Mike Maloney has a Youtube out about this , government impedes banking access to coin / bullion stores and business, using money laundering as an excuse, anybody hear about this, any truth , your thoughts ?
They already did it to gun shops. I know an owner of one here, and I was there when BOA called to cancel his account. He was livid. He'd been in business for 30 years, and never had any legal problems. I've heard pawn shops have been going through it too. Coin/bullion dealers could be next.
They seem like a reasonably motley crew to me. These businesses often trade in grey areas of commerce to varying degrees, although there are also very honest businesses among them. A very hard area to administer and police, and there will always be a divergence of passionately held opinions.
This is all being done by Government to prevent scams and terrorism.
he said it at the end "im gonna buy as much ammo and GOLD AND SILVER as I possibly can".
like some of us do we not look for ways to get silver and gold at the lowest price possible even free by buying and flipping? sounds like hes pretending to warn you but at the same time doing a sales pitch. and he passed all areas with flying colors too!
What it's all about is putting restraints on businesses in which money laudering is easy. The gold and gem market is watched closely by the feds here, even foreign spies, I wish I were kidding. Precious metals is easy to "manipulate" if you know how to because it's an extra mathematical and chemical step beyond just counting "Benjamins". Any transaction over $10,000 is monitored for this reason.
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Posted 02/11/2015 10:51 am
This is all being done by Government to prevent scams and terrorism.
