| Author |
 Replies: 14 / Views: 1,528 |
|
|
Valued Member
175 Posts |
|
|
|
|
Moderator
 United States
6563 Posts |
Quote:
The Over the Counter (OTC) Bullion Market, will be Banned for ALL U.S. Residents and corporations as of July 15, 2011. Fear Mongering serves no purpose here |
|
Pillar of the Community
United States
3670 Posts |
I would think of there was really was a true ban about to go down on selling bullion, we would have heard about it here....
|
|
Locked
822 Posts |
I can't believe you even asked that question.
|
|
Valued Member
 175 Posts |
I didnt think so because I havent seen anything about it here but I got this email this morning so I just thought I'd ask.
|
|
Pillar of the Community
United States
1150 Posts |
My question to all of you negative Nancys who replied to this thread is 'why are you being jerks?' The guy/girl asked a simple question.
Either give an answer or don't say anything.
Anyhow, the answer is 'no.' There are rules/restrictions being put in place for certain operations who sell large amounts, but if my memory serves me right it only applies to sellers who do not actually have the physical stock to sell. You'll have to research it, but this came up a month or so ago. Rest assured that buying/selling physical gold/silver/whatever else is still legal. This new deal stems from the Dodd/Frank legislation if I remember right.
|
|
Valued Member
Brazil
379 Posts |
Just to be safe, you should go ahead and give me any silver and gold that you might have. I'd hate for you to get arrested  |
|
Valued Member
175 Posts |
Thanks Mitch and sorry for the stupid post.
|
|
Pillar of the Community
United States
1150 Posts |
It wasn't a stupid post, that was my point. It was a simple question and you should have been treated with the same respect given to everyone else on this forum.
|
|
Pillar of the Community
United States
3592 Posts |
Agree with Mitch...it was a legitimate question.
|
|
Pillar of the Community
United States
1064 Posts |
Quote:
It wasn't a stupid post, that was my point. It was a simple question and you should have been treated with the same respect given to everyone else on this forum Agreed; guilty myself, and then I look back at some my posts  , and I remember why this is the only forum I've paid into... |
|
Valued Member
Australia
278 Posts |
as the saying goes.... "The only stupid question is the question you don't ask."
|
|
Bedrock of the Community
Australia
21788 Posts |
If the premise that OTC bullion buying were true, and,
If I were a U.S. citizen, I would be quite annoyed.
But with the way I collect gold and silver coins, (and if I were a U.S. citizen) I still would not be VERY annoyed.
Why?
All of the gold and silver coins in my collection have a numismatic, historic and cultural value considerably above the bullion value.
Fortunately, U.S. citizens would still be able to trade bullion quite happily, by non OTC means.
As an Australian citizen, I would feel as if I have just dodged a silver or gold plated bullet! I have only done two trades in bullion in my life: A 1 oz. platinum Koala in 1993 (I still have that), and a 1/2 kilogram silver bar, in 1985, sold six months later.
Edited by sel_69l
08/05/2011 02:18 am
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
"The only stupid question is the question you don't ask." I've heard that. I've also heard some REALLY stupid questions! Just watch the news on TV for a while and you will see plenty of dumb questions. These are usually asked by brainless bimbos and empty suits as if they were actually questions worth answering. |
|
Valued Member
United States
487 Posts |
Ron2012Paul,
Your doing just fine.
|
| |
Replies: 14 / Views: 1,528 |
|
Posted 08/04/2011 5:44 pm
