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Illegal to buy/sell gold bullion starting July 15??
Posted: Tue Jul 05, 2011 2:13 pm
by chrikenn
See this:
http://sgtreport.com/2011/06/breaking-n ... g-july-15/
And if you google "illegal trade gold bullion july 15," quite a few results come up.
Anybody know anything about this?
How will this affect IAU and GLD?
Re: Illegal to buy/sell gold bullion starting July 15??
Posted: Tue Jul 05, 2011 3:03 pm
by MediumTex
No effect.
This is not a ban on buying and selling bullion. If it were, the U.S. Mint would probably have something up on its website announcing that it would soon stop selling eagle coins.
Re: Illegal to buy/sell gold bullion starting July 15??
Posted: Tue Jul 05, 2011 3:07 pm
by kka
Looks to me like the Frank-Dodd act only affects leveraged trading of commodities contracts, not buying or selling of gold/silver bullion.
http://blogs.marketwatch.com/thetell/20 ... r-trading/
http://www.commodityonline.com/news/Dod ... 1-3-1.html
Re: Illegal to buy/sell gold bullion starting July 15??
Posted: Sun May 06, 2012 9:41 am
by Jan Van
Would that new rule be partly a reaction to the troubles caused by commodity trading? See Matt Taibbi's article
Wikileaks: Speculators Helped Cause Oil Bubble