Gyroscopic Investing

There's a new law in France that has been put into application : the postal services shall not be used anymore to send precious metals, especially gold & silver bullions.

There is no real justification for that and the law is not well known yet (many professional bullion dealers do not seem to have heard of it) but that will certainly slow down the precious metals market in France. Sure, one can occasionally send some gold and hope it won't be found, but professional cannot work like that. I think a lot of dealers will lose their job.

It may seem paradoxical but I think that is one more good reason to invest into physical gold. When your government tries to stop you from buying gold, even when that is not explicit, you really must have some and you should really possess it.

If I were living in France and had any amount of wealth, I would be very nervous. There seems to be an ugly populist flare-up of the sort that rarely ends up making things better off for anyone.

Odd, there was not a reason given. Sounds like an opportunity for a 3rd party courier service to take over and fill the void; unless that has been blocked as well.

Pointedstick wrote: If I were living in France and had any amount of wealth, I would be very nervous. There seems to be an ugly populist flare-up of the sort that rarely ends up making things better off for anyone.

+1
Based on recent events I would be very nervous almost anywhere in the EU these days. Geographic diversification is once again something most people should be looking into if they haven't already.