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SamFarber
 
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OTC precious metal sales to be made illegal?

What does this mean? Is this simply the ending of selling precious metals "on paper"? A first step? Keep in mind that in THIS country they CONFISCATED gold at one point.

http://www.infowars.com/trading-of-o...nning-july-15/
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Old 06-21-2011, 07:56 PM SamFarber is offline  
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Nevermore
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this doesn't make sense to me
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Old 06-21-2011, 10:27 PM Nevermore is offline  
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pyramid
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http://www.marketwatch.com/story/dod...ing-2011-06-22

don't get your news from infowars.com.
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Old 06-21-2011, 10:45 PM pyramid is offline  
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Straw Man
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lmfao sam came back and he's posting infowars links


it's like taking a virulent hick racist, combining it with freewilly and getting the best of both worlds
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Old 06-22-2011, 02:56 PM Straw Man is offline  
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SamFarber
 
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Quote:
Originally Posted by pyramid View Post
http://www.marketwatch.com/story/dod...ing-2011-06-22

don't get your news from infowars.com.

It isn't like that article contradicts the Infowars one. It is still hard to understand what impact this will have.
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Old 06-22-2011, 05:56 PM SamFarber is offline  
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Kahnza
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welcome to the black market
Old 06-22-2011, 07:21 PM Kahnza is offline  
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Zangmonkey
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It's not common to trade metals over the FOREX.

Most traders will exchange it via COMEX futures and, if they want physical metal, will take delivery.

The regulation eliminates 28-day futures trading of metals in non-registered futures markets.
This is actually a good thing, and believe me it hurts me to say that for something named "Dodd-Frank".
The COMEX clearing house is regulated to monitor its long/short volume versus the actual physical inventory and warrants it holds. FOREX is not a physical clearinghouse and doesn't do this.
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Old 06-22-2011, 09:50 PM Zangmonkey is offline  
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