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Regarding:
Trading Of Over The Counter
Gold And Silver To Be Illegal
Beginning July 15
http://www.infowars.com/trading-of-over-the-c...inning-july-15/
You will
still be able to buy silver and gold from real bullion dealers like the JH MINT.
Here is the actual text of the law:
target="_blank" http://www.gpo.gov/fdsys/pkg/PLAW-111publ2...-111publ203.htm
The part of the Frank-Dodd law at
issue today regulates
futures and leveraged or margin
accounts where you only put down part of the
money, and borrow the rest.
It might also affect bad industry dealers who take longer
than 28 days to deliver. This will likely affect other bad dealers who offer private forms of leveraged or margined accounts for bullion.
One quick and easy way to show that gold and silver trading are not being made illegal in the USA is to watch the US Mint. As
long as they continue to offer
gold and silver coins for sale, then
you can bet that buying
US Mint products will be ok.
There is
a lot of confusion out there on the internet about this, as forex.com said it will affect "over the counter" trading.
But in the bullion world, terms
almost never mean what they
sound like they mean. It will not affect sales of bullion
over my counter.&nb target="_blank"sp; http://en.wikipedia.org/wiki/Over-the-counter_(finance)
Others are comparing this to the FDR confiscation of 1933, that
never really was a confiscation, but only
a recall.
Read my latest article on
confiscation, here:
Confiscation May 14th, 2010
In sum,
the real confiscation today takes
place through money printing. The us government is on pace to print a brand new $1.6 trillion this
year, which is $1600 billion. They
are not interested in confiscating
the worldwide $30 billion of silver
production; at least, not yet.
But back to today's topic: What will
be the result of the new
Frank-Dodd rules?
In my
opinion, it looks like they are shutting down a large
portion of fraudulent metals
trading. The people who
want to buy silver and gold are now more likely to consider buying the real things if they want exposure
to rising metals prices, which will likely move prices up.
As an example, one man recently
calculated that the daily trading of precious metals was 250 times as much as how much real silver is purchased for investment each year. Shutting down the paper trading means that real trading will be more likely to take up the slack.
Real silver
is not a promise to pay,
but rather, when you buy it,
you don't have any kind of promise, but only the real thing.
Jason Hommel
Silver Stock
Report
I strongly advise you
to take possession of real gold and silver, at anywhere near
today's price, while you still can. The fundamentals
indicate rising prices for decades to come.
Follow me on facebook I have 3500 friends, and I hear there is a limit
of 5000!
http://www.facebook.com/jason.hommel
Or Youtube!
http://www.youtube.com/user/bibleprophesy
JH MINT & Coin Shop, Grass Valley, CA
Minimum order $5000, USA shipping only.
Open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends and bank
holidays. (Also Closed from Dec. 25th to Jan 1st)
www.jhmint.com
(530) 273-8175
Kerri handles internet phone orders:
kerri.jhmint@yahoo.com
(530) 273-8822
If we can't fill your
needs, or if our phone lines are too busy, try my mom's shop, located in
Sacramento, CA:
www.momssilvershop.com
(916) 481-5656
mom@momssilvershop.com
You can also buy and
sell silver at auction, online, for only a 1% fee, at:
www.oneoverspot.com
In Portland, Oregon, a new bullion shop opens up, and needs customers!
http://www.goldsilversupply.com/
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