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Gold Becoming Illegal?
By Martin Armstrong

* May 31, 2015

There is a very curious new development with respect to gold. In many countries in Europe nobody can buy retail gold coins for bullion any more. Shops will buy, but nobody is selling. Banks who use to offer gold to the public have also shut down in Spain. If you leave Spain and have a lot of jewelry, they pull you over and want to weight it be it chains or whatever including watches.

Little by little, this hunt for money by desperate government is turning toward gold. Shutting down retail sales is quite alarming for what typically follows is some decree that you must turn over bullion by a certain date or thereafter it can be confiscated and illegal to even own.

Meanwhile, April saw the biggest decline in gold shipment to China that traditionally go through Switzerland. They fell 67% in April. As the economy has been turning down in Asia, the demand for gold has fallen by about 36%.

With demand dropping, government cutting off the ability to even buy gold in Europe, mixed with a rising dollar, all warns that the final low for gold may yet be on the horizon.

http://armstrongeconomics.com/archives/31089

George.

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