All right then, is this just a beginning?
Gold and silver prohibited on July 15, 2011?
GoldSilver.com - Question of the Week
JUNE 21, 2011
As a result of ZeroHedge's recent article about over the counter gold and silver prohibition (click here for that specific news piece) many customers have been asking us the following question:
Will ownership of gold and silver be prohibited on July 15, 2011?
No, not for those who own physical gold and silver.
It will impact those who own paper gold and silver.
The Dodd-Frank Act was enacted to help bring financial stability and to improve accountability and transparency to the financial system. In summary, the Dodd-Frank act is another packet of financial regulations.
In response to this act, FOREX.com, an online brokerage house specializing in trading fiat currencies, has determined that their US clients having XAG and XAU trades "over the counter" will need to be liquidated by July 15, 2011. Therefore, within less than a few weeks, their digital gold and silver trades will need to be liquidated and again with very little notification.
We believe this adds credence for why one should take physical delivery of their gold and silver to their door or in a private segregated vault storage facility.
Be forewarned paper investors of gold and silver! Those who hold paper / digital gold and silver, exchange traded funds, etc. Those investors are beholden to brokerage accounts and ever increasing financial regulation.
It is our strong belief that physical gold and silver investors will continue to enjoy private ownership, anonymity, and control over their own financial destiny.
AI
