Gold/Silver OTC trading illegal for US residents after July 15, 2011?

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posted on Jun, 19 2011 @ 03:57 AM
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Originally posted by CarlitosAmsel
You should have been more carefull, PaganArchangel...-
You see, now HE GOT YOU !!!!


I won't let it blow my mind, lol
2nd line




posted on Jun, 19 2011 @ 03:58 AM
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Originally posted by PaganArchangel

I live in an elderly/disabled building...they will not allow it - plain and simple.


You ARE being difficult.

I have told you how to protect some of your wealth and you are coming up with excuses as to why you cannot do it.

You seem to think you must do this IN your apartment. For some reason you refuse to entertain the idea that other locations exist on this planet.

But I get it, by sticking with only your apartment, you can make up excuses and not have to do anything. I hope your feeble excuses do not discourage others from taking measures to protect their wealth.



posted on Jun, 19 2011 @ 04:11 AM
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How?
By sitting down with some clay, some crumbs of gold and a blow torch, being unexperienced and trying to mess together some junk that should pass as jewelery?

I used to be in the diamond business, and having lots of diamonds, one day I got the idea to fit one of them into my girlfriends 18 ct. gold ring. I sat down and heated the ring with a torch, one of those things you stick on top of a gasbottle used to fill cigarett lighters. A quite good torch. A bunsenburner in fact. Suddenly, without any condition between solid and liquid, the ring liquefied in front of my eyes and I was stuck with a little clump of dirty yellow metal and the need to buy my girlfriend a new gold ring... Now thats what you get if you sit down without experience in the field, messing with gold jewelery and a blow torch.
edit on 19-6-2011 by CarlitosAmsel because: (no reason given)
edit on 19-6-2011 by CarlitosAmsel because: (no reason given)



posted on Jun, 19 2011 @ 04:18 AM
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Originally posted by Exuberant1

Originally posted by PaganArchangel

I live in an elderly/disabled building...they will not allow it - plain and simple.


You ARE being difficult.

I have told you how to protect some of your wealth and you are coming up with excuses as to why you cannot do it.

You seem to think you must do this IN your apartment. For some reason you refuse to entertain the idea that other locations exist on this planet.

But I get it, by sticking with only your apartment, you can make up excuses and not have to do anything. I hope your feeble excuses do not discourage others from taking measures to protect their wealth.



But you are making the assumption that I have wealth to protect. If wealth is measured in how much tobacco, food, bullets, ect. that one can store..one doesn't need a lot of wealth to collect that.
As far as I am concerned, precious metals are over - valued and will probably crash as well.
Really...The only reason that precious metals cost what they do is because someone else says that they are valuable (same for diamonds unless one will use them for cutting or grinding something-for the exception of that they aren't really worth anything). Sure, gold doesn't oxidize and it's shiny and pretty, but what good would it really be after a true total economic collapse? May as well make bullets out of it, they will be of more use.
Sure precious metals are used in all types of technology, but who knows what kind of condition that technology would be in if there were a total collapse, and if the govt. got desperate enough for it, I wouldn't be suprised if they came to get the rings off my fingers. So much for the gold/silver/platinum/palladium hoard.
Some assume that in an economic collapse that gold or silver will be the instrument of trade but what if it winds up not being the case?
Just sayin'
edit on 19-6-2011 by PaganArchangel because: (no reason given)



posted on Jun, 19 2011 @ 04:24 AM
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Originally posted by CarlitosAmsel
How?
By sitting down with some clay, some crumbs of gold and a blow torch, being unexperienced and trying to mess together some junk that should pass as jewelery?

I used to be in the diamond business, and having lots of diamonds, one day I got the idea to fit one of them into my girlfriends gold ring. I sat down and heated the ring with a torch, one of those things you stick on top of a gasbottle used to fill cigarett lighters. A quite good torch. A bunsenburner in fact. Suddenly, without any condition between solid and liquid, the ring liquefied in front of my eyes and I was stuck with a little clump of dirty yellow metal and the need to buy my girlfriend a new gold ring... Now thats what you get if you sit down without experience in the field, messing with gold jewelery and a blow torch.
edit on 19-6-2011 by CarlitosAmsel because: (no reason given)


Very true....I did melt a silver bar down many moons ago and it can go from being a solid to a liquid in in a New York second. Very delicate stuff when it comes to heat. I wanted to make a bracelet. I wound up just beating the crap out of it on an anvil until I got one.



posted on Jun, 19 2011 @ 04:25 AM
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Not only are precious metals over - valued and will probably crash as well.
Talking about gold, Obama is preparing to steal it from you. He already made the posession of more then one quarter of an ounce illegal. How many rings can one make out of a quarter of an ounce of gold and how much "wealth" can you store in that? We must store our wealth in precious things, things that keep us alive, healthy and happy, and not in things, other people make seem precious, until they profit from dumping them.
edit on 19-6-2011 by CarlitosAmsel because: (no reason given)



posted on Jun, 19 2011 @ 04:35 AM
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Is this the reason the precious metals clearing houses have been moved to/set up in the UK?
(like Chicago Mercantile who are also expanding their UK offering to include more OTE Metals)

As far as I understand the whole clearing house ideal is for transparency.. and that it the intended is to keep the assets in the same Jurisdiction as the clearing houses during the transaction phase..

If that is true are we seeing a shift in where precious metals are being held/traded?

I could however be talking out of my bottom... so please forgive me if I am.. it just seems the news of OTE Metals clearing houses being set up by American companies outside America at a time America enacts this type of legislation appears too coincidental for my liking.



posted on Jun, 19 2011 @ 04:35 AM
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Originally posted by CarlitosAmsel
Not only are precious metals over - valued and will probably crash as well.
Talking about gold, Obama is preparing to steal it from you. He already made the posession of more then one quarter of an ounce illegal. How many rings can one make out of a quarter of an ounce of gold and how much "wealth" can you store in that? We must store our wealth in precious things, things that keep us alive, healthy and happy, and not in things, other people make seem precious, until they profit from dumping them.
edit on 19-6-2011 by CarlitosAmsel because: (no reason given)


Very true.

I wonder if Titanium is on the list

I must find out if any other metals are included along with the usual suspects.
When word gets around the response will be interesting.



posted on Jun, 19 2011 @ 04:53 AM
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At the end of the day we're all shafted - not just US but boogeyman Obama seems to have control of the puppet strings. Before we know it the monetary value of everything will plummet and there will be no wealth and no assets, except in the hands of the elite. Personally I think i'm going to invest my savings (lol, wish I had some) into packets and tins of food and bottled water. Some things in life are way more important, like health, happiness, caring and making sure my loved ones can survive the coming crisis. I'm not really that pessimistic but feel this option is one to be considered.



posted on Jun, 19 2011 @ 04:55 AM
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well all I can come up with after reading this is...

Holy hell!!

So... we have a few weeks to get us some silver/gold stockpiled, because well... as a poster said early on in this thread...

the price will skyrocket once its illegal.

this is a cornering the market move, i dont think this will work... what are they going to do? arrest people for having gold/silver coins? or its just the exchange of gold/silver at retailers?



posted on Jun, 19 2011 @ 05:06 AM
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Keep whatever precious metals you already have and stash it away good, so no government goons can find it. Dont burry it in your yard, for if the suspicion arises that you might have, they WILL come with metal detectors. Rather sink it in a lake or whatever. It may serve you in the future as a new start. Wathever cash you own or still can lay your hands on, turn it into food, water, guns ammo, tobacco and whiskey (and a still, small enough to be hidden away, for durable earnings) As long as there is food around somewhere, one can always buy it with whiskey and good tobacco. Look at war situations. What is the most wanted item, as long as guns and ammo are being supplied? Drugs, like Tobacco, alcohol and the illegals. Same thing in prison, with the exemption of guns and ammo, same thing in concentration camps, same thing everywhere....-
edit on 19-6-2011 by CarlitosAmsel because: (no reason given)



posted on Jun, 19 2011 @ 05:43 AM
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They want to make the illusionary currency official.

That's why US is strictly against trade through Gold. They haven't traded with Gold for along time now, but they deny it, and claim to have Gold in the banks, and supposedly that Gold is the basis for the illusionary currency.

When Libya tried to initiate the Golden currency, the West was quiet silent, silent before the storm you could say, the storm is here.



posted on Jun, 19 2011 @ 05:58 AM
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hmm.. US have realised...the dollar is dead $

The first phase of the end of Fiat Currency. The big players now have an easy playing field to allow for the manipulation of precious metals, and thus end game currency.

Regulation is getting ridiculous and jamie dimon has confronted Bernanke..

Bombshell to the fed

I guess this is some how part of Basel II.5 requirements for clearing houses for OTC transactions for clearer transparency,
edit on 19-6-2011 by DannyboyUK because: spelling



posted on Jun, 19 2011 @ 06:25 AM
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There will come a time when the only thing worth trading will not be precious metals, but precious pieces of non-precious metals....



posted on Jun, 19 2011 @ 06:44 AM
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"What are you people - on dope?" (Quoting the opening of Ministry's song "NWO")

-The dollar is less than zero, and the US government know what's next; riots and civil unrest.

-Sell everything you got, and buy supplies and a boat - Or get yourself a cabin in the mountains and stack it with canned food, ammo, and hemp seeds!

-There is no such thing as freedom in the U.S. - who told you that? What more can I say than... good luck!



posted on Jun, 19 2011 @ 06:49 AM
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America is going down,it's now that you ALL need to start making a stand against your corrupt government and take your country back.Right now americans are in chains are are doing nothing about it,never thought i'd see the day that people would just let their freedom be taken away so easily.Get these war mongers out and get people who care about the people in,YOU are the only people that can force change.Either that or keep getting what little freedom you have left taken away until you all have nothing and then you will be completley dictated.



posted on Jun, 19 2011 @ 07:11 AM
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So once the govnt has brought all the gold back at bargin price, will the then reopen trade on it.
Sounds like a last ditched effort to prop up the dollar.



posted on Jun, 19 2011 @ 07:28 AM
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Enough of the Fear Porn! This has to do with "leveraged" transactions more commonly known as credit transactions. The govt is trying to get the crooked speculative out of the market. They "lend" each other non-existent money to play manipulated swings.

This is a good thing and part of the solution of ridding the criminal element from the financial market. Don't buy the hype. The crooks are trying to freak YOU out so they can continue to make illegal profits.

By requiring cash for the buying of gold, it levels the field. Think about this. Can the average ATS member buy a million dollars of gold based on stated assets such as worthless derivatives?

If you have to look up these words, you have nothing to worry about and should be reassured that a veteran member of ATS opinion may be more valid than a newbie fear mongering sock puppet

Happy fathers day



posted on Jun, 19 2011 @ 07:47 AM
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reply to post by Aussie_Rock
 


No they will do what they did last time sell it to pay of debt for a bargain price again same as they did in the 30's. They know they have no gold that's why they have to steal the publics. Everyone is just waiting for the government now to start offering below price offers on what you have and if they find out you were buying or selling gold you'll be thrown behind bars and they will just take what you have. So you can either sell it now or damn them all to hell and hide it somewhere.

Just make sure it isn't an obvious spot thats all



posted on Jun, 19 2011 @ 07:48 AM
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reply to post by zarp3333
 


As I see it, I will not be able to invest in Gold or Silver, I can't invest and make my 401k grow without being a qualified trader which includes having over one million dollars in the bank. I don't want to give my money to the thieves in investment companies, I do it my self, I don't want to stash pounds of silver in my home, it is not safe. Now I will be forced to bring all of the physical metals in to my home.





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