Austria Limits Gold Purchases, Italy petitions to ban Cash transaction

Discussion in 'Markets & Economies' started by CriticalSilver, Sep 16, 2011.

  1. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    Europe is on fire - just Add It Up

    [youtube]http://www.youtube.com/watch?v=QHapDS2fcFE[/youtube]
     
    CriticalSilver, Sep 16, 2011
    #1
  2. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    Probably to contain massive price increase in gold for when the SHTF... sure price will still go up but at least contain it a little if the population are restricted to daily limits
     
    LovingtheSilver, Sep 16, 2011
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  3. SilverMark

    SilverMark Member

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    What if you want to buy or sell a 0.5kg+ bar???
     
    SilverMark, Sep 17, 2011
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  4. hiho

    hiho Active Member Silver Stacker

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    in italy I guess thats to quell the black market, but ironically the way italy is going the only market left will be the black market :/
     
    hiho, Sep 17, 2011
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  5. Username

    Username New Member

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    gold will always have value, that's the thing about it. it doesn't need government to back it's worth. legal tender on the other hand relies on government decree and force.... and that is why metal is the currency for the free and honorable. we all should be reducing our reliance on government as much as we can. imo you will always be able to sell your metal somewhere in the world. prohibition only drives the prices up as risk increases for suppliers. look at alcohol, drugs, etc etc. if you have wealth and want to store it this way, you will be able to do it.
     
    Username, Sep 17, 2011
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  6. nonrecourse

    nonrecourse Well-Known Member

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    I wounder if we could confiscate the gold fillings of the Austrain cleptomaniac legislators with a pair of plyers ? :mad:
     
    nonrecourse, Sep 17, 2011
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  7. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    Hey, great first post Username!
     
    CriticalSilver, Sep 17, 2011
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  8. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Could the police train sniffer dogs to find gold? :p

    Bloody currency controls...Keiser and Celente were right! :mad:
     
    Clawhammer, Sep 17, 2011
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  9. Au.Ag.Mzch

    Au.Ag.Mzch New Member

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    The article seemed to suggest that you could just go to a bank and order gold if you wanted; does the restriction include if you buy it online and have it imported to your address in Austria?
     
    Au.Ag.Mzch, Sep 18, 2011
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