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European banks limiting gold sales?
CaptHenway
Posts: 32,663 ✭✭✭✭✭
One of the dealers on my old dealer-to-dealer network just posted this:
"Apropos of nothing, I had a customer in yesterday
who was back visiting his family in Italy the
other week, and they made a trip to Austria where
they do their banking, and it's true - in
Austria purchases of gold bullion by the public
is now limited by law to something like $10K
worth. This new policy is fallout from the
European crisis, I suppose. Nonetheless,
a very frightening gov't action to be happening
in the supposed free world."
"Apropos of nothing, I had a customer in yesterday
who was back visiting his family in Italy the
other week, and they made a trip to Austria where
they do their banking, and it's true - in
Austria purchases of gold bullion by the public
is now limited by law to something like $10K
worth. This new policy is fallout from the
European crisis, I suppose. Nonetheless,
a very frightening gov't action to be happening
in the supposed free world."
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
No Way Out: Stimulus and Money Printing Are the Only Path Left
Box of 20
only thing concrete is that France can impose limits or ban purchases by decree, that was "back" in late July.