European banks limiting gold sales?
CaptHenway
Posts: 32,277 ✭✭✭✭✭
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
Exit bunker, enter Matrix. LOL
Box of 20
only thing concrete is that France can impose limits or ban purchases by decree, that was "back" in late July.