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France bans mailing of coins and precious metals

CaptHenwayCaptHenway Posts: 34,198 ✭✭✭✭✭
in Precious Metals
From over in the U.S. Coin Forum

Le Link
Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.

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    KipKip Posts: 852
    UCSB Electrical Engineering....... USCG and NASA
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    KipKip Posts: 852
    crap
    UCSB Electrical Engineering....... USCG and NASA
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    LukeMarshallLukeMarshall Posts: 2,213 ✭✭✭✭✭
    Le Wow!

    Thats not good...

    It's all about what the people want...

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    morgansforevermorgansforever Posts: 8,513 ✭✭✭✭✭
    So when do we start getting nervous here in the U.S.? After Spain and Germany follow suit? It can't happen here in the good Ol' U.S. of A, or could it?

    EDIT: Is the source reliable? Nothing about it on Kitco, that doesn't really mean much, just sayin but aren't they the leading PM news outlet?
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
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    nibannynibanny Posts: 2,761 ✭


    << <i>
    EDIT: Is the source reliable? >>



    I had the same doubt (the article seems written with a mobile device) but then I found a thread with more links in the Coin Forum. It seems legit.

    Vive la France!
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
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    renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Hollande Doctrine(?)
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    BaleyBaley Posts: 22,663 ✭✭✭✭✭
    Gosh, everyone laundering money and evading taxes over there is going to be upset!

    Liberty: Parent of Science & Industry

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    nibannynibanny Posts: 2,761 ✭


    << <i>Gosh, everyone laundering money and evading taxes over there is going to be upset! >>



    The way I see it this has nothing to do with laundering and evasion, they have already a law that prohibits paying cash over €450.
    It is done to discourage PM purchases.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
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    mariner67mariner67 Posts: 2,746 ✭✭✭
    Man, there is a lot of broken Englsh giberish in that!
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
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    derrybderryb Posts: 38,621 ✭✭✭✭✭


    << <i>Gosh, everyone laundering money and evading taxes over there is going to be upset! >>


    Baleyville is still safe. image

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭
    >>

    Baleyville is still safe. image >>




    Ya, they only want our guns and privacy hereimage

    Steve
    Promote the Hobby
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    CaptHenwayCaptHenway Posts: 34,198 ✭✭✭✭✭
    Longer version of the story. Note the references to Fedex and UPS.

    linque
    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    Yukoncornelius1Yukoncornelius1 Posts: 654 ✭
    I don't see the logic in this, as bad as most postal sevices are doing financially I would think they would want as much business as possible?image
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    johnny9434johnny9434 Posts: 34,263 ✭✭✭✭✭
    no shipping coins or precious metals to france? no hard feelings here, really
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    PerryHallPerryHall Posts: 47,782 ✭✭✭✭✭


    << <i>I don't see the logic in this, as bad as most postal sevices are doing financially I would think they would want as much business as possible?image >>



    I'm guessing it's not profitable when they have to pay off big claims due to postal employee thefts of gold and rare coins which would be primary targets of the thieves.

    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

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    roadrunnerroadrunner Posts: 28,374 ✭✭✭✭✭


    << <i>no shipping coins or precious metals to france? no hard feelings here, really >>



    Is this a payback for DeGaulle taking our gold in the late 1960's?
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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    derrybderryb Posts: 38,621 ✭✭✭✭✭


    << <i>

    << <i>no shipping coins or precious metals to france? no hard feelings here, really >>



    Is this a payback for DeGaulle taking our gold in the late 1960's? >>


    Wasn't it France's gold? They had the propper IOUs, payable upon demand, and the battleship in New York harbor ready for secure transit home.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    Yukoncornelius1Yukoncornelius1 Posts: 654 ✭


    << <i>

    << <i>I don't see the logic in this, as bad as most postal sevices are doing financially I would think they would want as much business as possible?image >>



    I'm guessing it's not profitable when they have to pay off big claims due to postal employee thefts of gold and rare coins which would be primary targets of the thieves. >>



    I suppose that could be what's going on.
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    derrybderryb Posts: 38,621 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>I don't see the logic in this, as bad as most postal sevices are doing financially I would think they would want as much business as possible?image >>



    I'm guessing it's not profitable when they have to pay off big claims due to postal employee thefts of gold and rare coins which would be primary targets of the thieves. >>



    I suppose that could be what's going on. >>


    I suspect it has more to do with unreported taxes than it does with postal theft.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    RedneckHBRedneckHB Posts: 20,240 ✭✭✭✭✭
    suspect it has more to do with unreported taxes

    Agreed. It is not an attempt to keep gold out of French hands.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    jmski52jmski52 Posts: 24,016 ✭✭✭✭✭
    I'm not sure how this isn't a form of capital controls. If, by law - you can't mail gold or precious metal coins - the only way it impacts tax collection is if there's a lot of gray market transactions being carried out. There have been studies of the optimum tax revenue variables, and it's been shown that when tax rates exceed a certain level the gray market blossoms. If the idiots in France need more tax revenue they might want to consider promoting private enterprise and free commerce instead of capital controls and social welfare.

    History repeats.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    streeterstreeter Posts: 4,312 ✭✭✭✭✭
    What we are seeing in Europe is coming to a country near you.

    It can't happen here. Oh really?
    Have a nice day
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