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European banks limiting gold sales?
CaptHenway
Posts: 34,012 ✭✭✭✭✭
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. 54 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. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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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
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
Box of 20
only thing concrete is that France can impose limits or ban purchases by decree, that was "back" in late July.