QV brought this to our attention, you had better read it. If you do not have gold or silver-buy food, asap. They did this in the early 1930’s, crippling this country; They took gold from gold owners. This is why I don’t do ‘silver or gold’. FOOD, people, food. During the Holodomor/Ukraine they put out pamphlets that read “FOOD IS YOUR WEAPON!” -Food is your weapon now, as well.
Thanks to the Dodd-Frank Act, over the counter trading of gold and silver is going to be illegal starting on July 15th. Or at least that is what some companies apparently now believe. The following is an excerpt from an email that Forex.com recently sent out to their customers….
Important Account Notice Re: Metals Trading
We wanted to make you aware of some upcoming changes to FOREX.com’s product offering. As a result of the Dodd-Frank Act enacted by US Congress, a new regulation prohibiting US residents from trading over the counter precious metals, including gold and silver, will go into effect on Friday, July 15, 2011.
In conjunction with this new regulation, FOREX.com must discontinue metals trading for US residents on Friday, July 15, 2011 at the close of trading at 5pm ET. As a result, all open metals positions must be closed by July 15, 2011 at 5pm ET.
We encourage you to wind down your trading activity in these products over the next month in anticipation of the new rule, as any open XAU or XAG positions that remain open prior to July 15, 2011 at approximately 5:00 pm ET will be automatically liquidated.
We sincerely regret any inconvenience complying with the new U.S. regulation may cause you. Should you have any questions, please feel free to contact our customer service team.
The Team at FOREX.com