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Can some one please explain what is going to take place beginning 7/15?
I'm referring to the dodd-frank act section 742a. Evidently forex.com will 'discontinue metals trading for US residents'
 

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White Cracker
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Hello. The idiots who destroyed the world monetary system, just had a meeting at the Bildeberg. Notice any coincidence. :)
They, New World Order, will tell you what you can and cannot do.
People with an I.Q. over that of a chimp, are scared.
They, NWO, dont want you trading in commodities. Then you dont use their worthless paper, spending it on keeping the economy going.
The big boys want too control that.
George Soros Just Poured $455 Million Into These Two Stocks | Daily Trade Alert
Half our small community, with a population of 1,450 people, just made the "Failure too pay their taxes list."
A storm is brewing guys. Keep your powder dry. :)
 

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Citizen, Patriot, Ranger
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2,862 Posts
Hello. The idiots who destroyed the world monetary system, just had a meeting at the Bildeberg. Notice any coincidence. :)
They, New World Order, will tell you what you can and cannot do.
People with an I.Q. over that of a chimp, are scared.
They, NWO, dont want you trading in commodities. Then you dont use their worthless paper, spending it on keeping the economy going.
The big boys want too control that.
George Soros Just Poured $455 Million Into These Two Stocks | Daily Trade Alert
Half our small community, with a population of 1,450 people, just made the "Failure too pay their taxes list."
A storm is brewing guys. Keep your powder dry. :)
I just wish you were closer......To where I live that is....
 

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White Cracker
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13,576 Posts
Yes bellson..

I just wish you were closer......To where I live that is....
Who in the name of God are these people, too tell free citizens in a democratic country. What they can and can not invest their hard earned money in. If legal, let the people invest.
True story. When I was a kid. I met Dodd. Punched him in the nose I did.
Got in big trouble for that one. Think I rattled his brain. :)
All kidding aside. Does anyone but me understand how communistic this damn law is?
Thank God I am getting old. You youngguns keep yer powder dry.
Study your history. When the economy goes sour. War is immanent.
Nothing helps the economy like a good war.
Anyone want too bet a case of beer we have another conflict in the near future. The young will die. The economy will grow. The Bildeberg has made their choice of when and where.
Good luck guys. One was enough for me. :)
 

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AKAHOLIC
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White Cracker
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Yes Sir...

Apparently this is going to put the kaibosh on non-exchange ("over the counter") trading of highly leveraged commodities and those without substantial physical backing or intended delivery within 28 days.

Seems to be going after currency traders firstly, and metal and oil as an afterthought.

Jesse's Café Américain: US Seeks to Curtail OTC Highly Leveraged Retail Trading in Paper Commodities and Currencies
Tanvil. Good post. Thank you for finding that.
Why do 200 people hit the site and only 4 of us discuss the matter?
My Bro John. I may have too drive too Connecticut soon. I AM stopping in too see you. You owe me a crab dinner at Che Le Crab Le petite chef. :woot: My God I am hungry... :lol:
Come on guys. Give the "General Discussion a boot" POST. Please.. Dont be afraid. Who the frig cares how many posts I have or anyone else.
Your opinion matters and keeps the site going.
I am on other forums under the name " Sleepswithdogs" :) :)
Are yah scared. POST.. :)
 

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I don't quite understand this. I guess I am a ignorant red neck. Does this mean that my small gold mine in Rock Creek, Bow River district, Medicine bow National Forest where I smelt a little gold becomes worthless because I can't sell the gold?
 

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Well 4th I try to post plenty but you guys seem to have it covered and l really have anything intelligent to add till I understand more about what it means lol
 

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It just bothers me that the government can tell citizenstheycan not purchase and take part in legal commidity. The whole nanny state elitism of it really concerns me. Also is this a camel's nose, in y months will they decide the American sheeple don't need physical gold and silver. Or will they decide we don't need our guns and ammo. Our freedoms appear to be vanishing at an increasing rate. What's next?
 

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I guess I am a ignorant red neck.
I'm with 'ya Partsman :D
The way I see it, the general public can't use gold or silver to buy commodities (hell to me that's anything you can put a value on), is that what this means?
And who is this Forex?
 

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White Cracker
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Read farther down the act Black Blade

"So far we have only received this warning from Forex.com. We are waiting to see which other dealers inform their customers that trading gold and silver over the counter will soon be illegal."
Trading Of Over The Counter Gold And Silver To Be Illegal Beginning July 15 | zero hedge

Unless I am reading their jibberish wrong. Their going after, spot, future and commodity sales also..
Unless you "MEET" their criteria.
Meaning George Soryos and crew are fine. Just dont you damn sheep think about doing it.
Would have loved too have been a fly on the wall at this years Bildeberg meeting.
A storm is brewing. But it cheap and stack it deep.
 

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White Cracker
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Coils

I'm with 'ya Partsman :D
The way I see it, the general public can't use gold or silver to buy commodities (hell to me that's anything you can put a value on), is that what this means?
And who is this Forex?

"We're here to help" :lol:
Chat with a Forex Specialist
Learn: How to Trade Currency | Forex Market Training & Trends | FOREX.com

Forex is a currency exchange company listed on the NYSE.
Put in simple terms. China and any country holding that worthless paper you have in your wallet, are getting scared.
The communist bastards "HERE" no longer want the sheep, who are scared too death of our failing world wide paper currency. Too get carried away with buying gold and silver.
World wide inflation is reaching the breaking point. Our national debt is about too explode.
Smart people like Black Blade, bought gold and silver too keep up with inflation.
Their is only so much gold and silver too go around.
They dont want Black Blade doing that anymore.
This has too stop for the sheep. Hence this act.
So take that worthless deflating paper out of your wallet and go too the store and buy your $50 loaf of bread.
A storm is brewing. Keep yer powder dry. :)
 

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Or, the hedge investors who inflate commodity pricing in gold and similar precious metals can no longer play the short game BFD.

Won't affect those who play in real gold coin, only those who play the market and play havoc on the market. Barney Frank et al are assholes (and asshole lovers) but this isn't a big play on the rest of us.
 

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White Cracker
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Glad you jumped in S.J... What are you doing up this late.

Or, the hedge investors who inflate commodity pricing in gold and similar precious metals can no longer play the short game BFD.

Won't affect those who play in real gold coin, only those who play the market and play havoc on the market. Barney Frank et al are assholes (and asshole lovers) but this isn't a big play on the rest of us.
Oh yes it will. Read the bill. Over the counter sales will soon be illegal.
Always count on your .02.. If I am reading it wrong. Please correct me.
First paragraph down. No more over the counter.
 

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capital gains taxes...they know it will most likely sky rocket, so they want more than their fair share..like always
 

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well it don't bother me much because my OTC metal is LEAD.

and it would not be too much of a reach to see LEAD trumping GOLD if things get really bad.

that is less you use that gold to cast slugs with---
 

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If I am understanding this right, "Over The Counter" sales are not what it sounds like, IOW it doesn't mean you can no longer go to the pawn shop and buy a Kruggerrand. I think it refers to trades done outside the normal regulated futures trading places. If I understand it right, which I probably don't, it means people who buy gold "on paper" for delivery at a future date beyond 28 days can no longer do so unless it is through an officially recognized commodity market such as the New York Mercantile Exchange. These people never intend to actually possess the gold, they simply "own" it on paper for a while until the price runs up and they sell the paper to someone else. People who actually buy real gold should be unaffected.
 

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SniperPig
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I thought I heard that if you go to sell gold and it's worth more than $300 you are required to report the sale to the IRS, so they can tax your ass on it. I pretty sure you will still be able to buy it well at lest until Obama (the new FDR) stops that ohh hello new, new deal
 
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