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Gold and silver LOL told you so

Discussion in 'Preparedness & Survival' started by Just Jim, Jun 19, 2011.

  1. Just Jim

    Just Jim Well-Known Member

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  2. FarmerTed1971

    FarmerTed1971 Portland, Oregon, United States Well-Known Member

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    WTF?
     
  3. VW_Factor

    VW_Factor Woodburn Oregon Active Member

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    "The Dodd-Frank Wall Street Reform and Consumer Protection Act (henceforth, the “Dodd-Frank Act”), was signed into law by President Obama on Wednesday July 21, 2010."

    This is a small tidbit I found it.

    Why LOL and told us so? If this was signed into law nearly a year ago?
     
  4. Just Jim

    Just Jim Well-Known Member

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    I think I told everyone a year ago, I might be wrong though LOL. Just the time is getting close so do what ever you need to do.

    jj
     
  5. Just Jim

    Just Jim Well-Known Member

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    might ask yourself what happens when over the counter sales are stopped.

    jj
     
  6. riverrat373

    riverrat373 Washington State Member

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    There is ABSOLUTELY no provision in the Dodd-Frank Act that prohibits over the counter trading of gold and silver by US residents! Do a little research BEFORE you start repeating false stories! :paranoid:
     
  7. Just Jim

    Just Jim Well-Known Member

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    Maybe you should learn to comprehend what you read before you post. The thread is about stocks in PMs and has nothing to do with physical gold and silver over the counter purchases.

    jj
     
  8. powersbj

    powersbj Seattle Area Active Member

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    No more behind the SEC's back on the pink sheets eh? Reads like campaign donation payback, the big fund managers dont like getting cut out. Nothing like calling in a favor from the .gov to wipe out your competition.
     
  9. riverrat373

    riverrat373 Washington State Member

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    Wrong again.
     
  10. EZLivin

    EZLivin SW of PDX Well-Known Member

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    Americans will be forced to trade contracts on the COMEX instead of being able to trade FOREX after hours.
     
  11. Trlsmn

    Trlsmn In Utero (Portland) Well-Known Member

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    Scam, it's a scare scheme to drive up prices and sell a bunch of gold at mega profit. From a very short search this restriction may just be a restriction on conflict gold from Africa. It also just seems to require disclosure and not a ban.

    I only had a couple minutes to research this before I'm out the door so if anyone wishes to pick up the ball...
     
    Kevatc and (deleted member) like this.
  12. Just Jim

    Just Jim Well-Known Member

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  13. EZLivin

    EZLivin SW of PDX Well-Known Member

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    Huh? It boots the small US-based speculator out of the 100:1 leveraged Forex market. Forex is a paper game. This won't affect the actual supply/demand side of metals (or any commodity) either way.
     
  14. Mark W.

    Mark W. Silverton, OR Bronze Supporter Bronze Supporter

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    my head hurts
     
    iusmc2002 and (deleted member) like this.
  15. kenno

    kenno eastern WA Active Member

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    someone is "LOL" out of thier mind "LOL"
    I wonder if it hurts when he sits down "LOL"
     
  16. Riot

    Riot Benton County, Washington Well-Known Member

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    mkay....this is the quote from your first post...

    I think that my official conclusion from this thread is that Just Jim is a troll and should just be ignored...
     
  17. Sasquatchvnv

    Sasquatchvnv Port Orchard Active Member

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    You would think that by "over the counter" they would mean physical metal over a counter, but it is my understanding that "OTC" actually refers to some paper market mumbo jumbo - zero impact to normal human beings like us.
     
  18. EZLivin

    EZLivin SW of PDX Well-Known Member

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    Right. OTC paper contracts. Nothing to do with stocks or physical or COMEX contracts. I am not involved in that at all, but I do think prohibiting small speculators and investors from participating in any market that is open to the rest of the world is just plain wrong. So wrong.
     
  19. Sasquatchvnv

    Sasquatchvnv Port Orchard Active Member

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    It's all rigged in their favor - it has always been rigged. Small investors are to be fleeced, not given a fair shake.
     
  20. EZLivin

    EZLivin SW of PDX Well-Known Member

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    Yup. And when the billionaires at the big investment banks make a bad bet they cry to their government lackeys to bail them out because they are too important, er, I mean "too big" to fail. Fleece the small investor; nurse the investment banks.

    Wait until Round Two comes along. There are more derivatives on the books now then there was in '08. The big boys are still raking in billions pumping those things out as fast as they can as the other players continue to buy them up.