12 votes

France Bans Cash Sales Of Gold & Silver Over $600

I would call this "The Beginning of the End", in Europe as well :

www.InfoWars.com

Monday, September 26, 2011

"Central banks are presumably so frightened that a growing number of citizens are abandoning rapidly devaluing paper currencies and preserving their wealth through precious metals that governments are now cracking down on the anonymous purchase of gold and silver.

Following the Austrian government’s announcement that it was restricting the sales of precious metals to $20,000 a time, an amount which would purchase just 11 ounces, the French authorities have followed suit with an equally draconian new measure to deter people from buying gold and silver.[...]"

Read more :

http://www.infowars.com/france-bans-cash-sales-of-gold-silve...

Also on www.shtfplan.com, with an excerpt of the new French law, translated to English :

http://www.shtfplan.com/headline-news/tightening-the-noose-f...

And a little earlier the EUROCRATS have already considered a possibility for the nationalized Central Bank of France ... to sell its gold reserves :

Is the Central Bank of France going to have to sell its gold ? (7/27/2012)

"[...]To a recapitalization of the Bank of France ?

The ECB declined to comment on that. But some European officials believe the Bank of France and the central banks of Cyprus and Malta are at the forefront. They are the most exposed to Greek debt, and may need to be recapitalized to compensate for losses due to the discount sovereign bonds they hold."

http://www.latribune.fr/entreprises-finance/banques-finance/...

At least, in America, we can STILL sell or buy silver or gold FREELY (with hand-to-hand cash).

But ... FOR A HOW LONG ?




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How long?

I dunno, but I am sure this will just make things worse for those who believe fiat will last. If the average Joe catches on to the fact that govt's are putting controls on the purchases of Gold/Silver, people who are on the fence about buying PM's will act in a similar manner to gun owners who fear gun confiscation. Like the gun owners or those on the fence baout owning a firearm who buy more guns every time the MSM/pols talk about passing more laws, people will buy more PM's thinking they won't have time to wait.lol It sounds plausible.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

And they shall try to

And they shall try to "outlaw" the natural responses to their failed policies.

SteveMT's picture

$600. What a coincidence. Same amount in Obamcare .....

For Reporting Every And All Business Transactions In Excess of $600!! [Like metals] This suggests that we are one-step away from this same ban.

The repeal of this failed in the House as I recall. Read all about it:
http://www.saveyourrights.com/government-control/obamacare-l...

It was repealed in

It was repealed in 2011...

http://www.gata.org/node/10085

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

SteveMT's picture

Thanks, John for that update.

I was going by older information.
http://www.dailypaul.com/156032/senate-repeals-600-tax-provi...

Appreciated.

reedr3v's picture

bump

.

it would be awful hard

for them to enforce a ban on cash purchases.

Yeah, but it will be easy to ban cash

One day we will be 'shocked...shocked to discover counterfeiting is going on (no, not the Federal Reserve, but Iran they will tell us)'. Cash will be withdrawn from circulation and the people will receive TCUYA*. It will serve as an ID, credit, debit, welfare, ration card combined. Try to buy gold......*****AUTHORIZATION DENIED*****

Gold, guns, ammunition, paid sex, privacy, recreational drugs - priceless..
For everything else, there's TCUYA*

*The Chip Up Your Ass.

Leges sine moribus vanae

Cyril's picture

You mean here, in the USA ?

You mean here, in the USA ?

I don't know. But the French have long ago accepted the brutal force of big government and bureaucrats. That has always saddened me.

We lost our guts long ago.

Now it's just give them bread and circuses.

Government can steal from them all they want otherwise.

It's disgusting.

I BEG Americans to NEVER become as submissive as we have become, in Europe. I will denounce and fight these bureaucraps crooks until my last breath.

I haven't forgotten Liberty and I will never be an obedient slave of the State.

Peace.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius