On 6/19/2011 11:18 PM, Brenda Ann wrote:

...
Use your noodle for just a moment: If ALL OTC trading of precious metals
were made illegal, then nobody would have any for manufacture of
jewelry, electronics, ad inf.

I guess you are not aware of the gold confiscation of the 1930's?

I remember my family had to swap/buy/sell gold on "the black market"
which existed here in the USA, as the price the government would buy it
from you at was ridiculous. My grandmother didn't seem to have any
problem keeping or wearing her gold jewelery, watches, necklaces,
wedding bands, etc.

Jewelery and jewelers must have had some type of exemption.

However, when my grandmother finally removed all the gold from a secret
safe she kept, and moved it back to a banks lockboxes was sometime in
the 60's, I think. Makes me think those controls/confiscations must
have existed up until then, but I am not sure, not much info about it,
at all, on the internet ... but I remember, it was a BIG deal with my
family and they refused to sell gold to the government and hid what they
had -- even some jewelery. Luckily, the family new an old family which
were jewelers, those jewelers always knew where to get top dollar for
gold and the workings of the black markets!

I remember this well because I would always get a gold coin from my
grandmother for xmas/birthday every year ... I still have many of these
coins, the most valuable with collector values -- just wish I had kept
every one! But hey, fast cars, and fast women, takes their toll ... :-(

I don't see how they have a choice, not to do some type of manipulations
with gold, paper money is suffering massive devaluing and you will need
a wheelbarrow load of bills to buy a loaf of bread! Or, at least, it
appears it is heading that way now!

--
Regards,
JS

RON PAUL IN 2012, THERE SIMPLY ISN'T ANOTHER CHOICE!