Phase One: 
(complete)
Due to the Dodd-Frank Act, as of July 16, 2011 Over The Counter (OTC) Bullion transactions are illegal for All U.S. citizens.
No need to panic.... yet.
The Transactions that are Deemed Illegal are : Physical Bullion that is bought and/or Sold on Leverage, Finance, and/or Margin.
Buying physical Bullion and taking Delivery, Is Completely Legal for now.
However, like most Government Restrictions...they all start small.
The Feds Claim the Ban on OTC Bullion is to Protect Americans from High Risk Trading.
The Feds must Really want to protect American consumers; after all, the Law Is called
"Dodd-Frank reform & Consumer Protection Act".
Well, If "Consumer Protection" is their goal, the Feds are Not doing their job. Statistics show that 92% - 96% of "consumers" Lose their money Trading Options & Futures.
So, why Did Obama Law makers include a Ban of OTC Bullion in the Dodd-Frank Act?
The Dodd-Frank "Bill" was Introduced by The Obama Administration as Government Control and/or Regulation to prevent failed institutions like: AIG, Lehman Brothers and Bear Stearns, who dealt in Risky Trading of OTC "Credit Default Swaps" and "Toxic-Mortgage Backed Securities".
Did OTC Bullion play a role in the Collapse of AIG, Bear Stearns or the Economy?
Of course not, Bullion had nothing to do with it.
If OTC Bullion did Not cause the Financial Meltdown, how important is the Bullion Ban, to Federal Law makers? You
can be the judge...
The Feds Put-Off Regulatory Laws that would govern all “OTC” Credit Default Swaps and “Toxic” Mortgage Backed Securities until December 2012.
Meaning, the Instruments that caused the Financial Meltdown are Completely Unregulated. Yet, the Feds Banned OTC Bullion for All U.S. citizens!
Why Not Regulate firms that trade it, much like they Regulate Series 3 Gold Trading firms?
Both OTC & Series 3 Trading firms deal in Leverage, Finance, and Margin Gold transactions.
What's the difference between OTC Gold Transactions & Fed Regulated (Series 3) Gold Transactions?
OTC is physical Bullion, while Gold futures and options are "paper" contracts, which Can be Exercised for physical delivery...but Less than 1% ever do.
That's what Regulators Count on; Anything different, would Collapse the System.
Think of what would happen if everyone went to their bank and asked for all of their money.
The Dodd-Frank ACT, Banned OTC Retail Bullion (leverage, finance & margin) Transactions, But What else are They After?...
If the Commodity Futures Trading Commission (CFTC) would've got their way, the Ban would include Bullion transactions, Not deliverable within 48 hours. A time line neither Dealers nor Mints could keep; eventually making ALL Retail Bullion transactions illegal by default.
Goldworth Financial among other dealers, were able to lobby congress to keep the long standing 28 day, delivery time frame.
The Dodd-Frank Act, gave the Feds "a foot hold" over Retail Bullion Transactions,..They can always push for a shorter delivery time In The Future.
The one Line of Defense to the Bullion industry is that Fed Controlled transactions, are Limited to CFTC approved Futures contracts. The Long standing CFTC contract size is 100 gold ounces. At current highs of $1,900 per oz., that's $190,000!
An average Investor will not do Numerous 100 oz. Gold transactions.
Meaning, there aren't Enough transactions to Warrant Government Control over all Bullion.
Unfortunately, there's a Dark Cloud in the Horizon.
A New CFTC approved 10 ounce Gold Futures Contract.
The CFTC reviewed (Oct. 2010) and Approved the trading of E-Micro Gold futures contract (MGC); the agency approved the amendment to NYMEX rule 855 (offsetting Different Size futures contracts).The anticipated Effective date is September 12,2011.
Unlike the Full Size 100 oz. contract, the 10 oz. Gold contract Can Only be Exercised for 1/10th ownership of a "PAPER" Gold warrant; Not 10 oz. of the Physical Gold.
The New Government Jurisdiction/Approval of 10 oz. Gold transactions Can be for One of Three Reasons.... You be the Judge
A.) The Feds want to give the small investor the Opportunity to get involved in the Gold Futures market. But Futures are Speculative; involve Leverage and High Risk Margin .Which are the very same reasons the Feds abolished the OTC Bullion market.
Two other Reasons...
B.)Tracking & Taxing Privately Held Bullion.
If you Bought a Gold Stock, ETF or Gold Futures contract, your year-end Account Statement may show a Profit. You will pay a Tax on that "paper" Profit.
If you Bought Physical Gold in 1999 at $270 per oz., today you could be holding Gold that's worth $2,000 per oz. and not have paid a penny in Tax. A profit is only reported when you cash out of Bullion.
For years, government agencies had no jurisdiction and no way to track the physical gold a person is holding and/or Tax the "value gained" at the end of the year.
Could the New Approval of the 10 oz. Gold contract by the CFTC (Federal Agency) AND the Dodd-Frank Act, Specifically Section 742, 2(c)(2)(d) as well as Section 2(c)(2)(e) dealing in Spot Retail transactions.... Change Everything? You be the Judge!
C.) Complete Ban and/or Confiscation of Gold Bullion.
History has taught us that Indebted; Bankrupt Societies have All, in One way or Another, Confiscated Gold from their Citizens.
The most recent U.S. Gold Ban took place in 1933, during the Great Depression. It was Illegal for U.S. citizens to Buy ANY Bullion for 42 years (Dec. 31, 1974).
Does Congress approve a complete Ban of Bullion?
No, it takes the Stroke of a Presidential Pen; an Executive Order can be Enacted during a time of War (war on terror) and during a National (currency) Crisis.
Do you Feel a Crisis coming on?
Fellow Conservatives,
The New Government Ban of OTC Bullion and the New 10 oz. Fed regulated contract,
Is Your Wakeup Call.
Your Freedom and Time to Own Tangible Gold & Silver may be Running Out.
True Wealth Protection, Has Never Been More Crucial.
Post time 22-9-2011 10:03 AM
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