France Bans Cash Sales of Gold - Silver Over 600

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France Bans Cash Sales Of Gold & Silver Over $600

Posted By admin On September 26, 2011 @ 3:51 pm In Featured Stories,News In Focus,Paul

Watson Articles,Tile | 23 Comments

Europe moves to deter citizens from preserving their wealth.

Paul Joseph Watson

Prison Planet.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 governments announcement[1] 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.

A recently amended French law states[2] (translation), Any transaction on the retail

purchase of ferrous and non ferrous (metals) is made by crossed check, bank or postal

transfer or by credit card, not the total amount of the transaction may not exceed a ceiling

set by decree. Failure to comply with this requirement is punishable by a ticket for the fifth

class, going on to confirm that any amount over 450 euros or $600 US dollars must be

paid by bank transfer.

According to independent reports the law was passed to curb the illegal sale of stolen metals

like copper, steel, etc. Given the rampant rise in thefts of these metals from telephone poles,

construction sites and businesses here in the United States, we can certainly see this as a

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reasonable assessment for why the French passed this law,writes Mark Slavo[3].

However, the fact that no exception was made for gold and silver simply cannot be ignored.

The new law effectively makes it illegal to purchase even a single Troy ounce of gold or

around 18 ounces of silver in cash.

A d v e r t i s e m e n t

$600 USD isnt even enough to purchase a half ounce of gold. This guarantees that citizenswho are trying to transfer their savings over to precious metals will be known to the

authorities, leaving them vulnerable to government confiscation of their gold and silver later

on down the line, as happened in 1933[5] under FDR.

Why are central banks and governments in Europe so eager to make it as difficult as possible

for citizens to buy precious metals? Its largely because unlike every other financial

commodity, they dont have the market completely under their control, and cannot tolerate

the idea of people having true power over their own economic destiny.

Secondly its because the great foundation stone of the globalists plan to create a federalized

European superstate and the template for a future world currency the euro is crumbling

amidst the debt crisis that has engulfed the continent. With eurozone members already

preparing to abandon the single currency, the last thing the EU wants to see is Europeancitizens of key member states like France doing the same thing by exchanging their euros for

gold and silver.

The bottom line is that the central banks which run the world dont like the slaves owning

anything that they cant manipulate the value of it undermines their power monopoly.

In a related development, the London Gold Exchange, an international digital currency trader

which has over 100,000 members, announced today[6] that it is permanently closed for

business due to operational difficulties.

The LGE provided a service whereby it exchanged fiat money for digital currencies stored in

online user accounts, including c-gold, Liberty Reserve, Pecunix and v-money.

*********************

Paul Joseph Watson is the editor and writer forPrison Planet.com[7]. He is the author of

Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show.

Article printed from Prison Planet.com: http://www.prisonplanet.com


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URL to article: http://www.prisonplanet.com/france-bans-cash-sales-of-gold-silver-

over-600.html

URLs in this post:

[1] Following the Austrian governments announcement: http://www.shtfplan.com

/precious-metals/banks-governments-move-to-restrict-personal-gold-bullion-

purchases_09092011

[2] A recently amended French law states: http://www.legifrance.gouv.fr

/affichCodeArticle.do?idArticle=LEGIARTI000020861826&

cidTexte=LEGITEXT000006072026

[3] writes Mark Slavo: http://www.shtfplan.com/headline-news/tightening-the-noose-

france-bans-cash-sales-of-goldsilver-bullion-over-600_09232011

[4] Image: http://rotate.infowars.com/www/delivery/ck.php?n=a44dee25&

cb=1654322

[5] as happened in 1933: http://en.wikipedia.org/wiki/Executive_Order_6102

[6] announced today: http://www.londongoldexchange.com/maintenance/

[7] Prison Planet.com: http://prisonplanet.com/

Copyright 2008 PrisonPlanet.com. All rights reserved.


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France Bans Cash Sales of Gold - Silver Over 600