Ask the Gold and Silver Chick! Does Dodd-Frank Outlaw Gold Sales? - Gainesville Coins News
No Minimum order! We accept Pay with Credit Card
Call Us: (813) 482-9300 Mon-Fri 9:00AM-6:00PM EST
Login or Register
Log into your account
About Gainesville Coins ®
Billions Of Dollars Bought And Sold A+ BBB Rating 10+ Years No Hidden Fees Or Commissions All Inventory Ships Directly From Our Vault

Ask the Gold and Silver Chick! Does Dodd-Frank Outlaw Gold Sales?

blog | Published On by
Ask the Gold and Silver Chick! Does Dodd-Frank Outlaw Gold Sales?

This week's question is from a post I received on my Facebook wall. Here it is:

"Have you read the rumor floating about the internet that gold will be forbidden to be retailed after July; read it was contained within the recent Dodd financial bill?"

Interesting question - happy to explain a little bit about what the Dodd financial bill is all about...

First, to answer your question directly: no, hard bullion sales of gold and silver will not be affected.

Regarding: Trading Of Over The Counter Gold And Silver To Be Illegal Beginning July 15 http://www.infowars.com/trading-of-over-the-counter-gold-and-silver-to-be-illegal-beginning-july-15/

You will still be able to buy silver and gold from real bullion dealers like Gainesville Coins!

Here is the actual text of the law: http://www.gpo.gov/fdsys/pkg/PLAW-111publ203/html/PLAW-111publ203.htm

The part of the Frank-Dodd law at issue today regulates futures and leveraged or margin accounts where you only put down part of the money, and borrow the rest.  It might also affect bad industry dealers who take longer than 28 days to deliver.  This will likely affect other bad dealers who offer private forms of leveraged or margined accounts for bullion.

This site uses cookies for analytics and to deliver personalized content. By continuing to browse our site, you agree that you have read and understand our Privacy Policy.