Gold buying restrictions have begun

This looks suspiciously like a prelude to an EU-wide tax on gold, yes?

According to gold experts, "margin calls" have been significantly increased, so making the holding of gold stocks disproportionately more costly for the small investor.

That's what caused two of the recent gold sell-offs - shaking small private investors out of the tree.

Now, these EU countries are ensuring that gold cannot be traded for cash - it must be traded electronically, so that a bank can clock the deal.

Now that the bank knows you've got gold, it can direct the government's tax nose to your pot of gold, when it wants more of your money. After all, it already has access to your bank account, so it can just lift a government-decreed levy from your funds with the click of a mouse. These boys sure are greedy.

I wouldn't be surprised if the morally leprous EU latched onto this as another great way to fleece the public - while their printing presses churn out more worthless fiat currency.

A gold tax would be accompanied by some fairy story claiming that government must curb gold sales to "safeguard the global monetary system". Said Alice.


I give it a year.