You are now banned from owning gold in argentina

Wow.

YOU STILL ALLOWED TO SNORT COKE?

:money:

WOW!

Argentinians had better be Silvertards!

I don't think that you are banned from owning gold but you are now banned from buying, importing, and/or exporting it.

The link OP gave is pretty much saying that gold has become more popular as "money" than fiat paper currencies, so they are regulating the purchase and sale of gold by the people for foreign exchange purposes. Sounds to me that Argentinians know very well gold has the better value over fiat paper currencies and their government is now regulating any personal gold hoarding because they are having liquidity problems.

Google translation sucks.. what does the article say?
Do we have another source? apparently google doesnt manage to translate this properly.

thanks for that sumerize.

[link to translate.google.com]

After the elections I'm sure they'll either heavily tax the sale of gold or they'll make it illegal to own here in the USA. People here are so dumbed down be the tv set. I can't even talk to people who watch tv.

can't read spanish. Will go by replies on this thread

FINALLY!

dork....

...or another way to spin it is that criminal enterprises do not like competition. So, they do anything they can to stop it be it murder, confiscation or arrest.

In the US printing paper that looks like other paper is a crime. They call it "counterfeiting" when, in reality, the fed reserve does it all day every day.

In this case, they don't want YOU hoarding gold because they are.

In the US they don't want YOU running drugs because the CIA is.

In the US they don't want YOU running guns because the DOJ is.

Its simple: Governments always exempt themselves from what they prohibit. It is because government is the most dangerous thing created by man. Don't fear murder, or poverty or torture, just fear government. It is the root cause of those aforementioned horrors. If there is poverty, government makes it worse. If there is crime, government wants its cut. If there are drugs, guns, war, famine, etc, government wants in on it.

IN FACT!!! If there is not crime, drug smuggling, guns, war, etc, government will start it up because there is no need for government minus those things.

There is little in government that is not self-serving and/or evil.

Less government means less of all the things that you hate and less of all the things that make life miserable.

...unless of course you're part of the 47% that don't pay taxes and the rest of us support. If that is the case, then, FUCK YOU! Get a job.

Yes but the bubbles tickle...

Hehehe!
Argentina has now a record of people travelling arround the world doing turism and you belive this bullshit???
Hahaha!
Aerolineas Argentina today has duplicated their flights to miami and punta del este. But the media still talking about argentinean people cant go out of their own country...
Now I start to understand all the lies about Venezuela. The media will keep liying untill the people who is in the goberment start to do the things that they want...
Argentina economy still growing above 5% per year since 2003,and the next year will grow about 4,4%....
But cause we have a goverment eho is taking away the dollar from our economic systen, they are bad, soooooo bad!!!
Hahaha!

...and selling it, which makes it worthless.

I can't either it's like their brain is done.

This is one of the most intelligent replies I've seen in a long time.

Agreed I hate tv

The top part says: Banks and Currency Exchange Offices export gold that they can no longer sell in the country.

People traveling to foreign countries can only buy the currency of the country that they are traveling to from the currency exchange offices. Even though gold is considered a currency by the Federal Administration of Public Funds (AFIP, tax agency), no country uses it as currency. For that reason they have blocked the sale of gold, and they are considering returning it to Switzerland or the US.

Well the story that OP posted appears to be about the foreign owned gold sellers from the US and Switzerland in Argentina that now cannot sell their gold and are "considering", sending the gold back to their home countries.

Although the subject probably entails the other things mentioned in this thread.

The "big elephant in the room" though, that the Argentinian poster mentioned is that most major Latin American countries such as Argentina, Peru, Venezuela, Mexico, and others, have been experiencing for many years now steady strong economic growth, and it seems that all TPTB of the US are set on psyops to scare people off from these countries. I guess that is because it leaves so much more opportunity for those of us who see through the disinfo.

Personally I don't know what Argentina is up to about this gold issue, it does not sound good, but the general strength of its economy is very good from what I understand. The US used to have the same law before the 1970's, didn't it?

I have seen how countries such as Mexico maintain protectionism, such as import duties, while the US reciprocates with Jimmy Carter's "free trade". Mexico makes a bundle on this one sided arrangement and I applaud Mexico for this as one of the wisest things about their policy.

It could be that Argentina notices how other countries are taking advantage of them through the gold trade, so this has more to do with foreign protectionism, but I don't know and surely there are many sides to the issue.

(Argentina's name means "The Silver Nation" after all.)

I guess what I am saying (not being heavily invested in gold), is that there are many other materials to invest in other than gold, and I am not so quick to assume the worst in relation to the Ag government decision.


I could go on and on posting about the advantages of Latin countries these days, and I have at times, but I generally keep my mouth shut, because sharing this information does not do me any good, and wealthier more invested people are even more intent on not sharing the secret.

Last Edited by ehecatl on 09/23/2012 10:56 AM

Agree; well said.

Por otro lado se descarta que el Banco Central pueda llegar a comprar ese remanente. La entidad que conduce Mercedes Marcó del Pont es la máxima tenedora del metal precioso ya que cuenta con 62.000 kilos de oro, lo que representa entre el 6 y el 7% de las reservas, pero en ese banco central señalan que;las compras de oro se hacen por canales exclusivos para bancos centrales y resulta imposible desde el punto de vista legal comprarles el remanente a aquellas entidades locales que quieran venderlo.

my translation-
On the other hand one must disregard that the Central Bank could come to purchase this remainder. The entity who manages Mercedes, Marco del Pont (DuPont relation?), is the largest holder of the precious metal, with 62,000 kilos of gold, which represents 6% to 7% of the (national) reserves, but that at the central bank they indicated that the purchases of gold would be made through exclusive channels of the central banks, which makes it impossible, from the legal point of view, to purchase the remaining gold from those entities which would want to sell it.

Last Edited by ehecatl on 09/23/2012 11:31 AM

It looks like you are not banned from owning it.

Just buying or selling it, and probably a jewelery exception I would imagine, no?

National laws like this have as many loop-holes and back doors as a spaghetti strainer, remember.

you're
not
your

moran