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Message Subject CURRENCY WARS are here. AND SO IT BEGINS. Venezuela, FULL attack from Japan, Argentina, Hollande also in. who is next?
Poster Handle ehecatl
Post Content
Wait a minute which is it ? you said it was illegal in one post and then in this post and then in one of your other posts you say you can get local Gold but it's not considered currency. Which is it dude ?

Explain it for us non-Agentinians in some form we can understand Thanks!
 Quoting: Anonymous Coward 33034699

ok . english is not my native language and this is a bit complex ... let me try again:

1) the government BANNED official gold sales for "hoarding" which means noone can go to a bank and buy bullion.
no foreign currencies are allowed for "savings". only under specific conditions and requirements ( you need to be approved by the argentinian version of the IRS called AFIP)

2) there is one bank which is recycling local gold and selling bullion. this is not considered "foreign currency" and it is not a currency since is gold .999 and not gold .9999

3) there is a black market for gold and silver of course.
 Quoting: Strongman Shelford


I think that it means that perhaps especially in Latin countries, those who hold something that gets banned stand to gain the most.

If they ban gold or silver, it is those who hold gold and silver who will profit even more.
 
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