Retail Gold Sales Dropping Rapidly




I just got back from Madrid. I looked around for a place that sold gold. I could not find one. This is indeed very curious.



REPLY: There is a growing trend to regulate gold coin sales to the public. In France, you cannot pay in cash; everything must be reported. The French were traveling to Brussels to buy or sell gold, and then France complained about that. Gold coins sales from the bullion mints of Australia and the United States fell in April and May. The U.S. mint reported a 27% drop in May, following a 37% decline in April. This is all part of the process for the final decline. But these regulations are becoming a great concern for the future, for if governments try to stop gold sales to the public, it will be a means of hiding money that they want to get their hands on.