Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (54565)	10/21/2004 5:07:24 AM
From: Taikun	Read Replies (2) of 74559

EP, Yep, that looks like the start. "Our concern is, do the money service businesses here really know who they are dealing with abroad" The issue is money laundering and means of covert financing. Replace: 'money service' with 'PM services' ('Kitco', 'GoldMoney') Delete: abroad Now you could face serious registration requirements to deal with Kitco, GoldMoney. I am seriously considering closing my Kitco account. I have already stopped buying any more paper PM. I think one day there will be a letter from Kitco, coming from the 'Treasury Department's Financial Crimes Enforcement Network'. From that point on they'll want your SSN, copies of passports and so on. The spectre of forced conversions of PM to the US Peso will loom large. Why do that when I can store my gold somewhere like www.bordergold.com. Too much risk in the US that I now need to remove from my portfolio ASAP. David

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