re gold, an observation, that in the few (china, hong kong, singapore, switzerland, maybe others i do not know about) jurisdictions where bank depositors can exchange bank deposit for physical, or physical and paper gold at the same bank, the process has become more tyrannical, in that
- banks are disallowing cash transactions (meaning one must first deposit the cash into an account / debit the account to buy the gold from same bank, whereas before anyone including non-bank customers can buy, and then for a time one must be a bank customer in order to buy albeit allowing cash transactions)
- banks are only allowing sell-back if the resulting proceeds are first deposited to the account as opposed to straight to cash
- banks are placing limits on daily sell-back quantities (so presumably one cannot cash in and run)
at this rate, at some juncture hemp would be legal and gold not.
at that juncture gold goes to unobtainium price, but cannot be traded except a mining operation, i guess.
in australia, there is such an entity as 'gold police' en.wikipedia.org and they enforce the laws and regulations to do with gold mining.
odd that there is no such entities for other metals, such as tin police, zinc army, lead squad, etc etc
guess gold is not just a quaint historical artefact etc etc |
