Saturday, September 17, 2011

Austria restricts gold purchases?

I would like to see verification of this story. On the face of it seems a bit daft as Austria shares multiple open borders with countries without this restriction and of course there is offshore dealers such as ABC Bullion that wont be impacted be this law.

VIENNA (Commodity Online): A newly enacted Gold policy in Austria that restricts the free purchase of gold by individuals may just be the start of a European policy shift that might border on infringing an individual’s financial freedom.

-As per the new Austrian policies, individuals who wish to purchase gold will be restricted to purchase only 15000 Euros worth of gold at a time making gold an officially “restricted” commodity.

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