Trading Of Over The Counter Gold And Silver To Be Illegal

[exhuman]

http://www.zerohedge.com/article/tradin ... ng-july-15

[adaseb]

I guess that might burn a few people on here with this news. There is a few regulars on this forum that trade Silver that reside from the US.

The next best thing would probably be to just trade the actual stock on the NYSE. The only problem with this is the small leverage, which is typically 1:3 for stocks and if you are in the USA you need to have at least $25000 in your account to day trade. Or else after 4 daytrades you get banned for 90 days.

Either that or trade the futures contract but with a margin requirement of $20K for a single contract (5000 oz) and a large tick value, it might not be an option for small investors.

I guess the government screwed the people once again.

[bredin]

It appears that the ban applies only to paper metals, one can still deal in actual (ie unleveraged) metals.

G.

[JamesBalfour]

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