Thursday, January 12, 2012

Top German PM Dealer Restricts Gold & Silver Shipments to Italy

Several days ago we advised readers that Italy has introduced capital controls, outlawing cash purchases over 1,000 euros, as well as setting up checkpoints on the borders to search for cash fleeing Italy for the safety of Switzerland.
Apparently Italy is cracking down on the purchase of precious metals as well. 
One of Germany's top online PM dealers GP Mettalum is advising Italian clients that they will no longer be shipping gold or silver to Italian addresses for the rest of 2012!  In an email to clients dated 1/10, the German firm advises Italian clients that they 'may possibly begin shipping to Italy again on 1/1/2013'!