Sale of Gold forbidden in Argentina

[Mageant]

"Banks and Currency Exchange Offices export gold that they can no longer sell in the country.

People traveling to foreign countries can only buy the currency of the country that they are traveling to from the currency exchange offices. Even though gold is considered a currency by the Federal Administration of Public Funds (AFIP, tax agency), no country uses it as currency. For that reason they have blocked the sale of gold, and they are considering returning it to Switzerland or the US."
http://www.cronista.com/finanzasmercados/Bancos-y-casas-de-cambio-exportaran-el-oro-que-ya-no-pueden-vender-en-el-pais-20120911-0050.html
http://www.godlikeproductions.com/forum1/message1997673/

Time for Bitcoin?

[1714943085]

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[1714943085]

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[1714943085]

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[1714943085]

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[1714943085]

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[Stephen Gornick]

Time for Bitcoin?

Argentina is becoming the poster child for capital controls:


2012-09-14 - Inversor Global - "I would put my savings into bitcoins"
 - http://bitcointalk.org/index.php?topic=110075.0
 - http://www.igdigital.com/2012/09/yo-pondria-mis-ahorros-en-bitcoins/


Argentina Begins Tracking All Credit Cards
 - http://www.forbes.com/sites/jonmatonis/2012/09/04/argentina-begins-tracking-all-credit-cards/

[allthingsluxury]

That won't stop people from trading it. Gold and Silver is one market that is incredibly hard to shut down. Since it is like transacting in cash. It holds a large amount of wealth in a incredibly small space. Making it very easy to smuggle.