Market gurú Bill Bonner said: "Defaults, devaluations, hyperinflations — the Argentines have seen it all."
Now the local IRS ( AFIP) will ban "hoarding" foreign currency > for savings. You will have to ask for a specific purpose to access foreign currency. Total orwellian state.
I guess this will finally push the sheeple to find other alternatives, like argentinian gold or "Argentino oro" ( like the argentinian version of the gold eagle. coins from the XIX century)
tOTAL FINANCIAL repression in Argentina.
Now if we want to buy foreign currency, the state will ask you "what do you want it for?"
we can´t buy foreign currency freely from some months.
There is a bank run and dollars deposits are crashing big time in Argentina
The fiscal situation is getting weaker.
spanish link: http://www.ambito.com/noticia.asp?id=639797
We can´t buy foreign currency or imported gold if we don´t check our "economic capacity" at the local IRS website. OF course, most of the people is not allowed by the government to buy foreign currency.
related thread:
http://www.godlikeproductions.com/forum1/message1892390/pg1
I believe the Argentinian government will soon take aggresive controls against gold coin -gold bars sales. There are not much silvertards in Argentina. There is no market. There are no financial institutions selling silver bars or silver coins. Very sad country to be a silvertard like me!
I still can get some silver shots or "granalla".
Learn from our experience. We have seen it all. Get your wealth to tangible - portable assets . The kind of assets governments can´t confiscate easily.
For me, it means > let´s get more physical than ever.
Good luck and God help us all.
Strongman Shelford.
MUST READ ARTICLES for Silvertards. From the argentinian bank analyst who has already been there when it hit the fan...twice
Ideas and comments from a unique perspective from the analyst who has already been there when TSHTF...twice.
Delicious collection of must-read silvertard articles.
email:strongman.shelford@gmail.com
Delicious collection of must-read silvertard articles.
email:strongman.shelford@gmail.com
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