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Thread: Dodd-Frank Bill Contains Provision that May Lead to Tracking of All Gold Coins

  1. Post #1

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    Harvurd Koleej Jeenyus GOLDZILLA's Avatar
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    Default Dodd-Frank Bill Contains Provision that May Lead to Tracking of All Gold Coins

    http://wDodd-Frank Bill Contains Provision that May Lead to Tracking of All Gold Coins

    by Robert Wenzel
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    </td> </tr> <tr> <td width="15"> </td> <td> </td> </tr> </tbody></table> The Dodd-Frank Financial Reform Bill contains a provision that requires companies buying gold and other minerals to submit an annual report outlining what they are doing to ensure their minerals are "conflict-free."
    Most of the focus on this provision, to date, has been on the ramifications for high tech companies such as Apple and Intel. But the provision goes beyond the minerals used in high tech equipment, such as cobalt, copper and tantalum. Gold is also on the list.
    The Bill requires that manufacturers report where they purchased their minerals to ensure that they have not been purchased from "conflict zone" countries, which include Congo and neighboring countries.......






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    Default Re: Dodd-Frank Bill Contains Provision that May Lead to Tracking of All Gold Coins

    Quote Originally Posted by GOLDZILLA View Post
    The Bill requires that manufacturers report where they purchased their minerals to ensure that they have not been purchased from "conflict zone" countries, which include Congo and neighboring countries......
    Why would gold American Eagle coins be tracked? They are minted only from gold mined in the United States thus there's not the "conflict zone" countries possibility.
    Just asking.

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    I'd rather be Ragnarok's Avatar
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    Default Re: Dodd-Frank Bill Contains Provision that May Lead to Tracking of All Gold Coins

    It's called "a foot in the door".

    R.
    "Walk the gold trails of my good friend, do I. On my feet are "strong sole" of thick leather, purchased with much knowledge of physical gold. These shoes not go bare before our journey is done. On trail I see your "thin sole" gold investments cast aside and scavenged by beasts." - ANOTHER (THOUGHTS!) (04/14/01; 18:08:54MT - #: 51887)

    Personal best on calm water: SAE - 32 skips. GAE - 21 skips.

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    Default Re: Dodd-Frank Bill Contains Provision that May Lead to Tracking of All Gold Coins

    Quote Originally Posted by Ragnarok View Post
    It's called "a foot in the door".

    R.
    I understand "foot in the door" but I don't understand why gold coins would be tracked when raw minerals from "rogue" countries is tracked. Coins from the mints of the USA, Canada, or Mexico are not using gold from "conflict zones" so any attempt at tracking them under such pretenses would be met with legal challenges and, presumably, defeated.
    I may be naive so tell me where I am missing the point.

  5. Post #5

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    Gold Member earplugs's Avatar
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    Default Re: Dodd-Frank Bill Contains Provision that May Lead to Tracking of All Gold Coins

    how about conflict-free oil? ZING!

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    Default Re: Dodd-Frank Bill Contains Provision that May Lead to Tracking of All Gold Coins

    Be careful out there; IT is a jungle.

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    Master_Ho (07-29-2010)

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