Does that mean we can no longer go to the coin shop and buy silver coins?
Not that I have anything to buy silver coins with . . . just asking.
Not sure as I have not read the bill yet.
“Does that mean we can no longer go to the coin shop and buy silver coins?”
The short answer is NO, you can still buy at coin shops.
What this does is only allow “approved” people to buy and sell in one market, the FOREX market. The FOREX market is where people sell currencies, of which gold and silver are a part of this.
The bigger implication is that only the “big boys” will be able to play the futures game at this market, the “retail investor”, aka Joe and Jane Doe, won’t be allowed to.
This will allow the big boys to play and bet on moves of gold and silver, and have more manipulation room to do it in. It will maybe push more smaller investors into the ETF GLD and SLV shares, which any goldbug or silverbug don’t touch because these ETF’s don’t have real physical behind them.