[sergeantdave]

“No, it means if you trade gold and/or silver in the Forex market you have to take delivery of the metal.”

Thanks for the answer, Sawdring. So this law is going after the paper traders in gold and silver? I read the linked article but came back with mud in my eyes, meaning it clarified nothing for me.

[Sawdring]

There are a lot of the sections and subsections to read if you want to understand most of the law, but it should just be called the Dollar Protection Act.

[SAJ]

So, don't trade PMs in the forex mkts. This provision, if I understand correctly, ONLY applies to the forex mkts, not to cash (i.e. buy physicals and keep) gold and silver.

Trade the futures. CME Group have a nice little mini-gold contract that is very liquid. Also a 1000 oz. silver contract. Much better leverage AND no need for paranoia unless one happens to believe that CME and CME clearing are somehow about to go tapioca (which belief I will cheerfully fade, if you fancy losing money).

Why trade metals in the forex mkts at all? Sheesh.