Real Silver Still Legal!

(And probably will remain legal for a long time to come!)

Silver Stock Report

by Jason Hommel, June 20th, 2011

Trading Of Over The Counter Gold And Silver To Be Illegal Beginning July 15

You will still be able to buy silver and gold from real bullion dealers like the JH MINT.

Here is the actual text of the law:

The part of the Frank-Dodd law at issue today regulates futures and leveraged or margin accounts where you only put down part of the money, and borrow the rest.  It might also affect bad industry dealers who take longer than 28 days to deliver.  This will likely affect other bad dealers who offer private forms of leveraged or margined accounts for bullion.

One quick and easy way to show that gold and silver trading are not being made illegal in the USA is to watch the US Mint.  As long as they continue to offer gold and silver coins for sale, then you can bet that buying US Mint products will be ok.

There is a lot of confusion out there on the internet about this, as said it will affect "over the counter" trading.  But in the bullion world, terms almost never mean what they sound like they mean.  It will not affect sales of bullion over my counter.

Others are comparing this to the FDR confiscation of 1933, that never really was a confiscation, but only a recall. 
Read my latest article on confiscation, here:
Confiscation  May 14th, 2010 

In sum, the real confiscation today takes place through money printing.  The us government is on pace to print a brand new $1.6 trillion this year, which is $1600 billion.  They are not interested in confiscating the worldwide $30 billion of silver production; at least, not yet.

But back to today's topic:  What will be the result of the new Frank-Dodd rules?

In my opinion, it looks like they are shutting down a large portion of fraudulent metals trading.  The people who want to buy silver and gold are now more likely to consider buying the real things if they want exposure to rising metals prices, which will likely move prices up.

As an example, one man recently calculated that the daily trading of precious metals was 250 times as much as how much real silver is purchased for investment each year.  Shutting down the paper trading means that real trading will be more likely to take up the slack.

Real silver is not a promise to pay, but rather, when you buy it, you don't have any kind of promise, but only the real thing.

Again, we ship out about 99% of our bullion sales the very same day that it's paid for by the customer.  In our opinion delays are unacceptable in the bullion trade, unless you are ordering such large amounts that it has to be manufactured to your direct specifications.


Real bullion sales are slowing down right now, which I attribute to the dip in silver prices, and then the relative stability in prices.  Everyone says they want to buy on a dip, but so few manage to over come emotions, and buy on the actual dips. 

Also, our price premiums over spot are among the lowest ever, as the wholesale market has dropped prices, and we are actually buying a bit more from the public than usual.  So, now is a perfect time for you to buy.

See our prices at

Oh and by the way, Ron Paul and Judge Napolitano for President!


I strongly advise you to take possession of real gold and silver, at anywhere near today's prices, while you still can.   The fundamentals indicate rising prices for decades to come, and a major price spike can happen at any time.

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JH MINT & Coin Shop, Grass Valley, CA -- minimum order $5000 for free shipping, USA shipping only.
Open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends and bank holidays.
(530) 273-8175
Kerri handles internet phone orders:
(530) 273-8822


    Jason Hommel