Why am I, as a US citizen/resident, not allowed to trade XAG? I know it's some rule the SEC made up because they thought it would be fun. But, is there any real rationale behind it? Because it seems just as arbitrary to me as you can only trade 3 times per 5 days unless you have 25k in your brokerage account.
YouAreNotFree
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Welcome to big government.
Next time you have the opportunity remember this crap and vote Ron Paul.
Imo they regulate like this largely just because they can.
Next time you have the opportunity remember this crap and vote Ron Paul.
Imo they regulate like this largely just because they can.
wackypete2
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The free market system is only free if you are paying for the privilege .
Peter
Peter
If I had X million dollars I could buy a small apartment in Europe somewhere and claim residency there and have no problem. Maybe even vacation there occasionally. But solely based on the fact I don't have the pocket change to do that, screw me. This sucks because I don't get the rest of the currency pairs, but I understand silver pretty well. Unlike with aud/usd or eur/usd I can actually profit with xag/usd.
Maybe I should just pack it up and move to Europe. Where's a cheap place? Is Greece cheap?
YouAreNotFree
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The free market is in one part about free choice. Like the freedom to trade Silver if you wish, or trade more than 3x per week with whatever you have in your account.
But the government says 'f*ck you peasant. You don't trade Silver and you don't trade more than three times per week unless you have at least 25k'.
This, despite there being two willing parties who would otherwise enter/ facilitate these transactions.
Totally unnecessary.
But the government says 'f*ck you peasant. You don't trade Silver and you don't trade more than three times per week unless you have at least 25k'.
This, despite there being two willing parties who would otherwise enter/ facilitate these transactions.
Totally unnecessary.
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The thing is that I have enough capital to fill a 25k account, but I don't want to risk that much money. Just a few thousand, maybe I won't get rich quick, but I'm not so deluded to think that some dumb schmuck like me can outwit wall st pros for more than a few shekels.
YouAreNotFree
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I just remembered, US politicians are legally allowed to trade on inside information.
The peasants can only trade three times a week though, and who knows maybe on one of those three occasions when the masters so graciously allow the underlings to have a punt, they will be on the opposite side of them and their inside information.
Wouldn't that be just peachy?
The peasants can only trade three times a week though, and who knows maybe on one of those three occasions when the masters so graciously allow the underlings to have a punt, they will be on the opposite side of them and their inside information.
Wouldn't that be just peachy?
Most of the countries keep US Dollar as their international reserve currency for international trade and commerce. Now countries like China, Brazil, India and Russia have huge US Dollar reserves. These countries are converting these Dollar reserves into gold bullion in the international market. The supply of gold is limited. So this huge demand is driving the prices up in the market.
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