Common Sense, Congress, and Congolese Gold



Whatever your political persuasion, you need to wake up and take notice of the recently enacted Wall Street Reform and Consumer Protection Act. More than that, you need to put your congressional representatives in the House and the Senate on notice that you are unhappy that this bill contains a section that will make your life more difficult. Section 1502 requires that manufacturers listed on American stock exchanges verify that the gold in their inventory does not come from the Democratic Republic of the Congo. The expression about the camel’s nose under the tent is appropriate here.It is not hard to envision the entire retail and wholesale community being coerced into verifying that the gold in their inventories comes from sources that do not use Congolese gold or that it comes only from approved mines in the Congo. The Politically Correct Crowd is doing it once again.The objective o
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