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Promising to Buy Gold And Silver In Future
What is the ruling with regard to a promise to buy or sell either gold or silver at some time in the future?
A promise to buy or sell gold or silver in the future opens the door to the sale of debt for debt which is prohibited. A contract for the sale of gold and silver may only be enacted on the basis of a direct mutual receipt of the gold on one side and the price for it on the other, at the same place and at the same time.

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