WILL THE US CONFISCATE GOLD...But the confiscation by Roosevelt in 1933 was a totally different situation and not comparable with today. At that time, the US was in a depression and the dollar was tied to gold. The economy was under pressure and the US government decided that the dollar needed to be devalued. A dollar devaluation automatically meant a revaluation of gold since the two were totally interlinked. But FDR decided that the US holders of gold should not get the benefit of a revaluation. Thus gold was confiscated and then revalued from $20.67 per ounce to $35. Gold in bank safe deposit boxes was taken but many Americans hid their gold at home. Gold held outside the US was not confiscated.
..... With the epicentre of the gold market moving to China and the East, it is very unlikely for the US and the West to confiscate gold. This would precipitate the fall of the dollar and the Euro and substantially weaken the US and EU positions and their economies.
CENTRAL BANK AND BULLION BANK GOLD IS LOST TO THE EAST... So instead of staying in London or New York, the central bank has now leased the gold to a bullion bank which has sold it to China or India. The result is that the bullion bank no longer has the physical gold and all the central bank has is an IOU from the bullion bank. This means that the physical gold is permanently lost by both the bullion bank and the central bank. It will never return.
CHINESE GOLD..When China announces a gold-backed yuan, which is not unlikely, they will declare their 20,000+ tonnes and then challenge the US to prove they have the 8,000t. This will lead to some interesting exchanges of aggression, hopefully only verbal.
Yer İmleri