I sold my usd a week ago and am avoiding gold for that very reason. Trump always reacts in extreme ways and if the dollar tanks, seizing the world’s us held gold and charging a storage fee, or massive costs to transfer are absolutely on the table.
“We’ve been paying to protect their gold and it’s really, they should be paying us to hold it, it’s been free, American loses billions a year, trillion if you addi tip, just storing it. It’s time they pay. We have it, they want it. Pay us. It’s a really good deal, we could just sell it to someone else. Maybe we will. I hear Russia needs gold.” Or some such nonsense.
Trump always reacts in extreme ways and if the dollar tanks, seizing the world’s us held gold and charging a storage fee, or massive costs to transfer are absolutely on the table.
If that happens, gold will become much more valuable than it is now.
Yeah, a sudden artificial scarcity of gold because the US government is witholding other people’s gold isn’t going to make the price fall, quite the contrary.
That said, best not to invest in Gold that’s physically stored in the US be it directly (you own it and it’s in a US location) or indirectly (such as Gold ETFs whose physical Gold is stored in the US).
I sold my usd a week ago and am avoiding gold for that very reason. Trump always reacts in extreme ways and if the dollar tanks, seizing the world’s us held gold and charging a storage fee, or massive costs to transfer are absolutely on the table.
“We’ve been paying to protect their gold and it’s really, they should be paying us to hold it, it’s been free, American loses billions a year, trillion if you addi tip, just storing it. It’s time they pay. We have it, they want it. Pay us. It’s a really good deal, we could just sell it to someone else. Maybe we will. I hear Russia needs gold.” Or some such nonsense.
If that happens, gold will become much more valuable than it is now.
Yeah, a sudden artificial scarcity of gold because the US government is witholding other people’s gold isn’t going to make the price fall, quite the contrary.
That said, best not to invest in Gold that’s physically stored in the US be it directly (you own it and it’s in a US location) or indirectly (such as Gold ETFs whose physical Gold is stored in the US).