Yes, but some have transferred the bullion to holdings in the uk and Germany. And those countries have too.
A lot is in the USA, but not all. Holding an asset, even in a failed country (which is highly unlikely, by the way) is still a viable asset.
The fact that you think the USA could claim privately held assets as government property is precisely why some people want to hold gold rather than cash in an account which can be seized digitally.
What do you mean “holding” an asset? If they aren’t holding it within their borders in their own vaults then it’s just paper. The US can just say “that’s ours now” and steal it, it’s no more a viable asset than the oil being stolen from Venezuela.
Worse, if they pull their gold out too fast it might cause the US to react by locking the vaults anyway.
It’s a rock and a hard place. They fucked up by ever trusting the US.
Are you talking about individuals or states at this point? Or varies for each and I agree, outside their borders, for states, it is riskier. However, they are shuffling their hokdings to manage that risk. As are people, which was my point.
I don’t think they messed up by trusting the US. It was safe and stable for a prolonged period. They fucked up by not recognizing the risk once trump term 1 started.
Yes, but some have transferred the bullion to holdings in the uk and Germany. And those countries have too.
A lot is in the USA, but not all. Holding an asset, even in a failed country (which is highly unlikely, by the way) is still a viable asset.
The fact that you think the USA could claim privately held assets as government property is precisely why some people want to hold gold rather than cash in an account which can be seized digitally.
What do you mean “holding” an asset? If they aren’t holding it within their borders in their own vaults then it’s just paper. The US can just say “that’s ours now” and steal it, it’s no more a viable asset than the oil being stolen from Venezuela.
Worse, if they pull their gold out too fast it might cause the US to react by locking the vaults anyway.
It’s a rock and a hard place. They fucked up by ever trusting the US.
Are you talking about individuals or states at this point? Or varies for each and I agree, outside their borders, for states, it is riskier. However, they are shuffling their hokdings to manage that risk. As are people, which was my point.
I don’t think they messed up by trusting the US. It was safe and stable for a prolonged period. They fucked up by not recognizing the risk once trump term 1 started.