deleveraging pushes up usd - peter schiff, page-9

Geez Fix,

You've left yourself wide open for a counter punch with that.

"They did pay currency for the confiscated gold btw."

Yes they did. They paid US$ for the gold that Americans handed in.

Then, once they had it, they devalued the US$ instantly increasing the value of the handed in gold up by 40%!

The increased value accrued to the Government - the citizens lost 40% of their 'worth'!

2. Bullion coins have no serial number/identification mark upon them.

3. Once you reach a certain weight/value, ingots have a serial number imprinted on the metal. I would really doubt that there is any register kept for the smaller weights at the very least (ie bullion less than 2 kg for gold, and 100 kg for silver) - but that's just guesswork on my part.

fwiw

dub