GOLD 0.51% $1,391.7 gold futures

Gold vs. Fiat vs. Crypto, page-25

  1. 33,058 Posts.
    lightbulb Created with Sketch. 1393
    With seriously low GP there's risk of it falling into the 'wrong' hands and there being a huge transfer of wealth.
    =================================================

    How can gold fall into the wrong hands and there be a huge transfer of wealth? There isn't enough gold in the World for any villains to go on some kind of spree to derail the world economy or indeed any major economy.
    No one cares about gold and there's no regulations against accumulating it. It's like saying that if someone acquires enough beef animals there's going to be some kind of economic consequences. The price might go up, but that's about it.

    Even the amount of gold the USA owns is infinitesimal compared to its GDP and the gold has no useful purpose. If it disappeared tomorrow, nothing would happen.
    Last edited by Skol: 01/04/19
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.