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Germany also continues to take back gold.
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cfdr
Posted 11/23/2014 12:50 (#4196130 - in reply to #4196018)
Subject: RE: Missing the Point


Ah, but - when the government forced people to exchange their gold for an equivalent amount of monetary money, what happened next? Wouldn't the opportune time for something like this be just prior to issuing a new currency? I think it is safe to say that the next currency will probably be electronic - right? Then they have complete control. IMHO, wouldn't that be the time for any "confiscations" or for debt defaults (of one kind or another)?

Again - I'm not against owning some gold. I do think it is a mistake, however, to use gold like many people use religion. It is a mistake to ignore the (to me) obvious risks of gold ownership.
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