Central Banks Going To War With Personal Gold Ownership

Let’s see, will there be an epidemic of “gold addiction” or “gold violence” to justify confiscation? It would have to be for our own good of course. Anything to keep the peasants chained to the tool of their enslavement, fake money.    Fake money for rent, no less.

Owning gold is a way to get out of this “debt trap”, but governments don’t want you to own gold, especially in Germany

Germans, like Indians and Chinese, love their gold – although their reasons for buying and keeping bullion are somewhat different.

In China and India, gold jewelry is a status symbol – a sign of wealth and success. In Germany, owning gold bars and coins, maybe a 24-karat necklace or two, is a means of preserving wealth, especially in times of war or economic crisis, something never far from Germans’ minds, considering their history.

Indeed the “war guilt” Germans experience over the atrocities of Nazi Germany is accompanied by fears that their government could again lose control of fiat money, as the Weimar Republic did in the 1920s, leading to devastating hyper-inflation. …

While the populations of China and India are known for liking physical gold, Germany flies under the radar. An astounding +26 million Germans have investments in gold bars and coins. In fact far more Germans have savings in physical gold than in the stock market – a statistic hard to imagine in the United States or Canada. …

Gold fans may also be surprised to know that Germany’s central bank is loaded up with more bullion than any other’s, except for the United States, 3,366.8 tonnes versus 8,133.5t held by the US Treasury, most of which is in Fort Knox, Kentucky.

A four-year plan to repatriate 674 tonnes of German gold held at the Banque de France and the Federal Reserve of New York was completed in 2017.

Yet these facts and figures indicating strong gold buy-in are incongruous with a new German law that severely limits the anonymity of citizens’ gold purchases. In this article we are asking, “Why are Germans lining up for gold?”

Until January 1, 2020, the maximum amount of gold an individual could purchase in Germany, without disclosing personal information, was €10,000. However in response to a European Union directive targeted at money laundering and terrorist financing, the German government set a new, far lower limit of €2,000. …

https://safehaven.com/commodities/precious-metals/Why-Germany-Is-Going-To-War-With-Gold.html

Treasury Secretary Seeks to Reassure Everyone About Ft. Knox Gold

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