Loading ...Some people think this could happen again. During an emergency. Funny though, there is tons of gold in the GLD warehouse that got there as stock investors buy the ticker GLD. Merry Christmas to banks and goats.
A 12” x 12” x 12” block of gold weighs 1,200 lbs. more than half ton. The full load of a half ton pick up truck.
https://en.wikipedia.org/wiki/Executive_Order_6102
Note: People these days are hoarding Stocks, Bonds, and Real Estate, not much Gold at all. Stocks, Bonds, and Real Estate should be included in the national money supply.
And what good is all that so called “money supply” if we still have a $22 trillion national debt? And still have a negative trade imbalance of who knows how much that is?
And funny how the PTB had to save the Dollar and system in the 1970s with HIGH rates, and now they are trying to save the system with LOW rates. Maybe this is the final coup de gras. Won’t surprise me. They are running out of rabbits to pull out of their hats.