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dchanin
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Will China Confiscate its Citizen's Gold?

- Julian D. W. Phillips - Gold Forecaster

Cui Bono? I always get a good laugh when I see an article using false assumptions and faulty logic to scare people into fearing confiscation of their gold when it's followed by advertising touting some type of "safe" off-shore storage to prevent such confiscation.

I think that anyone who sends their gold overseas has a bigger chance of losing it than those who keep it stored securely right where they live and where it can be readily accessed.

Commented 4110 days ago

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Beginning of the headline :At one point we thought we were alone in believing that eventually we would see a confiscation of citizen's gold in one or more countries. Then we saw the confiscation of deposits in Cyprus in line with a "bail-in" policy. While this was a banking measure in line with the normal liquidation of a company, it was endorsed by most nations thereafter. The greatest impact was seen on investors worldwide who had never thought that such events would happen.Thereafter we saw several well-respected comme... Read More

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