Gold price collapse is the worst for 30 years

[Zero Liability]

Land of the free, innit!!!

Yup, don't forget that's why the terrorists hate them.

It's worth noting they didn't actually have a great deal of success with that policy in terms of how many people actually turned in their gold, but who knows, maybe the UK has a better talent for repressing its citizens.

[AtW]

It's worth noting they didn't actually have a great deal of success with that policy in terms of how many people actually turned in their gold, but who knows, maybe the UK has a better talent for repressing its citizens.

That's because more people had guns on their hands and people with gold most certainly were pretty well armed

It's crazy though such tulip could happen in USA - state sanctioned confiscation of assets!!!

[Zero Liability]

Well, like the article I linked to argues, I don't think there's a strong likelihood of it happening in the UK, as the £ isn't linked to gold, and if another major currency does become linked to it, attacking ownership if physical gold will be too little too late and be the equivalent of pissing on a forest fire to put it out. Paper gold may be becoming a more popular inflation hedge in the UK but it's still so only amongst a slim minority of the population. At worst, they may change the laws on CGT exemption for sovereigns, but even that's unlikely.

The US has long had a philosophy of interventionism entrenched in it, dating before the 1920-30s. It's just not entrenched in the popular narrative. Meanwhile, we're more accustomed to that sort of thing over here, what with the government changing the rules to suit the likes of HMRC.