No, but with the dollar there is the dual risk of dumping and printing. Gold is not ties to any nation or political ideology. If your gold is located in a particular country, it is subject to the risk on the ground, of course, but it can be moved or exchanged relatively easily. Some gold has been doing just that as people shuffle their wealth around.
If the gold isn’t in your physical hands then it still has ties to the nation that it’s stored in and is subject to its politics.
When people buy gold, they buy certificates of ownership. They don’t buy literal hunks of bullion. The gold is still physically in a vault, and a lot of that gold is stored in the US itself. So, what happens if the US says “actually, that gold is ours now”?
Yes, but some have transferred the bullion to holdings in the uk and Germany. And those countries have too.
A lot is in the USA, but not all. Holding an asset, even in a failed country (which is highly unlikely, by the way) is still a viable asset.
The fact that you think the USA could claim privately held assets as government property is precisely why some people want to hold gold rather than cash in an account which can be seized digitally.
No, but with the dollar there is the dual risk of dumping and printing. Gold is not ties to any nation or political ideology. If your gold is located in a particular country, it is subject to the risk on the ground, of course, but it can be moved or exchanged relatively easily. Some gold has been doing just that as people shuffle their wealth around.
If the gold isn’t in your physical hands then it still has ties to the nation that it’s stored in and is subject to its politics.
When people buy gold, they buy certificates of ownership. They don’t buy literal hunks of bullion. The gold is still physically in a vault, and a lot of that gold is stored in the US itself. So, what happens if the US says “actually, that gold is ours now”?
Yes, but some have transferred the bullion to holdings in the uk and Germany. And those countries have too.
A lot is in the USA, but not all. Holding an asset, even in a failed country (which is highly unlikely, by the way) is still a viable asset.
The fact that you think the USA could claim privately held assets as government property is precisely why some people want to hold gold rather than cash in an account which can be seized digitally.