Odey Says Governments May Make Private Gold Ownership Illegal

[Primal Trader]

They will have to pry my gold ingots out of my cold, dead hands. Not a gold bug per se, but perhaps a lot of ancestors from New Hampshire ...

 

[destriero]

Odey Says Governments May Make Private Gold Ownership Illegal (Bloomberg)
Crispin Odey, one of Europe’s highest-profile hedge fund managers, said that governments may ban private gold ownership if they lose control of inflation in the wake of the coronavirus crisis. “It is no surprise that people are buying gold. But the authorities may attempt at some point to de-monetise gold, making it illegal to own as a private individual,” Odey wrote in a letter to investors seen by Bloomberg. “They will only do this if they feel the need to create a stable unit of account for world trade.”

In before dipshit posts another op-ed talking his long gold book.

 

[d08]

gold bugs are so weird. Makes the crypto guys seem downright nondescript

Goldtards: "When the world ends, paper money backed by nothing will be worthless! Gold will be the only currency to remain!"

...

End times: "Excuse me, would you trade this piece of metal for which you have no use for, for food and essential medicine so I don't die?"

 

[virtusa]

If things go really bad, a gun and lots of bullets will be worth much more than gold.

 

[Sig]

Goldtards: "When the world ends, paper money backed by nothing will be worthless! Gold will be the only currency to remain!"

...

End times: "Excuse me, would you trade this piece of metal for which you have no use for, for food and essential medicine so I don't die?"

Exactly! It's always baffled me why anyone thinks that something you can't eat, won't keep you warm, and won't defend you will have any value at all in an apocalypse situation where those are the only things that matter.

 

[Trader Curt]

Ezekiel 7:19 "They will throw their silver into the streets, and their gold will seem unclean. Their silver and gold cannot save them in the day of the wrath of the LORD. They cannot satisfy their appetites or fill their stomachs with wealth, for it became the stumbling block that brought their iniquity."

 

[d08]

If things go really bad, a gun and lots of bullets will be worth much more than gold.

Or a bag of old potatoes.

 

[virtusa]

Or a bag of old potatoes.

I will shoot you and take your patatoes.