Gold prices edged higher this morning, with December futures trading around $3,384 per ounce and silver near $38. Investor attention is fixed on Jackson Hole, where Federal Reserve Chairman Jerome Powell is expected to signal whether U.S. rates could be cut in September.
Global markets remain cautious, with equities subdued and bond markets stabilised following a large liquidity injection by the People’s Bank of China.
Against this backdrop of monetary manoeuvring, many of our newer clients have raised an old question: could governments confiscate gold again? With bullion trading near record levels and whispers of U.S. gold revaluation circulating in policy circles, the concern is understandable. History is never far from investors’ minds, and the shadow of 1933 still looms large.
In our latest video, we examine these fears in detail. We revisit Roosevelt’s Executive Order, explain why the logic of the gold standard era does not apply in today’s fiat system, and place U.S. and international precedents in context. Most importantly, we show why the real risks today are not midnight raids but far subtler: inflation, taxation, regulation, and financial surveillance.
We also set out how GoldCore manages geopolitical risk for clients, from our global vaulting network to the proactive decisions that have seen us move bullion out of jurisdictions when prudence demanded it.
The video is not designed to stoke fear but to provide clarity. In a world where markets react to every speech from a central banker, confidence comes from understanding how gold functions as insurance against policy failure, not as a liability to be taken away.
You can watch the full discussion here.
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