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0 sats \ 0 replies \ @Solomonsatoshi 3h \ parent \ on: Vietnamese buyers queue for hours amid gold rush - VnExpress International econ
I thought Order 6102 banned all private custody of gold (except personal jewelry) and yes a lot was seized easily because the banks already custodied a lot of peoples gold and so handed it over to the government while if you had gold bars under the floor boards the government still demanded you hand them in or else you were breaking the law to hold gold...ie private custody sale and purchase of gold (as a SoV investment) was banned until 1971?
Yes seems like US nowadays has fairly good gold markets (what is the buy sell margin? ) compared to here in New Zealand. Not sure about Europe maybe they are more like NZ and its highly taxed/'discouraged'?