Who Owns the Gold?

[InTruth]

The European Union owns lots of gold.


313

[InTruth]

Eric Sprott says most of the gold in Fort Knox is not there. When evidence of this is given, the Dollar is suppose to collapse apparently.

But why should that hurt the currency? Canada has no gold left in its vaults.

http://mises.ca/posts/articles/the-bank-of-canadas-gold-hoards/
(http://mises.ca/posts/articles/the-bank-of-canadas-gold-hoards/)
I believe as the decades go buy gold will increasingly be treated as a commodity like any other subject to supply and demand. And just because a country prints an exceeding amount of its currency that is no guarantee for the price of gold to go up, because there is, in fact, no link to a currency and the price of gold.

Let me put it this way. If a country debases its currency by 50% there is no reason why gold should go up 50%. It can do anything it likes. It can remain at the same price while the currency drops. It is all about perception and what people value. Dynamics change with changing prices. So I think what is most important is to understand the trend of what people value. And in that a person has a hope of making a profit on some commodity.