DiverCity

Vietnam Suspends Gold Imports, Follows FDR's Great Depression Lead

It would, ceteris paribus, reduce demand, jackntx. But all things are not equal. Perhaps the global elites were hoping it would (and might have orchestrated it), but it has not yet had that effect. There likely is a huge black market for gold to Vietnam, what with all the small boats that have access there. Also, artificial demand reduction often has the opposite effect -- prices rise, as there is pent up demand that the market cannot satisfy. This truly was a desparate measure.

My question is this: if the USgovernment makes it illegal privately to own gold, and other lap-dog countries follow suit, what happens to the price of gold? I invest in gold primarily because I consider it money -- one that preserves wealth. Will it still have that attribute then?