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Killing Gold

December 27, 2016 By Philip Barton

Tuesday

What is the best way of killing demand for Gold?

One could make buying and/or holding Gold illegal.  That would kill off some transactions, but it would enhance Gold’s appeal with others.  It wouldn’t kill demand, but it would alter it and could be counter-productive.

One could tax Gold transactions heavily, but that would push even more of the economy into the arms of ‘black’ traders; already a large and fast-growing section of the economy.

Legal disincentives will almost certainly be tried, but are unlikely to be effective.  Respect for laws is low and falling; suspicion about the future value of currencies is rising.

It would be better to engineer a situation where people feared to buy Gold for their own reasons, not because of punitive laws.

What better reason could there be than widely disseminated media stories of fake Gold – counterfeit Gold?

Those who know Gold will be unaffected, but first time buyers would almost disappear.

Filed Under: Philip Barton Tagged With: black traders, counterfeit god, Demand for Gold, fake Gold, holding Gold, tax Gold

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