Is There a Shortage of Gold in Europe? Will It Be Confiscated?

Some people have misread my posting on an observation in Spain. The retail sale of gold coins was virtually nonexistent in Spain. This is not a shortage of gold. In Italy, bullion coins were being sold in stores. It is France that is after gold coins, demanding no cash sales and reporting on buyers and sellers. Even the rare coin shows have left Paris for the dealers refused to comply with such reporting. The French were driving to Belgium to deal in gold and the French government was complaining about that.

Even the banks are requiring explanation for every deposit in an account to get a mortgage in the USA. Gold refiners are now required to report to the U.S. government every shipment of gold, reporting where it comes from and where it went. Continue reading