Interview with Patrick Vierra of Silver Bullion
The US Government is in a debt trap, which is why the dollar is losing value, reflected in a rising price of gold.
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Catherine
The arrangements whereby your paper can be taken as someone else's collateral was done to protect the exchanges in a financial/market crisis. That's why it seems reasonable and why it had the support of the investment management establishment.
Catherine —
Gold ETF shares could be redeployed this way. Whether that gives access to the underlying gold is not clear to me. Bullion held outside the banking system cannot be legally taken this way.