Do you know what JFK had in mind/planned when he ordered the issuance of silver certificates? Maybe this is what is being considered, but with gold, and maybe what Q is referring to - just my WAG.
trust but verify
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My research on that issue has tended to contradict this. Silver having so many uses in industry, the desire was to stop the silver certificates.
Here's what Wikipedia has on this:
This executive order amended Executive Order 10289 (dated September 17, 1951)[1] by delegating to the Secretary of the Treasury the president's authority to issue silver certificates under the Thomas Amendment of the Agricultural Adjustment Act, as amended by the Gold Reserve Act.
The order allowed the Secretary to issue silver certificates, if any were needed, during the transition period under President Kennedy's plan to ELIMINATE Silver Certificates and use Federal Reserve Notes.
I don't have the link to the Executive Order.
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With respect to the other countries stocking up on gold, there's a couple of thoughts. One is that sanctions (considered by some such as Russia to be WAR) can be mitigated by establishing monetary system outside the existing one dominated by USA.
The other is that appropriate restructuring in response to 2008 meltdown didn't happen, and it's time to restructure the system anyway. IMF wants to set up a basket of currencies US, UK, Japan, EU, Russia, and China IIRC. China doesn't yet have enough Gold for what they want to do.
There are others that think that a system collapse is coming that will make great depression look pale by comparison.
Hard to say. But if the Central Banks are buying gold, it might not be a bad idea to buy some if one has some money to spare. I tend to buy food, and other necessities that will likely be more expensive if another crisis hits.
“Do you know what JFK had in mind/planned when he ordered the issuance of silver certificates? “
Well actually he did exactly the opposite. In his two economic addresses to Congress he requested that they end the use of silver as part of our money. His speeches refer to silver as having only industrial value. You can find the speeches online at the Archive website.
The end of silver coinage and silver certificates shortly after his death were his doing, he just didn’t survive long enough to see it go into effect.
The reason he did it is due to the problems created by using the dollar as the world reserve currency while engaging in an activist foreign policy. This was called the ‘Triffin Dilemma’, named for the Belgian economist who warned it would happen. It began showing up in Ike’s Presidency.