[palmer]

Oh, she also went on and on about how confiscating the private gold and revaluing it was such a great thing. (Odd though, I don't recall her using the word "confiscate").

Once the EU and the US inflate, the Chinese and Arabs will demand gold for their stuff (consumer products and oil). There will be middlemen who will get the gold to them and the stuff to the consumers in the West. Uncle Sam will try to become the exlusive middleman. They will ban transactions in precious metals (but they will not confiscate or ban private ownership).

[21twelve]

I sure hope that the rumors that Fort Knox is empty are not true!