this post was submitted on 26 Jan 2026
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[–] k0e3@lemmy.ca 18 points 1 week ago (20 children)

I noticed that they mentioned an alternative to gold along with US Treasuries. I'm wondering why gold keeps going up in value when a good chunk of it is in the US and the US is the one causing all this uncertainty. How could I trust the US to keep my gold?

[–] minorkeys@lemmy.world 10 points 1 week ago* (last edited 1 week ago) (6 children)

I sold my usd a week ago and am avoiding gold for that very reason. Trump always reacts in extreme ways and if the dollar tanks, seizing the world's us held gold and charging a storage fee, or massive costs to transfer are absolutely on the table.

"We've been paying to protect their gold and it's really, they should be paying us to hold it, it's been free, American loses billions a year, trillion if you addi tip, just storing it. It's time they pay. We have it, they want it. Pay us. It's a really good deal, we could just sell it to someone else. Maybe we will. I hear Russia needs gold." Or some such nonsense.

[–] Klear@quokk.au 5 points 1 week ago (5 children)

Trump always reacts in extreme ways and if the dollar tanks, seizing the world's us held gold and charging a storage fee, or massive costs to transfer are absolutely on the table.

If that happens, gold will become much more valuable than it is now.

[–] Aceticon@lemmy.dbzer0.com 2 points 1 week ago (1 children)

Yeah, a sudden artificial scarcity of gold because the US government is witholding other people's gold isn't going to make the price fall, quite the contrary.

That said, best not to invest in Gold that's physically stored in the US be it directly (you own it and it's in a US location) or indirectly (such as Gold ETFs whose physical Gold is stored in the US).

[–] minorkeys@lemmy.world 1 points 1 week ago (1 children)

Makes non-usheld gold even more valuable than market price suggests.

[–] icelimit@lemmy.ml 1 points 1 week ago (2 children)

It's there a separate place to buy specifically non us gold?

[–] bossito@lemmy.world 1 points 1 week ago

You can buy gold bars and keep them at home.

[–] minorkeys@lemmy.world 1 points 1 week ago

Not sure you can from the fed reserve but, you can take physical ownership of gold you buy from the mint, private owners etc.

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