gold bullion york
gold bullion york
What would happen if a country's gold reserves were stolen.?
Say for example in the film Die Hard with a vengeance where the antagonist of the film succeeded in drilling a hole at the Gold Bullion Depository beneath the Federal Reserve Bank of New York which holds Gold Reserves of countries in trust. What would happen if this were in real life and someone succeeds stealing Gold reserves of countries or a country. How would it affect the country's economy?
Nothing will happen,except SWAT or SEAL will have mission to accomplish again.If the gold is still hoarded under the pirate pillow, it won't affect the gold price and the gold market.On the contrary, if it is on sale in Switzerland, it will affect commodity market. India will come out to buy gold.Speculators will change from gold to oil or hard currency. The dollar will go down. But the US current account deficit will be improved. Trust me,not the pirate.
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