Reply To: QE3 and gold confiscation


This is why the state hates gold. It provides an (imperfect) escape from being victimized by its policies. If we don’t behave the way they want us to their schemes won’t work. States also crack down on the use of other escape hatches from their inflation, like foreign currencies and commodities. Of course, states don’t have to escalate their interventions just because they don’t work. But they have a tendency to do so.