The very rich did not comply and many shipped there gold overseas. That is why collectors can still buy antique U.S. gold coins in uncirculated condition today at modest prices! I wish the skeptics could visit Dubai and see how gold works. Dubai is now among a handful of cities, that the worlds elite are flocking too.
When the dollar starts to flop, gold will skyrocket as trillions of fiat dollars chase real wealth. Foolish people will accept those dollars as old habits die hard and they will still see dollars as wealth. There will literally be gold buyers on every corner. The world is not limited to America, our dollar, or our inflated ego!
A good example is what is happened in Iran. During their wars with ISIS etc., the pickers are making a fortune on the antiquities flowing out the country and they pay in gold. It is always the same and there will always be people with money and those who what more.
I dare anyone to show me a single documented time – in all of human history, when there was not a market for gold. It is nothing more than a poor persons fantasy, that we are all be equal and will starve together. Don’t resent it – use it to your own advantage! What will the people with resources need and want? Swamp