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26 November 2020

Illegal to Own Gold? Hedge Fund Manager Warns Governments May Ban Gold Ownership | Bitcoin News

Illegal to Own Gold? Hedge Fund Manager Warns Governments May Ban Gold Ownership | Bitcoin News


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Hedge Fund Manager Warns Governments May Ban Gold Ownership.

A well-known hedge fund manager has warned that governments may ban private gold ownership.

Central banks might outlaw private gold ownership if they lose control of inflation amid the coronavirus crisis, London-based hedge fund manager Crispin Odey warned clients in a letter seen by Bloomberg on Wednesday.

The hedge fund manager added that the governments “will only do this if they feel the need to create a stable unit of account for world trade.” He has compared the current coronavirus crisis to the Great Depression of the 1930s, arguing that central banks would fail to contain inflation as the economy eventually recovers from the impact of global lockdowns.

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