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<p>[QUOTE=&quot;afantiques, post: 2214047, member: 71234&quot;]<i>Then take into account that neither of those account for the holdings of the population.</i></p><p><br /></p><p>Unless the governments wish to&nbsp; emulate the US in the 30s and effectively &#039;confiscate&#039; with compulsory purchase of gold holdings by individuals, then only the official holdings are something the government concerned can use as a policy tool. You won&#039;t move the markets with grandma&#039;s wedding ring.</p><p><br /></p><p>The &#039;reserves&#039; of the population are possibly an indication, among many, of the per capita wealth of the nation, but I think it can be safely assumed that very little if any of it would be traded, most would be a rainy day fund or personal jewellery or cash savings in countries where the banking system has a dubious reputation or the politics are geared more to short term expediency than long term stability.</p><p><br /></p><p>The recent price peak of gold did shake loose a lot of gold from the private owners, but in global terms this cannot have accounted for any great influence.</p><p><br /></p><p>Now that prices are solidly back down, and maybe with further to go, any gold that comes my way just gets set aside in a box or drawer for &#039;whenever&#039;.[/QUOTE]</p><p><br /></p>

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