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my family escaped china when the communists took over and paid for the transport with gold because the currency was destroyed. My mother had gold bars sewn into
by triviatise 8y ago
my family escaped china when the communists took over and paid for the transport with gold because the currency was destroyed. My mother had gold bars sewn into her clothes. Jews escaped germany the same way. Finally, Governments keep gold as a storehouse of wealth.
It is a way to take portable wealth when currency is crashing. For example, Venezuela is crashing right now and gold is good for purchasing goods.
My family had large amounts of prime land in beijing that the chinese government confiscated that is worth hundreds of millions today. Good luck getting that land out of china when you have to flee.