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

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A well-known hedge fund manager has warned that governments may ban private gold ownership. He explained that central banks may attempt to demonetize gold, making it illegal for private individuals to own, as the authorities lose control of inflation amid the coronavirus-led economic crisis.

Is Gold Safe? Governments May Make Owning Gold Illegal for Private Individuals

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. He was quoted by the news outlet as saying:

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