Finanz-Experten rät bei Gold und Bitcoin zur Vorsicht vor dem Staat/Financial experts advise caution regarding the state when investing in gold and Bitcoin

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Those who distrust rising debt and inflation often turn to gold as a hedge. However, financial expert Philipp Vorndran warns against government countermeasures.

... Vorndran fears unpredictable government intervention in times of high national debt:

"I am increasingly concerned that, given the problems with fiat money, clever ladies and gentlemen in the world's finance ministries are considering: How can we close the loopholes that still exist today to get out of this paper money?"

"Gold and Bitcoin in the sights of the state"

Vorndran continues, saying that it cannot be ruled out that governments, driven by economic necessity, will begin to make investments in cryptocurrencies, precious metals, and other alternative forms of money less attractive through taxes and other measures. The expert cites as an example the discussion about taxing Bitcoin capital gains in Germany: According to the plans of Federal Finance Minister Lars Klingbeil (SPD), profits would no longer be tax-free after a one-year holding period, as is currently the case.

Vorndran refers to historical events such as the period of German hyperinflation to underpin his fears. Back then, there was a so-called "currency police" who seized precious metals and other forms of currency. Foreign currencies were confiscated. There was also a period in the US when owning gold was largely prohibited.

My personal conclusion:

It doesn't matter whether you live in Germany or any other country in the world. What's important is that you create a plan to protect your assets from government seizure. Gold and Bitcoin are currently the simplest method. And don't advertise your wealth too much; your tax office could also read your social media posts if they suspect something.