Not sure how the US would freeze gold in a Moscow bank. It can freeze dollars because it controls SWIFT and how dollars move. The dollars it froze were not a huge pile of physical bills in Russia but electronic chits.
Well, exactly. Is the US's influence over swift tied to the dollar or to the fact it's a superpower and has forged these relationships? If we used other currencies wouldn't that be the same situation or are you saying that the dollar's stability is tied directly to swift?
Said another way, if there is a backlash to these frozen accounts, shouldn't it be against swift and for swift alternatives instead of against the dollar?
