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gold confiscation

Economic/Currency Collapse Could Bring Martial Law and Confiscation of Your High-priced Gold! Got Silver?

gold-silver

Do we really honest-to-God no-fingers-crossed cherry-on-top believe that the powers-that-be will simply allow us to mosey up to the cashiers cage and redeem or convert our Gold for whatever monetary unit reigns supreme or is created [should our current financial system and currencies collapse? As such,] IF there comes a time when the best move forward is to sell most of our Gold and switch to another asset class, one more likely to survive the transition intact, will we be able to see this as obvious and a no brainer? [Let me explain what could well happen and the effect such a development would have on all things Gold.] Words: 3037

December 28th, 2011 | Posted in Gold/Silver,Investing | Read More »

How To Avoid Getting Ripped Off When Buying Gold

$50_american_gold_eagle_obv

If you’re trying to invest in precious metals, then stick to bullion coins or bars. Don’t be distracted by numismatics, rare coins, collector’s items, or fancy packaging or grading schemes…Even though I have long warned of the dangers of the industry, it is hard for retail investors not to be led astray by high-pressure salesmen [but] reading this guide is a step in the right direction. Words: 1000

November 26th, 2011 | Posted in Gold/Silver,Investing | Read More »

Take Note: Your Gold Holdings Are at Risk!

gold-bars-india

As with most things in life, making an investment in silver or gold is not without risk….What do you suppose is the biggest risk we face [and how should we go about protecting our holdings? Read on because you will be surprised!] Words: 1885

November 8th, 2011 | Posted in Gold/Silver,Investing | Read More »

Be Careful! Owning Gold Bullion is a Revocable Privilege in the U.S. – Not a Basic Right!

Gold-bullion-bars-51

The laws of gold confiscation are very clear in the U.S.: During any time of national crisis, it becomes illegal to buy, sell, or “hoard” gold bullion in any form. It is delineated under an Executive Order and can be re-administered as quickly as the assets in your checking account can be frozen. The penalties for violation are 10 years in prison, $10,000 fine, or both. Words: 821

October 1st, 2010 | Posted in Asset Allocation,Gold/Silver,Investing | Read More »

Beware The Dangers of Buying Gold Coins

$50 Cdn Maple Leaf Coin - front

At first glance, buying gold may seem a simple, straight forward process. However, there are dangers, such as falling for a telemarketer’s line that his coins are “non-confiscatable” and somehow have more value because you bought them from him. Basic bullion is the way to go when investing in gold. Words: 788

June 13th, 2010 | Posted in Gold/Silver,Investing | Read More »

 

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  1. mygoldmygold: Wow…that’s a nice prediction…I don’t think we can predict 100% accurately...
  2. taluis: A punitive Sales or Capital Gains Tax on the sale of gold in an economic collapse (or similar situation) is...
  3. steviebee: But….if gold is going to $10,000, why should I only have “7 to 15% in Precious Metals”...
  4. GoldRate: it will be interesting to see if this triangle breaks up or down. We’ve had big volatility this week....
  5. Blindfolded Monkey: I don’t have quite the same negative view of Paul Krugman but I agree that it is clear that...


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