Gold Bullion or Gold Coins for Investing
The best investment strategy is to have a diversified portfolio, but you should also diversify your gold investments within your portfolio. There are several different type of gold you can invest in and be able to diversify your gold portfolio. There are foreign or domestic antique gold coins, foreign or domestic modern gold coins, foreign or domestic gold bullion and gold certificates.
There are also many options within each gold category that will allow you to receive and store your gold or by allowing the dealer or broker to hold your gold for you. Most investors buying gold are not only buying to diversify their portfolio but they are preparing for financial disaster. In those cases, gold coins and antique gold coins have the reputation that the government can't confiscate them because of their antique and collector value.
On the other hand, gold bullion in recent history has been confiscated by the US government and there are several organizations that are trying to push legislation through that will fix that situation by not allowing the government to be able to confiscate personally owned gold bullion or coins of any kind.
Can the US government confiscate foreign gold bullion or modern foreign gold coins? Back when gold was confiscated by President Roosevelt in 1933, foreign gold and foreign gold coins "earmarked or held in trust for a recognized foreign government or foreign central bank"
That would mean that if we go by what happened in history, foreign gold bullion and foreign gold coins would be safe from US gold confiscation. That's what happened before, but the US government can make laws to fit the situation, so the way it happened before, may not be the way it happens in the future.
Older gold coins are pushed by telemarketers and many dealers because of their higher profit margins. Many dealers and sales people prey on buyer's fears about the historical gold confiscation. President Ford issued his own directive that repealed Roosevelt's executive order.
In 1977 Congress removed the president's authority over gold transactions during a national emergency other than war. What does this mean? Probably nothing. Sales people that use historic events to sell their most profitable inventory are not being completely honest and preying on investor fears of previous events. This shows that the previous gold confiscation has nothing to do with what the government may do in the future.
Just because President Roosevelt exempted antique gold coins and foreign bullion doesn't mean a current administration would go by those same guidelines. The truth is, no one knows what will happen in the future, especially in the event of a financial collapse. - 23204
There are also many options within each gold category that will allow you to receive and store your gold or by allowing the dealer or broker to hold your gold for you. Most investors buying gold are not only buying to diversify their portfolio but they are preparing for financial disaster. In those cases, gold coins and antique gold coins have the reputation that the government can't confiscate them because of their antique and collector value.
On the other hand, gold bullion in recent history has been confiscated by the US government and there are several organizations that are trying to push legislation through that will fix that situation by not allowing the government to be able to confiscate personally owned gold bullion or coins of any kind.
Can the US government confiscate foreign gold bullion or modern foreign gold coins? Back when gold was confiscated by President Roosevelt in 1933, foreign gold and foreign gold coins "earmarked or held in trust for a recognized foreign government or foreign central bank"
That would mean that if we go by what happened in history, foreign gold bullion and foreign gold coins would be safe from US gold confiscation. That's what happened before, but the US government can make laws to fit the situation, so the way it happened before, may not be the way it happens in the future.
Older gold coins are pushed by telemarketers and many dealers because of their higher profit margins. Many dealers and sales people prey on buyer's fears about the historical gold confiscation. President Ford issued his own directive that repealed Roosevelt's executive order.
In 1977 Congress removed the president's authority over gold transactions during a national emergency other than war. What does this mean? Probably nothing. Sales people that use historic events to sell their most profitable inventory are not being completely honest and preying on investor fears of previous events. This shows that the previous gold confiscation has nothing to do with what the government may do in the future.
Just because President Roosevelt exempted antique gold coins and foreign bullion doesn't mean a current administration would go by those same guidelines. The truth is, no one knows what will happen in the future, especially in the event of a financial collapse. - 23204
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Information for buy gold coins and antique gold coins at Buying Gold Coins Online and How to buy Gold Coins
posted by X - Men @ 4:36 AM
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