Diversify Your Gold Portfolio
You should diversify your portfolio with gold and you should also diversify your gold portfolio. There are many different types of gold you can invest in and diversify your gold portfolio, including gold bullion, domestic and foreign, modern gold coins, domestic or foreign and antique gold coins, domestic and foreign.
There are also options within each gold category that allows you to receive and store your own gold or allow the dealer or broker to keep your gold for you. Most people buying gold are not only buying for diversity, but they are preparing for financial disaster. For those cases, gold coins and antique gold coins have the reputation of not being able to be confiscated by the government because of their intrinsic 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 government confiscate foreign gold bullion or coins from US investors? When gold was confiscated by President Roosevelt in 1933 gold that was minted by foreign countries "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.
Antique gold coins are pushed by many dealers and telemarketers because of the higher markup and profit margin on old gold coins. Many dealers prey on investor's fears about the gold confiscation that Roosevelt ordered in 1933. President Ford issued his own executive order repealing the executive order that Roosevelt used to confiscate gold in 1933.
Then Congress in 1977 removed the president's authority to regulate gold transactions during a national emergency other than war. What's that 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. - 23226
There are also options within each gold category that allows you to receive and store your own gold or allow the dealer or broker to keep your gold for you. Most people buying gold are not only buying for diversity, but they are preparing for financial disaster. For those cases, gold coins and antique gold coins have the reputation of not being able to be confiscated by the government because of their intrinsic 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 government confiscate foreign gold bullion or coins from US investors? When gold was confiscated by President Roosevelt in 1933 gold that was minted by foreign countries "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.
Antique gold coins are pushed by many dealers and telemarketers because of the higher markup and profit margin on old gold coins. Many dealers prey on investor's fears about the gold confiscation that Roosevelt ordered in 1933. President Ford issued his own executive order repealing the executive order that Roosevelt used to confiscate gold in 1933.
Then Congress in 1977 removed the president's authority to regulate gold transactions during a national emergency other than war. What's that 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. - 23226
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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 @ 7:22 AM
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