subject: Don't Worry About Gold Confiscation, Concentrate On The Loss Of Your Buying Power. [print this page] There are a multitude fallacious stories concerning investing in gold and silver and one that makes its way through the rumor mill is the confiscation story. Those who hold this position use history to base their argument pointing and refer to when in 1933 in the depths of great depression. President Roosevelt gave the order to confiscate private gold.
Those who espouse this story fails to realize that the world and investing in precious metals was very different then than now. Then U.S. dollar was backed by gold and the metal was widely circulated. Now the dollar is no longer backed by the precious metal and gold is not widely held.
It should be noted despite the order to confiscate gold, those responding to the call was muted at best and many did not voluntarily hand over their gold. Confiscation was much easier thaan it is now as a result of the size of the population. Despite this, the governments confiscation efforts were meek at best.
Politically and Economically the world has changed and Americans do not have faith in their government as much as they did in 1933. It could practically impractical for the government to enforce its mandate and and a small number would hand over their gold bullion. In an economically and politically turbulent world, seizing private gold would have repercussions that by itself would derail any such proposal. Confiscation may not be possible and the only gold that the government could possibly confiscate would be that that is stored in safety deposit boxes in banks. However, that would also produce a backlash that would not be politically manageable
One should contemplate that the government does not need to confiscate your gold. They will confiscate your wealth through another invisible and nsidious way. The manner in which the government is taking your wealth is through the relentless printing of money. That will eventually make your currency worthless. Then why go through all the trouble of confiscation when there is an alternative method that is more effective and needs no enforcement.
Investing in gold and silver is the only way to protect you wealth from the ravages of currency devaluation. If yourtruly concerned about gold consfiscation. Then you be aware that there other means to invest in gold and silver that protect you from that potentiality. We evaluate those mechanism at our website.
