subject: Influence Investments - Learn About Gold Confiscation [print this page] Gold coins are just about everywhere nowadays, almost to the point that they do not seem very rare anymore. You can find American Eagles around every corner, but still people put their money into bullion thinking that it will be worth something someday. We know better than that, right? The fact is that after 1933, gold lost its rarity. That's one reason that people desire pre-1933 gold so much now. The rare coins from that era are simply unmatched by the modern day attempts at gold collectibles, and there are a few things that truly make the older coins worth the money. Here we will look at some different things that might impact your gold investments.
The biggest issue here is that of gold confiscation. Pre-1933 gold coins are said to be private gold, meaning that you are the sole owner of them. Anything made beyond that point though is called confiscable gold, and, by name, it can in fact be confiscated by the government at any time. Although you might be the one that put the money out for the coins, they are still technically owned by the government. If the government wants it back, they can take it back. If they want to say it's worthless, then it's worthless. None of that is in your control.
Obviously all of this should have an impact on your gold investments. You don't want to put your money into something that may not be of any value in a few years, especially with the economy being as it is. The thought of gold confiscation is a scary one, but it is nothing to fret about if you put your money into pre-1933 gold. The fact is that you can spend the same amount of money on rare coins and modern bullions, and then thirty years down the road the rare coins will be worth significantly more than the bullions. Guaranteed!
You might want to remember that silver coins and paper money can be confiscable as well. Thus you should apply the same thought process when you buy silver. Do not waste time and funds by making poor investments. Shop the smart way and look for rare coins that will hold their value even in a falling market. The dollar may fade considerably in value. The economy may crash and burn. Good gold and silver will last forever though and will always be worth something. Let that guide your investment decisions.
