Investing in gold safely - How to prevent the government from stealing your gold

in #money7 years ago

Ever-since I've discovered precious metals back in 2007, I've been buying silver on a regular basis. My move into gold only started 2 years ago. Many of my friends and family members are now passionate precious metals investors, yet many times I've heard them making big mistakes when it comes to their gold holdings. In this article I will teach you what gold you should own in order to protect your wealth from predatory governments and Wall street parasites. People always end up ignoring history and inevitably end up stepping into the same traps time after time, so let's head back into history to see what I mean...    


The great depression of 1929 has left people with a nasty hangover from cheap credit, greed and endless speculation. Money has dried up, people lost their jobs, homes and businesses, while the government was strapped for cash. Just like during any time in history the government has decided to rob the wealth of their own people in stead of solving their own problems. This came in the form of the executive order 6102 that made the ownership of gold ( in physical and paper form ) illegal! That's right, gold became illegal. Every American who held gold, was ordered to turn it in under the penalty of a jail sentence. Why is this historic event so important? Very simple: it shows us that the government is prepared to do whatever it takes to save itself at the cost of people's wealth. This happened in 1933 and IT WILL happen again!    

Back to current reality...    
Nowadays there are different ways of holding gold in your investment portfolio, yet we will only focus on the real deal: the physical gold bullion and coins.    
A normal investor ( like you and me ) have a choice of holding following gold products;  

1. Gold bullion bars ( minted or poured )  

2. Gold bullion coins ( issued by the government )    

3. Numismatic gold coins ( collectable coins )

4. Non-Numismatic golden coins ( issued in large quantities )

5. 22 karat gold jewellery ( also knows as bullion jewellery )     
  

There are a lot of other forms of gold one can buy and hold, yet these 5 usual suspects are the most common and popular.  
For the sake of your sanity, I won't go into explaining all of the 5 golden investments. The whole point of this article is to educate you on what forms of gold you should own if you want to avoid the 1933-style gold seizure that will ( inevitably ) come again! You see, the Executive order 6102 ( issued by the president FDR ) had a few loopholes. These loopholes are the only way towards preserving your wealth after the next big financial crisis will hit. Here are the gold items that people were allowed to hold; ( and so should you! )    

Non numismatic gold coins   
These coins are any gold coins that were minted ( preferably in large quantities ) a long time ago by any sovereign government. Here's why you MUST have them in your portfolio;     You generally pay less premium ( you get more gold for your buck ) on these coins, because the costs of refining and minting them has already been done for you in the past! This alone will save you some serious cash ( Thank me later! ). Also because these coins have been in circulation, they are made from a 22 karat alloy ( 90% gold, 10% other metals ). This alloy makes these coins a little harder and therefor suitable for everyday use in monetary transfers. Final argument is their size. The non collectable gold coins are generally very small and extremely portable. They can be slipped into your pocket change purse, or inside your smartphone case. It's very easy and convenient to carry a large sum of money at any given moment. Examples of these coins are: American Eagles and Buffalo coins, Brittish Sovereigns, French Roosters and Swiss Vreneli's.  
  
Gold jewelry – In our case that would be 22 karat bullion jewelry    
Jewelry comes in all shapes and sizes, yet in order to qualify for “bullion jewelry” it needs to be made from a 22 karat alloy. Personally I'm not a big fan of jewelry, because of its lack of concealability ( it's made to be worn after all! ) and its high price, yet it does have one major advantage that sets it aside from coins; mobility!    When you are crossing the border of any given country, it's a lot easier to slip on a heavy golden chain and waltz past the customs with a smile on your face. Many famous actresses and musicians travel the world wearing their investment on their person. This is pure genius and should definitely be considered.    
Both of these gold investment were excluded from FDR's parasitic gold seizure act and will most likely will remain the same during the next gold seizure.    

Here is the state of my current gold portfolio as a benchmark:    
Gold bullion coins ( Krugerrands )        10%  ( This was a gift from my parents )  

Non numismatic gold coins ( Sovereigns ) 25%  

Non numismatic gold coins ( Swiss 20fr ) 25%  

Non numismatic gold coins ( French 20fr ) 25%  

22k bullion jewellery ( Chains and rings ) 15%  

BONUS!
When you purchase non numismatic coins and bullion jewelry, you also enjoy the final advantage that will play to your advantage. You see, most bullion dealers and banks who sell gold bullion are under obligation to register client who buy or sell gold bullion coins and bars. This is NOT the case for non numismatic gold coins. They are still free from registration! That simply means that when you buy your non numismatic gold coins using cash, there's absolutely NO paper or digital trail that can lead back to you. You are free to hold, sell or gift your gold in the way you chose without paying any taxes. Bullion jewelry can be bought in a jewelry shop ( or online ), but it doesn't conform to the same scrutiny as other gold investment products.  
It's a very good idea to avoid any rented bank vaults or vault companies when you start your gold investment portfolio, because in a police state like the US and EU all forms of records can be tracked by predatory governments, including your rented safety deposit boxes. My mother-in-law was ordered to open her late father's safety deposit box in order to examine and tax the belongings thereof. This happened in an EU country 2 years ago! Best security for your gold is silence! Nobody should know that you keep gold in your home or on your property. Silence truly is; Gold!    
  
  
  
  
  
 
 

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