Is the possibility of confiscation of gold by the government real?
There are many fallacious stories concerning investing in gold and silver and one that makes its way through the rumor mill is the confiscation story. Those who espouse this position point out to history to base their argument pointing and refer to when in 1933 in the crisis of great depression. President Roosevelt gave the order to confiscate private gold.
Individuals who espouse this theory fails to understand that the economies and investing in precious metals was much different at that time than it is now. Then U.S. dollar was fully backed by gold and the metal was wide circulation.. 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 alarming small at best and many did not voluntarily hand over their gold. Confiscation was easier thaan it is today as a result of the size of the population. regardless, the governments confiscation efforts were tamed if it can be called that.
Politically and Economically the world has evolved and Americans do not have faith in their government as was the case during the 1930s. It would virtually impossible for the government to enforce its law and and a small number would hand over their gold bullion. In todays turbulent world, the seizer of gold would produce ramifications that alone would derail any such proposal. Enforcement would not be feasible and the only gold that the government could possibly confiscate would be that that is stored in safety deposit boxes in banks. Tha in itself that would also bring out a backlash that would not be politically manageable
One should contemplate that the government need not take your gold. They will confiscate your wealth through another invisible and more effective way. The manner in which the government is confiscating your wealth is through the relentless printing of money. That can only end in making your currency worthless. Then why go through all the problems of confiscation when there is another mechanism that is more effective and needs no enforcement.
Investing in gold and silver will be only way to protect you wealth from the consequences of currency devaluation. If yourtruly concerned about gold consfiscation. Then you be aware that there other ways to invest in gold and silver that protect you from that threat. We evaluate those mechanism at our website at [http://goldandsilveinvestor.net]
Individuals who espouse this theory fails to understand that the economies and investing in precious metals was much different at that time than it is now. Then U.S. dollar was fully backed by gold and the metal was wide circulation.. 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 alarming small at best and many did not voluntarily hand over their gold. Confiscation was easier thaan it is today as a result of the size of the population. regardless, the governments confiscation efforts were tamed if it can be called that.
Politically and Economically the world has evolved and Americans do not have faith in their government as was the case during the 1930s. It would virtually impossible for the government to enforce its law and and a small number would hand over their gold bullion. In todays turbulent world, the seizer of gold would produce ramifications that alone would derail any such proposal. Enforcement would not be feasible and the only gold that the government could possibly confiscate would be that that is stored in safety deposit boxes in banks. Tha in itself that would also bring out a backlash that would not be politically manageable
One should contemplate that the government need not take your gold. They will confiscate your wealth through another invisible and more effective way. The manner in which the government is confiscating your wealth is through the relentless printing of money. That can only end in making your currency worthless. Then why go through all the problems of confiscation when there is another mechanism that is more effective and needs no enforcement.
Investing in gold and silver will be only way to protect you wealth from the consequences of currency devaluation. If yourtruly concerned about gold consfiscation. Then you be aware that there other ways to invest in gold and silver that protect you from that threat. We evaluate those mechanism at our website at [http://goldandsilveinvestor.net]
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