
November 16, 2009 – The fear of US economic collapse has driven investors to supplement their current holdings in precious metals, and gold and silver prices have subsequently risen to keep up with the increased demand. Some investors have purchased certified rare coins for security and the possibility of long-term profits. Other investors have chosen bullion as their investment vehicle, which is preferable for a short-term hold.
The simultaneous falling of the dollar and the rising of gold prices has prompted fears of another gold bullion confiscation, which our government originally executed in 1933. It was illegal to hoard gold bullion until 1971, and since that year the US Treasury has worked overtime to print money. Our leaders in the White House and in Congress have helped the Treasury spend all the new currency, and our nation is now buried under an avalanche of debt.
When this happened historically, President Franklin Roosevelt issued his unprecedented gold bullion confiscation to ease the debt and shore up the dollar. If a precious metal confiscation happens in our day, investors who hold certified coins could be safe from the government’s sticky hands.
Canadian Maple Leaf coins, PAMP-Suisse bars, and other bullion products are advisable investments for short-term profit-seekers, but not for investors who want to sit on their golden nest egg for years or perhaps decades. That demographic could do better financially with certified coins like the $20 Saint Gaudens Double Eagle or the $10 Lady Liberty Eagle coin. By contacting us directly you are eligible to receive our free, customized mail-out reports and institutional discounts, so register now to get started.
Danny Burns
Senior Staff Writer - Precious-Metal.org