Confiscation of Gold Bullion

Confiscation of bullion occurred in 1933 as a means of backing up the Dollar (Gold Standard) and paying off government debts. Bullion confiscation was in effect from 1933 through 1973, when President Nixon took us off the Gold Standard. One of the major exceptions to Executive Order 6102 was Section 2B: "gold coins having recognized value to collectors of rare and unusual coins"

In 1984, the United States Treasury classified rare gold and silver coins as: "Collector coins from which the gross proceeds from a sale exceed more than a minimum 15% of the underlying precious metal content" Solidifying investors desire for an asset offering buy and sell privacy and exclusion from a confiscation Executive Order.

It is the opinion of our research team that confiscation remains a very real issue in the current gold cycle. Bullion is needed by the government to back up a weak currency again and there is no other asset class the government can take from its citizens to stabilize the Dollar.

Securing rare coins may be your best option for wealth preservation during times of serious financial instability. This could be a life vest for wise investors again in the event of a banking collapse similar to the one the United States experienced in the early 30s.

This is one subject that the industry doesn't lack opinions on with many bullion dealers stating it will never happen and exclusive rare coin brokers stating it can't help but happen. The reality may lay somewhere in the middle, however as historically proven, no great country's currency has ever survived more than 100 years without a major collapse. In fact, currencies are designed to lose 95% of their value every 100 years. So in today's economy of buy now/pay later, shrewd investors may want to hedge their bets. By at least securing a portion of their holdings it could be useful during a national currency/banking crisis.

Below is the official Executive Order 6102, pay close attention to Section 2B:

From: President of the United States Franklin Delano Roosevelt
To: The United States Congress
Dated: 5 April, 1933
Presidential Executive Order 6102

To determine if private non-confiscatable certified gold coins are right for you or if raw bullion may suffice, call our friendly experts at 1-800-300-0715.