When the government confiscated gold the last time it did not give any warning and there is no plausible reason why it would today. This has to do with how the government views the situation. Does the government warn you before gold confiscation? They very likely will not.
Various agencies of the Federal Government are charged with warning citizens about issues of health and safety. Historically presidential orders such as Nixon taking the US off of the gold standard or Roosevelt’s confiscation are not announced in advance.
If citizens had been given warning they could have traveled to Canada, Mexico, Cuba, or any other foreign country and put their gold in a safe deposit box in a bank. The surprise announcement of a law banning the “hoarding” of gold prevented citizens from doing what would have been legal with their own property up until the moment the executive order was given.
Although the government will not warn you there will be warning signs. Maybe there already are.
Today is the closest the nation has been to Depression Era conditions since that time. The government is adding huge amounts of debt with the government’s own Office of Management and Budget predicting another $10 trillion in debt in the next decade.
As bad as times are, the government could confiscate precious metals at any time. However, there are always political considerations to any action. A likely scenario would be a short term crisis on top of the already bad economic situation. That would give the current government an “immediate” reason to act. When it comes don’t be surprised if it is quick.
To talk to one of our gold experts today about gold ownership call 1-800-300-0715. After a few questions about investment goals we can help you understand the pros and cons of various bullion and coin investments as they relate to a possible confiscation of gold.