Understanding the Myth of Government Gold Confiscation

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"Precious metals have had value in all civilizations, have survived all financial crises, and can be expected to do the same in the future. However, it is to all investors' interests that they know what they are doing before investing in precious metals." - Bill Haynes, President of Certified Mint, Inc.

Any precious metal investor before he/she buys gold or silver coins or bullion has to learn to separate truth from hype, and to discern what is a good price for their investment. Today we look at one such myth all investors must be aware of.
Many precious metals sellers actively promote (or at best, choose to actively ignore) many widespread myths and misunderstandings regarding the purchase of precious metals, like gold, silver and platinum. In general, these misconceptions and falsehoods foster the public notion that the government may yet again "call-in" or confiscate gold as it did in 1933, and that requiring purchases of precious metals to be reported are a major prelude to confiscation. When such unfounded fears in run rampant in the minds of precious metal investors, unscrupulous precious metals firms can sell larger volumes of expensive (and often overpriced) gold and silver coins, and ingots.

Investors who believe those stories will invariably pay too much for, or buy the wrong coins. And that is certainly something at any savvy investor should avoid, or at least be wary of.

This is a preview of "Understanding the Myth of Government Gold Confiscation". To read the full entry, go to http://finegoldsilver.com/information/understanding-the-myth-of-government-gold-confiscation/2008/05/18/

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