Get The Facts About Rare US Coins Directly From Rare-Coin.org
November 23, 2009 - Rare US coins have proven to be wise long-term investments, because our government has overwhelmingly endorsed a "no holds barred," Wild West sort of monetary policy since President Richard Nixon removed the United States from the Gold Standard in 1971. That move made it legally acceptable for the US Treasury to shift our Dollar’s printing presses into hyper-drive, and our lawmakers have taken advantage of this ability to the harshest degree.
Many economists have called for the dollar to slide against other major currencies until it collapse completely, or until our government enacts a second gold confiscation. Historically, our government seized the gold bullion and certificates within US borders, and the gold price was then artificially raised so that the United States could sell the gold and pay down our nation’s debt.
This was necessary at the time because banks were over-leveraged, real estate was drastically devalued and US industries were performing poorly across the board. Owners of rare and unusual coins did not have to surrender their pieces, and the same would most likely hold true in any future gold confiscation.
Individuals who illegally hoarded gold bullion from 1933 to 1971 were considered felons, and a 10-year prison sentence was in order for anyone who was found guilty of hoarding gold bullion throughout this 38-year time span. If our government confiscates gold again, it will be a last-ditch effort to save our economy.
Be assured that a gold bullion confiscation is more likely than the dollar’s entire collapse, because our government would almost certainly seize the gold to save US currency. If gold confiscation is a concern for you as a gold investor, then contact Rare-Coin.org now to learn more about non-confiscatable, completely private rare US coins that could protect you during this difficult financial period in our nation’s history.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
