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Gold coin investment is your best insurance against the possibility of government confiscation of private gold.

October 12, 2011 – Gold coin investment is your best insurance against the possibility of government confiscation of private gold. There is no shortage of pundits who claim that possibility is non-existent today, but just look at the facts.

There should be little doubt that the Fed and other central banks are out of bullets. Nothing they have done has been able to turn around the decline of fiat money. Every day they grow more desperate to find some way to postpone the inevitable. The temptation to raid private reserves of gold may soon become irresistible.

The legality of confiscation is irrelevant. By the time an executive order gets tested in the courts the damage will already have been done. And it is far easier now for the government to quickly grab vast amounts of gold than it was in 1933.

The stores backing paper gold are immense and highly centralized, an easy target for seizure. Next we can assume that the government would turn to the vaults where private bullion is stored. Only after those resources have dried up would the government even consider going after privately held gold.

The last time around there was a great deal of gold in circulation making it worthwhile to target individuals. It’s entirely different today and whether the government would undertake to root out individual holdings is highly questionable. Even if it were to try, it is almost certain that rare gold coins would be exempt as they have been before.

It would be foolhardy to dismiss the possibility of the government raiding the private sector to bail itself out. The Fed has made its intentions perfectly clear and the politicians are all too willing to do the bidding of big money.

Taking physical possession of gold bullion coins makes it hard for the government to get its grubby mitts on your wealth. Buying rare gold coins makes it even harder.

Kevin Johnson

Senior Staff Writer – GoldCoin.net

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