Will you be prepared when the government comes to seize your gold? Landmark Capital is here to help you see what the next gold confiscation would look like. First, we will give you a little history on how gold has been seized in the past and then we’ll show you how to protect against gold seizure. Protect your investment and read on!
Possible Gold Confiscation
Gold Confiscation in the 30s
On April 5th, 1933, President Franklin D. Roosevelt signed Executive Order 6102. This order “forbid the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” The purpose of this order was to criminalize the possession of monetary gold by any individual, partnership, association, or corporation. The order also required all persons to deliver, on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per ounce.
What Type of Gold Did They Not Confiscate?
In the executive order the verbiage stated that “coins that had a rare and or unusual value to them” would not be taken from U.S. citizens. This verbiage actually helps those who may have coins that were from the early 1900s and late 1800s because of their rarity. The government still uses this executive order as reference and so you are protected by what was originally not protected.
Modern Confiscation
There have been 12 other countries that have confiscated their citizens assets. It’s not always gold that governments take. For example, the Argentine Government on October 21st, 2008 took control of their citizens private pensions which added up to $28 billion. The Bulgarian Government $60 million was seized from private retirement funds. These are just two examples of governments seizing their citizens assets. It may not have been gold that they seized but it certainly could have been.
Why Your Investment is Safe
You might be thinking that nothing is safe now. However, there is a way to protect your investments. In most government seizures, they will only take one specific type of asset such as IRAs, gold, or other paper assets. What we recommend when building your investment portfolio is to spread your money out. Place some of your money in stocks, some in real estate, some in retirement accounts, and some in precious metals. If someone held you at gunpoint and demanded all the money in your wallet, you wouldn’t hesitate because you know that is not your entire store of wealth. In other words, diversification is key when building an investment portfolio.
Trust Landmark Capital
Landmark Capital is dedicated to your financial well-being. If you need to invest in stocks, we will tell you that is where your money should go. We will always be honest because we have your best interest in mind. To get your financial blueprint, visit our contact page or give us a call at 877-448-2646.