Should You Buy Gold Bullion Coins or Certified Gold Coins?
If you wanted to buy gold bullion coins in 1933, they would have cost you approximately $20 per ounce. However, President Franklin Roosevelt’s Executive Order 6102 was released in 1933, and this decree made it illegal for anyone within US borders to hoard gold bullion. Our government was in a tough spot financially because the dollar was at the point of insolvency and our nation’s debt was sky-high. In lieu of giving up the greenback, our nation’s leaders confiscated gold bullion and artificially raised the gold bullion spot price. Once the spot price was elevated, the gold was used to pay down our nation’s debt and to restore faith in US currency by means of the Gold Standard.
The Gold Standard was used to more effectively back US currency, because up until 1933 our government was free to print basically as much paper money as they wished. The United States was removed from the Gold Standard in 1971 and many investors immediately started to buy gold bullion coins and bars. While it’s nice to be able to purchase and sell bullion freely, the fact that our policymakers have reverted back to overprinting our dollar bill is moiré than troubling to astute financial minds as well as anyone else with common sense and logic.
Buy gold bullion coins if you believe that our dollar will only become inflated, and not reach the point of collapse. If our dollar crumbles in 2010 as many economists believe it will, another gold bullion seizure could take effect. You can protect yourself from bullion confiscation by purchasing certified gold coins instead of raw gold bullion, and millions of investors have made this lateral move recently. Give us a call or check out the bullion confiscation section of our award-winning tutorial below to learn more.
Michael Williams
Senior Staff Writer - Gold-Coin.com
