Will gold be confiscated?

Patsy Gutkowski asked a question: Will gold be confiscated?
Asked By: Patsy Gutkowski
Date created: Wed, Mar 24, 2021 7:46 AM

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Top best answers to the question «Will gold be confiscated»

As collectibles, rare coins do not fall within the provisions permitting confiscation. No federal law or Treasury department regulation supports these contentions. The myth that specific types of gold coins are “not confiscateable” stems from the Executive Order that President Roosevelt issued in 1933 calling in gold.

FAQ

Those who are looking for an answer to the question «Will gold be confiscated?» often ask the following questions:

👉 Can gold be confiscated again?

Could Gold Confiscation Happen Again? In short, yes. Although there is no federal law that explicitly states that the government can call in your gold, during extreme crises the government has the means to seize it whether it comes in the form of an Executive Order or a law.

👉 Can gold be confiscated by the government?

If you're not careful, your government can confiscate your gold. Moreover, it can probably do so without compensating you. The United States, British, Australian, and many more governments have all done this within the last 100 years. So the clear answer to can the government confiscate your gold is yes.

👉 Can silver or gold be confiscated by the government?

Many investors believe gold won’t be confiscated today because it’s not part of the monetary system like it was during the U.S. nationalization in 1933, under Roosevelt. While it’s true we’re not on a gold standard today, if the crisis gets bad enough any and all viable solutions could be on the table.

9 other answers

Many worry the U.S. government might confiscate gold again if it becomes desperate enough. I don’t think those fears are unfounded. The U.S. government’s abysmal financial situation is only getting worse. But would it really do a 1933-style grab again? I don’t think it will. However, there is another growing threat to your gold.

Myth #1: Rare or Collectible Coins Cannot Be Confiscated The myth that certain kinds of gold coins can’t be confiscated originated in Roosevelt’s Executive Order. This order exempted “gold coins having a recognized special value to collectors of rare and unusual coins.” But it did not define special value, collectors, or collectibles.

Gold was confiscated in order to stabilize the monetary system. The gold was confiscated at $20.67 per ounce and the government revalued it at $35 per ounce shortly there after, thus giving the government a 69% gain.

Prediction: If we are in the end times we may expect a worldwide currency crisis which will make individuals not trust governments and paper currency. They will flee to gold and silver. The governments will respond as they always have and confiscate the gold for their own treasuries. “Gold will be removed”.

If you're not careful, your government can confiscate your gold. Moreover, it can probably do so without compensating you. The United States, British, Australian, and many more governments have all done this within the last 100 years. So the clear answer to can the government confiscate your gold is yes.

A confiscation of gold is always accompanied by a prohibition of gold possession. Taking an insurance 'against confiscation' is, beyond the doubtful chance of ever receiving a payout, absurd, considering it will be illegal to possess gold after it is confiscated.

It is possible that some governments attempt to confiscate gold. But it is an extremely difficult exercise to both legally and logistically conduct… by Egon von Greyerz of Gold Switzerland. Will gold be confiscated? Yes, of course, it could be. Desperate governments will take desperate actions.

One of the primary concerns many #gold and #silver investors hold is whether the government will attempt to confiscate #preciousmetals like back in 1933.Fort...

“Gold is an anonymous currency, and at some point it will be a target for the powers that be, and it’s a very logical course that it’s on, but at much higher prices. That doesn’t happen at $2,000,” he said. Importantly, when gold was confiscated in the 1930s, the gold standard was still in place.

Your Answer

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Will 14k gold tarnish?

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Will vinegar dissolve gold?

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When will gold price increase?

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Will 10 karat gold tarnish?

yes

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Will acetone remove gold plating?

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Will alcohol remove gold plating?

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Will ammonia hurt white gold?

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