Friday , January 17 2020
Home / Jay Taylor Media / What’s your backup plan if gold is confiscated?

What’s your backup plan if gold is confiscated?

Summary:
Editor’s Note: Nothing in this video constitutes legal or tax advice, and you should not rely on its claims as such. “If the survival of the dollar is threatened, you cannot rule out the government trying to make gold and silver illegal again.” That’s how Mike Maloney begins his new video, a discussion with Jeff Berwick of Dollar Vigilante, on the possibility of gold confiscation. While Mike says confiscation “probably won’t happen, you’re screwed if all you own is coins and bars.” In other words, the risk isn’t zero. As many investors know, gold was illegal to own in the US for 50 years. Is there a way for an investor to hedge against such an event? Gold Bullion Jewelry might be a solution. As Mike says, “gold bullion jewelry is meant to give mobility and safety, and

Topics:
Mike Maloney considers the following as important: , , , , ,

This could be interesting, too:

Mises Institute writes EEUU a Irak: «voten todo lo que quieran, no nos vamos a ir».

Peak Prosperity writes Daily Digest 1/16 – Stocks climb new peaks on trade deal, Trump tax cut hands billion windfall to Banks

Daily Pfennig writes Where’s The Mousetrap?

Chris Vermeulen writes Shifting Undercurrents In The US Stock Market

What’s your backup plan if gold is confiscated?
What’s your backup plan if gold is confiscated?

Editor’s Note: Nothing in this video constitutes legal or tax advice, and you should not rely on its claims as such.

“If the survival of the dollar is threatened, you cannot rule out the government trying to make gold and silver illegal again.”

That’s how Mike Maloney begins his new video, a discussion with Jeff Berwick of Dollar Vigilante, on the possibility of gold confiscation.

While Mike says confiscation “probably won’t happen, you’re screwed if all you own is coins and bars.”

In other words, the risk isn’t zero. As many investors know, gold was illegal to own in the US for 50 years.

Is there a way for an investor to hedge against such an event?

Gold Bullion Jewelry might be a solution. As Mike says, “gold bullion jewelry is meant to give mobility and safety, and is the least likely form of precious metals to be nationalized.”

It’s ideal for travel, because, as Mike points out, “it doesn’t have to be declared on a landing card.” Customs forms specifically ask about currency and cash equivalents—but jewelry is not classified as a financial instrument.

As a result, he owns some gold jewelry as a tail risk.

There’s another advantage with pure gold jewelry: you avoid the mark-up that comes with most commercial jewelry today. The cost of gold bullion jewelry is based solely on the price of gold plus fabrication—no gemstones, no fancy extras, no extraneous mark-up. And of course it’s beautiful.

Tune in to hear Mike discuss gold jewelry, along with why we must use the word “money” only when referring to gold and silver.

Leave a Reply

Your email address will not be published. Required fields are marked *