If you are going to acquire private gold or buy silver as a hedge against inflation or as insurance against an economic collapse I’m sure you’re going to want to feel confident that the precious metals are YOURS. Many of the most common purchases from precious metals brokers are of government issue coins like the American Eagle or Canadian Maple Leafs.
While these are certainly recognizeable, of consistent quality, and hard to counterfeit – they are also still the property of the government who issues them. They are currency, and as such you are simply the bearer of the coin, not the owner.
• Under the currency or coinage Acts
of almost all nations, the government (and/or central bank) at all times
directly owns the coins and notes issued in that country. This means that if
you purchase a bullion (gold or silver) coin issued by government, you are only
the BEARER of the coin, and never the outright owner. The issuing government
owns the coin.
When
you purchase non-legal-tender, privately issued coinage, you are the outright
OWNER, not just the bearer.
There
are certainly many different opinions about whether or not we’d face another
gold confiscation like the one ordered by Roosevelt in 1933. Times are
certainly different now than they were in the 30′s, but I’d still prefer not to
take my chances in owning a government issued coin. Desperate governments will
take desperate measures and the wold’s governments are getting pretty desperate
right now!
Dan Giercke is a student of wealth cycles and the investments of the wealthy. As a result of many years of research and inquiry, he now shares his knowledge with a passion for helping others achieve financial freedom.
You can learn more about protecting, preserving and prospering your wealth by visiting http://www.getprivategoldandsilver.com
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