Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Gold Prices
Gold Price
[Most Recent Quotes from]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« Gold, Oktoberfest And The Great Illusion | Main | Interest rate hike a tougher call after a volatile week in the markets »

Gold Coins vs. Bullion

Posted on August 31, 2015 by 


Mr. Armstrong;

Because of the civil asset forfeiture laws I think I understand why you say own only gold coins before 1947 not bullion they can call cash. Am I correct?


ANSWER: Absolutely. Even that will not be a guarantee against government who has gone totally criminal. However, if you have circulated common date $20, $10, or $5 gold coins, at least you can argue it is a collection rather than bullion. It may not prevent 100% against confiscation for you still have crazy stupid government employees, but it is at least an arguing point.

When we first tried to mail ancient roman coins made into necklaces, the post office refused to accept them because it is ILLEGAL to mail money. We tried to explain that these are coins from the Roman Empire. They interpreted “coin” as money and therefore we could not mail them. We have to insure them as antiquities, not coins. It just does not help one’s blood pressure dealing with total stupidity in government agencies.

Hence, buying U.S. common date gold coins is at least a hedge. Some think that they will be fine since the Mint sells gold — well, the European government prints €500 notes and will confiscate them if you have them. You cannot reason with outright criminals, so why bother to even try?

Will a rate hike damage gold?

Have you plenty of cash for an aggressive buying strategy when the time comes?

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.



Winners of the GoldDrivers Stock Picking Competition 2007 






PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>