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re: Just dumped some cash and bought gold, good or bad?
Posted on 8/16/14 at 12:25 am to JoeMoTiger
Posted on 8/16/14 at 12:25 am to JoeMoTiger
Well, maybe I am mistaken.....what makes you think that something being legal tender protects it from possible confiscation?
1
Posted on 8/16/14 at 12:49 am to Volvagia
quote:
Well, maybe I am mistaken.....what makes you think that something being legal tender protects it from possible confiscation?
In the past when gold was confiscated any gold coins that were minted prior to 1933 were exempt because they were considered collectables. If the government does declare all gold is subject to confiscation it would really make you wonder why would it not? I mean after all US currency is king right? you would not want that stinky old gold.
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