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re: Gonna buy my first gold coin today

Posted on 9/7/13 at 2:06 am to
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 9/7/13 at 2:06 am to
dont
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 9/7/13 at 8:01 am to
So is it shiny? We need pics, you know.
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 9/7/13 at 8:08 am to
be careful. the government still claims ownership of that gold and could confiscate it if the right person in authority decided to do it. there was a recent case where a family discovered some gold hidden by their father or grandfather during the confiscation years. they took it to the government for some reason to get it assessed and the government decided to seize the gold. I will go look for the article
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 9/7/13 at 10:23 am to
quote:

then rolled it over to a later expiration, which consequently expired at zero.
That means you lost money. Good job....
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 9/7/13 at 10:36 am to
quote:

be careful. the government still claims ownership of that gold
*sigh*

Wiki, why are you so willfully ignorant?

Public Law 93-373 legalizing of ownership of gold in the U.S. was passed and signed by President Ford and went into effect on December 31, 1974. The law "permits United States citizens to purchase, hold, sell, or otherwise deal with gold in the United States or abroad."

"Citizens" has been defined to include corporations and commercial banks.

Don't believe wiki when he posts his usual paranoia-filled lies

This post was edited on 9/7/13 at 10:40 am
Posted by chuckitdeep
Member since Nov 2008
730 posts
Posted on 9/8/13 at 10:38 am to
Anyone go or been to the coin show in Baton Rouge this weekend? Any deals?
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 9/8/13 at 10:54 am to
quote:

Anyone go or been to the coin show in Baton Rouge this weekend?
Be sure you call the venue hosting the show before you go. I went to the one last fall at the Holiday Inn on Airline Hwy in BR only to learn it was canceled without any notice.
Posted by Blakely Bimbo
Member since Dec 2010
1183 posts
Posted on 9/8/13 at 2:22 pm to
quote:

be careful. the government still claims ownership of that gold and could confiscate it if the right person in authority decided to do it. there was a recent case where a family discovered some gold hidden by their father or grandfather during the confiscation years. they took it to the government for some reason to get it assessed and the government decided to seize the gold. I will go look for the article


Wiki, that case IIRC correctly had special circumstances. I think it had something to do with the Mint.

My grandpa only held back a small amount and he told me that it was allowed. He considered himself a patriotic American, but he was also worried that he would not be able to convert to paper when he needed money to take care of his family.
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