Gonna buy my first gold coin today | Page 2 | TigerDroppings.com

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fatboydave
LSU Fan
Fat boy land
Member since Aug 2004
6894 posts

re: Gonna buy my first gold coin today


dont





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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
30530 posts

re: Gonna buy my first gold coin today


So is it shiny? We need pics, you know.





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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Gonna buy my first gold coin today


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





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84334 posts
 Online 

re: Gonna buy my first gold coin today


quote:

then rolled it over to a later expiration, which consequently expired at zero.
That means you lost money. Good job....






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84334 posts
 Online 

re: Gonna buy my first gold coin today


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 at 10:40 am


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chuckitdeep
LSU Fan
Member since Nov 2008
605 posts

re: Gonna buy my first gold coin today


Anyone go or been to the coin show in Baton Rouge this weekend? Any deals?





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84334 posts
 Online 

re: Gonna buy my first gold coin today


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.






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Blakely Bimbo
Alabama Fan
Member since Dec 2010
1129 posts

re: Gonna buy my first gold coin today


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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