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re: Gonna buy my first gold coin today
Posted on 9/6/13 at 10:16 am to Broke
Posted on 9/6/13 at 10:16 am to Broke
My 5 dollar gold piece is set in a gold bezel and I wear it on a chain around my neck.
It is one of the gold pieces that my grandfather held back during Roosevelt's "confiscation". Of course, one cannot strictly say the gov. confiscated the gold, but my Grandpa was worried that he would not a have means to convert when he needed cash for transactions and take care of his family.
He distributed the gold pieces among his grandchildren as a reminder of the power of gov.
My gold piece looks great on a a cashmere sweater.
It is one of the gold pieces that my grandfather held back during Roosevelt's "confiscation". Of course, one cannot strictly say the gov. confiscated the gold, but my Grandpa was worried that he would not a have means to convert when he needed cash for transactions and take care of his family.
He distributed the gold pieces among his grandchildren as a reminder of the power of gov.
My gold piece looks great on a a cashmere sweater.
This post was edited on 9/6/13 at 10:17 am
1
Posted on 9/7/13 at 8:08 am to Blakely Bimbo
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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