re: Gonna buy my first gold coin today

quote:

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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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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.