Gold confiscation – any thoughts?
In general we see gold confiscation as possible, but unlikely. Currently the US government can print enough paper money to simply buy gold from the market. However, in 1933 President Franklin Delano Roosevelt signed Executive Order 6102, "The Gold Confiscation Act," and for the next forty-one years it was illegal for U.S. citizens to "hoard" gold, so it wouldn't be the first time.
Some say “better safe than sorry” and we concur. So, it seems prudent to geographically diversify your assets. Allocating your holdings within different countries makes you less vulnerable to a possible gold and silver trading ban. Of course, it should be done with respect to the law.
If you have your physical gold/silver secure and speculate only with the capital that you can afford to lose, then you shouldn’t get too worried.
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