How to Buy Gold and Avoid Confiscation
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Switzerland is the ultimate safe haven.titlis is switzerland image by Gary from Fotolia.com
Buy gold and store it in Switzerland. As complicated as this may sound, it is actually very simple. There are a number of companies that will purchase and arrange extremely safe storage in Switzerland. Open an online account that can be funded from anywhere in the world, then purchase your gold, silver or platinum at the touch of a button. The metals are independently audited and insured by Lloyd's of London. Check out GoldMoney.com for more information. Switzerland is an extremely safe country to store gold (or any personal assets for that matter). It houses 30 percent of the world's private wealth, and its private banking system is its main source of income, so any move to confiscate gold would be devastating to the economy. Switzerland is politically neutral and surrounded by high mountains. Additionally, all men have to do national service in the army and keep a gun at home, making it an extremely unlikely target for invasion. - 2
European gold coins are a possible hedge against confiscation.Gold coins image by Dmitriy Lesnyak from Fotolia.com
Purchase semi-numismatic or collectors' coins. When gold was confiscated in the 1930s, certain items such as collectors' coins were exempt from confiscation. Old European coins, including British sovereigns, were considered collectors' items and therefore exempt. These are fairly easy to pick up either on the Internet or at your local coin dealer. You should not be paying any more than 10 to 15 percent premium over the spot value, so do not be taken in by unscrupulous Internet sites pushing these coins for 20 to 25 percent over the spot price of gold. - 3
Scrap gold jewelryGold jewelry set image by lune from Fotolia.com
Invest in some scrap gold jewelry. In the event of gold confiscation, it is highly unlikely the government will come knocking to take your wedding rings and other prized, sentimental gold items. You can buy scrap gold jewelry on eBay or from your local coin dealer for close to the spot value of the gold. Your item will always reflect the current price of gold. The most important thing to know is the current value of the scrap gold you are thinking of buying. There are several online scrap gold calculators that can help, such as In-gold-we-trust.info.
