Diversify Your Gold Portfolio

By Cindy Wilson

You should diversify your portfolio with gold and you should also diversify your gold portfolio. There are many different types of gold you can invest in and diversify your gold portfolio, including gold bullion, domestic and foreign, modern gold coins, domestic or foreign and antique gold coins, domestic and foreign.

There are many options of gold withing each category that also allows you to either receive and store your own gold or allow the broker or dealer to store your gold for you. Most people that are buying gold in case of financial disaster feel that keeping your own gold is the whole point of buying gold. Those investors believe that because of the antique gold coins intrinsic and collector value that they are immune confiscation by the government.

On the other hand, gold bullion in recent history has been confiscated by the US government and there are several organizations that are trying to push legislation through that will fix that situation by not allowing the government to be able to confiscate personally owned gold bullion or coins of any kind.

Can the government confiscate foreign gold bullion or coins from US investors? When gold was confiscated by President Roosevelt in 1933 gold that was minted by foreign countries “earmarked or held in trust for a recognized foreign government or foreign central bank”

If we go by the historical events foreign gold bullion and gold coins would be safe from US government confiscation. That’s the way it happened before, but that’s not guarantee that’s the way it will happen again. The government can and often does create laws to fit the situation, no matter what happened before.

Older gold coins are pushed by telemarketers and many dealers because of their higher profit margins. Many dealers and sales people prey on buyer’s fears about the historical gold confiscation. President Ford issued his own directive that repealed Roosevelt’s executive order.

Then Congress in 1977 removed the president’s authority to regulate gold transactions during a national emergency other than war. What’s that mean? Probably nothing. Sales people that use historic events to sell their most profitable inventory are not being completely honest and preying on investor fears of previous events. This shows that the previous gold confiscation has nothing to do with what the government may do in the future.

Just because President Roosevelt exempted antique gold coins and foreign bullion doesn’t mean a current administration would go by those same guidelines. The truth is, no one knows what will happen in the future, especially in the event of a financial collapse. - 23687

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Information for buy gold coins and antique gold coins at Buying Gold Coins Online and How to buy Gold Coins