myLot User Profile

Thursday, April 15, 2010

How to Buy Gold and Avoid Confiscation

Buy and Store Your Gold 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. You open an online account that can be funded from anywhere in the world and you can purchase your gold, silver or platinum at the touch of a button. The metals are independently audited and also insured by Lloyds of London. Check out the link below for more information.
Switzerland is an extremely safe country as far as gold goes. It houses 30% 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. It is neutral and high mountains and an obligation to own a gun makes is a hard invasion target.

Buy Semi Numismatic Coins
When gold was confiscated in the 1930s certain items such as collectors coins were exempt from confiscation. Old European Coins such as British sovereigns were considered collectors items and therefore exempt. These are fairly easy to pick up and not too high a premium. Check out your local coin dealer - you should not be paying any more than 10-15% premium over the spot value so do not be taken in by unscrupulous internet sites pushing these coins for 20-25% over spot!!!

Buy Scrap Gold Jewellery
This is just my opinion but in the event of gold confiscation do you really think the government will come knocking trying to take everyone's wedding rings and other prized sentimental gold items. You can buy scrap gold jewellery on Ebay or your local coin dealer for very close to the spot value of the gold. your item will always reflect the current price of gold. Check out the Scrap Gold Calculator linked below for values of scrap gold jewellery items

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Or get the scrap gold calculator for your iPhone or Android

Gold Bug Calculator - In Gold We Trust

Get it on Google Play


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