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<p>[QUOTE=&quot;Yankee, post: 695125, member: 18618&quot;]It was the height of the Great Depression. And the U.S. government desperately needed to shore up its financial position. So in a dramatic move, it took everyone&#039;s gold.</p><p>&nbsp;</p><p><font size="2">Could it happen again? Well, put it this way: Who could have imagined it would happen the first time around?</font></p><p>&nbsp;</p><p><font size="2">Every day on the radio, I hear ads about buying gold as a store of wealth. But folks who held gold as a store of wealth in the Great Depression had that &quot;wealth&quot; confiscated by the government.</font></p><p>&nbsp;</p><p><font size="2">I had lunch with my longtime friend Michael Checkan on Saturday. Michael&#039;s business is called Asset Strategies International. He finds legal ways to protect and diversify your wealth. Michael told me about a neat little idea he came up with. I thought the idea was worth sharing with you...</font></p><p>&nbsp;</p><p><font size="2">&quot;When the U.S. government confiscated gold back in 1933,&quot; Michael told me, &quot;you were allowed to keep your gold jewelry. The President didn&#039;t ask for Grandma&#039;s wedding ring.&quot;</font></p><p>&nbsp;</p><p><font size="2">So Michael started a gold jewelry company, called <a href="http://www.firstcollectorsguild.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.firstcollectorsguild.com/" rel="nofollow"><span style="color: #0066cc">First Collector&#039;s Guild</span></a>. This company is different from other jewelry companies. It thinks about the gold first...</font></p><p>&nbsp;</p><p><font size="2">For example, each piece of First Collector&#039;s jewelry measures exactly one ounce or five ounces of gold. Most gold jewelry is 14-karats (which is only 58% pure) or 18-karats (which is 72% pure). But each First Collector&#039;s piece is 24-karat gold – which is 99.99% pure.</font></p><p>&nbsp;</p><p><font size="2">These pieces are, of course, jewelry... not currency. </font></p><p>&nbsp;</p><p><font size="2">For example, if you wanted to, you could carry 100 First Collector&#039;s necklaces out of the country, and you wouldn&#039;t run afoul of the currency laws. And then you could convert them to money at most gold dealers in the world. It&#039;s like legal gold smuggling. </font></p><p>&nbsp;</p><p><font size="2">Now, I don&#039;t recommend doing this on any scale. First off, you&#039;d look like Mr. T. going through customs. And secondly, it&#039;s just not cost effective.... First Collector&#039;s jewelry is handmade and costs a premium over the price of gold. But a gold dealer will only pay you a discount to the gold price. Finally, I&#039;m not a lawyer, but I&#039;m sure that if you tried to bring a load of First Collector&#039;s jewelry across the border, someone would decide you&#039;re somehow breaking a law. </font></p><p>&nbsp;</p><p><font size="2">However, for a small portion of your gold, First Collector&#039;s jewelry is an interesting idea... </font></p><p><font size="2"><a href="http://www.dailywealth.com/archive/2009/sep/2009_sep_23.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.dailywealth.com/archive/2009/sep/2009_sep_23.asp" rel="nofollow">http://www.dailywealth.com/archive/2009/sep/2009_sep_23.asp</a> I looked at the jewelry selection it looks like quality stuff! <a href="http://www.firstcollectorsguild.com/products.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.firstcollectorsguild.com/products.html" rel="nofollow">http://www.firstcollectorsguild.com/products.html</a></font>[/QUOTE]</p><p><br /></p>

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