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<p>[QUOTE="Cloudsweeper99, post: 166190, member: 3011"]I think current year American gold eagles and maple leafs are less likely to be counterfeited and much easier to buy and sell for prices close to spot. The chance that government agents are going to go door to door in America searching houses for gold coins is something I rank pretty close to zero probability. The last time gold was confiscated, it was done as coins passed through the banking system and not through searches and seizures. Since the conficsation of gold at this point would be interpreted by the market as an admission that Federal Reserve Notes and Treasury bonds were completely worthless, it probably isn't on the top ten list of responses to a financial emergency where the idea is to restore confidence, not initiate panic.</p><p><br /></p><p>If I wanted to make a bulk purchase, I'd do it through a local coin dealer and pay cash instead of ordering online, which just isn't as safe in my opinion and maybe not the way to go for what you are trying to accomplish. The dealer may also be able to hunt down some circulated $20 gold Liberties that have been authenticated and ususally don't sell at a large premium, particularly if the dealer knew you wanted to buy a meaningful amount. </p><p><br /></p><p>A little different would be to invest in gold by buying the GLD ETF. The stock trades on the NYSE but the gold is stored in London, so it isn't easy to confiscate. Also, I think Scotiabank in Canada lets you buy physical gold coins and they will store them for you. And fidelitrade.com lets you buy gold stored in the Comex warehouses in various amounts. I've never dealt with either organization so I can't vouch for their service. But there are many ways to own gold. If you plan to invest a significant amount of money, spreading it around seems safer than keeping all of the gold in one form in one place.</p><p><br /></p><p>Also, don't completely ignore silver coins. Rolls of silver eagles might fit into your program.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 166190, member: 3011"]I think current year American gold eagles and maple leafs are less likely to be counterfeited and much easier to buy and sell for prices close to spot. The chance that government agents are going to go door to door in America searching houses for gold coins is something I rank pretty close to zero probability. The last time gold was confiscated, it was done as coins passed through the banking system and not through searches and seizures. Since the conficsation of gold at this point would be interpreted by the market as an admission that Federal Reserve Notes and Treasury bonds were completely worthless, it probably isn't on the top ten list of responses to a financial emergency where the idea is to restore confidence, not initiate panic. If I wanted to make a bulk purchase, I'd do it through a local coin dealer and pay cash instead of ordering online, which just isn't as safe in my opinion and maybe not the way to go for what you are trying to accomplish. The dealer may also be able to hunt down some circulated $20 gold Liberties that have been authenticated and ususally don't sell at a large premium, particularly if the dealer knew you wanted to buy a meaningful amount. A little different would be to invest in gold by buying the GLD ETF. The stock trades on the NYSE but the gold is stored in London, so it isn't easy to confiscate. Also, I think Scotiabank in Canada lets you buy physical gold coins and they will store them for you. And fidelitrade.com lets you buy gold stored in the Comex warehouses in various amounts. I've never dealt with either organization so I can't vouch for their service. But there are many ways to own gold. If you plan to invest a significant amount of money, spreading it around seems safer than keeping all of the gold in one form in one place. Also, don't completely ignore silver coins. Rolls of silver eagles might fit into your program.[/QUOTE]
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