How would the government know I have it? Would they just look at my previous bank transactions from metal websites?Confiscations has happened before, and will happen again.
Truth be told, gold, platinum, palladium are way too much of a hassle in terms of value dissonance and upfront costs for run of the mill investors.
I like silver personally.
Buying a roll of silver coins every once in a while adds up over time, doesn't nuke your wallet, and dodges historical confiscations since it's all GOLD GOLD GOLD when it happens.
It wasn't really tracked back then so most people hid it an claimed ignorance.How would the government know I have it? Would they just look at my previous bank transactions from metal websites?
I only know the basic summary of 1933's gold confiscation, so don't know how they enforced people to do this. I would think threat of jail time and a fine would be worth risking if the government was literally going to storm in and take your gold. I know a horrible depression was going on, but why didn't the people fight more against it?
The asset doesn't really matter.If I'm just in it for protection against a financial crisis, what is the best thing to get that will basically equal the US dollar worth? (I'm a beginner at this so please bear with me). I keep hearing conflicting opinions.
I know nothing probably as the values keep going up and down although gold prices tend to get higher.
I got a 1/10oz American Gold Eagle as my first buy at $200. Probably not the best time to do it during the coronavirus. Within 24 hrs I wanted to cancel it.
Given this,Nowadays there's electronic transaction records like credit card purchases, bank records of deposits, vendor records, and so on.
For example, in Canada, vendors are required to maintain and submit gold transaction records upon request by the RCMP like firearm vendors.
this is starting to seem pretty attractive.For a while I was obsessed with reclaiming gold from old computer boards/processors.
I even found the recipe to make aqua regia which is one of the few solutions that will break down gold and other noble metals.
I'm not a fan of it, and it's almost a punchline:I have a strange infatuation with gold, I must have some swiss in me.
this is starting to seem pretty attractive.
Is there any other way besides reclamation to safely and discreetly own gold & silver?