One concern of retail precious metals investors is the possibility of a gold confiscation.
Imagine having the forethought to buy gold to shield your finances from an economic or monetary crisis, only to have it taken away from you by your government. You’d lose not just the protective buffer you put in place but potentially a chunk of your net worth.
Gold confiscation may sound preposterous to investors used to securities or real estate. But it’s happened in the past enough times to make it a reasonable concern for those uneasy about unsolvable debt levels, runaway government spending, and continual central bank money creation. Watch this video for the complete history of gold confiscation and what you can do to protect yourself.
- Source, Gold Silver