Step 1: Numismatic Coins vs. Bullion – Round 4

Gold Confiscation as a Marketing Scheme

This Round Goes To: Bullion!

1 oz silver britannia coin

Overview

Gold confiscation is a marketing scheme, according to Tarek Saab of Texas Precious Metals. We must say that we couldn’t agree more. Many companies have found that the margins they can realize when selling bullion products are too low, and so they use the gold confiscation argument to sell very high-priced (let’s be honest – wildly overpriced) numismatic coins, where the margins are many, many times higher.

The Argument Goes Something Like This:

  1. In times of economic turmoil, the US government could, or would, outlaw private ownership of gold, like FDR did in 1933, especially if we saw a crash in the dollar and an exponential rise in the price of gold.
  2. This ban would not apply to collectible items, such as numismatic coins, much like it would not apply to jewelry.
  3. Therefore, you would get to keep your gold.
  4. So buy numismatics from us.

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Disclaimer: Information contained in this article is NOT to be considered investment advice. Do your own research, consult with an investment adviser and evaluate your individual situation before making investment decisions.