CAT^ asked:
From my research, I’ve learned that US gold ownership is a privilege, not a right (US Confiscation Law 1934). If I invest in coins, even 1933 and earlier, there’s no guarantee that during a depression they won’t be confiscated. Is there a better way to protect my cash?
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{ 3 comments }
90% of the worlds gold has already been mined. so it can only go up.
Gold coins are always an excellent investment. Precious metals of any kind are generally a safe bet unless there is a massive manipulation of the market like there was in the silver market a few decades back.
I agree that your portfolio should be highly diversified, so that if one sector of the economy is depressed, all of your funds will not be in one industry or type of investment. Also, you should plan for long-term growth that is relatively sate over short-term growth that is risky.
Ok I will bite.
Where in The US Constitution or Declaration of Independance does it say the ownership of property is not a right?