Don’t think of gold as an investment, but as a way to preserve wealth for the long term. The ultimate buy and hold. That is why govts try to seize it from private citizens when financial markets crash and cash (aka givt promissory notes) means nothing In 1933, FDR (via Executive Order, not even law) had the Federal Government seize all private gold holdings.
The Feds raided safe deposit boxes, and US citizens who had gold were arrested and their assets taken.
We all know Obama is ruling by "Executive Order", and that Congress will never stop him.
What makes anyone believe that when the next crash happens, Obama and his private alphabet soup agency private armies won't take all gold and silver?
All he has to do is say that private holdings of gold and silver are illegal, and cannot be stored, transferred, or used in any transaction for barter or commerce.
Stroke of the pen.
what makes you think people will surrender it?
Dang, mine got dropped in the Bay while I was out boating
Just wait out the tyrant, pass it to your kids or theirs
an underground or alternative market will evolve and gold will always have value
and most of the American people will always be smarter than their government masters- at least those that still have the genetic material of the settlers who came here for that reason
What gets me is when FDR confiscated citizen’s gold, most just sheepishly complied, and that was before all our liberties had been taken away by big federal gov’t. Now it would be easy pickens.