| Investors beware, in the 1930s, economic tough | | | | there are also no laws preventing congress from |
| times such as we face today and a need for | | | | changing that situation and reinstating it if the |
| stability in the markets caused President | | | | need arises. Therefore, it is never to be assumed |
| Roosevelt to recall all gold, confiscating it from | | | | that gold cannot be confiscated, or that certain |
| each individual who had money invested in this | | | | types of gold are not able to be confiscated by |
| precious metal. Although the order stated that | | | | the government. Ultimately, the government can |
| collectible coins were not a part of this recall, | | | | do what they want, and that includes using the |
| every other type of gold that was in circulation | | | | general public's gold investments to save the |
| for investment purposes was confiscated by the | | | | country from a national crisis, if they feel the |
| federal government. | | | | need. However, the government also has no way |
| Many people do not realize there is a law that | | | | of knowing if you actually posses any gold bullion |
| states that gold bullion can be confiscated in the | | | | or coins as long as you have purchased them in a |
| event of a national crisis, however, there is no | | | | private transaction. |
| stipulation that all collectible coins will be safe from | | | | Many dealers who try to tell people that coins |
| confiscation. More often than not, coin dealers and | | | | aren't able to be confiscated or that they have |
| companies use this tactic to scare people into | | | | rare coins that survived the 1933 call in are |
| buying collectible gold because they feel it is safe | | | | basically telling an untruth. The majority of these |
| and can't be taken away. | | | | companies get their coins from Europe and other |
| In reality, Roosevelt's order was his alone, and | | | | overseas locations, which is where a lot of |
| didn't set some sort of precedent as to how gold | | | | American collectible gold coins ended up after the |
| could be recalled in the future. In 1974, President | | | | call in, because the investors saw it as an |
| Ford actually repealed this order, and restored the | | | | advantageous move. |
| right for all Americans to own gold. Then, in 1977, | | | | To sum things up, there is a possibility that gold |
| Congress took away the right of the President to | | | | could be confiscated again, if things get bad |
| control and regulate gold transactions unless there | | | | enough in the economy. However, it's not likely to |
| was an incidence of war.. Any other national | | | | happen again, but you should never rule it out. |
| emergencies no longer allow the President to have | | | | Also, you should also never pay someone extra |
| an authority to call in gold or confiscate it from | | | | money for coins that are supposedly above the |
| U.S. citizens. | | | | law, because when it comes down to it, nothing is |
| There are no laws currently on the books to | | | | above the law and so called non-confiscate type |
| allow a gold call in or confiscation to occur, but | | | | coins are nothing more than a marketing gimmick. |