During this period, some Americans chose to own gold stored overseas and, in 1963, President John F. Kennedy issued an executive order declaring that illegal as well.
In 1974, gold was “legalized,” but the law that legalized private ownership of gold left it at the president’s discretion as to whether it would be in the best interests of the country to allow private citizens to hold gold and, at any time, by mere executive order, the president retains the authority to outlaw the private ownership of gold and confiscate the gold that is in private hands.
This is where the advantage of numismatic gold comes in to play. Numismatic gold coins in the past have been specifically exempted from the laws and regulations pertaining to gold confiscation. This makes them an extra-secure way to own gold.
Numismatic gold coins are a fabulous way to diversify your investment portfolio.
Just about everyone is familiar with the old saying “don’t put all your eggs in one basket.” This axiom definitely applies to investing. Diversification is one of the keys to long-term success. The key to true diversification is to have a mix in your portfolio that do not share characteristics. Numismatic gold is especially useful because these coins tend to move independently of paper investments, such as stocks and bonds. This makes them a great way to diversify your portfolio.
Numismatic gold is liquid and marketable.
Because of sight-unseen trading of certified rare coins, numismatic gold is one of the most liquid collectable investments of all. And, with a network of dealers from coast to coast, major coin shows across America throughout the year and a large and growing collector base, numismatic gold coins are also marketable; in other words, you can usually find a buyer so that you don’t have to “take a bath” if you need to sell.
Numismatic gold has real, tangible value you can literally feel in your hand.
Unlike paper investments, no one can ever say of numismatic gold that it isn’t worth the paper it’s printed on. Since they were minted from real gold mined right here in America in previous centuries, each numismatic gold coin also has intrinsic value, no matter what happens to their numismatic, or collector, value.
Numismatic gold coins are easy to own and easy to move.
With numismatic gold coins, you can concentrate a great deal of wealth in a small package and, if necessary, transport that wealth discretely. Try that with other tangible assets, such as real estate, art, or even classic cars.
You do not have to be rich to own numismatic gold.While there are many wealthy coin collectors and investors around the world, it is certainly not necessary that you have a great deal of accumulated wealth to own a nice collection or portfolio of numismatic gold coins. In fact, you can get started with just a few thousand dollars.
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