Gold Confiscation? Juice Not Worth the Squeeze
Brandon White - July 2021
Many gold investors worry about government confiscation or expropriation of the metal they own. They often cite the 1933 precedent where, by Executive Order of the President of the United States, Americans were required to turn in any gold coins, bullion or certificates held that were in excess of five ounces. Having worked in the gold sector for many years, I am often asked about this and what I believe might occur in the future. In short, I do not believe that the U.S. government (or that of any Western nation) will repeat such an action today, for several reasons.