There are quite a few things that are prohibited in the mail as it is, adding metals to that list would not be difficult. The severe penalties if caught would also make few people risk it. Suffice to say buying gold with the intent of being able to ship it out of the US if needed is not a well informed investment strategy.First, it is not difficult to move your gold out of the country if you wanted to do that. There are many secure ways to ship packages, no matter how heavy.
No question there, but it is also more suitable for small payments.Junk silver takes up a lot more space than gold.
Lots of wealthy and influential people owned it in 1933, almost certainly more than even today. Gold ownership was prohibited even after 1971 for several years making the relevance of the standard to the private ownership issue questionable. Any assurance that it would not be confiscated seems simply speculative. Based purely on what we know about the past gold being illegal to own did happen and should be considered a risk by investors.It is highly unlikely that we would see a gold confiscation by the government at this point, at this point too many wealthy and influential people own gold. Does anyone think that the government would go around physically confiscating gold? When that happened in the 1930s the US was still on a gold standard, which hasn't been the case since 1971.
Statistics: Posted by rogue_economist — Tue Jul 16, 2024 11:49 pm