Confiscation of Gold
As a prudent investment allocation strategy I have dictated the importance of having gold as one of your asset classes.
Gold is used as an insurance policy on your portfolio, i.e, a form of hedging. In a long term strategy gold will move counter-cyclical to other asset classes. In essence, when certain asset classes drop in value…gold will rise and vice versa. Like any “insurance policy” do not expect to make money in gold, rather, it will balance or offset any undue risks.
Your holding of gold can be done via stocks, mutual funds, exchange traded funds (ETF) and ownership of the buillion (no this is not an excuse to buy gold jewelry).
There are benefits to owning the paper derivatives, namely, stocks, mutual funds and ETFs. With the present administration’s excessive mounting of debt and printing of money it is evident that inflation will be on the rise. Gold is a great hedging mechanism against inflation, war, financial crisis and just plain fear.
Although you may own the paper derivative ownership of gold I highly suggest you also purchase the buillion. But, in purchasing the buillion be careful which items you buy. The present administration is acting much like the FDR administration of the 1930’s and 1940’s. During that period FDR confiscated all the gold buillion from American citizens (see the attached Executive Order).
Executive Order Page 1 (jpg)
Executive Order Page 2 (jpg)
I would not be surprised at all if the present administration does the same as the dollar weakens and Americans collect gold. Get assistance in this area by purchasing the correct items of gold.
If you need help in this area please contact our office. We would be glad to assist you.
Email: paul@fgmci.com or phone: (713) 871-5919