That’s how Mike Maloney begins his new video, a discussion with Jeff Berwick of Dollar Vigilante, on the possibility of gold confiscation.
While Mike says confiscation “probably won’t happen, you’re screwed if all you own is coins and bars.”
In other words, the risk isn’t zero. As many investors know, gold was illegal to own in the US for 50 years.
Is there a way for an investor to hedge against such an event?
Gold Bullion Jewelry might be a solution. As Mike says, “gold bullion jewelry is meant to give mobility and safety, and is the least likely form of precious metals to be nationalized.”
It’s ideal for travel, because, as Mike points out, “it doesn’t have to be declared on a landing card.” Customs forms specifically ask about currency and cash equivalents—but jewelry is not classified as a financial instrument.
As a result, he owns some gold jewelry as a tail risk.
There’s another advantage with pure gold jewelry: you avoid the mark-up that comes with most commercial jewelry today. The cost of gold bullion jewelry is based solely on the price of gold plus fabrication—no gemstones, no fancy extras, no extraneous mark-up. And of course it’s beautiful.
Watch the full video here: Download Mike's best-selling book for free here: Thanks for sharing and clicking that 'Like' button. For those wondering why our videos don't appear in their subscription feed immediately - we release our clips to our free weekly email readers first, then later we publish to YouTube. Sometimes it's just hours, sometimes it's a couple of days later. This is to encourage people to join our free newsletter - because one day, we may not have YouTube to rely on. Join our free newsletter list by going to and entering your email address in the 'Get Market Alerts' box at the bottom of the page. As always, thank you for your support. M.
(Want to contribute closed captions in your language for our videos? Visit this link:
0 Comments