Numismatic Gold & Silver coins help protect your personal financial privacy
Today more Investors are seeking ways to preserve as much of their personal financial privacy as possible. Numismatics help in this regard. Numismatic gold & silver coins for physical delivery requires no reporting at the time of acquisition or liquidation. Nor are you required to provide your social security number when you purchase or sell numismatic gold.
Numismatic gold coins can help safeguard your gold holdings against the potential of government restrictions on gold ownership
Many don't know or realize that in the US, private gold ownership is not considered a right. In fact, in 1933, during the regime of President Franklin Delano Roosevelt, a law was passed ordering all owners of gold to turn that gold into the US Treasury and it was illegal to own gold in the US from 1933 to 1974.
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.
Certain Numismatics coins are allowed in IRA's