It may not seem legal, to confiscate your stuff like that, but the law is on the government’s side. And you know what, it’s happened before in the United States.
National emergencies are used to protect citizens in times of war or national hardship. Franklin Delano Roosevelt used this rationale back in 1933 when he declared a national emergency in one of his first acts as President of the United States. That declaration resulted in the government confiscating the gold owned by private citizens. They weren’t allowed to cash in their gold for paper money or anything else of value, and they were told to give up their gold or go to jail. Now, these laws only applied to gold. Citizens were allowed to keep their diamond jewelry, their silver watches, rings, and even platinum, which were in short supply. But the government claimed all the gold.
Today, American money is backed by the collective “belief” in its value, not gold and certainly not silver. So what is to stop the government from once again taking private gold and or jewelry? The answer is nothing. There is nothing to stop the procedure if the government decides this is what it needs to do to bolster its value in the eyes of the rest of the world. New legislation such as the Patriot Act passed in 2003, makes gold confiscation an eventuality rather than a possibility.
So what to do as a private citizen? Smart people are opting to take cash for gold, selling it at a profit to reputable dealers willing to pay top dollar for it. Or, you can protect your wealth by converting to platinum. Platinum is considered an industrial metal and is therefore not used to shore up the value of American currencies. Turning your gold and broken or no longer worn jewelry into cash is easy. A simple search online will turn up a multitude of dealers ready, willing, and able to strike a deal.
Most will mail out a free return pack. All you have to do is place the items you want to sell inside the pack and mail it back. In a little more than a week, your dealer will send you a check for the cash value of your gold. Most of these dealers trade in gold, silver, platinum, scrap jewelry, diamonds, watches, rings as well as other precious metals and materials. Selling your gold for cash before the government comes knocking on your door, is the wisest thing to do to protect your family’s wealth and well-being.