The 8 Piece Set of Earlier US Gold Coinage
Looking for additional rarity or privacy in your gold holdings? And a reasonable
explanation of how the 1933 gold confiscation might impact investment thinking.
Consider US gold coins, minted before 1933 and graded
Mint State 63 by The Professional Coin Grading Service.
The PCGS Grading Process Video.
5 Reasons To Add The 8 Piece Set Gold Set To Your Holdings
1. Many coin professionals believe high grade U.S. certified gold coins to be scarce, underrated and more importantly have the widest general appeal to the public. Now compare the large number of potential buyers with the small number of 8 Piece Set PCGS MS63 available today. This price dynamic presents a great opportunity.
2. PCGS certified gold coins are universally traded and owned and so create demand both in this country and abroad. We mean great collectors, wealthy royalty and government treasuries all value United States gold pieces, and for good reason. They know market after market these early gold coins remain valuable and represent true wealth.
3. There could be as many as 20 million collectors of early gold coins already in place because they possess a strong psychological drive to own what is no longer available and is not easy to attain. So a large base which appreciates and wants to own gold coins struck before 1933 is already on the books. New investors are the unknown dynamic which we believe will increase demand.
4. The 8 piece set is a part of America’s “golden era” of numismatics in which the designs have been acknowledged as the world’s finest artistic effort. An important aspect, even if you’re a “bottom line” type of investor. And because early gold pieces are dated coins you can easily wonder if the coin in your hand was part of a fabled gold rush or an old miner’s dream.
5. Let’s discuss value. It’s not abstract, it is a function of demand, investor base, and intrinsic or weight component. There are other considerations like beauty, rarity, and affordability. All of which have a direct bearing on a coin’s worth. Now try to imagine 100% of all the factors that positively impact gold coin value. We believe that the 8 Piece Set PCGS MS63 certified gold satisfies 95% of these factors.
My Recommended 8 Piece Set
The Confiscation Question And The 8 Piece Set
The beauty of this idea is that United States gold coins struck before 1933 may not be subject to confiscation. The government created the power to confiscate under a law called the Gold Reserve Act of 1933. And the law can still be used according to Congressman Ron Paul. Early gold coins are exempt from the traditional reporting rules that are common to gold bullion coins because they fall into the better defined area of rare coins which were not sought in the confiscation sweep of the 1930′s.
Most Pre-1933 Gold Coins Are Circulated or Have Been Melted
We suggest the PCGS MS63 grade of Choice Uncirculated because the number of coins which will qualify for this grade is small relative to the number of coins minted. Compare the mintages of our eight gold coins to the number of MS63 examples PCGS has graded since 1986 and you will find that less than 1/2 of 1% of all coins minted would now qualify!
But how can we be sure of the total number of MS63 examples? That is easy too if your coins are PCGS graded. Independent grading was an unparalleled idea for the coin business, but an even more ingenious notion was a book you may not have seen. It’s called The PCGS Population Report and to the layman it’s nothing more than column after column of numbers. But upon closer examination The Population Report is a great way to scientifically choose the best coin, because it lists every coin graded by PCGS. Each PCGS coin then receives a unique identification number, which goes into their computer database. And because of its permanent holder the I.D. number, coin, and assigned grade are easily studied by today’s investor.
Gold Confiscation In 1933
Makes The 8 Piece Set A Powerful Investment Choice
For most people the story of US gold confiscation is not well known. But before you can understand what is happening now it’s important to see how we got into this monetary fix, and why our government is in no position to help us. And when you realize how we were all robbed of the right to own gold in 1933 you will understand how to turn this into a financial advantage.
Gold ownership in the U.S. was prohibited from 1933 through 1975. You see in 1933 our gold coins were confiscated and melted by the U.S. Treasury. That is what constitutes most of the US gold reserves held today.
In 1933 it was not legal for us to own our own gold coinage but the Europeans were not included. So as the US prohibited its citizens from owning gold, it kept the gold window open and in doing so attempted to support US paper currency. The Europeans in turn exchanged our currency for real gold pieces and stored the coins in Swiss and German bank vaults! Nixon stopped this practice on July 15, 1971 but by then the damage was done and much of our gold was stored in the banks of Europe.
In 1933 unemployment was over 25%, banks were failing and people had lost hope. This human catastrophe prepared the public to participate in the biggest swindle ever seen in this great country.
A newly elected President Roosevelt and a desperate Congress were willing to try anything and in the process suspended some basic freedoms. Why Roosevelt did this was straightforward. If people were prohibited from owning gold they would be forced into currency. If they wanted to earn interest they had to go back to the banks and stop the growing daily runs on the banking system.
The Steps Our Government Used To Confiscate Gold
1. In 1917 the Trading With The Enemy Act was created. It allowed the president to control and investigate currency transactions including who had gold. This Act was an emergency power granted for World War I, its use later on was unexpected.
2. On March 9, 1933 this act was amended “To provide relief in the existing national emergency in banking, and for other purposes.”
3. It said the President may declare an emergency and prohibit “export, hoarding, melting, or earmarking of gold or silver coin or bullion or currency, by any person within the United States”.
4. It went on to state that “the President may require any person engaged in any transaction referred to in this subdivision to furnish under oath complete information relative thereto, including the production of any books of account, contracts, letters or other papers, in connection therewith in the custody or control of such person, either before or after such transaction is completed”.
“Whoever willfully violates any of the provisions of this subdivision or any license , order, rule, or regulation issued thereunder, shall, upon conviction, be fined not more than $10,000, or, if a natural person, may be imprisoned for not more than ten years”.
These quotes were taken from Public Laws Of The Seventy-Third Congress of the United States of America. It is an 8 page document that was adopted March 9, 1933.
On April 5, 1933 President Roosevelt issued the now famous executive order:
a. It prohibited gold ownership by U.S. citizens.
b. It provided 14 days to turn in gold coins for compensation in legal tender.
c. It imposed penalties if you did not turn your gold in and branded all people with gold as unpatriotic “hoarders”.
Our government then plundered America’s only honest money by melting the coins and storing the resultant bars in Fort Knox. The price of gold before 1933 was $20 an ounce and after the gold coins were collected Uncle Sam moved the official price to $35 an ounce! They made a fortune. The American public lost an equal amount.
The Relationship Between Government Spending And Gold Prices
Today’s out of control government spending is your key to investment success. We believe that in an effort to pay for its unsustainable debt the U.S. rushes to increase its money supply and in the process creates inflation. You have heard this theme before and in each inflationary wave Americans have paid the price in their standard of living. But this time around there has either been a lag in this cause and affect scenario and the government numbers are unreliable because of reporting changes. But make no mistake because inflation is on the way and will further erode your purchasing power. In fact if today’s government spending is not dramatically reduced it could well create a hyperinflationary wave like we have never experienced in modern times.
When inflation heats up the dollar gets weaker and people wonder what is happening to their savings as purchasing power goes down. At first these losses are small and few are alarmed but over time this process takes its toll. The cycle is repeated as the U.S. once again spends too much and a series of deficit years are created and so the government again is forced to print too much paper money. This is then the true definition of inflation: Too much paper money chasing too few real goods or services. Since time began the result of printing too much money has been to devalue the currency and in the process move the price of gold higher.
The real crime here is that the American public is always told that excessive deficit spending is done in their own interest. The government rational might be that it was necessary to create jobs during tough economic times or to pay for a war but in the end this process debases the value of money and lowers everyone’s standard of living. We believe that when gold and other hard assets react to this devaluation their prices will move higher.
Five More Reasons The 8 Piece Set Represents Value
1. The 8 Piece Set has underperformed the broader gold bullion market but in the process has not been as volatile. Many investors are concerned about gold’s large price swings so this approach provides the buyer with a blanket gold insurance policy and at the same time may offer a better night’s sleep. For contrarian investors price levels may present a compelling value play over time.
2. The 90/10 Investment Rule. How many people out there are potentially interested in your investment as time goes on? In this case there are legions of people for only about 10% of the population now invests in hard assets. That means 90% of the population is still available to drive prices higher. And unlike the 1970′s the price of gold is plastered on national television and over the Internet! This guarantees early investors a huge pool of potential new buyers.
3. All certified gold coins are portable and quietly moved at a moment’s notice. Whether the sum is large or small they present excellent liquidity in times of trouble which can be stored in a modest safe deposit box, need no special care, but are handy and away from intervention. These certified gold coins create one of the few truly private financial transactions available today.
4. These coins are almost always used to build sets and this human trait provides advantages: First, it compels even the beginner to buy first one coin and then another. Thus decreasing the number available, which should, over time push prices higher. Second, the notion that a modest investor can begin with one coin adds appeal because it opens up a wider buying pool.
5. Today’s prices are low relative to old highs and so present a great value play in the traditional certified market. In 1989 when the certified gold market was hot and relatively new the PCGS 8 Piece Gold Set sold for more than $20,000.00. So today’s pricing for a contrarian investor cannot be beat and for the technical analyst represents a significant retracement of more than 50%.
Could European Sources Dry Up?
Remember in the beginning of this report we said the Europeans took advantage of our open gold window and exchanged currency for our gold coinage until 1971? Well that was the truth and since the 1970′s American dealers have been flying to Europe, buying these coins and bringing them back to an eager audience in the United States. But in the last few years an interesting question is being discussed. Considering the majority of these coins were circulated or melted, how many mint state examples are still left in Europe? Many dealers privately admit the supply cannot last forever. It has been drawn upon now for over 35 years. How much can be left with the demand for early gold coins in this country?
Pick Up The Phone While Prices Are Still Attractive
You don’t have to mortgage the farm to get in on this opportunity. If after reading this report and doing your own homework you believe as we do simply follow this approach:
1. If you are a first time buyer carefully consider certified gold and understand how it fits into your overall inflation strategy. If the entire set is too much consider one or two coins at a time. This long-term approach could prove very profitable and it is a foolproof way of saving money.
2. Should you already own gold bullion consider trading a portion of your holdings into an 8 Piece Set PCGS certified MS63. Keep in mind that this approach is not a substitute for bullion but a diversification that takes advantage of scarcity and a growing long term demand. Keep a core position in bullion products and consider diversification while prices are so favorable: The CNI Balanced Portfolio Approach.
As you might imagine any written report has its limitations and even the best gold investment involves risk. We believe, however, this undervalued area offers investors a serious value opportunity.
So call and ask any questions you might have, including the ones we have overlooked. We will give you our most straightforward and objective answers. All before you invest one dime. Then you decide.
Thanks for reading and good luck on your new investment.
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