The U.S. government sells these coins at an incredibly high premium because they are classified as collectibles, and this makes them a non-confiscatible type of gold under Executive Order 3102.
(PRWEB) April 09, 2014
An April 3 press release announced that the U.S. Mint will only be minting 35,000 of the one-ounce gold American Eagle Proof coins with a 2014 mint mark, and Certified Gold Exchange spokesperson Janet Jones believes the reduction in mintage from 2013 means investors interested in a gold IRA may want to consider the rollover sooner rather than later.
“The U.S. government sells these coins at an incredibly high premium because they are classified as collectibles, and this makes them a non-confiscatible type of gold under Executive Order 3102,” said Jones. “Proof gold Eagles are the only collectible gold coin permitted for IRA storage so they sell out incredibly fast each year and premiums usually skyrocket from that point forward until the next year’s coins are minted.”
“The reduction in mintage for 2014 means more IRA investors will be forced to buy confiscatible gold, and if the current administration decides to confiscate retirement accounts as many other countries have done then the gold bullion stored in those IRAs could be seized,” Jones added. She encourages investors unfamiliar or confused about gold confiscation laws to visit the company’s web site for a complimentary brochure.
Certified Gold Exchange, Inc. is one of North America's premier precious metals trading platforms, providing unparalleled service to licensed dealers, institutions, and household investors since 1992. Certified Gold Exchange maintains an A+, Zero Complaint Better Business Bureau rating. For more information or a free "Gold Investor's Guide," visit http://www.certifiedgoldexchange.com or call 1-800-300-0715 today.