Fort Worth, Texas (PRWEB) April 10, 2014
Fort Worth gold dealer GoldCoin.net has issued an Investor Alert after the U.S. Mint recently announced via an April 3 press release that it would only be minting 35,000 of the one-ounce gold American Eagle Proof coins in 2014. GoldCoin.net spokesman Keith Kelly says based on past years the reduction in mintage could cause prices for those coins to skyrocket as the year progresses, regardless of the gold spot price.
“This is the only collectible gold coin that one can buy for a retirement account, and each year the price for these coins tends to increase as the supply runs low,” said Kelly. “The U.S. Mint sells these coins at a premium because based on Executive Order 3102 gold Proof coins would be protected in a gold bullion confiscation situation.”
The U.S. government confiscated gold bullion in 1933, and the directive prohibiting gold lasted until the 1970s. Many investors believe that the government could attempt to confiscate gold again, and Kelly says gold in IRA accounts would be the easiest to seize.
“IRA gold is centralized and almost all gold IRA investors have their holdings stored at DDSC in Wilmington, Delaware,” Kelly said. “If our government decides to take gold bullion to pay down the national debt or strengthen the dollar the Proof Eagles could be the only coins left. They are considered private and besides that they have been extremely profitable historically,” he added.
Gold Coin (GoldCoin.net) has over two decades of experience advising household investors on smart physical gold and silver investments and gold coin IRA and 401k plans. They buy and sell all types of precious metals and offer free home delivery. For more information or a free “Gold Coin Starter Kit,” visit http://www.goldcoin.net or call 1-800-425-5672 today.