The Certified Gold Exchange wants to remind all gold dealers and investors that no confiscation order similar to the one that President Roosevelt instituted in 1933 has been presented to Congress by the current administration as of yet.
Fort Worth, TX (PRWEB) June 04, 2014
Coin News has announced that the U.S. Mint will only produce 35,000 one-ounce gold American Eagle Proof coins in 2014, and in response the Certified Gold Exchange has issued a Gold IRA Dealer Advisory to warn gold dealers and investors alike about the potential dangers that could come from such a small Proof Eagle mintage. Certified Gold Exchange spokesperson Janet Jones believes the U.S. Mint’s more modest 2014 mintage could start a pricing war or cause some gold dealers to commit fraud to sell more coins.
“Gold Eagle Proof coins are well-known for their unique ability as a collectible gold coins to be stored within retirement accounts,” Jones said. “While such classification could protect these coins from a government gold confiscation in the future the Certified Gold Exchange wants to remind all gold dealers and investors that no confiscation order similar to the one that President Roosevelt instituted in 1933 has been presented to Congress by the current administration as of yet.”
According to Jones, some gold dealers may attempt to frighten investors with a gold confiscation story to convince those investors to buy collectible gold coins. “If there are only 35,000 one-ounce Proof gold Eagle coins produced this year then investors could get gouged price-wise, especially if they prefer bullion instead of collectible coins,” said Jones. “While American Eagle Proof coins have historically been more profitable for long-term gold holders and they could be protected from any future gold bullion confiscation the fact of the matter is they aren’t right for everyone. That’s why the Certified Gold Exchange has only used non-commissioned, salaried brokers since our inception over 20 years ago.”
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.