One of the properties of this coin, and all other gold and silver products, is that there is no debt attached to it. All fiat money has debt attached. What this means is that fiat money is issued and used to pay interest and principle on existing debt. Inflation is built in upon issue.
In Canada these coins can be purchased or sold for the price of an ounce of silver plus a small dealer margin. Since they are also legal tender there is no tax when you buy or sell. No debt attached, no tax payable. As a bonus there is absolutely no paper trail created on a cash and carry purchase. They are the perfect hard money vehicle.
Government will find it difficult to tax gold and silver sales between individuals, especially in very hard times. These coins can and will circulate outside the government controlled banking system because they represent real stored wealth with no debt or built-in inflation attached. They are real money.
When the Democrat president confiscated private gold in 1933 I wonder why people turned it in. Why not just bury it?
You brought up an interesting point:
“When the Democrat president confiscated private gold in 1933 I wonder why people turned it in. Why not just bury it?”
No matter what kind of precious metal you own, if FDR got away with that, Hillary could get away with anything regarding gold.
Such as a gold tax, even of ‘antique’ gold coins.
Illegal? So what?
‘When the Democrat president confiscated private gold in 1933 I wonder why people turned it in. Why not just bury it?’
Actually though, that’s an intersting idea. People have been known to report their guns stolen. The same with gold.
But I don’t think that gold would hold much value if Hillary’s elected. It might go up at first I would think, but then she would covet all of that wealth. All of a sudden, watch out!
And once it’s illegal to own gold, then what? You can’t eat it. You can’t do much of anything with it if you aren’t a manufacturer.