F**k this. Can they appeal this Nazi ruling? FDRs ban on gold ownership was almost 100 years ago. There’s no law against this. Psychotic tyrant!
By the way, that move right there was one of the most Constitutionally abusive, morally-illegal Executive Orders ever.
Officially, it was legal, due to the unrepealed Trading With The Enemy act. But morally and Constitutionally, it was heinous.
You figure one of these days some Democrat will try to ban all guns by making 'steel or steel alloys, in certain configurations' forbidden.
The story is a little confusing. They are not in trouble for holding gold in their safe. They are in trouble for using the LLC to “hold” their cold for an IRA. Which, evidently, is against the rules.
So...the government isn’t after seizing your gold. It is trying to “protect” the public from insecure handling of “retirement funds.”
Its OK to disagree with the ruling...but I think the ruling isn’t really what this article indicates it is.
I checked into purchasing gold/silver American Eagles in my 401k and was told that a third party has to manage it, not me. I wanted physical possession and was told that wasn’t possible until after I started taking distributions.