Can bullion gold and/or silver be seized by the government?
The ultimate answer to this question is yes, the government has the power to seize gold and/or silver at any time if they choose to. However the likelihood of this happening again is very slim. What most people have heard about is the seizure of gold that happened in 1933. The truth is that the government never really seized any gold from anyone. They simply requested that anyone with bullion gold of any kind, turn the gold in to the treasury so as to protect the country in its time of financial distress. Gold was bought from the people who turned it in at market price, and people were allowed to keep any gold coins that had significant collector value. Also the current view point is that, were the government to ask citizens to turn in their gold in this day and age, there would be far less cooperation and the governmental action would go nowhere. So, in short, the possibility of governmental seizure should not keep you from buying gold. Seizure is not, in my opinion, a course of actio
