No Proof Coins In Iras?

Probably not a whole heck of a lot, but then, they don't need to know much. They ARE the government and THEY make the rules.

As to IRAs... any US bullion coin or US round or bar of precious metal of sufficient purity can be placed in an IRA. Foreign coins were not OK at one time but that seems to have been lifted to some extent. Don't know if that is just for Canadian coins or not. I do know that the US government had a real mad on with the South Africans for their apartheid laws. Since that government fell and was replaced by a black controlled government, that may have changed. I haven't seen any ads for Krugerrands in IRAs, though. There are lots of web sites that trumpet PMs in IRAs. They would make decent info sources for figuring out just what is allowed in an IRA, as would the IRS web site... if one can dig through all the junk that is there in order to find a nugget or two of useful info. :-/

Your just going to have to give more details on this one.

Very interesting topic. Confiscation is a very interesting subject. Would someone care to elaborate how/ why the Gumnit would do such a thing and for what purpose? Gold/ Silver held in bona fide investment vehicles (traceable) would be easily taken, however how in the world could PM in physical possession ever be seized?

Not that any individuals EVER had ANY of their gold seized by the US government. FDR's presidential order on gold seizure was issued on 4/5/33 but, as far as I can find out, this was aimed primarily at the banks because they had LARGE hoards of gold in their vaults. It is FAR easier to grab gold from a few hundred banks than it is from millions of private citizens, many of whom may not have any gold at all. Citizens were "required" to sell their gold to the government at the then current price of $21.67 per oz. Once all of the gold that could be collected was collected, the price was then adjusted to $35 per oz. Anyone who did not turn in their gold for paper money got a 70% increase in the value of their holdings. And that was just for openers. Since then, there have been MUCH larger price increases in gold.

Also, anyone owning a substantial amount of gold had nearly a full month to transfer their gold to another country that was not trying to confiscate gold from its citizens. That was because the order was published on 4/5 but not implemented until 5/1 of that same year. Supposedly, quite a number of people did just that. I am sure that the banks in Canada and Mexico saw some extra business from this.

A note of cheer for anyone worried about gold confiscation: if they do not know you have it, they will not come looking for it. Loose lips sink ships and all that. A great part of private property security comes from the fact that if the people who would steal from you do not know you have it, they are VERY unlikely to come to your place looking for it. Collecting bullion is a great hobby and one that more people should take up. That said, they should also be QUIET about it and not blab about it to friends, co-workers, and neighbors. They may be OK but they also might let it slip to someone else who is not. Anonymity is a collectors best friend.