Monday, March 26, 2012

Newest Anti-PM Propaganda: Confiscation from Natural Causes (Death)

Just when we thought we had heard every ridiculous propaganda argument against owning gold and silver, we are treated to a new beauty: stacking gold and silver will lead to 'confiscation from natural causes', so it is much safer to accumulate paper assets.  Yup, can't have an Average Joe saving his  wealth in a form the tax man won't be able to find when he dies.

1,700 year old Roman silver coins found in Bath a warning to those who hoard precious metals in secret
Unrest in the Roman Empire 1,700 years ago is the most likely explanation for a hoard of 30,000 coins found by archaeologists working at the site of a new city centre hotel in Bath, home of the famous Roman spa and baths (click here for our review).

The ‘Beau Street Hoard’ is the largest stash of Roman silver ever discovered in the UK. The coins have fused together into a single block of metal making it difficult for the London Museum in charge to count and identify the loot. By weight it is worth around $250,000.
Inflation hedge
We can only speculate what its value was in Roman times. At the time there was a great deal of inflation in the empire as a result of monetary devaluation with the silver content of money reduced. And they say history does not repeat itself!
But we thought the discovery of this stash of silver also highlighted a big flaw in the argument for hoarding physical silver in secret locations. This is what many precious metal bugs do. They buy gold and silver and shove it up a drainpipe or bury it in the garden...
The ArabianMoney investment newsletter has a number of much better alternative ideas for investment in silver with ultra-low third party risk and no risk of confiscation by such natural causes.
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