Bron Suchecki – Gold Confiscation: How Likely and What You Can Do About It?

Published on July 25, 2018

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Bron Suchecki
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Bron Suchecki, a returning SBTV guest, speaks with us at The Safe House about the topic of gold confiscation (like when FDR issued Executive Order 6102 in 1933), how likely it is to happen again and how precious metals owners can minimize this risk.

Bron Suchecki discusses the possible impact of the occurrence of a gold confiscation event on different assets: bullion, jewellery, mining stocks and numismatics.

Discussed in this interview:
00:43 Difference between expropriation and confiscation.
05:03 How would gold confiscation be like today?
09:55 Defense against a gold confiscation event.
11:35 Offshore storage as a delaying mechanism.
14:02 Considering the jurisdiction for offshore storage.
19:23 Impact of confiscation on mining stocks.
21:54 Industrial uses of gold are usually exempted.
23:07 Confiscation of jewellery.
26:17 Australia’s Part IV of the Banking Act 1959.
31:29 Why the RBA only suspended Part IV, not repealed.
37:14 Impact of confiscation on numismatics.
39:14 Would silver be confiscated?
41:46 Prospect of recalling legal tender coins.
43:51 Holding legal tender coins vs bars.
44:46 Mindset of a safe haven gold buyer.

Find out more about Silver Bullion: https://www.silverbullion.com.sg

Silver Bullion Twitter: https://twitter.com/SilverBullionPL

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About Bron Suchecki

Bron Suchecki has worked in the precious metals markets since 1994, when he joined the Perth Mint as an Administration Officer in their Sydney retail outlet. In 1998 he moved to Perth to work in the then fledgling Depository division. He has held a number of roles since then in the treasury, risk and governance areas of the Mint. All posts are Bron's personal opinion and not endorsed by the Perth Mint in any way.

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