Although commonly used, Max Weber’s definition of the state—an entity that has a monopoly on the legitimate use of force within a given geographical area—can mislead people into thinking that the state is the only or even the primary reason for security and order. This is illustrated in the trends in the nonstate provision of security, as revealed by my Google alert for the phrase “private police.” Lately, incidents of car and bike theft have led individuals to either organize themselves to prevent and respond to it or hire private security to do so.
One example is a gas station in Philadelphia (a city that has frequently been in the news lately due to growing crime problems, having set a new personal record for annual murders) that has hired security armed with rifles to protect patrons, mainly from car jackings, since motorists are especially vulnerable to attack while pumping gas.
One thing I found notable from a Fox News interview of the head of security Chief Andre Boyer (other than the fact that journalists at a “conservative” outlet are just as clueless as other journalists about what an AR15 is) is his response to a question about whether he and his agents will intervene when witnessing a crime in progress. Chief Boyer responds, “We have to. We have a contract to protect our clients and our clients’ assets.”
As I have noted previously, the fact that voluntarily hired security has a contractual obligation to provide services to the people who pay them is in stark contrast to government police. On multiple occasions, the US Supreme Court has opined that US citizens have no constitutional right to police protection and officers cannot be held legally liable for failing to protect them. You must pay them under penalty of law, but they are not required to provide anything in return.
Also noteworthy is a comment the interviewer makes that “the number one job of the government, whatever level, whether federal, state, local, is to keep their citizens safe. So, if you’re hiring an outside agency that’s a clear indicator that government is failing its people.” Regarding the first part of that statement, Judge Andrew Napolitano would strongly disagree: it is not the job of the government (if it is to have any job at all) to keep you safe but rather to keep you free.
Regarding the second part of that statement, the interviewer gives far too much credit to the government. To say categorically that any hiring of private security means the state is failing to do its job assumes godlike powers on the part of the state. As mentioned above, it is wrong to assume that the state’s threat of capturing and punishing lawbreakers is primarily responsible for the peace and orderliness we enjoy under normal circumstances. Perhaps since there are an estimated three to four people employed in private security for every government police officer, the Fox News interviewer would consider this proof that the government cannot do its number one job and is unfit to exist.
Car theft is not only a major issue in Philly but in Portland, Oregon, as well. Both cities are experiencing historic highs in crime. In response to the explosion of car theft in Portland, a Facebook group named “PDX Stolen Cars” was formed to crowdsource locating stolen vehicles. According to the founder of the Facebook group, Titan Crawford, “I had found a stolen car in my neighborhood. I knew it was stolen. I contacted the police and they said there’s not a whole lot we can do right now. So I was like, ‘Well see if I can do something.’”
Mr. Crawford has been disillusioned of the idea that the government is the ultimate protector of property rights: “It would be cool if the city could do this and I didn’t have to.” I imagine many people thought the same thing about government schools. Fortunately, an increasing number of parents are able to get some of their tax money back to send kids to a school of their choice. Instead of being taxed to pay for police services they don’t receive, perhaps some residents of Portland would be interested in “police choice.”
Burlington, Vermont, is having a similar experience with bike thefts, along with the Facebook groups created to deal with it because the government police are too busy. They are too busy to deal not only with bike thefts but property destruction, retail larceny, assaults by homeless people in parks, and open-air drug markets (financed by stolen bikes). And, as elsewhere, residents have found that they are on their own in dealing with these things.
One might point out that another common theme among these cities is the fact that their politicians all committed to “defunding the police” to some degree. This movement, while short-lived and ultimately overstated in how much budgets were cut, was successful in reducing police staffing and recruitment. Does the corresponding rise in crime and disorder indicate, then, that government police are crucial in maintaining order?
No. Rather, the lesson one should take from the “defund the police” experience (to the extent that one believes that it was a misguided, if not horrible, idea) is that it is an outcome that is only possible when policing is under political control. It was not a case of individuals deciding to abstain from buying when they no longer wanted a particular service.
The taxpayer-funded monopoly on policing became even less effective without leaving any more money in taxpayers’ pockets. Drawing another parallel with government schools, which closed without returning the taxpayers’ money, several cities cut police funding and staffing while keeping the money that taxpayers ostensibly paid for that purpose. It truly is only the government that can take your money, barely provide a service they’ve monopolized, and then insist on how necessary they are for the provision of that service.
Now, especially with the rise of the Soros-funded district attorneys, Americans are realizing that they are responsible for their own safety and security. This function, like the education of their children, cannot be outsourced to the government. The silver lining is that, as people build parallel institutions, the less dependent upon government they become and the more obvious the overstatement of the state’s necessity for order becomes. This is a necessary step for getting us on the road to rediscovery of an ethos of liberty and self-reliance.
About the Author
Tate Fegley is Chair of Business and Economics at Montreat College and Research Fellow at the Independent Institute.
Article cross-posted from Mises.
Why Bullion Beats Numismatics and Collectible for Your Safe or IRA
Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.
Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.
Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.
Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.
For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.
Lower Costs and Better Liquidity for Home Storage
When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:
- You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
- Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
- Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
- Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
- Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.
In times when quick access to value becomes important, bullion’s simplicity stands out.
Stronger Fit for Precious Metals IRAs
Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.
Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.
Bullion avoids these issues. Its value links directly to verifiable spot prices, which simplifies reporting and lowers the risk of regulatory challenges. More of your IRA contribution purchases real metal instead of dealer profits or speculative upside. Over time, owning additional ounces that appreciate with the metal itself can create meaningful outperformance compared with high-premium alternatives that deliver fewer ounces.
Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.
How to Get Started with Bullion
Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.
Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.
As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.
For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.