Precious Metal News
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Gold Rush Bullion
Gold Medal Investing is a unique opportunity to protect yourself and family from extreme economic hardship. The U.S. economy is growing ever unstable as well as the global economy. With many countries suffering from uprises by millions whose lives have been destroyed already from terrible economic circumstances.
Control Your Financial Future
Financially savvy individuals planning for the future are the reason that IRA’s were created in the first place. For those who aren't aware, an IRA is a special savings account designed to help you provide for your retirement years. An IRA, is an investment in the future. There are a number of different types of IRAs available, from the traditional IRA to the Roth, SEP, SIMPLE, and self-directed IRA.
Traditional and Roth IRAs most Commonly Used
- Traditional and Roth IRAs are very similar to each other in that both are created and controlled by the individual. There are, however, ‘custodians,’ banks and other financial institutions that hold the accounts.
- Custodians are in charge of keeping track of investments, tax records, statements and any other documents. They also offer advice to the account owner in terms of how to make better investments.
- One of the benefits of either a traditional or Roth IRA is that they provide generous tax breaks. Traditional IRAs allow tax breaks for interest and other gains that come from the IRA account. It should be noted, however, that you will be subject to taxes once you take money out of the IRA.
- This is not the case with a Roth IRA, as the investment uses money that has already been taxed, so any money withdrawn is not subject to tax.
SEP And SIMPLE IRAs
SEP and SIMPLE IRAs are accounts set up by an employer. The employees are empowered to make contributions in order to prepare for retirement.
Uncapping the Gold IRA Rollover!
The ability of a self-directed IRA to allow you to invest in precious metals makes them incredibly versatile. Not only can you simply direct your account’s custodian to simply write a check to a precious metals custodian, you can actually select the kind of metal you want to buy for your account. This means that you can put your money into silver or platinum as well.
Why Should You Do This?
If you watched the video, you know that gold has been a stable investment for longer than most nations have been around. If you didn’t watch the video, you still probably have a general understanding that gold is a big deal and is worth a lot of money. This means that you can avoid inflation by investing in gold. Any IRA, regardless of where the money is invested, is subject to the whims and fluctuations found in the free market. Inflation can make a once mighty IRA into virtually nothing in a very short period of time.
Gold is a Super Metal not Just a Precious Metal
Gold does not tarnish, like silver. Nor does it rust like iron. Even platinum reacts with oxygen. Gold found in shipwrecks at the bottom of the ocean can be cleaned and polished until they look brand new. The reason for this is that gold is chemically stable and does not react well with other elements. (Even making it radioactive doesn’t change it in a fundamental way.) In a similar way, gold is economically stable. While the value of a certain type of currency can go up or down, gold usually stays stable. For the most part, gold prices only go up, even as currency values go down and economies collapse.
Retirement Planning Advice: Consider A Self-Directed IRA
A self-directed IRA is the only way to invest IRA funds into gold and other precious metals. Not only is this a powerful way to make a stable investment, it is also possible to massively increase your investment. The secret key to this, however, is finding the right custodian for your IRA. Not all custodians have experience with self-directed IRAs. Even fewer have experience with setting up a silver or gold backed IRAs and fewer still can help you physically acquire precious metals.
Finding monetary stability is an unreliable world is a great way to find peace of mind. A good way to make this happen is to look for an account specialist who has a proven ability to invest in in precious metals and has managed rolling over into gold or other precious metal IRA accounts in the past. This takes dedication, training, and experience. Most account custodians are familiar with some specialists who can help make the transition from a 401k, traditional IRA, or even a Roth IRA into a physical gold IRA much easier. Gold could be the investment that changes your life.