There Is Only One Right Way to Do a Precious Metals IRA

Recent promotion of self-storing precious metals in your home has been occurring in the IRA industry. There are many things to be aware of when choosing to save for your retirement this way such as taxes and penalties from the IRS if they discover you are storing metals at home. The only surefire way to own physical metal in an IRA without IRS penalties is by choosing a custodian and set up a self-directed account stored in a professional third party vault.

KEY TAKEAWAYS:

      • Precious metal IRAs are an attractive investment.
      • While current legalities require metals to be held by a third party, some are trying to circumvent these legalities by declaring themselves a company, thereby keeping the metals.
      • While this option seems attractive, investors should beware the IRS is liable to put a stop to it.

“There really is only one right way to own physical metal in your IRA. Choose a custodian and set up a self-directed account, purchase bullion from a reputable dealer, and store it in a professional third party vault.”

http://news.goldseek.com/GoldSeek/1473777600.php

What Does Canada’s Housing Bubble Mean for the U.S.?

If Canada’s housing bubble bursts it could have dire consequences for the United States economy. Currently, debt in Canada is cheap and citizens are taking on more of it. In addition, banks are giving out longer amortization periods on loans. With the Canada being the United States’ largest trading partner this could trigger a domino effect on the housing market on both sides of the border, leaving both economies in trouble.

KEY TAKEAWAYS:

      • Debt in Canada is cheap
      • Canada’s debt will stay the same or increase as the housing market drops.
      • Canada’s and U.S’s economy are intertwined.

“If Canada’s housing bubble bursts before ours does, it could trigger a domino effect that sends us spiraling down sooner than anticipated. If it breaks after ours, or at the same time, it will take away the cushion that we had in the previous recession, making the effects of this one much worse.”

http://www.valuewalk.com/2016/10/canadas-housing-bubble-mean-u-s/

Does investing in gold with a gold IRA make sense? – Bankrate.com

Is it wise to invest in a gold IRA? Over time, it’s been found that gold has a mixed record with begin a good investment. Investing in gold accumulates no interest or dividends, but some would argue that gold is a good investment because gold always has value. Nonetheless, it could be a good way to diversify your investments.

KEY TAKEAWAYS:

    • Some conspiracy theorists speculate that humans were put on Earth to mine gold for aliens.
    • That would partly explain people’s fervent obsession with the stuff, including investing in gold.
    • Investing in gold pays no interest or dividends, but many investors believe that gold will always be worth something.

    “As jewelry, gold shines. But as an investment, the track record is mixed.”

    http://www.bankrate.com/finance/investing/investing-in-gold-ira-good-idea-1.aspx

Gold Backed IRA as An Investment

Did you know that gold is considered a liquid asset because it is recognized all over the world? That means that gold is currency everywhere. The value of gold has continued to increase since the 1920’s. Many people invest in gold for various reasons stated in the article. Are you interested yet?

KEY TAKEAWAYS:

      • A Gold Backed IRA can serve as protection for your retirement. The Gold IRA Rollover is completely tax-free and hassle free, and a process that is approved by the IRS.
      • The process permits you to diversify your retirement plan – even existing IRAs and 401ks from a past employer – by owning gold, and other precious metals, within your retirement plan.
      • This Self-Directed Individual Retirement Account allows you to securely own physical precious metals in a tax-deferred account. You will not have to be limited by risky stocks and bonds.

“Gold has an undeniable track record for its purchasing power and wealth preservation that pre-dates the establishment of our modern financial structure.”

http://www.nuwireinvestor.com/gold-ira-investment/