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What are the driving forces behind the market moving higher? The Federal Reserve has promised to keep interest rates suppressed for as far as the eye can see. This is propping up the market, but it can’t save the dollar.
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Today’s news on gold is influenced strongly by Janet Yellen’s continued con-artistry, and the resulting US dollar just hitting fresh 13-month lows.
The writing, it would appear, is on the wall.
Underlined. In bold print. Italicized, even.
The Federal Reserve echoed once again how it plans to maintain interest rates artificially low as the summer cookout of the books continues full stride into the latter half of 2017.
The stock market and housing markets don’t seem to mind. Central bankers afraid to burst our bubble?
US Dollar Drops on Federal Reserve Remarks
With stock markets hitting record highs while P/E (price to earnings) ratios follow suit, many technical indicators are already showing some type of market correction in the near future. Other countries like Russia and China are buying up more gold and dumping US treasuries.
The recent drop in value of the dollar by about 8% could be one of the final canaries in the coal mine. This is why it would be wise to put a portion of your investment/retirement portfolio into a Gold IRA. It’s physical gold/silver that you can hold while receiving the same tax benefits of a traditional IRA or 401K.
Gold Increases Value on Poor Jobs Report
China and Russia buy up more gold, hide the official quantities reported
Just remember that as China builds infrastructure and drops investment dollars into foreign economies, the US threatens to drop bombs in order to influence the world. With a $20 Trillion dollar debt and no possible way out of the current 0% interest rates, empires tend to want to go to war.
Good luck everyone and please plan accordingly.
Return to the Best Gold IRA Rollover Guide
This is why buying a Gold IRA or Gold IRA rollover is a great idea for a safe long-term asset to prevent you from another 2008 or 2007 wiping out your wealth again, while allowing for you to take physical delivery of the actual metals themselves.
Of course the experts in mainstream media’s echo chamber will never tell you about their masters controlling interest rates, dumping gold and silver paper futures on Sunday nights or JP Morgan’s not-so-secret trading desk to keep the price of metals and metal IRAs low, but we will here today.
Good luck, and don’t end up in another situation like the 2008 stock market crash. Many economic signals are firing once again in the same vein.
As I clutch tightly my silver at night with the soundest of sleep 🙂
“The true state of the economy is measured in tangible things like goods sold and shipped, the price of bank stocks, and the yield on treasury notes, not fairy farts and unicorn whispers.”
-Abraham Lincoln (did not say this)
Rail Freight Volumes– an accurate indicator of goods purchased and shipped for all sales, including online and retail
Deutsche Bank– one of Europe’s largest central banks and a pulse of the Western monetary system
US Treasury 10-Year Note Yields– when yields are low, it means investors who see no other viable investment are piling into this safe haven financial instrument to avoid risk
The Cass Freight Index measures the economy based on the companies that “represent a broad sampling of industries including consumer packaged goods, food, automotive, chemical, OEM, retail and heavy equipment.”
Too Big to Fail Bank of America is breaking and testing new lows in 2016. With up to 50 Trillion USD in leveraged, unpayable derivatives, B of A like the other major banks right now can barely stay afloat, and less goods purchased by consumers means less financial products sold by banks.
Ok, so that was technically 5 charts. But you get the picture. Other items to consider but no chart was available for:
Unicorn Whispers– If unicorns were real and one looked like this, then maybe I’d take its magical word on the economy without regard to facts. But only if it had a ninja cat brandishing a golden pistol riding atop its back, through an exploding rainbow.
(video report: May tax returns showing economic slowdown)
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When you’ve finalized the decision to get a Gold IRA or 401(k) to Gold Rollover, then it’s time to get down to the nitty gritty of what makes a good gold IRA custodian worth their salt.
4 Questions to Ask Your Potential Gold IRA Company
A few crucial factors will come into play which you’ll need to determine to save yourself time, peace of mind, and money.
1. How much and what kind of fees will you be paying?
*If you have 100% of your current 401(k) or IRA in the stock market or bonds, then you may consider putting 30 – 40% or more into a Gold IRA.
A Gold IRA with low and flat fees, and ideally no account opening fee, is going to maximize your returns. You don’t want to be paying scaled fees that penalize you for investing more into your Gold IRA or losing a sizable chunk up-front either.
Dealing with a Gold IRA specialist instead of your run-of-the-mill already established brick and mortar metals company means you’ll avoid the salesy attempts to up-sell you on rare and exotic (worthless) coins that have high markup, and aren’t necessary for a gold IRA.
Note: A Gold IRA must contain only the legally accepted gold, platinum, and silver that qualifies to be in a Gold IRA according to Federal standards. There are only a select number and type of metals and purity that qualify to be included in a Gold IRA, and your company will know.
2. How long will it take to open or roll over a new gold IRA?
*Some investment companies and gold dealers will take 30 to 90 days to open a Gold IRA for you. The best companies offer account opening times of 15 days or less.
Note: Refuse to work with any gold IRA or metals investment company if they get your info and then fail to follow up with you or won’t walk you through the steps patiently until you feel good about everything.
3. Where is the gold in your gold IRA?
*Where is the actual gold stored? Can you take physical delivery, should you choose? How safe is the storage facility? Is the gold stored separately or all in one giant collective account?
Note: Some companies do not separate physical gold storage, which could lead to a lot of problems- especially if several investors suddenly called in to take physical delivery of their gold. Most reputable gold IRA dealers maintain separated storage at a professional and secure facility, and also allow for physical delivery to their clients.
4. What are other people saying about your gold IRA company?
*Look for companies with substantially more positive reviews than negative ones, check with the BBB and Trustlink as well as other consumer advocate groups to check up on them.
Note: Answer the questions: “Do I enjoy talking to and dealing with people from my Gold IRA company? Inevitably I will need to call them from time to time, so do I like dealing with them on a regular basis?”
I reviewed all the major gold IRA investment companies (listed below), and long story short…
The #1 Rated Gold IRA was Regal Assets.
Meeting all our criteria from above, it:
*has no account opening fee (savings of $700), and all yearly maintenance fees are minimal and flat ($250)
*has an account opening time of 7 days or less
*stores all gold separately at Brink’s secure storage, or delivers straight to your doorstep
*has the highest number of 5-Star reviews by actual consumers when compared to all other Gold IRA companies out there
That’s why we recommend Regal Assets as the best gold IRA, and we’re not alone.
“After continued disappointment with the stock market I asked my accountant about rolling over my IRA and Annuity into a precious metals IRA he said Regal Assets were the best and he was right! Collin made the entire process super easy and they did exactly as promised. Within a few days I owned gold & silver and could not be happier. I will be adding to this account with confidence, I would recommend them to anyone seeking a precious metals IRA.”
–Charles M., KS
“After investigating several Precious Metal IRA companies I decided to do business with Regal Assets. They seemed to simplify and expedite the process without any confusion. After discussing this investment with Collin Plume it was clear that I had made the right decision. He and his team handled the transfer of funds from an existing IRA and purchase of the Precious metals in a matter of a few days. The experience was positive and painless. I highly recommend Regal Assets and Collin Plume to anyone contemplating the peace of mind and safety of a precious metal IRA investment.”
Other gold (and investment) companies we reviewed: