Category: gold ira investing

Why You Should Not Get a Gold IRA from Regal Assets: My Review

Regal Assets Gold IRA Review

 

Gold IRA’s are plentiful and offered by several companies in the US. The question is, however, should you actually get a Gold IRA?

Before you decide, consider the following information:

*A gold IRA custodian will charge you a significant amount simply to open an account. Therefore you will actually lose anywhere from 10 to 20% of your initial investment upon opening a Gold or Silver IRA account, the very first day.

Gold IRA scam?*Some gold IRA custodians like Regal Assets will actually try to steer you into investing in crypto currency, which is highly speculative and unproven as an investment vehicle in my opinion, and definitely not a place you should assume is safe for retirement investing at the very least.

*Most American retirees don’t have the large amount of money that would merit investing in a Gold IRA. For instance, if you wanted to invest $100,000.00 in gold, you could simply purchase a total weight of 4 pounds of gold bars, coins, or otherwise (and a bit more in weight for silver). So instead of just throwing away a lot of money in fees, you could simply buy the gold or silver outright and then find a secure, hidden, or secret location where you could store it.

Maybe a Gold IRA is not what you need after all

 

In my opinion, a Gold or Silver IRA is only feasible for people wanting to invest $1,000,000 or more into gold and have absolutely no way of storing their gold/silver, which I find highly unlikely considering you could bury it under the floorboards of your home or even in the backyard.

Sound ridiculous? Maybe you’d rather pay someone $200,000 just to hold your gold for you in a vault?

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What Are the Smartest Ways to Buy Gold and Silver in 2019 and Beyond?

Investing in Gold the Smart Way

 
There are many great reasons to invest in gold and silver as a part of your overall retirement strategy. Gold has historically been seen as a safehaven of value, having never gone to zero, unlike every fiat currency in existence. Gold is a great hedge on inflation, deflation, political and global financial instability, as well as the frauds perpetrated by governments and their politicians who prefer to spend today and worry about the consequences tomorrow.

The issues when buying gold and silver arise after you start to accumulate significant amounts of it, which results in problems with storage and transporting it. However, a gold or precious metals IRA offers all the safety in addition to tax benefits for people who decide to rollover a portion of their current IRA or 401K, or to the investor who wants to hold a significant % of their current wealth in gold, silver, palladium, or platinum.

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The Dangers of Gold ETFs

 
Gold ETFs carry far too much counterparty and 3rd party risk. Trustees may not insure gold holdings and sub-custodians may evade liability under current laws. In addition, people buy a share of the trustee, not actual shares of gold. With all this, gold ETFs do not qualify as a traditionally safe way to purchase gold or silver.

Gold IRA Rollover from your IRA or 401K

 
You can simply roll over a portion of your current IRA or 401K without incurring any tax penalties or fees. If you wait until you are 59 and 1/2 years of age before withdrawing the metals or liquidating, you’ll have all the tax benefits of a regular IRA as well.

Ask questions of your potential Gold IRA custodian regarding fees for storage and administrative costs, and make sure to understand all the details of timetables when you want to make the withdrawal or sale of the metals in the account. Additionally, ask about the procedure that allows you to physically hold the gold or silver yourself under an LLC.

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Q & A with Lynnette Zang on Gold & Silver Investments, ETF, IRAs, 401(k)s

Questions:

How much of your savings/investment accounts should be in Gold?

 
Lynnette Zang said that roughly 20% is optimal, however believing an economic reset to be in the near future for Americans, she now holds around 70% in gold.

Are you saying that we should pull out all our money from our IRA/401(k) and put it into gold?

 
A reset is different from a market downturn. However right now the reset is more of an urgent issue for the average saver or investor. She cites the Federal Reserve’s strange behavior lately in the headlines, proving without a doubt that interest rates cannot rise significantly without a massive downturn in the overall economy- possibly even a reset, which she is certain will happen, but she is just not sure when that date will be.

Lynnette Zang also criticizes the way investment accounts are legally structured to ensure that investors don’t pull out their funds and seek non-stock or equity based assets. She urges against holding all your money in the system, because when it resets the only thing protecting your wealth is gold, barring a government physical gold confiscation.

Has China already pegged the Yuan to Gold, and will the Petro-Yuan be Pegged to Gold?

 
Lynnette does not consider China’s currency to be heavily pegged to gold. People have to remember also that the current level of debt to GDP by China far surpasses many other developed nations at 257% national debt to their current GDP.

Are Gold IRAs better than Gold ETF?

 
Many Gold IRAs allow you to take delivery of the gold and silver when you choose either by having an official custodian watch it, or you can receive it yourself. Therefore it’s a lot preferable to a Gold ETF. That’s why we recommend Regal Assets for answering all your questions and getting started.

Rare or Unusual Coins

 
The last gold confiscation that happened in the United States was in 1933. There were some exceptions, i.e. “rare and unusual” coins and physical silver/gold. Therefore you’re probably not going to find a rare or unusual coin easily and you’ll be paying a large portion above spot price. Also, verifying its true designation is going to be difficult and most of the time it’s going to be a crap shoot.

I believe an economic and monetary reset is going to occur according to my gut instinct, but my brain says otherwise

 
Normalcy bias and people refusing to see the writing on the wall from current events, helped on by a complicit mainstream media which refuses to report on significant economic events worldwide, has insulated the average American to the extent that they are avoiding the cognitive dissonance that comes with a potential massive change in the way of life in America.

For more information, please request a free Gold IRA Rollover Kit, which you can get today by clicking on the free kit below.

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Hungary Becomes the Next European Country to Repatriate Its Gold – Is This a Warning?

Hungary’s Gold Repatriation Further Destabilize the US Dollar

 
This follows several other European countries choosing to take delivery of their gold to avoid the current fraud that exists in the petro dollar and the London Gold Fix. As we have already established on this website, paper certificates of gold are sold 4x what exists as their underlying asset- physical gold. Therefore, logically you would not want to be the last one to the party to reclaim the gold that the bullion banks have been holding and claims exists.

This comes on the heels of Treasury Secretary Mnuchin in the United States peeking into the famous Ft Knox gold reserves of the nation, while giving the thumbs up suspiciously to reassure the rest of the world that all is well and ok. So far Germany, the Netherlands, and Russia have all made good on the delivery of their gold so that they will have “gold you can hold” as the Western fiat and debt based economic and monetary systems dwindle, and the US stock market sees new lows as the dead cat bounces past its 9 lives all the way down in a worse repeat of 2008.

The London Gold Fix Cannot Last Forever

 
It’s interesting to note that the Hungarian central bank is choosing to collect its stored gold from the Bank of England where there is not enough physical gold to meet demand in the event everyone who owned paper gold demanded delivery.

While Hungary does not have a lot of gold, this is starting to turn into a trend for countries to be on the right side of the next economic reset. Hungary has become a thorn in the EU’s side as it has chosen to go its own path in how it enforces immigration and bucking the EU-required amount of “refugees” mostly from the middle east. Maybe this is Hungary’s way of striking back against the New World Order and a way to secure its future outside of the paper money system.

It’s no surprise Hungary sees the writing on the wall and has made a move to retrieve its gold.

Precious Metals Could See Another Bull Run Soon

 
Considering how long gold and silver have hovered at their current support levels for the last 3 years without losing much of their gains, we believe that metals are simply waiting for their breakout moment to continue their upward trajectory starting back in the 1970’s when the US dollar was removed from the gold standard.

Once you decide to have gold protecting your retirement account, you’ll sleep better at night knowing you did something to protect your future in the midst of insolvent countries, pension funds, and government issued paper currency.

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Is Gold The Biggest Case of Fraud In History?

Is Gold The Biggest Fraud In History?

Gold Market Facts

 
The total amount of gold in the world spans about $8 Trillion USD at present. However, some claim that the amount of existing gold is actually 80% less than what the holders claim exists, which means that it is being traded as 4 shares of imaginary gold to every 1 real ounce of gold.

In effect, the Bullion houses are currently selling gold that does not exist. For 2 decades Morgan Stanley sold off paper shares of metals and charged clients for storage fees, but then would not make delivery when their clients demanded.

Since more gold is being sold than actually exists, it could have dire consequences. Since 4 people can own the same ounce of gold at the same time, none of the investment houses could ever actually deliver on that claim and would cause the companies to go bankrupt.

Presently the world’s currencies are not pegged to gold, that all stopped in 1971. Right now the currencies of the world are pegged to the US Dollar, which Nixon took off the gold standard during his Presidency. It is also believed that gold prices are rigged on the London Gold Fix, created by the Rothschild banking family 100 years ago.

China has officially claimed less than half of what it has supposedly purchased, no doubt attempting to buy as much gold as possible at the lowest possible price while covering up the true value of their holdings for the potential economic and monetary reset that many economists see as inevitable. This is why we strongly urge our readers to convert a portion of their traditional investments into a gold IRA.

He who holds the gold makes the rules. The Western world has reduced its gold and silver purchases as China and India have increased in recent years. It looks like the Western banking cartel is going to run the US dollar into the ground before they allow gold and silver to show its true value relative to the world’s reserve currency.

But once the avalanche starts, there may be no stopping it as Bill Holter and Lynnette Zang have stated recently. No one can predict the exact moment it will occur but people will wake up one day and recognize that 50% of the wealth, prosperity, purchasing power, and standard of living are gone.

By then it’s too late.

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How My College Professors Lost their Retirements in 2008

How My College Professors Lost their Retirements in 2008

 
First and foremost, they were all-in the stock market via their 401(k)s and IRAs. They had bought into the fallacy that the stock market was teflon invincible, because no doubt that’s what the mainstream news had told them over and over again.

But it just goes to show you that if “the smartest” people i.e. University professors are capable of losing their life-long retirements thus having to work an additional 10 years just to have enough to finally leave the workforce, then it can happen to anyone who does not prepare accordingly.

To make matters worse, much of the losses from IRAs in 2008 have not recovered.

This is why a Gold or Precious Metals IRA is such a great tax-free way of holding your retirement or a portion of it safely out of the unpredictability of the stock market. Will a Gold IRA make you rich? Who knows, but consider the fact that gold prices historically have only risen, while stocks have risen- and fallen- often without a hint of warning, leaving millions of people reliant upon a measly social security check when they should be enjoying a relaxing well-deserved retirement.

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US Dollar in Downward Spiral, Gold and Silver are Up

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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