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.
*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?
Brave Federal Reserve Chairman Powell Saves the Day
Hopefully you can see right off the bat that I’m kidding. Sadly, central banks around the world are all engaging in more manipulation of the currency markets and the economy in lockstep, moving into the next stage of the current financial meltdown, joined this week by Singapore.
The difference this time? Well, for starters, they’re not calling it quantitative easing, because they’ve used the term enough already. Nope, now they are just injecting billions into the overnight repo market (a fancy name for overnight loans in massive amounts for large corporations and moneyed institutions) with a promise to continue well into the latter part of 2020.
What does this mean for you and me?
The stock market may stay relatively high in nominal terms, but not real terms. The fact is, unless you’ve sold your stocks or cashed out your IRA or 401k, you haven’t made anything. It’s only gains on paper, just like in 2007-2008.
The global consumer is spending less and taking in more debt in the many bubbles we have on our hands at this point- student loans, private debt, corporate debt, municipal and government debt, mortgage debt, and now treasury bonds.
No one knows what’s going to prick any one of the bubbles and cause the stock market to correct to 50% of its current value, but one thing’s for sure- it will happen eventually, sooner or later.
Do Something About Your IRA or 401k While You Still Can
A Gold IRA:
*Can protect you from the devaluation of the dollar due to un-payable US national debt
*Enables you to make money even as stock markets decline, drop in price, or even crash
*Let’s you retain all the same tax benefits of a traditional IRA or 401k
When the Recession is officially announced, it will likely already be too late to save your retirement and investments. And a Depression will likely not be announced.
The central bank has recently cut rates while pumping over $200 billion into the short term overnight loan market, pledging to continue for the next 14 days with anywhere from half a trillion to over $1 trillion USD in order to maintain liquidity and “keep the economy strong”.
The REAL State of the Economy
*Car sales in India and China have plunged, along with heavy truck order in the US
*High-end real estate in the US is no longer finding buyers, same as around the world
*Rents in NY are rising as home prices are falling
*World central banks are performing more QE to inflate asset bubbles
*Market analysts are predicting a sudden downturn could occur based on historical data points matching those of 2008
*Former Overstock CEO and billionaire has stated he will invest around $90 million in gold, silver, and crypto
*Warren Buffet is sitting on over $100 billion in cash at the moment
*Luxury art and cars are not finding buyers at markets from the wealthiest spenders in the world economy
Do Something About Your IRA or 401k While You Still Can
A Gold IRA:
*Can protect you from the devaluation of the dollar due to un-payable US national debt
*Enables you to make money even as stock markets decline, drop in price, or even crash
*Let’s you retain all the same tax benefits of a traditional IRA or 401k
When the Recession is officially announced, it will likely already be too late to save your retirement and investments. And a Depression will likely not be announced.
If you’ve been following this blog or my YouTube channel, then you’ll know that the yield curve inversion in US bonds, a traditional and historically accurate recession indicator, triggered 3 months ago and has held steady since that time. And yet today, mainstream news once again acted surprised as the yield curve worsened, and now a 2-year Treasury will pay you more than a 10-year.
And of course, the Dow Jones fell 800 points as well.
With no fundamentals supporting the overpriced stock market, it really has become a leaf in the wind to blow lower or higher on a whim. Indeed, in recent times market index moves of 400 points in a single day occur seemingly with very little rhyme or reason, other than a roll of the dice.
What the general public doesn’t realize is that long-term, the big money has already started exiting the market, leaving the retail investor, 401k and IRA account holder exposed to a significant potential loss.
Of course, that is, unless they were just trying to bait you into taking on risk during a seriously troubling financial time.
That’s exactly what banks are doing now, attempting to coax unsuspecting people into buying things they ultimately can’t afford so they can just confiscate it back in a few years while collecting some short-term profits. In addition, with real inflation rising and every major nation’s central bank cutting interest rates and devaluing their currency, it means it takes even more dollars to buy the same house, because the dollars get weaker by the day.
This is also why US auto defaults are at record highs and at the same time auto sales are plunging, while the average price of a car has increased- but it doesn’t just stop there.
US automakers have actually stopped reporting monthly sales of automobiles recently, even as all foreign car producers continue to release monthly data. Why would US automakers suddenly stop reporting monthly sales, when they have always published this information? Could it be to hide the reality of the economy that we’re all living in and witnessing the veil lift from continuously?
One thing’s for sure, you cannot trust what the media, corporations, or governments are telling you right now. You have to think for yourself, or else it’s going to mean you might find yourself in a position to lose your house, car, job, life savings or retirement.
Protect Your IRA or 401k – Roll Over to a Gold or Silver IRA
A Gold IRA:
*Can protect you from the devaluation of the dollar due to un-payable US national debt
*Helps you make money even as stock markets decline, drop in price, or even crash
*Provides all the same tax benefits of a traditional IRA or 401k
Are We Already Living in “The Greatest Depression”?
According to Gerald Celente of Trends Journal, the US is entering, if not already in, the “Greatest Depression.” On Jeff Rense’s radio show this week, Gerald went on to say that the global economic slowdown is about to hit home in the USA, and hard.
Gerald Celente has been accurately predicting major economic and political events for the last 30 years. He was correct about the 2008 stock market crash and even called the “Trump rally” in late 2016, when he predicted that the stock market would rise to new highs based on optimism and a more tax-friendly environment for corporations and Americans.
But now, his latest prediction could be his most important:
“During the last recession, the Federal Reserve dropped rates to zero from 5%. This time, when the recession becomes official, they will already be at 2% trying to cut to zero, and it won’t be enough to have any effect on the economy at all… Now in Germany, if you buy a 30-year government bond, they are promising to give you back less money than what you paid initially. Imagine that, buying a bond knowing that you are going to lose money, guaranteed.”
Gerald Celente had a warning to the listening audience, that people could lose their jobs, their homes, their businesses, and worst of all- potentially their lives.
“You have the trade wars, the currency wars… and we are already in the stages of the Greatest Depression.”
Radio host Jeff Rense was keen to add that “by the time they announce the recession, it will already be too late to do something about it to protect yourself and your family”.
And I can’t help but agree.
Safeguard Your IRA or 401k While You Still Can
A Gold IRA:
*Can save you from the devaluation of the dollar due to un-payable US national debt
*Helps you make money even as stock markets decline, drop in price, or even crash
*Gives you all the same tax benefits of a traditional IRA or 401k
When the recession is officially announced, it will likely already be too late to save your retirement and investments.
Schiff Proven Right Again About the US Economy, Gold and Silver
Peter Schiff has once again been proven right with his predictions of the US economy and the Federal Reserve. In a recent interview with Fox Business, he was credited for calling the Fed’s bluff when it pretended that it would not lower interest rates earlier in the year.
Indeed, all major world currencies are weakening as central banks around the world from the US to Russia, India to New Zealand, Australia, Turkey, and Thailand made additional interest rate cuts. World financial markets responded with increased volatility while local currencies experienced immediate devaluation.
What does all this mean for financial markets and Wall Street?
Looking ahead, no one knows just what might rattle the markets causing them to shed even more, but one thing’s for sure, gold and silver have been shining brightly for the last 3 months.
Why Gold and Silver Are Beating Stocks and Bonds with No End in Sight
Key Points to Remember:
*Gold and silver are just getting started with their upward price movement
*Bonds worldwide are losing their ability to pay out a rate that can maintain savings against inflation
*The stock market is currently going up due to a real devaluation of the US dollar and lowering interest rates
*Manufacturing in the US continues to disappoint, debt is skyrocketing without any chance of ever being repaid
*A lot of the GDP number came from government spending
*Investors are still very complacent towards gold overall, making the risky decision to put their trust in central banks
*Gold was only $300/ounce in 2000 and currently at $1,500/ounce today, and could go much higher than $5,000 in the near future
*Central banks around the world have lowered interest rates in unison, signalling worries of a growing global recession
*Deutsche Bank completely exited global equity positions last month and cut 18,000 trading jobs
With never-ending negative news for the economy and the stock market after the longest business expansion cycle in history (created mostly by central bank money printing and debt), there has never been a better time for IRA and 401k holders to shield themselves from newly materializing economic realities.
Protect Your IRA or Roll Over Your Old 401k to a Gold or Silver IRA
A Gold IRA:
*Can protect you from the devaluation of the dollar due to un-payable US national debt
*Helps you make money even as stock markets decline, drop in price, or even crash
*Provides all the same tax benefits of a traditional IRA or 401k
In the worst day for stocks in 2019, the Dow Jones, S & P 500 and Nasdaq all lost 3% or more as the reality of a global economic slowdown is becoming undeniable at this point. Even with central banks devaluing currency and slashing interest rates, it seems this market has even more downside potential.
World Stock Markets Plunge in Worst Day of 2019
It was all kinds of bad today for markets, but the narrative that the media is pushing still fails at giving folks the bigger picture of just what is going on for the US and global economy. They blame Donald Trump’s threats for more trade tariffs, or China’s recent decision to further devalue their currency, or any other newsworthy item, but that does not do justice to the truth.
The truth is the global economy has been in a slowdown for the last year or 2 (at least), and not even central bank manipulation, like the Federal Reserve’s announcement last week to cut interest rates for the first time in 10 years, is going to save the day this time.
*Manufacturing has been decreasing since the beginning of 2018
*A trucking recession began in November of 2018, with 7 major trucking companies closing down in 2019
*The US federal government, corporations, and private citizens have all-time record amounts of debt
*Central banks around the world have already started cutting interest rates along with the US Federal Reserve
*Treasury yields are at 2 and a half year lows, and stand to lose even more
*the Dow Jones index has lost over 1600 points in the last 3 weeks
*China’s Commerce Ministry said that Chinese companies have stopped buying US crops
*money velocity, or the rate at which money moves through the real economy, is at all-time lows in spite of Federal stimulus for 10 years
It’s clear that when you weigh the facts vs the fluff, the recession may already be upon us. Whatever you do, don’t wait for the government or the media to announce it, because by then it will be too late.
Think about it- if the Dow Jones almost drops 1,000 points in a single day during times when the President and his advisers say our economy has never been stronger, what’s going to happen when they’re actually forced to admit the economy is on the brink of decline?
There will be a stampede for the exits.
Do Something to Protect Your IRA or 401k from a Stock Market Collapse with a Gold IRA Rollover
A Gold IRA:
*Can protect you from the devaluation of the dollar due to un-payable US national debt
*Helps you make money even as stock markets decline, drop in price, or even crash
*Provides all the same tax benefits of a traditional IRA or 401k
Jerome Powell says the economy’s so great, we’re going to go ahead and cut interest rates anyway, but just a little tease so we can all see what happens. The stock market responded by dropping a full 1% across the board, not satisfied with the token measures presented at today’s Federal Reserve meeting.
Federal Reserve Lowers Interest Rates- But It Doesn’t Work
The next day was even more interesting, with the Dow Jones climbing over 250 points, only to drop about 450 points starting in the mid afternoon after President Trump promised more tariffs and penalties against China.
What Does the Future Hold for the US Economy, and Your 401k?
I’ve been saying it for the last 5 years (at least). The stock market has been boosted by artificially low interest rates, which dissuades average savers and investors from keeping cash in the bank to earn interest or to buy US Treasuries, taking a conservative money management strategy.
Instead, the middle class has been having their wealth siphoned for 10 years, and all this recent interest rate cut proves is that printing money does not solve fundamental problems in the US or global economy. Maybe instead of bailing out the “too big to fail” banks, we should have let them go away.
With the housing market cooling to a freeze in both America and Australia as well as the rest of the world, and retail and manufacturing reporting disappointing numbers, it would appear that the charade is almost up for central banks who continue to support the false narrative that they are there for anything else than propping up the elite and the billionaires who have fared quite well since the Great Recession.
I don’t see this ending well. Do something about your own investments, savings, and retirement while you still can.
Save Your IRA or 401k from a Stock Market Collapse with a Gold IRA Rollover
A Gold IRA:
*Can protect you from the devaluation of the dollar due to un-payable US national debt
*Helps you make money even as stock markets decline, drop in price, or even crash
*Provides all the same tax benefits of a traditional IRA or 401k
CBD, or Cannabidiol, is all the rage these days. With the exponential rise in sales of CBD products and the slackening of laws in the USA matched with new medical studies being seemingly released every day proving the efficacy of CBD, it’s no wonder that now even Baby Boomers are reaching for cannabis to help with all their issues.
But unlike the crazy 60’s, this cannabis doesn’t get you high, it just helps your body return to homeostasis, and it has few to no side effects, and you cannot overdose.
Sleep Apnea and Insomnia: CBD to the Rescue
About 70 million Americans suffer from sleep disorders, from insomnia to snoring and sleep apnea, and all for various reasons. Harvard doctors have said that sleep apnea would practically go away if people would simply lose 10% of their current body weight, but with now over 1/3rd of all Americans obese and about 70% overweight, it’s safe to say most people are not going that route.
As for insomnia, a frantic and anxious mind is never a good thing when it comes time to knock out and try to get 8 – 9 hours of quality sleep at night. With the added stress of everyday life, some people simply survive without the much-needed REM sleep and just do their best with what they can manage.
The amount of unnecessary drowsiness and lost sleep results in real health problems and public dangers like increased roadway accidents and the body’s immune system being compromised. With sleep apnea, if left untreated, it can lead to stroke, heart attack, and even increased risk for diabetes.
This is where CBD comes in.
CBD is great for balancing the body’s internal processes and cellular functions, and it has been found to have a direct positive effect on reducing anxiety which many insomniacs suffer from. It directly attaches to cannabinoid receptors in the brain and the body to allow the body to use more of the body’s pre-existing cannabinoids. That’s right, your body has receptors and CBD already floating around, it just needs a little help to utilize them.
Aside from reducing anxiety, CBD also has a positive effect on breathing. This is because it tends to firm up the muscles in the glottis near the larynx, preventing them from loosening and then blocking the airway as normally occurs with people who snore and for those with sleep apnea.
What Else Can CBD Do?
CBD is also amazingly helpful for people with Parkinson’s Disease, Alzheimer’s, dementia, arthritis, and even cancer. It acts as a natural anti-inflammatory, and inflammation has been recently discovered and established by one of the root causes of disease according once again to Harvard Medical School.
Throw in the fact that it can reduce or completely eliminate seizures in kids with epilepsy, and it’s no surprise that more Americans are turning over a new leaf- a cannabis leaf.
Even the FDA is joining in, clearing and approving the first CBD-based anti-seizure medication on the market in 2018.
How Do You Obtain CBD Legally?
Baby Boomers are quickly becoming one of the largest segments in the legal CBD market, and why not? It’s really easy and convenient to acquire, and it is natural and safe.
Dosing is easy. Simply start out with the recommended doseage suggested on the label. Since it doesn’t get you high, you don’t really have to worry about overdoing it, and you’ll still be able to see for yourself how it works for you. Most people notice positive effects within a few days.
Use CBD, Not THC, for Sleep
It’s important to remember that CBD is most helpful for deep, REM sleep. Using legal cannabis or marijuana which is high in THC may actually be counter-productive, and while it may help you get to sleep faster, it can inhibit deeper levels of sleep. From experience, I can say that some forms of cannabis which is really high in THC can actually make you a bit nervous and wake you up substantially.
Times are changing, and people are starting to realize just how vital it is to re-connect with natural treatments that don’t involve highly addictive pills like opiates or anti-anxiety agents like Xanax.
With all the recent talks of interest rate cuts by the Federal Reserve and traders already factoring this into the price of stocks, gold has gone up by 10% in the last 2 months, but this may only be the beginning.
Gold Soars Past 5-Year Highs
It seems the cat has been let out of the bag, with gold prices breaking out of 5-year highs this week on the heels of more Federal Reserve theater with President Donald Trump. At this point, it’s clear the central bankers know they will have to cut rates, so they are just holding out and stalling as long as they can to slow the drastic outcome that could result in the short term.
Anyone paying attention to the real global economy knows that a slowdown has been ongoing for the last 6 months minimum. Central banks around the world from Australia, to India, China, the European Union, and now Russia, have all been moving to lower rates in order to keep their economies from tanking for the time being.
Silver is another great option, rising 3% in the past week and breaking key resistance. Silver is another fine option to consider since there is an ongoing shortage of silver miners in the industry, which means ones retail investors head into silver in large numbers there will be a lack of supply that will contribute to huge upside in the shiny metal.
Additionally, Silver is great because it is small enough for barter/exchange for goods and services in an emergency, and it also qualifies for precious metals IRAs.
Global Political Instability on the Rise
With the recent posturing and threats made on both sides of the current US/Iranian conflict in the Strait of Hormuz, the price of oil can be expected to see a rise as the body of water sees 10 – 15% of total world oil production pass through on a yearly basis. It seems the West has its heart set on some type of direct military confrontation as the rhetoric increasingly turns to missiles fired and tankers attacked.
No one know how this whole thing will develop, but with underlying world economic weakness and increasing political strife, it makes even more sense to hold gold and silver, especially with the recent bursts in price to break out of 5-year price ranges.
Do what you can to prepare your investments now, while you still can.
Protect Your IRA or 401k from an Economic Collapse with a Gold IRA Rollover
A Gold IRA:
*Can protect you from the devaluation of the dollar due to un-payable US national debt
*Helps you make money even as stock markets decline, drop in price, or even crash
*Provides all the same tax benefits of a traditional IRA or 401k
*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.