Gold is a valuable asset used for centuries as a currency. In addition to its use as money, Gold also has specific benefits when investing. For example, a gold IRA can help to improve a retirement account by giving investors access to this precious metal. What is the history of Gold, and how can it […]
We know that people are concerned about precious metals investing in their self-directed IRA due to the recent selloff in metals and commodities in general. It’s easy to get concerned when you see corrections all the way to the mid-1500s for gold. But, you have to ask yourself why would gold suddenly just fall out […]
Should you invest in gold? Answers to this question tend to gravitate toward one extreme or the other. Many investors on one side of this discussion believe that investing in gold is a losing proposition because it does not pay any interest and dividends and it costs money to store and protect. On the other […]
With the use of a self-directed IRA you are able to diversify your retirement portfolio. There are so many different investment opportunities that you can do through a self-directed IRA. Really the only thing that holds you back from investing within a self-directed IRA besides some of the rules is your imagination. There are however […]
Investing in physical gold and silver inside of a Self Directed IRA is a great way to diversify your retirement portfolio. Most IRA brokerage companies allow you to invest in ETF (paper that says you own gold) but few IRA custodians allow you to invest in the physical metals. Many people have concerns about ETF’s. […]
An IRA is a great retirement account for anyone looking to grow their retirement nest egg over the span of your career. It makes saving even more advantageous because of the tax advantages that come with an IRA. There are different types of IRAs including: Traditional, Roth, SEP, and Simple accounts. Each one of these […]
No one has a crystal ball and no one is 100% accurate in trying to predict the US economy. However, as wrong as people may be at a detailed level, its not too hard to see larger, more macro trends with some good level of predictability and accuracy. As such, we are seeing 2013 as […]
Recently my bank started issuing $50 and $100 bills from the ATM machine. Every time I go to a store or restaurant to spend one these crisp bills, the clerk or the waiter either holds the bills up and scrutinize them like they are analyzing a diamond, or they call over a manager who is […]
There is another, pronounced trend taking place in the metals markets. There appears to be a significant shift to holding physical gold. As evidence of this trend, we refer you to the chart below which shows the yearly net change in demand for physical gold versus the amount of demand for holding paper gold via […]
The World Gold Council just released their Q3-2012 Gold update. We thought that we would review some of the highlights. Q3 Summary Gold (US$/oz) returned 11.1% in the third quarter as investors responded to further central bank measures aimed at stimulating the economy. Volatility decreased during the period, with gold prices experiencing little movement in […]
Wholesale inflation shows that prices increased by 4.7% for energy related goods and 0.2% for food. That is a total of 4.9% annual increase in the price of energy and foods. Core inflation (what the good ‘ol Fed and government uses) shows around 2.3%. What does this mean? What these numbers reflect is: 1. Inflation […]
The Sept 2012 jobs numbers came out and shows a decline in unemployment to 7.8% — down from 8.1%. Really? Does this seem plausible. The net number of new jobs created was 114,000. That is a very low, weak number and is not even enough to maintain steady state for the overall economy. So what’s […]