Precious metals such as gold, silver, platinum and palladium are attractive stores of wealth. Many people are using cryptocurrencies too. Paper currency – such as the US Dollar – that is backed by nothing more than the decree of the State can fluctuate in value over time. Today the US Dollar is a fiat currency that is backed by nothing more than the strength and credit of the US Government and the Federal Reserve. The US Dollar is not backed by gold or silver.
If you want to protect your wealth and grow it over time, this is the site for you. We have the information you need to know. We have done the research to find the top companies with the products and services you need.
SPECIAL OFFER – if you meet these criteria:
- You are Aged 50+ and/or are concerned about protecting your money, and
- You have a minimum of $50,000 in a retirement account OR minimum of $20,000 in a savings account, and
- You have an interest in learning more about how to roll over your account into a precious metals IRA
- If all 3 apply to you, check out this SPECIAL OFFER
The Dollar has been a fiat currency for over 40 years now, backed by nothing more than the US Government printing press and the confidence of those who accept it and use it for business. You can learn more about the weaknesses of fiat currencies in the articles on this site. We encourage you to learn about fiat currencies and what you can do to protect and grow your wealth.
Should you desire to insure your wealth over the long-term then you should consider an investment in precious metals or cryptocurrencies. Before you invest in gold or silver consider the ratings and reviews of the top dealers shown on this site. We have collected the top dealers and included reviews from the better known trusted reviewers to help you make your choice. Choose the most trustworthy and reputable dealer when you make a purchase of gold, silver, platinum or palladium.
Protect Your Wealth
Do you want to protect your wealth? It can be quite a challenge to preserve wealth over long periods of time when markets fluctuate wildly. One way many people choose to protect wealth is to set-up a self-directed IRA that can buy and hold physical precious metals such as gold, silver platinum and palladium or cryptocurrencies. We recommend you contact a top rated company to set-up a self-directed IRA that can hold precious metals. They can also help you set-up an IRA to hold cryptocurrencies such as Bitcoin.
You can strengthen and diversify your retirement account with a self-directed precious metals IRA. Many people set-up a self-directed IRA with a custodian to hold precious metals.
You can also do a IRA rollover or a 401k rollover into a new self-directed IRA that can hold physical gold or silver, or a cryptocurrency. An investment in physically held precious metals is a choice made by many to protect wealth over the long-term.
A self-directed precious metals IRA is the preferred investment vehicle of many investors seeking to insure their wealth over periods when markets severely decline. Learn more about why you should consider a gold investment by reading this – click here.
The reviews on this web site show which precious metal dealers are most trustworthy and reputable. There are some great precious metals companies and some not so great companies. We show you “Who Is Who” of the good companies. Precious metals such as gold and silver are a powerful part of any portfolio designed to preserve wealth even through difficult times.
If you have wealth to protect, a self-directed IRA is a preferred investment vehicle to consider. Holding physical gold or silver in such an account is viewed by many as long-term insurance against financial market distress or deep economic downturns. Read on to learn about the benefits of such an account and how best to set one up.
Ask These Three Questions Before Doing Business With Any Precious Metals Company:
1) “Should I Invest in Gold Bullion or in Collector Coins?”
If a company pushes you to purchase collector coins, be very cautious. All too often, collector coins carry large mark-ups. That means they are priced not on the value of the metal they are made from, but rather on the rarity, age and condition of the coin itself as a collectors item. Collector coins are usually priced with such fat profit margins for the dealer that you cannot earn a good return on those coins. Dealers make large profits on collector coins. You most likely will not. Those collector coins are also called “numismatic” coins. For a collector coin, or numismatic coin, the price is determined by age, rarity or other characteristics not related to the value of the metal they are made from.
If you ask the dealer the question about investing in gold bullion versus collector coins and they tell you to invest in “collector coins” that response is a telltale sign that they have their financial interests in mind and not yours. Remember, there is a difference between gold and silver bullion coins from the mints, and “collector” coins. Bullion coins from the mints are valued based upon the metal they are made from, not on age, rarity or other collectibility factors. Bullion means that the value is based upon the metal content.
Bullion coins are valued based on the metal they are made from just as bullion bars are valued based upon the metal they are made from. Collector or numismatic coins are not valued on their metal, but rather on their age, rarity, and other collectibility factors. It is the collector coins to be wary of as they often carry large mark-ups and are a poor investment for you. Avoid them and remember bullion coins from the mints are a better choice. Work with a dealer who provides great bullion prices and shipping terms.
If a salesman begins to tell you the story about President Roosevelt in 1933 confiscating gold from Americans but not taking peoples collector coins, we recommend you END THE CALL quickly and move on to another company. The salesman is trying to switch you into those “collector” coins that they make tons of money on but are a bad investment for you!
Numismatics are often priced with very high premiums over the value of the metal they are made from and they are then sold using unethical tactics to susceptible clients such as the elderly. Sales made using those tactics generally start with a bait such as very low priced gold or silver bullion. Those very inexpensive bullion prices often disappear during the sales call. Those great prices never really existed. Then the conversation normally turns to high pressure sales tactics to sell the overpriced collector coins. Individuals rarely if ever earn a favorable return on such collector coins. They pay too much for those collector coins and do not have a good investment because of it. The companies that sell the numismatic “collector” coins are most often not providing a good investment to their customers.
The US government has been reviewing a number of gold companies for the way they sell collector coins. There have been many consumer complaints and many instances of unethical behavior by companies selling overpriced collector coins to uninformed buyers. These companies commonly use a baiting tactic where they show low cost gold bullion prices only to switch customers to collector coins during the call. All too often, those collector coins are overpriced and a bad investment. End the call with any precious metals company that wants to make you buy numismatic, or collector, coins.
2) “Are the Fees for Handling the IRA Gold Account Scaled or Flat?”
IRA fees for account administration and metals storage will differ with each company. The storage fees depend upon the custodian of the precious metals.
Many storage custodians offer SCALED costs. Scaled fees can become an issue if you have a large account. You must understand how the scaled fees are calculated for your account. It is important you get that in writing to ensure you understand the costs.
Rather than charging scaled fees, some companies charge FLAT fees. Flat fees are generally preferable. But a few outfits have been known to add-in additional costs on top of the flat fees. You need to spend some time asking about these fees to ensure the flat fee is just that and there are no other charges being added for such things as the dollar amount you are investing.
Fee structures are an item to take into account even if you start with a smaller investment. As your investment amount grows over time, you need to know when – and if – your account may be switched to SCALED fees. Ask about this and get the terms worked out as you set-up the account. You prefer never to be exposed to Scaled Fees. Scaled fees can add thousands or tens of thousands of dollars of additional account fees over time. Save these costs by getting the storage fees clearly defined and agreed to when you open your account. This is your money and you want to keep as much of it as you can.
3) “Tell Me How My Precious Metals Investment Will Be Stored?”
Will the custodian hold the precious metals for your account in a co-mingled or segregated storage area?
You want to have segregated storage. With segregated vault storage the silver and gold bullion products you purchase are held solely in your name. Your precious metals are not co-mingled with other peoples precious metals. When using segregated storage, the original products you buy are stored separately and never swapped or co-mingled with other accounts.
Numerous outfits start the conversation by quoting you the cost for co-mingled metals. Only later will they mention the higher, segregated storage costs. Ask about this up front and be clear on the type of storage you want and the costs for that storage. Get it in writing.
Several outfits will say they offer segregated storage when in fact the custodian they use does not. They might tell you that your precious metals will be held at a prominent vault location such as in Delaware. However, the major Delaware depository does not actually store precious metals in segregated accounts. The number of sales people who seem not to know this is quite surprising. Be careful. When you are told something by a salesman that is not true, you should consider moving on to another company. Misinformation is a warning sign that you are dealing with a company that just isn’t the best choice for you. There are very good companies out there to do business with and you should find and work with the best. This is your money and your investment… make the right choice.
How To Find a Reputable and Trustworthy Dealer
Before you invest your money with any company be sure you are working with a quality outfit. Take a little time to learn about the dealers in the marketplace. Most are online.
You should choose a top-tier company to work with when you do a silver or gold IRA rollover, or a 401k rollover. We have selected all of the better known and higher quality companies for review on this site. You can see all the gold company reviews by clicking here. The Gold Company Reviews are provided to help you find the right company for your needs.
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Our goal is to help you understand the choices for buying gold or other precious metals. We have developed this site to help you find the best company for your needs. Give the companies on this site a look. Then make the choice that is best for you.
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Today Is The Day To Invest
The financial markets are still quite weak from the 2008 Financial Panic. The efforts to save the US economy have been extraordinary. The rescue efforts created huge debt and saw massive money printing.
Click here to see the chart of the growth in US debt.
The global economy is still weak and very susceptible to another significant downturn.
The goal of every successful investor and every legendary trader on Wall Street is to Buy Low and Sell High. When the fundamentals tell you that an asset is selling for an attractive price and you expect that price to rise in the future, that is a time to buy. This is a very simple formula to do well with your investments: Buy Low – Sell High.
Precious metals such as gold and silver have long served as true money and a store of wealth. In today’s environment many people seek to insure their wealth, preserving it over what appears to be a troublesome time ahead.
Many people have set-up a self-directed Gold IRA to hold physical gold or silver. Some have called this “central bank insurance” in reference to the risky money printing and market manipulations by the US Federal Reserve and other central banks. Many of the central bank tactics, such as Quantitative Easing, are new tactics that might not work. It is because of these extraordinary efforts by the central banks that many investors have moved a portion of their retirement funds into a Gold IRA. You can see the money printing by the US Federal Reserve in this graph. The amount of money being created is extraordinary and very risky. Many people who see this have opened a self-directed Gold IRA to protect their wealth.