Are you prepared for the collapse of the dollar?
Traditional IRA accounts may not be enough to provide for you and your loved ones post-retirement. Not if the economy continues spiraling out of control at this magnitude.
If your investments are tied directly to the stock market, beware: Today's modern investor demands a new modern investment strategy.
The future of our American economy is dominated by uncertainty. The devaluation of the dollar courtesy of the Fed's mismanagement will only get worse as our nation struggles to repay its debt without entering a hostile deflationary environment. Investors are hungrier than ever for diversification, tirelessly searching for security. They're looking for IRAs that won't disappear if the dollar does.
Have you considered the ramifications of the vanishing value of the dollar?
If not, you'll want to give this report a thorough read-through before investing another penny...
You could be missing out on the opportunity to maximize your returns with a gold IRA.
Every dollar you possess today is worth at least 97% less than it was worth when the dollar was first circulated in 1913. Experts predict U.S. dollars may not be worth the paper they are printed on within a decade.
So, what can you do to protect your wealth if the value of your fiat savings evaporates into thin air?
If you think you can rely on your 401(k) or other savings accounts, real estate, Social Security, or the government, think again...
The only secure financial asset that has stood the grueling test of time is gold.
You can benefit from this knowledge by adding gold to your IRA.
In fact, an increasing number of mainstream investors are catching onto and capitalizing on this very trend.
The Gold IRA Rollover
This is a simple process that permits individuals to diversify any portion of his or her retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold (and silver) within that retirement plan.
Better yet, there are almost zero complications. The IRS fully approves the Gold IRA Rollover — and it's 100% tax-free!
*Sidenote: Collectibles are prohibited in IRAs as defined in Section 408(m) of the Internal Revenue Code.
If you currently hold a Traditional, Roth, SEP, or Simple IRA account, this transaction is very feasible for you.
The account types listed below may also be eligible for a Gold IRA Rollover:
• Pension Plans
• TIAA CREF
• Non-prototype IRA
• Beneficiary IRA
• 401(k), 403(b) or 457 Deferred Compensation Plan
So, What Exactly is a Gold IRA?
The Gold IRA is an option for self-reliant investors who don't want to leave the future of their wealth in others' hands.
This option allows the individual investors to securely possess physical precious metals in a tax-deferred account. This frees your portfolio up for physical assets that don't carry the same risks as stocks and bonds. And you aren't limited to gold... You can opt for silver, platinum, or palladium as well. Whichever metals you choose will be safely secured in an IRS-approved depository and ready for you to use as soon as you retire.
If this has piqued your interest and you'd like to go forth with this plan, you can do so through American Bullion. They have IRA specialists available to speak with at 1-800-326-9598.
Currently, there are only a handful of options (aka: trusts) for investors wishing to pursue this route, including Sterling Trust Company, American Estate & Trust, LLC, GoldStar Trust Company, and the Entrust Group. Most trustees arrange for the physical storage of coins and bullion with the Delaware Depository Service Company in Wilmington, Delaware.
You can expect to be subjected to a one-time IRA set-up fee, a yearly management fee (for producing statements and other necessary paperwork), and another annual fee for storage of the gold coins or bullion. Those fees range from $25-$50, $75-$250, and $125-$250, respectively.
Although you are free to seek expert opinion, you will probably be on your own when it comes to determining an actual precious metals dealer willing to sell the coins and/or bullion to your IRA, or to buy from that account when that time comes. Two good examples of such dealers are USAGOLD-Centennial Precious Metals and Goldline International.
Why Consider Physical Ownership of Precious Metals for Your IRA?
Every time there's a gold sell-off, international buyers swoop in to stock up on cheap gold during price dips...
Gold sales slowly begin to surge, and the price of gold follows suit.
Simply stated, plunging gold prices merely spur demand.
If you're really smart, you'll buy on the dips and keep your eyes off the market for a while... Who cares about fleeting day-to-day gold prices when you're in for the long haul, seeking a true safe haven in your diligent efforts to protect your retirement from inflation?
The bottom line: Gold is up over 400% since 2000 and the S&P is only up 27%.
Even if gold falls by more than $100 in any given week or month, early investors don't really care...
They don't sweat the small losses because the big-picture gains are far greater.
Besides, investing in a Gold IRA is a fairly new privilege for investors. The IRS ruled in 2007 that IRAs can buy shares in precious metal ETFs that are classified as grantor investment trusts without any tax problems.
Since the ruling, both of the most popular precious metal ETFs have been approved by the IRS: SPDR Gold Trust (NYSE:GLD) and the iShares Silver Trust (NYSE:SLV).
What about Mining Stocks?
In addition to adding bullion to your IRA, you have the opportunity to have your IRA buy a stock in a mining company.
Barrick Gold Corporation (NYSE:ABX), for example, is the world's largest pure gold mining company. There are no tax concerns with this option, either.
Mining stocks are advantageous because you can expose yourself to the success that comes with strong support in gold prices without putting yourself in a stressful position of being completely dependent on a rising gold price in order to pocket profits...
Unlike gold bullion itself, a company's actual stock value can rise even if the underlying product remains status quo.
If you want to invest in mining companies, you must review properties and politics. Any seasoned investor will tell you that you have to look at the “hard facts” of any company you invest in. Pay attention to everything from geography and drilling techniques to leadership capabilities. You have to know if the company can produce sustainable results.
Politics are important because, as seen in South Africa, social unrest can halt even the most successful mining companies...
Paying attention to these dynamics will ensure you the best chance at succeeding in this kind of complex investing.
As you move forward with in your investments for your future, consider the following:
“When you study the whole history of money, the thing that you find is that there's never been a fiat currency, like a paper currency, that didn't end in a hyperinflation and a complete collapse. Not one, ever. This isn't going to be different. It's going to be worse because now we've got a global fiat currency system."
— Nick Barisheff, President and CEO, Bullion Management Group Inc.
Thanks for subscribing to the Outsider Club. We'll continue to find ways to boost your portfolio with flexible and safe investments that will help you break free of the traditional trading advantages, traps, and pitfalls financial institutions use to siphon off your wealth...
The Outsider Club Research Team