Silver And Gold individual retirement account rip-off as well as information OCCURRING CURRENTLY

Self-DirectedGold IRAs are great because they let you put money into precious metals without having to work with middlemen. These accounts are so simple that even your grandmother could use them!

If you purchase physical silver, gold palladium, platinum and rhodium coins, bars, rounds and bullion, you get immediate liquidity. If you're looking to diversify your portfolio with non-physical assets, then should consider investing in a self-directed IRA.

I've compiled a complete list of all the advantages in self-directing the IRA. This includes everything from tax benefits to how simple it is to open an account. Read it below to find out why you should think about opening an auto-directed IRA today!

In conclusion, I'm sure you have questions about self-directed IRAs. After all, they're fairly new, and many investors aren't aware of their existence. If you're looking to get control of your retirement savings now is the best moment to start exploring the possibilities. Self-directed IRAs allow you to make investments in the way you'd like, with no the approval of anyone. Because you decide the investment you'd like to make you'll save thousands of dollars every year.

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By: Financial Prepper
Title: Gold and Silver IRA scam and NEWS HAPPENING NOW
Sourced From: www.youtube.com/watch?v=LN9JQnrcjLM

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Opening the Power of 401k to Gold Individual Retirement Account Rollover|Secure Your Future!

Self-Directed gold IRAs are great as they let you invest in precious metals without having to work with middlemen. They are so simple , even your grandmother could set it up!

When you purchase physical silver, gold, platinum, palladium, and the rhodium coins, bars rounds, and bullion, you'll get immediate liquidity. However, if you wish to diversify your portfolio with other assets that aren't physical, then you might want to consider investing in an IRA that is self-directed. IRA.

I've created a comprehensive listing of the advantages in self-directing the IRA. This includes everything from tax benefits to the ease to establish an account. Read it below to discover the reasons to consider opening an self-directed IRA immediately!

In the end, I'm sure you've got questions regarding self-directed IRAs. They're not that recent, and many people aren't even aware of their existence. However, if you're eager to take control of your retirement savings now is the perfect time to explore these options. Self-directed IRAs allow you to invest your money however you'd like, with no approval from anyone else. Furthermore, since you determine where your money goes it can save you thousands of dollars every year.

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By: MA Promos USA
Title: Unlocking the Power of 401k to Gold IRA Rollover | Secure Your Future!
Sourced From: www.youtube.com/watch?v=YEgbeF5PJPY

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Is a Roth 401(k) Better Than a Roth IRA?

Self-DirectedGold IRAs are great as they allow you to make investments in gold and other precious metals without needing to engage any middlemen. These accounts are so simple that your grandmother could use them!

When you purchase physical gold, silver platinum, palladium and the rhodium coins, bars rounds, and bullion, you'll get immediate liquidity. But if you want diversify your portfolio by investing in physical assets, you may want to invest in self-directed IRA.

I've compiled a complete listing of the advantages in self-directing the IRA. This includes everything from tax advantages to how easy it is to establish an account. Check it out below and learn why you should consider opening self-directed IRA right now!

In conclusion, I'm sure you've got questions regarding self-directed IRAs. In the end, they're relatively recent, and many people aren't even aware of their existence. If you're looking to manage your retirement savings now is the ideal moment to look into these options. Self-directed IRAs allow you to put your money where you'd like, with no approval from anyone else. Because you decide which investments you want to make it can save you thousands of dollars every year.

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By: Ramsey Everyday Millionaires
Title: Is a Roth 401(k) Better Than a Roth IRA?
Sourced From: www.youtube.com/watch?v=6JzKNdDCmH8

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CAUTION! This is why the securities market is heading for calamity

Self-Directed gold IRAs are great because they allow you to place your money in the precious metals, without having to work with middlemen. These accounts are so simple , even your grandmother could manage it!

When you buy physical silver, gold, palladium, platinum and rhodium coins, bars, rounds and bullion, you'll get immediate liquidity. However, if you wish to diversify your portfolio through non-physical assets, then might want to consider investing in an IRA that is self-directed. IRA.

I've prepared a thorough overview of the many benefits of self-directing your IRA. This includes everything from tax benefits to how easy it is to open an account. Take a look below and learn why you should consider opening an self-directed IRA today!

In the end, I'm sure you've got questions regarding self-directed IRAs. They're not that new, and many investors aren't aware of their existence. However, if you're eager to control your retirement savings, now is the ideal moment to start exploring them. Self-directed IRAs permit you to invest your money however you'd like, with no permission from any other person. Because you decide the investment you'd like to make you'll save hundreds of dollars a year.

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By: Morris Invest
Title: CAUTION! This is why the stock market is heading for disaster
Sourced From: www.youtube.com/watch?v=QlB5YbXcL14

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Why the 1960s and 1970s Are the Playbook for Investors Today

Retirement accounts face greater risks today. That risk is inflation.

Rising inflation has moderated a bit in recent months. Yet it is still well above the 10-year historical average of about 1.88%.

The problem is that many retirement accounts were set up, funded, and invested at a time when inflation was low. That time has passed, but few retirement accounts have caught up to the current environment. As a result, the allocations within many of these accounts are not prepared for the possibility of structural inflation pressures that last for the long-term.

Put simply, it’s hard for investors to adapt when most of their working years were characterized by disinflationary pressures.

Consider that from about 1994 to 2020 durable goods prices fell, on average, a few percentage points each year. This happened because that period was an era of globalization as an enormous number of people in East Asia moved from the farm to the factory. As this labor entered the global economy, disinflationary forces took hold. However, today, globalization is coming to an end as the US continues to nearshore manufacturing and bring more supply chains home.

Additionally, labor force growth has slowed to slightly above zero. This is a result of the aging of the domestic employment base. Research from The Brookings Institution concluded that “participation has fallen substantially more among older adults, many of whom are homeowners who benefited from rising house prices.” As a result, we have a “domestic supply shock, when it comes to labor, which adds further pressure to this global supply shock,” according to former Senior Investment Executive at Bridgewater Associates, Bob Elliott.

He continues to explain that this dynamic could be setting us up for an era of inflation, “which is very different from the structural era of disinflation that basically all of us have known our entire lives.” This means that the financial setting of the last few decades will not be a very accurate compass for investors trying to build their retirement savings.

The question remains: what should investors do?

Elliot suggests that investors look at periods that had characteristics similar to those we’re seeing today, namely the 1960s and the 1970s. During those two decades gold increased by almost 400%.

This performance suggests that gold and other commodities could provide a powerful level of protection against the eroding effects of long-term inflation that cannot be tamed with Fed action alone. As discussed above, long-term, structural inflation is a likely result of major global factors like reduced globalization and a dramatic drop in labor force participation. These are factors that cannot be addressed with rate hikes. They are widespread and they are largely irreversible.

Traditional investments like stocks and bonds may still do well in the coming years but the risk for investors is that “well” might not be good enough. That’s why it’s time for investors, especially retirement savers, to seek the asset classes that performed well in eras that look more like today.

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Exactly How Gold Does in "Left Tail" Occasions

An event that has a small probability of occurring is sometimes called a tail event. The “tail” is the sloping far left and right sides of a normal distribution curve. These are the areas that sit outside the main bulge of the curve.

If the tail represents uncommon outcomes, why do they matter?

They matter because when they do happen, they often present dramatic outcomes.

In his 2007 best-seller, The Black Swan: The Impact of the Highly Improbable, author Nassim Taleb explored the concept of tail risk. The message of the book is clear: we are often blind to randomness and this blindness leaves us unknowingly exposed to risks that can have devastating consequences. While these risks are unlikely, people need to be prepared for them. If they ignore them, they are choosing to ignore events that could have permanent consequences.

The “tail” however, is not always something to fear. When considered in the context of a diversified portfolio, the tail represents both threats and opportunities. Consider that “gold tends to outperform in left-tail events,” according to research recently published by the World Gold Council.

This out-performance does not necessarily look like skyrocketing returns. Sometimes, an outperforming asset is one that maintains its value in a setting in which most other assets plummet. This characteristic of gold is important because, as Taleb argues, the world we live in is becoming increasingly fragile. This is a result of increasingly interconnected financial systems in which each individual part can have a massive impact on the whole

Others have explored this idea. In his book Normal Accidents, author Charles Perrow warns that “we create systems—organizations, and the organization of organizations—that increase the risks for the operators, passengers, innocent bystanders, and for future generations.”

Taleb summarizes that “the great danger has always been too much connectivity.” Herein lies the power gold has to add stability to a portfolio. Research from the World Gold Council finds that the correlation between gold and the stock market becomes more negative as equity market moves intensify. In other words, as the S&P 500 experiences larger swings, gold increasingly moves in an opposite direction.

Today, we can see the impact of our interconnected world. The pandemic put more cash in peoples’ hands, due to both sheltering in place and government stimulus. This led to more spending, which led to inflation. As a result, the government has been raising rates to cool the economy. This, in turn, has boosted gold prices, as seen by a 12% on a year-over-year increase in demand for the metal in the first half of 2022.

This chain of events shows both the connectedness of our financial systems and the way in which gold acts as a stabilizing force. This stability will be increasingly important as we enter a new setting in which inflation remains stubborn and as the era of cheap money comes to an end.

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The U.S. Trade Dollar

The Trade Dollar is an interesting example of how expanding global trade can give rise to new coins.

In the mid-1800s, the Mexican peso was a highly valued means of exchange in China. In contrast, the American silver dollar was far less popular due to its relatively light weight. This meant that American merchants had no choice but to use Mexican and Spanish currency when engaging in commerce.

Around this time, Louis Garnett, who served as both the treasurer and assayer of the San Francisco Mint, suggested that the U.S. create a new commercial dollar for export to East Asia. The intent was for this new coin to compete with other trade coins that were already well-established in those areas.

By 1872, there was a bill before Congress seeking authorization for such a coin. Around the same time, the Mint began to strike several commercial dollar designs in preparation for the new piece upon passage of the bill. Eventually, it was decided that the design would show Liberty as represented by a seated figure facing left, a reference to the direction of East Asia. The obverse showed a bald eagle as required by law. Interestingly, the image of the eagle on this coin was a reversal of most other coins of the era given that the eagle held three arrows in its right claw and an olive branch in its left.

After the coin was minted and circulated, Henry Linderman, American financier and superintendent of the U.S. Mint, ordered a review of the coin’s acceptance in China. He learned that the coin was fairly well circulated in southern China but failed to experience widespread usage in the north.

Around this same time, Congress passed the Specie Redemption Act which gave the Treasury permission to pay silver coins in exchange for paper currency. This decision, coupled with a drop in silver prices, led to an increase of silver coins in American transactions and Trade Dollars started flowing back into the US. Soon, the intrinsic value of the coin sunk below one dollar and by late July of 1876 Congress passed a bill that officially demonetized it.

Despite this, Trade Dollars remained in circulation and some employers in the US started to pay workers with them, as they could be purchased at a discount as the price of silver dropped. In response, many towns set a fixed value on the coins. Problems intensified as bullion prices continued to drop through the 1880s, which exacerbated losses among those who paid face value and ultimately were forced to sell at melt value.

Eventually, Trade Dollars were once again made legal tender upon passage of the Coinage Act of 1965. Today, the bullion and numismatic value of the Trade Dollar is greater than its face value of one dollar.

These coins, consisting of 90% silver and 10% copper, represent the confluence of change seen in American commerce in the late 1800s when commodity process, competing currencies, and international trade all influenced the fate of the Trade Dollar.

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Gold Jumps as Inflation Data Compromises United State Dollar

Precious metals investors saw a nice lift to their portfolio last week. The price of gold jumped 1.8% following new economic reports signaling that

Gold bar on US dollar banknotes money, economy finance exchange trade investment concept. inflation is easing. That in turn weakened the U.S. dollar, which fell to its lowest level since April 2022 last week and also triggered expectations that the Federal Reserve may not have to raise interest rates as much as previously expected.

Spot gold climbed above $1,961 an ounce last week, hitting its highest level since early June.

The inflation report revealed that Consumer Price Index inflation rose 0.2% in June, and was up 3% from a year ago, the lowest level since March 21. Excluding food and energy, however, CPI inflation remained elevated with the core rate up 0.2% at a 4.8% year-over-year rate.

The drop in headline inflation spurred expectations that the Federal Reserve may not have to be as aggressive in continuing interest rate hikes as previously expected. That boosted gold as it removes some of the opportunity cost of holding gold, which doesn’t provide an interest rate.

Also fueling the strength in both gold and silver was fresh weakness in the U.S. dollar, which has been trending lower for the past nine months. A weaker dollar tends to support gold as the precious metal is bought and sold in U.S. dollars around the globe, which makes it less expensive for foreign buyers.

Gold Outperforming Stocks and Bonds

Overall, precious metals continue to deliver solid diversification and returns for bullion holders. In fact, gold is beating both U.S. stocks and bonds in July.

“So far this year, once again, you’ve been better off in a portfolio of 60% stocks, 30% bonds and 10% gold than in just 60% stocks and 40% bonds,” wrote Brett Arends in a July 14 MarketWatch article.

Bottom Line

Even though inflation is coming down, gold prices are still rising and investors remain bullish on the yellow metal in the near term. The latest Kitco Gold survey revealed that 61% of Main Street investors expect gold to increase this week.

Bigger picture, with expectations that the Fed may need to cut interest rates in 2024 that would allow gold to move even higher as the Fed’s interest rate hiking campaign has been a factor artificially holding gold back over the past year.

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Top Five Most Valuable Shipwrecks

List of top five most valuable cargo on shipwrecks

• The San José
• The Nuestra Senora De Atocha
• S.S. Central America
• S.S. Gairsoppa
• Titanic

Shipwreck gold and silver hold a special place in many collectors’ hearts. Due to their dramatic history, rarity and against-all-odds type of survival – that it could ever be recovered from the depths of the ocean floor – these pieces are highly sought after within the numismatic world. We feature the top five most valuable shipwrecks in history.

The San José: estimated $17-$20 billion

Three centuries ago, the English navy ambushed a Spanish treasure fleet loaded with billions of dollars (in today’s value) of gold, silver, jewel and other valuables. The Columbian navy located this shipwreck in 2015, yet the government fighting over who owns the treasure has kept the remarkably preserved hoard on the ocean’s floor. The Columbian government claims ownership of the ship and its treasure, yet under international law Spain still owns the San José.

What happened: On June 8, 1708, the San José, a three-masted galleon was attacked off Cartagena, Colombia, by a British squadron under the command of Captain Charles Wager. During the treacherous fight on the open sea, the San José was hit badly and sank with an incredible cargo of gold and silver coins, emeralds and other valuables.

Today, the Colombian navy says cannons, coins and gold bars can be seen lying on the seafloor in pristine condition. The ship lies on the ocean floor at a considerable depth of around 2,000 feet, which keeps it out of the sunlight that sustains marine organisms – and experts believe this is what has allowed the shipwreck and its value to be so well preserved.

Today, the exact location of the wreck is a closely guarded secret. Rare coin collectors can expect a salvage operation to occur at some time in the future, which would create an incredible buying opportunity for numismatic investors. Stay tuned.

The Nuestra Senora De Atocha: $400 million

Experts call the Nuestra Senora De Atocha “greatest treasure ever found,” in terms of total value and difficulty to salvage. The ship was built in Havana Harbor and left the port on September 4 1622. La Nuestra Senora de Atocha was one of twenty-eight vessels in the Terre Firme Fleet, heading to Spain with trade goods and treasure. One day later on September 5, a massive hurricane struck the fleet just 60 miles off the coast of Cuba. That day, 260 souls lost their lives as the ship sunk in the deadly storm. Only five survivors were found, who clung to life by hanging onto the mizzen, which remained above the water.

In July 1985, Mel Fisher and a team of divers discovered the shipwreck off the Florida Keys. The valuable cargo included $400 million of treasure including 24 tons of silver bullion, ingots, and coins, 125 gold bars and discs and 1,200 pounds of silverware. The coins were minted in the New World Spanish colonies and the hoard also included Colombian Emeralds from the famed Muzo Mine.

S.S. Central America: over $300 million

In September 1857, a 280-foot, wooden-hulled steamer called the S.S. Central America set sail for New York from San Francisco. Known today by numismatics as the fated “Ship of Gold” this steamer carried 578 souls and over two tons of gold and coins from San Francisco, worth an estimated $8 million at the time. Sadly, this legendary ship sailed straight into a Category 2 hurricane off the coast of the Carolinas.

She took on water fast and the 105 mph winds shredded her sails. The crew bailed water all night long valiantly fighting back against the monster storm. Two ships came to their rescue and transported 153 of the passengers to safety in lifeboats. Eventually, the captain fired his final rocket – a signal the ship would soon go under. Tragically, 425 passengers died as the ship sunk.

For 131 years, her treasure worth $300 million in today’s dollars – sat at the bottom of the ocean. In 1988, a team discovered the ship 160 miles off the coast at a depth of 7,200 feet.

A total of 346 Kellogg & Humbert ingots were recovered from the ocean floor. Blanchard placed a number of these stunning and historic gold ingots. One memorable ingot that Blanchard placed reveals the words: .892 fine $453.23. In 1857, gold was priced at $20.67 ounce.

S.S. Gairsoppa: $210 million

In early 1941, WWII German submarines were hunting Allied ships and that is how the legendary S.S. Gairsoppa, a British merchant freighter met her destiny. The S. S. Gairsoppa was steaming from Calcutta, India to London, loaded with valuable cargo including 7 million ounces of silver bullion, tea and pig iron.

In mid-February, a North Atlantic tempest whipped the seas into a violent frenzy and in attempt to survive, the Gairsoppa set a new course for Galway, Island, away from the deadly storm. Moving slowly due to her valuable and heavy cargo – the ship was a sitting duck for the aggressive German subs on the prowl. A German submarine U-101 sunk the ship with one torpedo. It was February 17, 1941 when Gairsoppa sank in the North Atlantic, falling to the bottom of the ocean, nearly three miles below the water’s surface. Only the freighter’s second officer survived, all other souls onboard perished that day.

For 70 years, the Gairsoppa shipwreck sat undiscovered and untouched by man. Then, in 2013, Odyssey Marine Exploration identified the location of the Gairsoppa shipwreck and started the painstaking process to recover the silver bullion from the shipwreck on the ocean floor. The July salvage operation of the Gairsoppa was the deepest and heaviest recovery of precious metal from a shipwreck site in history.

Titanic: $218 million

You may have seen the 1997 film Titanic which chronicled the epic story of the sinking of the RMS Titanic. Tragedy struck in April 1912 after Titanic hit an iceberg on her maiden voyage from England to New York City and sank. The human toll was high – more than 1,500 of the 2,224 passengers and crew aboard died.

Seventy three years later, a joint venture between Woods Hole Oceanographic Institution (WHOI) out of Woods Hole, Massachusetts, and French National Institute of Oceanography (IFREMER), Toulon, France set out to find Titanic. The objective was to test to the functionality of newly developed underwater imaging systems – which succeeded when they found the wreckage in September 1985.

While the Titanic was a passenger liner, the salvaged treasures included a substantial amount of cargo ranging from the mundane like mail and furniture to bullion, coins, and jewelry to a 1912 Renault Type CE Coupe de Ville motor car and even a jeweled copy of the Rubaiyat of Omar Khayyam.

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The 1792 Half Disme: A Tiny Classic Coin Shrouded in Mystery

In the early years of our young nation, America faced a new challenge—a shortage of small change. After years of relying on foreign gold and silver coins, America needed its own system of coinage, especially in small denominations.

One of the first tasks of the first Treasury Secretary Alexander Hamilton was to create a system for America’s coins. From Hamilton’s work, the Half Disme, or half a dime was the first American coin ever struck under the authority of the April 1792 Mint Act.

Yet just as fast as the first 1,500 1792 Half Dismes were minted, they disappeared from circulation. Even today, questions and intrigue surround this tiny coin with huge historical significance.

According to legend and lore, the many questions around the 1792 Half Disme included: Was the coin actually produced in the cellar of a mint contractor? Were the 1,500 Half Dismes created as pattern coins made for design approval, or were they business strikes meant to circulate among the public? Where did the bullion for the first strike come from—was it from President George Washington who as legend said donated his personal silverware?

For decades, scholars and numismatic collectors and coin dealers argued and chose sides on the questions swirling around the intriguing half disme. What was notable around the Half Disme’s launch was its lack of notoriety. There was no official government announcement, there is no evidence of a “first strike” ceremony and there was no newspaper coverage of this truly historic event for America.

It wasn’t until 1997 that verifiable proof emerged to answer some of those questions. The reason it took so long to find these answers is that they were buried in obscurity.

While serving as our nation’s first Secretary of State in 1792, Thomas Jefferson was also responsible for organizing the U.S. Mint. In fact, the Mint David Rittenhouse reported to Jefferson. So, it was in the personal papers of Thomas Jefferson that some of the answers swirling for over 200 years around the Half Disme were finally answered.

Jefferson tracked his personal income and expenditures in private memorandum books, and his 1792 memorandum book was not published until 1997 in The Papers of Thomas Jefferson. Here are the key findings that Jefferson noted in his memoranda book:

• July 10, 1792 entry: withdrew “100. D.” from the Bank of the United States, (likely Spanish silver dollars).
• July 11 1792 entry: “Delivd. 75. D. at the mint to be coined.”
• July 13, 1792 entry: “Recd. from the mint 1500. half dismes of the new coinage.”

According to the 1792 Mint Act, any U.S. citizen could bring bullion to the Mint and have it struck— weight-for-weight—into new silver or gold coinage of the United States. Jefferson’s memorandum book reveals that he did just that in July 1792—and that the half dismes were not minted from Washington’s personal silverware.

Jefferson’s careful documentation also provides answers to the pattern or business strike question that engulfed numismatics for decades.

After Jefferson received the 1,500 half dismes on July 13, 1792, he traveled with his daughter Maria from Philadelphia to his Virginia Monticello estate. On the way, that evening Jefferson and his daughter spent the night in Chester, Pennsylvania. He noted in his memorandum book for that date a tip to servants in the amount of 30 cents, signifying the use of six half dismes—for the first time in circulation.

The obverse of this illustrious coin reveals Liberty facing left, with the date shown below the bust. The words “INDUSTRY LIB PAR OF SCIENCE” fill the legend. The reverse features an Eagle facing left, with “HALF DISME” below and the words “UNITED STATES OF AMERICA.”

While the mintage for the 1792 Half Disme was 1,500, there are only 275 are estimated survivors. In 2018, a 1792 Half Disme, graded MS68 sold for $1,985,000. The First U.S. Mint Director David Rittenhouse owned that coin.

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The Native American Woman Behind Lewis & Clark’s Legendary Expedition Westward

“We were now about to penetrate a country at least two thousand miles in width, on which the foot of civilized man had never trod. The good or evil it had in store for us was for experiment yet to determine…I could but esteem this moment of my departure as among the most happy of my life.” –Meriwether Lewis, from The Journals of Lewis and Clark.

The historic 1803 Louisiana Purchase from France became one of President Thomas Jefferson’s most notable and lasting achievements. The Louisiana Purchase expanded the United States by about 828,000 square miles of territory – doubling the size of our young nation.

After the purchase, the door opened for quick expansion westward for adventuresome Americans. President Jefferson quickly commissioned the legendary Lewis and Clark expedition to explore the lands acquired in the Louisiana Purchase. Jefferson tasked the intrepid explorers to survey the terrain, create maps, learn about the Native Americans who lived on that land, and collect scientific specimens of plants and animals.

Jefferson’s secretary, Meriwether Lewis, led this remarkable adventure through the wilds westward. Lewis, 29, asked his friend and former military superior, 33-year-old William Clark, to be his co-captain on the expedition westward from the Mississippi River to the Pacific Coast.

Sacagawea’s Valuable Language Skills

The team was fortunate to have Sacagawea, a Native American Shoshone woman, as their interpreter and guide on their journey from 1804-1806. Sacagawea contributed greatly to the expedition’s success.

Sacagawea’s language skills as a translator were invaluable as they encountered Native Americans who might otherwise have gone into attack mode against the strangers in their land. It is said that Sacagawea and her infant served as a “white flag” of peace for the expedition westward, as war parties did not include women and infants. Not a single member of the Lewis & Clark party was lost to hostile action.

Sacagawea was bilingual in two very different Native American tribal languages – Hidatsa and Shoshone. Her husband spoke French, English, and Hidatsa. This translation chain was viewed as extremely valuable. Lewis and Clark needed all the help they could get communicating with the Shoshone tribes at the headwaters of the Missouri River.

Astoundingly, Sacagawea accompanied the legendary group on this difficult and long journey all while caring for the son she bore just two months before departing.

The Golden Coin that Honored the Legendary Native American Woman

In 2000, The United States Mint bestowed a great honor on Sacagawea’s memory and her significant contributions to the early explorations of our great nation with the production of the Sacagawea Golden U.S. Dollar coin. The coin was minted under the auspices of the United States $1 Coin Act of 1997.

Sculptor Glenna Goodacre’s design won a national design contest for her representation of Sacagawea with her infant son, with the reverse side of the coin featuring an eagle representing peace and freedom.

By and large, the majority of gold Sacagawea coins are not rare and circulated coins do not carry numismatic value. They are also not true gold coins, despite the golden color. The coins were composed of primary copper (77%), with small portions of zinc, manganese, and nickel.

The coins still circulate today, but proved to be ultimately proved to be unpopular with the public and are not widely used.

Golden Proof Coins in Space

Interestingly, 39 Proof 2000-W Sacagawea Dollar coins were struck in 22 Karat gold at the West Point Mint in June 1999. While 27 were ultimately melted, the remaining dozen examples took a journey into space on board the space shuttle Columbia. The coins returned to earth five days later on July 22, 1999. The dozen gold Sacagawea proofs were then sent to the Gold Bullion Depository in Fort Knox, Kentucky.

Some Circulating Sacagawea’s Are Valuable

There are a few key dates that are rare and have value beyond the $1 mark on the coin. The U.S. Mint embarked upon partnerships with both Wal-Mart and General Mills to promote the use of the Sacagawea coin in commercial transactions. The partnership with General Mills included 10,000,000 boxes of Cheerios cereal that would contain a Lincoln cent as a prize or a new Sacagawea dollar. Some lucky Cheerios breakfasters would receive a certificate redeemable for 100 Sacagawea dollars.

Some of the gold Sacagawea coins that were found in the Cheerios boxes were struck from a different set of dies. Within numismatic circles, these coins which showed “high detail” and enhanced eagle feathers on the reverse side of the coin became known as the “Cheerio Dollars” or “enhanced reverse die.” These are valuable and depending on the grade have sold for $5,000 to $25,000.

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The 5 A Lot Of Famous United State Coin Designers

• Augustus Saint-Gaudens
• Robert Scot
• Christian Gobrecht
• Charles E. Barber
• George T. Morgan

People collect rare coins for many reasons, including their historical significance and beautiful designs. Behind each rare coin stands a talented designer who left his lasting mark on the world, with hard currency that continues to increase in value today. In many instances, the coin designers worked at the United States Mint, while others were esteemed artists of their time. Let’s explore the fascinating history of the five most famous coin designers in the United States.

Augustus Saint-Gaudens

Born in Ireland in 1848, the son of a shoemaker, Augustus Saint-Gaudens grew up in New York City. After showing an early interest in art, by the late 1890s, Saint-Gaudens became one of the best-known and influential sculptors of his day.

In 1905, after viewing an exhibit of Greek coins at the Smithsonian, President Theodore Roosevelt was inspired to revamp the U.S. Gold Eagle ($10) piece and the Double Eagle ($20) gold coin. Roosevelt commissioned Saint-Gaudens to redesign and elevate these important early American U.S. gold coins into beautiful works of art. Experts widely agree that he succeeded. Saint-Gaudens played an outsized role in the development and beautification of early American coinage

The Saint-Gaudens “Double Eagle,” is considered today by many to be the most magnificent and sought-after U.S. coin of the 20th century. The Double Eagle is highly prized by collectors and has both intrinsic “rarity” value and vast appeal due to its alluring beauty.

Robert Scot

Robert Scot was the first Chief Engraver of the U.S. Mint. Scot was born in Scotland in 1745. After immigrating to America, he began his career engraving plates for Virginia currency banknotes. In 1781, Scot moved to Philadelphia with his family. He set up an engraving shop on the corner of Vine and Front Street.

In 1793, our young nation began to lay its groundwork—construction started on the Capitol building, and the office of Chief Engraver of the United States Mint was also created that year.

After the intended first Chief Engraver, Joseph Wright lost his life to Yellow Fever, George Washington appointed Robert Scot to replace him.

Scot’s early designs include the Flowing Hair silver dollar and the Liberty Cap half-cent. In 1795 Scot created the designs for the first gold coin of the U.S. Mint, with one design featuring a drapery for Lady Liberty. This design was then continued later on with the Draped Bust silver half dollar. In 1796, Robert Scot introduced the Heraldic Eagle reverse, which notably was a modification of The Great Seal of the United States. Today, the Heraldic Eagle still appears on many coins, ensuring Scot’s legacy lives on.

Christian Gobrecht

Christian Gobrecht was born in 1785 in Hanover, PA. As a young man, he apprenticed with a watchmaker and learned engraving. By 1811, Gobrecht was living in Philadelphia engraving bank notes and dies. Initially, his role was as an engraver at the U.S. Mint and eventually, he became the third Chief Engraver. He held the latter position from 1840 until 1844.

Gobrecht had a profound impact on early coinage in the United States. In 1836, Gobrecht designed his most famous work, the 1836 Flying Eagle Dollar. Today, collectors call this the Gobrecht dollar, and it is considered the basis for most of the Liberty Seated coinage that was created over the next 55 years. From half-cent copper coins to $10 gold pieces, Gobrecht’s designs were featured on nearly every denomination of coinage.

Charles E. Barber

Charles E. Barber, born in 1840, served as the sixth Chief Engraver of the United States, from 1879 until his passing in 1917. Barber had a long and prolific career as a coin designer. His best-known coin designs are the Liberty Head coins — Barber dime, Barber quarter, and Barber half dollar, as well as the “V” Liberty Head nickel.

Barber also designed the infamous $4 Stella “Flowing Hair” piece. In 1879, Congress authorized the U.S. Mint to produce a small test run of $4 gold coins so that Congressmen could review them and consider a proposal for a coin that could be used in international trade. Barber created a design that featured a portrait of Liberty facing left with long, flowing hair on the obverse, known today as the Flowing Hair type.

While the quest for an international coin failed and none of these pattern coins ever became a regular issue, collectors then and for generations have coveted these illustrious coins. After the limited run was produced, rumors surrounded the Stellas. While it was said that no coin collector could obtain a Stella from the U.S. Mint, the Congressman who had received the special order apparently used them as gifts and perhaps even payment. It was said that these great works of numismatic art were seen in special necklaces adorning the bosoms of Washington’s top madams, whose brothels were said to be patronized by those same congressmen.

George T. Morgan

George T. Morgan, born in England in 1845 ultimately became the seventh Chief Engraver of the United States Mint in 1917. Morgan is most famous for one of the most iconic designs in the history of U.S. coinage: the widely loved Morgan silver dollar.

The venerable Morgan silver dollar is one of the most popular coins in the numismatic community today. Nearly one billion Morgan silver dollar coins were minted from 1878 through 1921. The silver dollar was created to coin the metal mined from the enormous silver lodes that had been discovered in Nevada. While the first Morgan silver dollars were minted at the Carson City Mint from 1878 to 1893, others were produced in Denver in 1924 and in New Orleans from 1879-1904. Both Philadelphia and San Francisco minted the coins throughout their history.

There is rich and dramatic history for Morgan silver dollar collectors. Over 270 million Morgan silver dollars met their fate in the melting pot under the provisions of the Pittman Act of 1918. The U.S. government ordered this dramatic move to save Great Britain from a banking collapse and may have also helped the Allies win the war.

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Using Gold In a Strategy to Outperform the Market

Can gold be more than a safe haven and actually beat the S&P 500 over the long term? One researcher believes the answer is yes.

In a paper from the Lead-Lag Report, researcher Michael Gayed, CFA tested a theory. He wanted to know if the performance of gold relative to lumber could give an investor insight into the future of the market.

His idea was simple: When lumber futures outperform gold, investors can take a more aggressive stance and move into small-cap equities, higher beta stocks, and cyclical sectors. In contrast, when gold outperforms lumber, investors should be less aggressive and move into Treasury bonds, use a buy-write strategy, or move into lower beta/volatility equities.

The basis of this strategy rests on two beliefs. The first is that rising lumber prices indicate that the economy is growing. The author suggests that lumber is especially sensitive to economic cycles given that the average new home in the US requires 16,000 board feet of lumber. This idea aligns with research from the National Bureau of Economic Research and their conclusion that “of the components of GDP, residential investment offers by far the best early warning sign of an oncoming recession.”

The second belief is that gold is a reliable and consistent store of value and that it is largely disconnected from so many other investment instruments. Data from the World Gold Council supports this assertion. Their research, covering more than 25 years of data, shows that “there is no statistically significant correlation between returns on gold and changes in macroeconomic variables, such as GDP, inflation, and interest rates.” Pivoting to gold when the economy suffers makes sense because “returns on gold are less correlated with equity and bond indices than the return on other commodities,” the World Gold Council explains.

So does this theory yield results?

According to the data in the paper, it does. The research shows that investors outperform the S&P 500 by a wide margin by moving into lower beta/volatility equities when gold outperforms lumber.

In fact, between November 1986 and November 2020, the S&P 500 yielded a return of 3,028% while a strategy of rotating into lower beta/volatility equities when gold outperforms lumber returned 4,076%.

While this strategy might not be practical for long-term buy-and-hold investors it does offer an important message. That message is that even over a period of decades, gold is remarkably consistent at signaling where the economy is headed. This reliability illustrates just how useful gold is for investors who want the assurance that at least some of their wealth is held in an asset that has prevailed across many downturns of different types.

Want to read more? Subscribe to the Blanchard Newsletter and get our tales from the vault, our favorite stories from around the world, and the latest tangible assets news delivered to your inbox weekly.

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TOP 4 GOLD INVESTMENT COMPANIES IRA

Self-Directed gold IRAs are fantastic because they let you put money into precious metals, without having to deal with any middlemen. They are so easy that even your grandmother could set it up!

When you purchase physical gold, silver, platinum, palladium, and bar, rounds and bullion, you will receive immediate liquidity. But if you'd like to diversify your portfolio through non-physical assets, then you ought to think about investing in self-directed IRA.

I've created a comprehensive listing of the advantages to self-directing your IRA. This includes everything from tax advantages to the ease to open an account. Take a look below and find out why you should think about opening self-directed IRA today!

In conclusion, I'm certain you have questions about self-directed IRAs. In the end, they're relatively newand a lot of people aren't even aware of their existence. But if you're ready to get control of your retirement savings, then now is the ideal time to explore the possibilities. Self-directed IRAs permit you to spend your money as you'd likewithout permission from any other person. Since you can decide the place where your money is invested it can save you hundreds of dollars a year.

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By: Five R Vlogs
Title: TOP 4 GOLD INVESTMENT COMPANIES IRA
Sourced From: www.youtube.com/watch?v=A-7gxqdKay0

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Robinhood’s New Retirement Accounts (IRAs) – Exposing the Truth

Self-Directed gold IRAs are great because they let you invest in precious metals, without having to deal with any middlemen. Actually, these accounts are so simple , even your grandmother could manage it!

When you purchase physical silver, gold palladium, platinum, rhodium coins, bars, rounds and bullion, you will receive instant liquidity. But if you want to diversify your portfolio with physical assets, you ought to think about investing in an IRA that is self-directed. IRA.

I've compiled a complete overview of the many benefits that you can get from self-directing an IRA. This list covers everything from tax advantages to how simple it is to establish an account. Read it below to discover the reasons to consider opening an auto-directed IRA right now!

In conclusion, I'm sure there are many questions you're asking about self-directed IRAs. Since they're new, and most people aren't even aware of their existence. If you're looking to control your retirement savings, now is the moment to start exploring the options. Self-directed IRAs allow you to invest your money however you'd likewithout approval from anyone else. Furthermore, since you determine which investments you want to make you'll save thousands of dollars every year.

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By: Our Rich Journey
Title: Robinhood”s New Retirement Accounts (IRAs) – Exposing the Truth
Sourced From: www.youtube.com/watch?v=8dBVdYyLhhQ

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Revealing my ENTIRE IRA, Roth IRA Portfolio + How to pick investments for YOUR IRA

Self-Directed gold IRAs are fantastic because they allow you to invest in precious metals and not have to deal with any middlemen. They are so simple that your grandmother could set it up!

If you purchase physical silver, gold, platinum, palladium, and rhodium coins, bars, rounds, and bullion, you will receive instant liquidity. But if you'd like to diversify your portfolio through non-physical assets, then you should consider investing in a self-directed IRA.

I've created a comprehensive listing of the advantages of self-directing your IRA. It covers everything from tax advantages to the simple process to establish an account. Take a look below and see why you should consider opening a self-directed IRA immediately!

In conclusion, I'm certain you have questions about self-directed IRAs. They're not that recent, and many investors aren't aware of their existence. However, if you're eager to control your retirement savings, then now is the perfect moment to look into the options. Self-directed IRAs allow you to spend your money as you'd like, with no consent from others. And because you choose which investments you want to make they can help you save thousands of dollars per year.

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By: Eric Finance
Title: Revealing my ENTIRE IRA, Roth IRA Portfolio + How to pick investments for YOUR IRA
Sourced From: www.youtube.com/watch?v=TlTuR-Hhj2M

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A Research of How Commodities Do Throughout Rising Cost Of Living

The Federal Reserve’s ten rate hikes since March of 2022 have helped ease inflation in the US, but we’re not there yet. At a CPI of 4% year-over-year and core inflation that’s even higher, we’re still not at the 2% target.

This might not seem like a problem. After all, if ten rate hikes got us this far down from our peak of 9.1% in June of 2022, then a few more hikes should get us the rest of the way. In truth, the rest of the battle will likely prove difficult. Why? Because companies are still charging more for goods. Consider that groceries increased 8.2% year-over-year last month.

As one global strategist at Société Générale remarked, “Companies are not just maintaining margins, not just passing on cost increases, they have used it as a cover to expand margins.” The research supports this statement. Reporting from the New York Times shows that the average company in the S&P 500 has increased its net profit margin since the end of 2022. Between the pandemic and the war in Ukraine, these companies have many external factors to point to when justifying these increases. For weary consumers, these increases look more like opportunistic moves that will bolster the bottom line.

For investors, the problem is just as vexing. Inflation, while improving, is unlikely to return to the 2% level because rising prices have done little to dissuade consumers from buying. The question is: where can investors allocate more of their portfolio to protect themselves against inflation that might last longer than they can remain solvent?

Fortunately, a few researchers have attempted to answer this question. A paper, The Best Strategies for Inflationary Times, drafted by active investment company the Man Group and a Duke University academic, takes an empirical approach to this timely inquiry.

The group analyzed passive and active strategies among various asset classes during the last 95 years. Their work focused on the US, UK, and Japanese markets. The researchers identified eight periods of rising inflation – defined as a 5% acceleration year-over-year – in the US. During these eight periods, the group examined the performance of equities, commodities, real estate, and fixed income.

They discovered that during inflation commodities have “a perfect track record of generating positive real returns” and generated an average annualized +14% real return.

Gold was part of the commodity group that they analyzed. Specifically, the metal generated an annualized real rate of return of 13% during inflationary periods in the US. This performance even outpaced other commodities like agricultural goods including wheat, corn, soybeans, sugar, cocoa, cotton, coffee, and livestock. Gold also outperformed equities, TIPS, real estate, 2-year Treasuries, 10-year Treasuries, 30-year Treasuries, high-yield fixed income, and consumer durables.

What makes this finding so valuable for investors is that it covers such a range of periods and such a diverse group of assets. Moreover, the research shows that, unlike many other assets, gold still largely held its value even when inflation was not present.

Now is the time for investors to benefit from research like this as the fight to get back to 2% drags on and threatens to be long.

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Your Mid-Year Portfolio Check-Up in Six Easy Steps

The year’s half-way over. Now is the perfect time to review your financial situation and your portfolio and make adjustments as needed – to ensure you are on track to meet your financial goals. Ready to get started?

Step 1: Evaluate your risk exposure.

Markets are changing, economic conditions are evolving and your financial goals may have even shifted from the last time you reviewed your portfolio. Take some time to consider how much “risk” you have in your portfolio.

The S&P 500 dropped nearly 20% in 2022. What would another big drop in the stock market mean to you? Would it hurt a near-term financial goal, perhaps a down payment for a home or even your retirement, if you plan to retire in the next several years? Be honest about your risk tolerance level. How you would feel if the equity portion of your portfolio dropped 20% from current levels.

If you have specific goals for your money in the next three to five years, experts often advise you not to invest those assets in the stock market. The reason? During down markets, history shows it can take up to five years for the broader equity market to move back to the breakeven point.

Step 2: Review your asset allocation mix.

Diversification is one of the key elements to successful investing. That simply means gaining exposure to different asset classes like stocks, bonds, tangible assets like physical gold and silver, and even cash. Do the math and calculate how much you currently have allocated to each asset class.

Risk-averse investors generally try to build portfolios in a way that reduces volatility without giving up overall returns. Research shows that both gold and coins have low betas, which means they are both effective assets for improving a portfolio’s performance without sacrificing return.

Blanchard believes that gold and silver bullion in physical form is an appropriate asset for a portion of any properly diversified investment portfolio and recommends investing up to 10% of your overall portfolio in gold, depending on your financial goals and risk tolerance levels.

Step 3: Calculate your liquid assets.

Having access to cash in a hurry when you need it is an essential part of any financial plan. Whether this is a cash reserve fund held in a high-yield savings account, or even held in physical metals (which can be sold instantly if you need dollars), having access to ready cash is important.

Experts typically recommend holding six months of living expenses in a cash reserve account. Or, if you are in retirement, holding up to three years of living expenses in a liquid account is key to ensuring you don’t have to pull out of investments potentially at a loss when you need money.

Physical gold can be considered for a portion of your liquid assets funds. Gold is considered a highly liquid asset because it’s easy to buy and sell. The market for gold is huge, global, and liquid. Gold prices are published 24/7 and gold can be readily sold anytime.

Step 4: Implement changes to your portfolio.

After you’ve reviewed, calculated, and considered the above, take steps to adjust your portfolio. This could include strategies like selling out of a portion of your equity exposure and buying physical metals, opening a self-directed IRA account to add physical gold and other precious metals to your retirement savings, or shifting a portion of your cash reserves into physical metals.

Want a second opinion? Get help from a professional.

If you’d like to discuss your financial goals with a Blanchard portfolio manager, give us a call today. We will take the time to learn your investment objectives, investment time horizon, and risk appetite before making any personalized recommendations for your consideration. We can also answer questions on topics including IRAs, inheritance, storage, and diversification. We’re here to help.

Want to read more? Subscribe to the Blanchard Newsletter and get our tales from the vault, our favorite stories from around the world, and the latest tangible assets news delivered to your inbox weekly.

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Best 3 Stocks to Invest in Your Roth IRA #shorts

Self-DirectedGold IRAs are fantastic as they let you put money into precious metals without needing to work with middlemen. These accounts are so easy that even your grandmother could set it up!

When you purchase physical silver, gold palladium, platinum and Rhodium bars, coins, rounds, and bullion, you get immediate liquidity. But if you want to diversify your portfolio using non-physical assets, then you might want to consider investing in an IRA that is self-directed. IRA.

I've put together a comprehensive list of all the benefits in self-directing the IRA. It includes everything from tax benefits to the ease to establish an account. Look it up below and discover the reasons to consider opening an auto-directed IRA now!

In the end, I'm sure there are many questions you're asking about self-directed IRAs. In the end, they're relatively new, and most investors aren't even aware of their existence. But if you're ready to get control of your retirement savings, then now is the perfect time to explore the possibilities. Self-directed IRAs let you invest your money however you'd like, with no the approval of anyone. Because you decide the investment you'd like to make you'll save thousands of dollars per year.

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By: Tyler Payne
Title: Best 3 Stocks to Invest in Your Roth IRA #shorts
Sourced From: www.youtube.com/watch?v=cLdO_HSHGcw

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Precious Metals in IRA – Exclusive Web Conference for Gold IRA Investing

Self-Directed gold IRAs are great as they allow you to make investments in gold and other precious metals without having to work with middlemen. Actually, these accounts are so simple that even your grandmother could set it up!

When you purchase physical silver, gold, platinum, palladium, and bar, rounds and bullion, you get immediate liquidity. But if you want to diversify your portfolio through other assets that aren't physical, then you might want to consider investing in an IRA that is self-directed. IRA.

I've put together a comprehensive list of all the advantages to self-directing your IRA. This list covers everything from tax advantages to how easy it is to open an account. Read it below to learn why you should consider opening an auto-directed IRA today!

In conclusion, I'm sure that you're pondering self-directed IRAs. In the end, they're relatively newand a lot of investors aren't aware of their existence. But if you're keen to manage your retirement savings, then now is the ideal moment to look into the possibilities. Self-directed IRAs let you put your money where you want, without requiring consent from others. Furthermore, since you determine the place where your money is invested you'll save thousands of dollars per year.

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By: 401k to Gold IRA Rollover
Title: Precious Metals in IRA – Exclusive Web Conference for Gold IRA Investing
Sourced From: www.youtube.com/watch?v=McfoOAHjw-w

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BGASC Reviews: A Capitalist's Guide

Buy Gold and Silver Coins claims to be the largest, most reliable, and fastest precious metal coin dealer in the United States. They have thousands of positive reviews from customers. We will explore the reviews and information about the company to help you decide if its gold products or IRA options suit you.

Brief History of BGASC

Buy Gold and Silver Coins began in Calabasas in 2012. From the beginning, the company's goal was to build a gold and a silver online dealer people would want to deal with. What does this mean?

BGASC strives to provide convenience and exceptional customer service in every transaction. The company's priority has been to keep its products in stock at an affordable price and ready for shipping. BGASC, with its convenience, has become one of the biggest precious metal coin dealers within the United States.

Is BGASC Legit?

BGASC, yes, is a legit company. It is accredited by the Better Business Bureau with an A+ rating, is a member in Certified Coin Exchange, is an official PCGS dealer, is a U.S. Mint listed dealer, is a NGC Collectors Society Member, and is a bulk purchaser of U.S. Mint coins that are not bullion. BGASC offers full insurance for all product shipments in order to keep everything safe while it is being transported. BGASC's credentials and customer reviews are proof that it delivers products as advertised.

What products do they offer?

BGASC is a company that specializes in precious metals. BGASC reviews are incomplete without a look at its catalogue. You'll also find a variety of fun products on the website.

Gold Products Approved by the IRA

BGASC offers gold bars and coins in sizes of one ounce, one half ounce, one quarter ounce and one tenth ounce. You can choose from numismatic or commemorative coins, depending on your preference. IRAs are eligible for the following popular choices:

• Gold American Eagles
• Gold bars
• Canadian Gold Maple Leaf coins
• Gold American Buffalos
• Krugerrands in South Africa
• Australian Gold Kangaroos
• Austrian Gold Philharmonics
• Mexican Gold Coins

Silver Products Approved by the IRA

Silver coins are a great way for new investors to enter the precious metals markets or diversify their portfolios. BGASC has a wide range of silver products including IRA-eligible bars, solid skulls and hand-poured coins. IRA-eligible silver products include the following:

• American Silver Eagles
• Canadian Silver Maple Leaf coins
• Australian Silver Kangaroos
• South African Silver Krugerrands
• Austrian Silver Vienna Philharmonics

Platinum Products Approved by the IRA

Palladium and platinum offer unique investment opportunities to investors who want to invest in a precious metal that is critical for sustainability. Like gold, both metals are available at higher prices and can be used with IRAs. BGASC offers a couple of popular IRA approved products, including the Australian Platinum Kangaroo coin and Canadian Palladium Maple Leaf.

Copper Products

Copper products are popular for commemorative or collector items. BGASC has a wide range of copper investment items, such as rounds, bars and bullets. Some of the most popular rounds can be purchased for as low as $2 per coin depending on how much you purchase.

Other Products

BGASC also offers unique products, ranging from rare coins to basic coins that you can invest in.

• Palladium Products: As previously mentioned, palladium coin works in IRAs. It also has a price that is similar to gold. Palladium products are popular, including the American Palladium Eagle Reverse and palladium bars.
• BGASC sells legal tender notes like the $2 Year of the Golden Rabbit Hologram Rabbit 2023 Legal Tender Note.

Does BGASC Offer Precious Metals IRAs?

BGASC technically does not offer its own precious-metals IRA custodian service. IRA custodians help you to create an account, transfer funds, fund your account, buy precious metals and more. BGASC has partnered with a number of popular IRA custodians so that you can choose one to create your account.

There are two options for precious metals IRAs:

• GoldStar Trust Company
• Equity Trust
• STRATA Trust Company

BGASC has a preferred depository that will store your precious metals in your IRA. IRS regulations require you to keep your precious metals at an approved depository.

What are the fees associated with using BGASC IRAs

The fees charged by BGASC for the creation and management of a precious-metals IRA are dependent on which custodian is chosen. BGASC doesn't disclose fees because they vary depending on which company you select. You can expect to pay roughly the following IRA costs:

• One-time setup fees
• Transfer, rollover or wire fees
• Precious metals delivery fees
• Annual vaulting fees
• Annual Account Maintenance Fees
• Insurance costs

Before making a decision, we recommend that you compare the fees charged by BGASC and other preferred custodians. Calculate your total costs to determine the best option that is most cost-effective for you.

What type of IRA does BGASC prefer?

BGASC doesn't have a preference for a particular type of IRA because you will be creating your account with one of our partners. Your contributions may be affected by the partner's account preferences. Preferences can include the type IRA (traditional versus Roth) or precious metals, such as gold versus Silver.

Can you rollover funds from an existing retirement account to BGASC Precious MetalsIRAs?

Most IRA custodians accept a variety of payment methods to fund your IRA. This includes account rollovers. The custodian transfers funds from previous retirement accounts into your precious metals IRA, so that you can start purchasing gold, palladium, silver or platinum. Rollovers are available for all types of previous accounts, including IRAs.

BGASC will not perform the rollover because it does not have its own IRAs. The company will guide you through the funding options after you select a custodian. Remember that all transactions, such as rollovers and wire transfers, are usually subject to additional fees.

BGASC: Advantages and disadvantages

BGASC has its own advantages and disadvantages. You can make a more informed investment decision by weighing the pros and cons. We found that the top benefits of BGASC are:

• Spend more than $199 and get free shipping
• All packages are covered by full insurance
• Payment options
• BBB accreditation with A+ rating
• No order minimums
• A wide selection of coins, including precious metals and other oddities
• Customer Support Team that is Helpful
• Shipping is usually done the same day.
• When you are ready to sell, take advantage of competitive buyback rates
• Website with live spot prices
• Member of the Certified Coin Exchange. Official PCGS Dealer. U.S. Mint Lister Dealer

BGASC's outsourced IRA service is its biggest disadvantage. The company does not have its own IRA Custodian, so you can't find out about fees, pricing or management services. To create your account you must contact two vendors, BGASC and the custodian of your choice. This could be a headache.

How to Invest in BGASC

BGASC offers you the opportunity to invest in precious metals by purchasing non-IRA related items on its website and having them delivered directly to your home, or by creating an IRA by following their steps.

You may have difficulty creating an account if the company doesn't offer its own IRAs. BGASC recommends that you follow these steps:

1. Open a self directed IRA with one of our preferred custodians.
2. Your account can be funded with simple cash. Your custodian can guide you on the best way to do this. Your custodian will inform BGASC about your contribution total after funding.
3. BGASC offers IRA-approved metals. IRS regulations require that all IRA transactions be conducted over the telephone. BGASC will ship your items securely to your depository, with delivery insurance included.

We found BGASC to be legitimate based on our research and BGASC reviews, but it does have pros and cons. Learn About Gold wants to help you choose the best gold IRA. If BGASC doesn't suit you, take our Find a Gold IRA partner quiz or ask our Learn About Gold team any questions.

Frequently Asked Questions

How much of your portfolio should be in precious metals?

Protect yourself against inflation by investing in physical gold. This is because when you invest in precious metals, you buy into the future value of these assets, not just the current price. So as prices rise, so does the value of your investment.

Tax benefits will accrue if your investments are kept for at most five years. And if you sell them after this period, you will have to pay capital gains taxes. Our website has more information about how to purchase gold coins.

What is a Precious Metal IRA?

Precious metals are an excellent investment for retirement accounts. They have been around for centuries and are still very valuable today. You can diversify your portfolio by investing in precious metals, such as gold, platinum, and silver.

Many countries also permit citizens to store money in foreign currencies. You can buy Canada gold bars and keep them home. Then, you can buy gold bars in Canada and sell them for Canadian dollars when your family is home.

This is an easy way to invest precious metals. It is particularly useful for those who live outside North America.

Do you need to open a Precious Metal IRA

The answer depends on whether you have an investment goal and how much risk tolerance you are willing to take.

An account should be opened if you are planning to use the money in retirement.

Because precious metals are highly likely to appreciate over time, You also get diversification benefits.

Furthermore, the prices of gold and silver tend to move together. This makes them better choices when you want to invest in both assets.

Do not invest in precious metals IRAs if your goal is to save money or take on any risk.

What are some of the advantages and disadvantages to a gold IRA

A gold IRA is an excellent investment vehicle for those who want to diversify their holdings but don't have access to traditional banking services. It allows you invest in precious metals like platinum, silver, and gold without any taxes, until they're withdrawn.

The downside is that withdrawing money early will pay ordinary income tax on the earnings. However, creditors will not be able to seize these funds if you default on your loan.

A gold IRA might be the right choice for you if you enjoy owning gold and don't worry about taxes.

Which type of IRA is the best?

When selecting an IRA for yourself, the most important thing is to find one that meets your lifestyle and goals. Consider whether you are looking to maximize tax-deferred growth, minimize taxes and pay penalties later, avoid taxes, or both.

If you're saving for retirement and don't have much money invested, the Roth option could make sense. It's also worth considering if your plan is to work after the age of 59 1/2.

Traditional IRAs might be more beneficial if you are looking to retire early. You'll likely owe income taxes. The Roth IRA is a better option if you plan to continue working well beyond age 65. It allows you to withdraw any or all of your earnings and not pay taxes.

What precious metals may I allow in my IRA?

The most commonly used precious metal in IRA accounts is, of course, gold. As investments, you can also buy bars and bullion coins made of gold.

Precious metals are considered safe investments because they don't lose value over time. They can also be used to diversify investment portfolios.

Precious metals include silver, platinum, and palladium. These three metals have similar properties. Each metal has its own use.

For example, platinum is used in making jewelry. You can create catalysts with palladium. It is used for producing coins.

It is important to consider how much money you are willing to spend on your precious metals when making a decision about which precious material to choose. It may be more cost-effective to purchase gold at lower prices per ounce.

You should also think about whether you want to keep your investment private. If you are unsure, palladium is the right choice.

Palladium can be more valuable than gold. But it's also less common. It is likely you will need to pay more.

The storage fees of gold and silver are also important factors to consider when making a decision between them. The weight of gold is what you store. You will pay more if you store larger amounts.

Silver is stored by volume. Silver is priced by volume. You will pay less to store smaller amounts.

You should follow all IRS rules if you plan to store precious metals in an IRA. This includes keeping records of transactions and reporting them back to the IRS.

Statistics

• Depending on your financial situation, most experts recommend you invest no more than 5% to 10% of your retirement funds in precious metals. (forbes.com)
• The maximum yearly contribution to an individual's IRAs is currently $6,000 ($7,000 for those 50 years or older), or 100% of earned income, whichever is less. (monex.com)
• You can only purchase gold bars of at least 99.5% purity. (forbes.com)
• Same tax rules as traditional IRA SEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less Before setting up a Silver IRA, understand the fees and IRS restrictions. (sltrib.com)

External Links

takemetothesite.com

• Get started today to protect and secure your retirement savings!
  

wsj.com

• How do you keep gold in your IRA? It's not exactly legal
  

kitco.com

• Live Gold Prices
  

en.wikipedia.org

• Wikipedia: Taxpayer Relief Bill of 1997
  

How To

How to open a Precious Metal IRA

Precious Metals are one of today's most desired investment vehicles. Precious metals have a higher return than traditional investments like bonds or stocks, which is why they are so sought-after. But, it is important to do your research and plan carefully before investing in precious metals. If you want to open your own precious metal IRA account, here's what you should know first.

There are two main types for precious metal accounts: paper gold and Silver certificates (GSCs), and physical precious Metals accounts. Each type comes with its own set of advantages and disadvantages. GSCs offer easy access and trade, while physical precious metals accounts provide diversification benefits. You can read more about them below.

Physical precious metals accounts include bullion, bars and coins. This option is great for diversification, but it has its drawbacks. For instance, the costs associated with buying, storing, and selling precious physical metals are quite expensive. Due to their size, it can be difficult for them to be transported from one place to another.

On the other hand, paper gold and silver certificates are relatively inexpensive. They are also easily available and can be traded online. They are ideal for those who don't wish to invest in precious metals. They aren't as diverse as physical counterparts. Also, since they're backed by government agencies such as the U.S. Mint, the value of these assets could decrease if inflation rates rise.

When opening a precious metallic IRA, make sure to choose the right account for you and your financial situation. Consider the following:

1. Your tolerance level
2. Your preferred asset-allocation strategy
3. What time do you have available to invest?
4. Whether or not you plan on using the funds for short-term trading purposes
5. What kind of tax treatment you'd prefer
6. Which precious metal would you like to place your money in?
7. How liquid do you need your portfolio to be
8. Your retirement date
9. You'll need somewhere to keep your precious metals
10. Your income level
11. Your current savings rate
12. Your future goals
13. Your net worth
14. Special circumstances that may influence your decision
15. Your overall financial situation
16. Your preference between physical or paper assets
17. Your willingness to accept risks
18. Your ability to manage losses
19. Your budget constraints
20. Financial independence is what you want
21. Your investment experience
22. Your familiarity and knowledge of precious metals
23. Your knowledge of precious metals
24. Your confidence in the economy
25. Your personal preferences

Once you've determined which type of precious metal IRA best suits your needs, you can proceed to open an account with a reputable dealer. These companies can be found through word of mouth, referrals and online research.

After you have opened your precious metal IRA account, you will need to decide how much money to put in it. There are different minimum deposits for precious metal IRA accounts. Some accounts require $100 while others allow you to invest up $50,000.

You can invest as much or as little money in your precious metal IRA as you like. A larger initial deposit is better if you are looking to build wealth over a longer period of time. If you are planning to invest small amounts each month, a lower initial investment might be better.

As far as the actual precious metals used in your IRA go, you can purchase any number of different types of investments. These are the most popular:

• Bullion bars, coins, and rounds in gold
• Silver – Rounds, and coins
• Platinum – Coins
• Palladium – Bar and round forms
• Mercury – Round and bar forms

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By: Learn About Gold
Title: BGASC Reviews: An Investor’s Guide
Sourced From: learnaboutgold.com/review/bgasc-reviews-an-investors-guide/?utm_source=rss&utm_medium=rss&utm_campaign=bgasc-reviews-an-investors-guide
Published Date: Mon, 26 Jun 2023 21:27:37 +0000

The post BGASC Reviews: An Investor’s Guide appeared first on Gold and Altcoin IRA News and Reviews.

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