Posts On Financial Guidance

How to Find the Best Precious Metals IRA for You

Once you’ve decided a precious metals IRA is right for you, the next step is to decide which precious metals make the most sense in your account.  This educational guide will help you: Assess your goals and risk  Evaluate eligible precious metals options Find a custodian A little understanding can go a long way. We are happy to help you on your journey toward achieving your goals.    Assessing Your Investment Goals and Risk Tolerance  The first step toward successful investing is to understand your... Continue Reading

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What Is a Self-Directed Precious Metals IRA?

A self-directed precious metals IRA is an individual retirement account that allows for ownership of physical assets—including gold, silver, platinum, and palladium.  Commonly referred to as a Gold IRA or Silver IRA, the precious metals IRA is a favorite among investors seeking an alternative to paper-based investment vehicles.    Understanding Self-Directed Precious Metals IRAs  The self-directed precious metals IRA is a lot like the IRA you may already own.  A self-directed plan differs from a typical plan in that it allows for ownership of physical... Continue Reading

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Gold IRA Tax Rules: Everything You Need to Know

Gold IRA tax rules and regulations are the same that govern the IRA you may already own or are familiar with.   Understanding Gold IRA tax rules for 2023 and beyond is essential. You must conduct transactions that fit within the parameters to avoid costly penalties and expensive tax consequences.   We will educate you on the different types of IRAs, how to contribute to your IRA, how to withdraw from your IRA, and how withdrawals are taxed.  Are Gold IRAs Taxable?  Gold IRAs are taxable. The... Continue Reading

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How to Invest in Precious Metals

The world seems topsy-turvy these days. We understand the world can feel filled with bad news lately and peace of mind can feel elusive to many people. That’s why more and more investors are going back to basics and turning to precious metals as the foundation and anchor of their portfolios.  Having been used as currency and recognized as valuable for thousands of years, some modern investors are clearly seeing what others before them saw—that precious metals can be a great way to store value... Continue Reading

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Gold to Silver Ratio: A Guide

What is the Gold to Silver Ratio? The Gold to Silver Ratio measures how many ounces of silver are required to equal the value of one ounce of gold.  Hypothetically, let’s say that today, gold is trading for $2,000 per ounce, and silver is trading at $25 per ounce.  To determine the gold to silver ratio based on today’s spot prices, we would divide $2,000 by $25, which gives us $80. Thus, today’s gold to silver ratio would be 80 to 1 (80:1). In our... Continue Reading

More Trouble Ahead

The gold/copper ratio reached its highest level in three years in the third quarter, in what could potentially be a signal for price movement in the year or even years ahead. The World Bank recently, according to Kitco, said that the price of gold is likely to push back towards the $1600 region. There are numerous potential reasons for gold to push higher as copper and base metals push lower or remain stagnant. In fact, a price of $1600 per ounce represents a less-than six... Continue Reading

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