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Many Financial Advisors Remain Tightlipped Over Precious Metal IRA Accounts

The Taxpayer Relief Act of 1997 opened a door to a treasure trove of wealth when it introduced the loophole allowing investors to include physical Precious Metals in their self-directed IRA accounts. 

IRS regulations state that as long as Gold, silver, platinum, and palladium coins and bars meet fineness specifications and are kept in an approved depository until disbursement, they can be placed into a self-directed IRA. Strangely though, most financial advisors have remained tightlipped about this moneymaking opportunity for years.

Investors know that self-directed IRAs are far superior to traditional retirement accounts, offering greater control over investments and the ability to own different asset classes all in one place. Now, thanks to the precious metals loophole, investors have access to a globally accepted asset with proven benefits as a hedge against inflation, insurance against market crushes, and long-term wealth preservation. 

Moreover, by investing in gold coins within an IRA account, there is potential for collecting coin premiums that can be significantly above the metal's spot price. With gold prices on the rise since the start of the year and set to continue their uptrend, now is the time for action - don't wait to buy gold, buy gold and wait!

But wait, as some viewers of the Edu Matrix channel have noted in the comment section.  It is better to purchase silver than gold.

One out of ten people recommends silver vs. gold because, in 1933, the US government made it illegal to own gold.   However, the government never said a word about silver. 

Could this happen again?

Yes, it could.  If the country were to get into trouble financially, they could make it illegal to own gold and purchase said gold from citizens at a reduced rate to prop up the US economy.  Thus owning silver may be the best solution. 

At any rate, you can purchase small amounts of gold or silver each month and take possession of your precious metals when you reach certain milestones.   This is the best and safest way for middle-income taxpayers to purchase gold and/or silver. 

This post first appeared on Iraqi Dinar US Rates News, please read the originial post: here

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Many Financial Advisors Remain Tightlipped Over Precious Metal IRA Accounts


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