Self-Directed Gold IRAs are great because they allow you to place your money in the precious metals without needing to go through any middlemen. These accounts are so simple , even your grandma could do it!
When you buy physical silver, gold palladium, platinum and bar, rounds and bullion you'll have immediate liquidity. However, if you wish diversify your portfolio by investing in non-physical assets, then you might want to consider investing in a self-directed IRA.
I've compiled a complete list of all the advantages to self-directing your IRA. It covers everything from tax advantages to the ease to establish an account. Look it up below and discover the reasons to consider opening an self-directed IRA immediately!
In conclusion, I'm certain that you're pondering self-directed IRAs. In the end, they're relatively new, and most investors aren't aware of their existence. If you're looking to get control of your retirement savings, now is the ideal opportunity to investigate these options. Self-directed IRAs allow you to put your money where you'd likewithout approval from anyone else. And because you choose the investment you'd like to make you'll save thousands of dollars every year.
The Texas spirit is legendary. Those schooled in Southern history will recall that “Remember the Alamo!” was the heartfelt cry that lit a fire under Texans and drove them to finally defeat Mexico’s army and enable them to claim their independence as a republic in 1836.
In 1933, during President Franklin Delano Roosevelt’s administration, Congress passed legislation authorizing coinage of silver half dollars “in commemoration of the one hundredth anniversary in 1936 of the independence of Texas, and of the noble and heroic sacrifices of her pioneers, whose revered memory has been an inspiration to her sons and daughters during the past century.” The Texas Centennial half dollar commemorative coin was minted from 1934-1938 in honor of this historic event in the state’s history.
As the Centennial anniversary of Texas’ independence from Mexico approached, its citizens planned a monumental gala, culminating in the 1936 Texas Centennial Exposition at Dallas. A bill passed into law on June 15, 1933 authorized the coining of souvenir half dollars to be sold as part of the centennial observation. Proceeds from the sale of these coins supported the development of a memorial building.
Although Texas later surrendered its hard-fought independence to join the United States of America in 1845, the date: 1836 lives on even today in the hearts of Texans. As author John Steinbeck once quipped: “Texas is a state of mind. Texas is an obsession. Above all, Texas is a nation in every sense of the word.”
Pompeo Coppini, a Texan, designed this remarkable commemorative coin. The obverse features an Eagle perched elegantly on a branch in front of the Lone Star, the symbol of Texas. The top right reveals the words: IN GOD WE TRUST, and on the left: E PLURIBUS UNUM is seen. The words: UNITED STATES OF AMERICA encircle the top while the bottom states: HALF DOLLAR.
On the coin’s reverse a dramatic collage reveals the goddess Victory spreading her wings over the Alamo. The reverse highlights Sam Houston, a general who played a key role in the Texas revolution, to her left, and Stephen F. Austin, known as the Father of Texas, on her right. The Six Flags of Texas soar her head. Below her is seen: REMEMBER THE ALAMO. At top it reads THE TEXAS INDEPENDENCE CENTENNIAL.
Texas is a proud state like no other and this coin celebrates its unique heritage even today. As former President George W. Bush famously said: “Some folks look at me and see a certain swagger, which in Texas is called ‘walking.’”
Blanchard placed a 1937-D Texas Silver Half Commemorative coin recently with a collector. Take a look at this memorable coin here. Rare coin inventory is moving fast in today’s high demand marketplace. If you see a coin that piques your interest, act quickly before it’s gone.
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The post Davy Crockett: “You May All Go to Hell and I Will Go to Texas” appeared first on Blanchard and Company.
To invest in gold and silver is to invest outside of the system. When you buy gold bars or silver coins you are choosing to hold assets that can protect other assets in your portfolio from the poor actions taken by counterparties. For example: money printing by central banks, inflationary government policies, mismanagement of a company, even strikes from workers.
We would argue that the need to invest in gold bars or to store silver coins has become even greater in recent years as those who are responsible for areas like monetary policy, security or taxes are no longer incentivised to just act for the greater good. Rather, there appears to be an increasing number of policy makers who are also incentivised to personally benefit from their decisions, the same decisions that elsewhere are wreaking havoc for many others. With such behaviour the need to hold the safe havens that are gold and silver is even more crucial.
“Power tends to corrupt, and absolute power corrupts absolutely“
The 19th century British politician Lord Acton coined the phrase, but the idea was not new to him. The idea was aimed at monarchies that all power is given to, or as was generally the case, power taken by monarchies.
Continues below …
Don’t Miss Gregory Mannarino on GoldCore TV
In today’s advanced economies this phrase could now apply to central bankers. U.S. Federal Reserve Atlanta President Raphael Bostic is the latest of high-ranking Fed officials to say that his personal investing activities broke ethics rules. Let’s not forget that those rules exist to prevent the kings of central banking from unfairly serving themselves ahead of their duty to us.
“Atlanta Federal Reserve President Raphael Bostic said that over the last few years some of his personal investing activity inadvertently happened in periods where it was forbidden by U.S. central bank ethics rules at the time.
Bostic explained in a note that accompanied revised financial disclosure forms going back to the start of his tenure as Atlanta Fed president in 2017 that trades violating the ethics code were made by financial advisors and were not done under his direction.”
Bostic plays ignorance – his excuse for the violations
“Due to my reliance on a third-party manager, I was unaware of any specific trades or their timing, including a limited number that took place during Federal Open market Committee blackout periods or financial stress periods. Similarly, I was unaware of when my holdings of U.S. Treasury funds in 2021 exceeded the limits set forth by the FOMC’s trading and investing rules”
Reuters, 10/16
Of course, as the lip service to the public goes, The Fed spokesman has released a statement that Fed Chair Powell
“has asked the Office of Inspector General for the Federal Reserve Board (of Governors) to initiate an independent review of President Bostic’s financial disclosures.”
And of course, this is the same Office of Inspector General that after an “independent” review cleared both Chair Powell and Vice Chair Richard Clarida of any violations; even though in February 2020 …
“he traded between $1 million and $5 million out of a bond fund into stock funds one day before Chair Powell issued a statement indicating potential policy action due to the worsening of the Covid-19 pandemic.“
Bloomberg, 10/2/2021
Don’t forget that his whole scandal broke in September 2021 – right as the Fed was announcing its plans to start tapering assets. See our post from September 23, 2021 Central Banking Is A Joke, And You Are The Punchline.
Has the “independence” of central bankers imbued them with too much power? They are not elected officials – but appointed by politicians that, arguably, have many ethical and conflicts of interest of their own. Central banks now choose which corporations, banks, municipalities, and even what governments to save during a monetary crisis. These bankers are people who create a wide number of ‘special purpose vehicles’ and dole out funds to only those banks, corporations, municipalities, and governments they see fit to save. While other entities that don’t become deemed worthy for saving directly are forced to be swallowed up in liquidation deals brokered by none other than the central bank itself.
The Fed, being the central banker to central bankers, seems to have let the power it has been afforded by the American congress corrupt many of its top officials. And since the investigation into these allegations is internal – so the consequences of unethical, if not illegal, behavior, has not appeared as of yet; maybe it never will.
Yes, Richard Clarida resigned as Vice Chair of the Fed in January 2022, roughly two weeks before his term was up. But no fines were paid, no criminal charges laid, not even a proverbial mild reprimand was given. He simply resigned with return to abundant speaking fees and a tenured position at Columbia University.
We’ll see what the ‘independent’ investigation of the Office Inspector General finds about Mr. Bostic’s trading activities, but we are not convinced that the Atlanta Fed President or the Office Inspector General have the public’s interest in mind when acting on their financial market bets.
The power of the central bank has gone far beyond its intended reach. Today would be a great moment to remind readers that any single physical gold bar cannot front run the investment decisions of another gold bar. Physical metal investors understand that we are all equal, which is the best way to be fair. As always the central bankers reminded us this week that they often need to be ‘more’ equal than others.
If you really enjoyed this blog then take a moment to head to GoldCoreTV, our YouTube channel. We have a wealth of brilliant guests and commentary from the GoldCore team, all there to keep you up-to-date and in the know about what’s really going on in the economy and financial markets.
If you want to hear more from Gregory then see the link below. And whilst you’re there let us know what you thought about the topics Dave and Gregory discussed. What do you think of the current narrative we hear from policy makers and central banks? Do you think the Fed will continue to hike rates? And what about gold and silver, where do you expect to see prices go from here?
Buy gold coins and bars and store them in the safest vaults in Switzerland, London or Singapore with GoldCore.
Learn why Switzerland remains a safe-haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here
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The post When Ignorance Is a Central Banker’s Only Defence appeared first on GoldCore News.
Gregory Mannarino, aka The Robin Hood of Wall Street, joins Dave Russell on GoldCore TV. This is our first time welcoming Gregory onto the show and it was great to have him on. His YouTube channel has amassed a whopping 78 million views and we think that’s probably down to his no-holds-barred approach to talking about the economy and markets.
In this short conversation Dave and Gregory discuss why the mainstream financial media aren’t discussing how bad things really are, why the Fed isn’t really trying to control inflation, why silver is the most undervalued asset right now and Greg’s MMRI ratio…and much more!
If you want to hear more from Gregory then see the link below. And whilst you’re there let us know what you thought about the topics Dave and Gregory discussed. What do you think of the current narrative we hear from policy makers and central banks? Do you think the Fed will continue to hike rates? And what about gold and silver, where do you expect to see prices go from here?
Click on the Link to Watch Now
If you want to hear more from Gregory then see the link below. And whilst you’re there let us know what you thought about the topics Dave and Gregory discussed. What do you think of the current narrative we hear from policy makers and central banks? Do you think the Fed will continue to hike rates? And what about gold and silver, where do you expect to see prices go from here?
Buy gold coins and bars and store them in the safest vaults in Switzerland, London or Singapore with GoldCore.
Learn why Switzerland remains a safe-haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here
Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here
The post Gregory Mannarino Gold and Silver Price Action appeared first on GoldCore News.
Inflation continues to batter American consumers left and right. And, despite the Federal Reserve’s aggressive interest rate hikes this year, the inflation fire continues to run hot.
Recently, the government reported that consumer prices rose 8.2% in September, versus year ago levels, hitting another 40-year high.
For investors, this means more stock market volatility and also raises the stakes for the Fed going forward. Expect to see large rate hikes continue, which could lead to further economic slowing and recession in early 2023.
What Determines the Inflation Rate?
The government tracks a Consumer Price Index basket of 80,000 items. While the official CPI rate is up 8.2% year-over year, many of the items you buy everyday have jumped significantly more. Take a look at the data below – which includes just a selected few items.
Source: Wall Street Journal
Inflation data is going in the wrong direction. We continue to live in extraordinary times.
Inflation and Gold
If you are wondering what you can do, consider the history that gold has as a store of value. While your dollar’s purchasing power is declining as inflation rises, gold has been relied upon for a store of value for 5,000 years.
As the economy grinds slower under the weight of heavy-handed Fed rate hikes, weak economic growth and high inflation forecasts are dominating the macro landscape.
Jamie Dimon, chief executive officer of JPMorgan Chase, expects the U.S. economy to fall into a recession over the next six to nine months. What’s more? Dimon also warned that investors should not be surprised if the S&P 500 drops another 20%.
Is Your Portfolio Prepared for What May Lie Ahead?
It’s time to take another look at gold.
Gold is the best stagflation performer since 1973 with a 12.8% annualized return, according to a Gold Hub investment update.
“Real assets do well during stagflation, with commodities both fueling and feeding off inflation, while gold has tended to benefit from the elevated risk environment, rising inflation, and a lowering of real interest rates. Gold’s strong returns come despite a stronger US dollar typically seen during stagflation,” Gold Hub said.
That’s a track record you can count on in these uncertain times. Do you own enough precious metals?
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.
The post Inflation Still Running Hot: Sept CPI Hits another 40-Year High appeared first on Blanchard and Company.
“The US dollar’s strength isn’t so much a function of the strength of the US economy or US political leadership, but rather, the fact that we’re competing in a horse race against a bunch of other horses that are completely lame.”
Rick Rule – Rule Investment Media
The former President and CEO of Sprott, was last on the show at the beginning of February, so it’s an understatement to say he and GoldCore TV host Dave Russell had a few things to catch up on!
From US dollar strength (it’s all relative) to the price of gold through to how Rick is advising investors right now, Dave asks the former President and CEO of Sprott all the questions to help you better navigate these trying times.
https://youtu.be/_Sy6c4fFjQw
If you enjoy this interview then perhaps you’d like to watch The M3 Report, our flagship show on all things metals, markets and money. Our latest episode features Mr Rick Rule himself and the GoldCore team ask why current UK financial policy is an absolute ‘clusterfudge’, these days.
Buy gold coins and bars and store them in the safest vaults in Switzerland, London or Singapore with GoldCore.
Learn why Switzerland remains a safe-haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here
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The post Rick Rule – Gold Helps Me Sleep at Night appeared first on GoldCore News.
Founder and CEO Todd Bubba Horwitz joins GoldCore TV’s Dave Russell to discuss the Great Reset, physical gold investment forthcoming stagflation . This is Bubba’s first appearance on GoldCore TV , and we’re delighted to welcome him.
When Dave spoke to Bubba, they covered a lot of ground: from the rock and a hard place that the Fed finds itself in, to the impact on the housing market, the Green New Deal, the oil price and, of course, the price of both gold and silver.
Click on the Link to Watch Now
Show highlights include:
The Fed is stuck between a rock and a hard place
The impact on the housing market
What are the implications of the Green New Deal?
Are we going to see higher oil prices?
Might there be a gold backed currency on the horizon?
What is going on with the price of gold and silver?
Buy gold coins and bars and store them in the safest vaults in Switzerland, London or Singapore with GoldCore.
Learn why Switzerland remains a safe-haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here
Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here
The post Physical Gold & Why I Hold it – Bubba Horwitz appeared first on GoldCore News.
