You’ve probably heard a lot about the gold Buffalo Coin and other gold bullion. You may have even heard that you can create a gold-backed IRA and fund it with the gold Buffalo Coin (among others). If so, you’ve heard right. But if you’ve never invested in gold or created a gold-backed IRA before, then you probably have questions. Here are your answers…
Using a mold, the gold is then tested for remaining impurities which can be identified when they float on the surface. In order to determine the true precious content of the solid gold sample, a hole must be drilled into it. To extract the silver alloy, a piece of gold is scraped from the solid bar to be wrapped in silver lead foils and placed in a 1100 degree furnace. This process, called fire assaying, allows for another weighing of tumblr which is now rid of silver alloy. Then, using a spectrometer, both the solid and liquid samples are tested for purity. A weight difference exceeding 1% calls for a repetition of the entire process.
Now all during 2009 again ALL of the broadcast TV business shows who had been on the wrong side of history. Refused to allow the public any perspective in comparison of precious metals again out performing stock indexes again and again… are you seeing a pattern. Metals have been kicking Wall Streets ass big time for several years and the media is trying as hard as possible to thwart or scare the public away from gold ira.
One thing that gold ira follower thieves look for is a routine. Be sure you vary yours while on vacation or a business trip so that anyone observing your actions wouldn’t be able to expect you to be away from your room at any particular time.
Gold futures. This is only for more sophisticated and experienced investor. They are one of the least expensive ways to purchase gold, but is considered higher risk. This may be the most complex of all gold investment but it is one that potentially big fortunes could be made. Having said that,the futures market is far too complex for the vast majority of investors.
Long term, the U.S. will win the currency devaluation battle. U.S. debt is staggering, and forty-two cents of every dollar the U.S. borrows today goes to pay the interest on yesterday’s debt. The Fed must continue to print dollars, or the government must raise taxes AND cut spending drastically to have a chance. We all know the latter combination alternative of raising taxes and cutting spending will not happen. Which means the Fed will continue to print dollars, which will be cause additional monetary inflation pressure.
Selling your gold is the easy part. Because it’s gold, you can sell it any time and anywhere in the world. There are always dealers in any decent sized metropolitan area, but like any insurance policy, you shouldn’t cash it in unless you absolutely need it.