Gold Prices

The Price OF Gold – Recession Proof

 

Since 2001 precious metals have steadily risen in value. In the seven years from 2001 through until 2008, the price of gold increased from approximately $270 per ounce to around $800 per ounce.

Recession Strikes!

In 2008 the financial world was chaotic. Recession struck and numerous countries, including the US, were facing a monetary crisis. In America, the Dow Jones Industrial Average lost half of its value.

Banks were panicked and stopped making loans. Businesses couldn’t obtain bank funding for working capital and unemployment soared. Millions of hard working Americans lost their homes.

So what effect did this have on the price of gold?

 

Increasing Value of Gold

Between 2008 and 2011, the gold price moved from about $800 per ounce to reach a record high of almost $1,900 per ounce.

Precious metals have cooled a bit since those peak levels but gold, at the time of writing this article, is still sitting at around $1,300 per ounce, which is still far higher than the 2001 price of just $800 per ounce.

Your best options for your Retirement Investments

There are many options for retirement investments in today’s environment.  Most importantly, today’s seniors have a variety of ways to use gold in their IRA to make the best of their golden years.

An IRA is an Individual Retirement Account which is a very important part of an individual’s retirement portfolio.  Retirement is a time in life which should provide individuals with a chance to use the wealth they have accumulated throughout their working years.

Retirement also provides financial specialists with opportunities to assist individuals to place their earnings into viable investment ventures.  This provides these financial specialists with substantial profits. Individuals must make sure that they can cash in on their investments once they retire and that they can benefit from their IRA.

While many financial investments can help with an individual’s retirement planning, they are influenced by the value of the dollar.  With the current economic problems, the value of the dollar continues to fluctuate, therefore any retirement investments need to be carefully considered. These types of investments pose certain risks, mostly dependent upon the trends of the dollar.
Decline of the UD dollar
When an individual invests in either gold bullion or gold coins, they are no longer dependent upon the value of the dollar.  The value of gold will almost certainly rise, regardless of the economic circumstances.  Devaluation of gold can happen, but it is unlikely to last in the long term, unlike paper investments which depend upon the global economy. Investments in gold are common all around the world.  Gold purchases for investment in an IRA can be done through a rollover or a transfer.

When it comes to investing for an IRA, the most important thing is ensuring that the investments are diversified enough.  The owner of the IRA must ensure the portfolio is balanced between the precious metals, CDs (certificates of deposit), and stocks.

There are many investors who choose to take only one investment route, however, a sound investment strategy should ensure the portfolio has an equal level of higher profits, as well as safe growth.  A gold IRA offers the extra aspect of gains and safety in the investment portfolio, without having to invest in riskier options such as stocks.

Gold offers the unique characteristic of retaining its worth.  This is what makes a Gold IRA such a good option for a retirement strategy. 

Even though gold prices can fluctuate as a result of different factors relevant to the market segment, there is a limit under which this precious metal will not drop.  This makes gold more secure as compared to common stocks and still allows investors to enjoy profits during retirement, which is when an individual wants to see their profits.

Retired Gold Investors

A gold-funded IRA is a very appropriate and safe retirement strategy which individuals can use to maximize their retirement wealth.  Individuals nearing retirement should begin looking for a reliable investment firm to work with to start their gold IRA.  Whether it is a bricks and mortar facility or an online business, investing in gold is a very good choice to realize high profits and steady income, thanks to the steady value of gold.

When searching for an investment firm, one of the things to look for is several years’ experience trading in precious metals, specifically in gold.  In addition, the investment firm should also have many satisfied clients and staff who are skilled and highly experienced with investing in gold.  It is also important for the investor to research the investment firm’s reputation as well as the fees and charges that the firm will charge relating to the gold IRA.

Typically, a gold IRA will not carry any consequences when it comes to taxes.  This is legal and gold IRA investors are not required to state how much gold is kept in their gold IRAs.  There are no penalties if an investor’s tangible gold is converted to a gold IRA in order to avoid tax implications.

Free of Tax

This is a very important point, especially if the set charges are low enough and the process is easy.  It is also legal to own more than one investment account, so this can be done if an investor wants to open another gold IRA account or another type of investment account to protect their retirement funds.

Investing in a gold IRA is a great choice as a part of an individual’s overall retirement strategy.  Since gold holds its value so well, making gold a part of a retirement fund is a good way to ensure it holds its value over the long term.

Below we have provided you with a ‘real-time’ pricing chart which demonstrates how gold has increased in value since 2000.

If you’d like to learn more about investing in precious metals, please complete the form on this page. You will receive a FREE Regal Assets Gold Investors Kit. You will also have direct access to the highly qualified investment advisors at Regal Assets.


History Of Gold

A Timeline Of Gold History

 

A comprehensive gold history and timelineThroughout the ages, gold has had quite a diverse history. At this point, no one has been able to pinpoint the precise place and time that man first encountered the yellow precious metal. But it’s safe to say that man fell in love with it at various places and times throughout early history.

The experts who study fossils have recognized that bits and pieces of gold were discovered in Spanish caves around 40,000 BC. These caves were used by Paleolithic man. But there is no precise date and historically we cannot come up with exactly when gold was first discovered.

In 3000 BC, it is widely known that the Egyptians used the shiny metal for adornment and jewelry. It was not used monetarily, as the ancient Egyptians’ medium of exchange was not gold but barley. The temple priests and pharaohs enjoyed using it for decorative purposes.

Gold first came into use monetarily around 700 BC. The citizens living in the Kingdom of Lydia – now known as Western Turkey – found use for gold as a medium of exchange.

But enough about early history. Let’s take a look at gold from a more recent perspective…

 

The History of Gold Circa 1792 and Beyond

This was an important time in the history of gold. This is when the United States Congress decided to adopt the bimetallic standard – the gold standard – as part of the nation’s currency.

At the time, gold was valued at $19.30 per Troy ounce. This value did not change for nearly 50 years, when the gold price finally rose to $20.67 per Troy ounce in the year 1834. Amazingly, this price level held for 100 more years in the United States.

At that point, Franklin Delano Roosevelt was the US president. This was the first instance where the US dollar was devalued. President Roosevelt raised the price of gold to a whopping $35 per ounce. That is a large jump in value as I’m sure you can see.

But there was a specific reason why FDR boosted gold value…

He was looking to increase the price of commodities – in particular the farm products – because of the Great Depression. Remember, many people were suffering from a lack of employment at this time. He felt that raising the price of gold and devaluing the US dollar would create more jobs for those suffering from the devastating effects of the Great Depression.

Then came the Bretton Woods agreement…

Bretton Woods Conference

 Bretton Woods Agreement

This agreement came about in 1944 at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire.

The conference’s major outcomes included the following:

  • The formation of the International Monetary Fund.
  • The formation of the International Bank for Reconstruction and Development.
  • The introduction of a proposed adjustable pegged foreign exchange rate system. In this system, the currencies were ultimately pegged to gold. This gave the International Monetary Fund full authority to intervene in the event of an imbalance of payments taking place.

Now we are going to jump ahead in time to the year 1971. This was the year that President Richard M. Nixon decided to take the United States off of the gold standard.

 

The Smithsonian Agreement

This agreement was hailed by President Nixon as the “greatest monetary agreement in the history of the world.” Many people believe that this agreement was more unsound than Bretton Woods and of the gold standard of the 1920s.

Why is that?

Ultimately, many countries in the world came to an agreement where they would maintain fixed exchange rates. But there was one major difference this time around…

Gold and world money would no longer back any of the currencies. Also, the European currencies were fixed at undervalued parities when you look at gold in relation to the US dollar.

The US only made one concession. They officially devalued the dollar rate to a measly $38 an ounce.

 

The History of Gold Circa 2001

At this point, gold was valued at roughly $270 an ounce. But this is precisely where the recent gold bull market began.

The value began to steadily rise, and in 2011 gold reached an all-time high of $1921 per ounce in September of that year. It has since pulled back in value, but it’s set to take off again.

If you’re ready to begin investing in precious metals, please fill out the contact form on this page. You’ll receive a totally FREE Gold Investor’s Kit and have access to the highly trained account executives at Regal Assets.


Best Gold IRA Rollover

Best Gold IRA Rollover – Investment Guide

 

As an investor looking to initiate a gold IRA rollover, you may have a lot of questions, concerns and generally need more information about this topic. That’s completely understandable if you are very new to this investment vehicle.

Let’s take a more in-depth look at this topic now…

 

What Is a Gold Rollover?

What is the best gold IRA Rollover worth to you?Essentially, when you rollover your funds from one type of retirement account to a gold account, you then have the ability to invest in gold and other precious metals. Whereas your other account did not have the ability to purchase physical precious metals. That’s the major difference.

Typically, this type of investment is done through a gold broker. They will handle all of the setup for you; they will house the gold in a depository and ultimately make sure that your investment is safe, secure and completed correctly.

Since precious metals are part of a living market, the value of these commodities will change every day. It will drive you crazy to pay attention to the individual day-to-day fluctuations, so you need to think long term with this type of investment.

Let’s take a look at the long-term potential of an investment such as this…

 

Advantages of a Gold Retirement Account

  • Whether you lose your job or it remains safe and secure, you do not have to worry about losing your retirement earnings because they will already have been transferred into a gold individual retirement account.
  • If you decide to switch careers after many years, you do not have to worry about your employer taking control of your retirement account. The control stays with you, and you will receive plenty of help from your gold broker to manage the account.
  • You have complete control of your retirement account. You don’t have to worry about other people’s opinions that may or may not reflect your investment strategy.
  • The global economy is changing each and every day and you need to protect your retirement savings. By purchasing precious metals, you have decided to invest in a commodity that has been highly regarded for thousands of years.

 

Are You Ready to Make This Change?

In the end, your retirement account will be much safer and more secure once you begin investing in precious metals. It’s the one investment opportunity that continues to grow in value no matter what the economic circumstances. It’s definitely an investment worthy of your time and attention.

If you intend to start investing today, please fill out the contact form on this website. It will be worth your while to get the FREE gold investor’s kit and access to the highly trained staff members at Regal Assets.

 



 

Rollover 401k into Gold

Rollover 401k into Gold – An  Overview

 

learn why you should rollover your 401k to goldIf you plan to rollover your 401k into gold, it’s important that you learn the different rules that need to be adhered to when you make this switch. It’s important that you know the rules so you specifically understand what you are about to get into. You need to understand the investment from all angles and knowing the rules will help you learn and understand more.

Ultimately, the main advantage that you will experience from a 401k rollover of this nature, is the tremendous tax benefits that it provides. All of the money earned in this account is tax-free. You literally get to keep 100% of the profits from your gold investments. Sounds like a fantastic way to earn retirement income to me.

Let’s now take a look at the different 401k rollover choices. This way you’ll understand the options a whole lot better…

 

A Direct 401k Rollover

This is a simple enough procedure to understand. You would take your existing retirement account balance and move it directly into a new account. The good thing about this approach is that you’ll be able to preserve all of the tax benefits being offered. That is obviously to your ultimate advantage.

The good thing is that your previous employer is not going to withhold any of the money in your account. You will not have to pay any additional income tax as well. It’s also a very simple way to complete a rollover transaction, which is definitely an additional benefit that you will appreciate.

Basically, it’s such a simple process because you only need to open up a new account and then fill out a few forms. That sounds simple and easy enough, right?

But it’s not your only option. Let’s take a look at the next…

 

An Indirect 401k Rollover

Here’s another way to close out and rollover your previous 401k account…

It’s very similar to the direct approach and if done right, you should be able to retain all of the same tax advantages and benefits that your previous retirement account provided.

Here’s the difference…

Instead of directly transferring the money from one account to another, the money from your old retirement account will be sent directly to you, in the form of a check.

You will then be responsible for depositing the check into your new individual retirement account, that is capable of purchasing physical precious metals. You have 60 days to perform this task without experiencing any penalties that all.

It’s important that you deposit this money and open up the new account within the 60 day timeframe. Otherwise it’s possible that your money will be subject to income taxes because you didn’t make the deposit within the specified period of time.

You may even have to pay an early distribution charge, if you do not deposit your funds within 60 days. So that’s another thing to keep in the back of your mind once you initiate this process.

Now I don’t want to scare you because there is help available if you need it. Here’s what you can do…

 


Contact a Gold Broker Right Away

It’s best to immediately contact a gold broker as soon as you decide that an indirect rollover is the way to go. The gold broker will be able to help you open up your new physical gold IRA account and they will deposit and purchase gold on your behalf.

You have the final say in all of the investment decisions, so the control is now in your hands.

If either of these methods seem appealing to you, then you should initiate this process as soon as possible, to take advantage of this hot commodity market.

To begin investing in precious metals, start by filling out the contact form on this page. You’ll receive a FREE investor’s kit and access to qualified precious metals brokers who are ready to answer any questions you may have.

How to Convert IRA to Gold – Proven Methods To Follow

How to Convert IRA to Gold

 

we reveal how ira's are converted to gold ira'sYou’ve seen how the economy has been struggling. You can see that diversification is the key to successful investing. You can see that  keeping all of your money in the stock market is a potential recipe for disaster.

It’s a tragedy what happened to so many people in 2007 and 2008 as the stock market and housing markets collapsed. But there’s one thing that we learned more than anything during this time. To put it simply, putting all of your eggs in one basket is a major mistake. It’s time to begin diversifying our portfolios and putting our money into trusted, safe haven investments that have been around since the monetary system began.

What you need to do is simple. You need to change from a traditional IRA account to one that is capable of accepting gold and other precious metals as an investment source. There are a few ways to do this. We will share two methods with you today. Let’s take a look.

 

Method #1: Transferring the IRA from One Custodian to Another

A simple way to convert your account – or roll it over – is to transfer custodianship from one custodian to another. Ultimately, if your current IRA custodian does not provide the ability for you to invest in precious metals, then you’ll need to transfer custodianship into someone else’s hands. Specifically, someone who will provide you with the capability to invest in metals.

Here’s what you can expect…

Once you find the new custodian and you retain their services, they will send a request to your old custodian. When the request is made, the new custodian will ask for a check in the amount that your individual retirement account is worth.

The check will be made out to the institution for the total amount of your investment. Once the transfer of funds is made and the check clears, the new custodian will then proceed to convert your IRA to gold. You, as the owner of the account, will have the final say in which precious metals are purchased.

The custodian will work on your behalf, to purchase your desired investments and provide exactly what you are looking for as an investor.

When the final transaction is complete, you will then have converted your traditional individual retirement account into an account that is capable of purchasing and investing in metals commodities.

Here’s a nice side benefit…

This type of individual retirement account investment is quite beneficial because the transaction does not have to be reported to the IRS. Any financial gains earned through this account are completely tax-free. That’s one of the many benefits of owning a precious metals account such as this.

Let’s move on to option number two…

 

Method #2: The Investor Takes It upon Themselves to Initiate a Rollover

This is very similar to the first method mentioned but with one major difference. The investor will be handling the rollover, as opposed to a new custodian.

Ultimately, what happens is you would make a request to your current custodian and ask for a check in the amount of your entire investment, in order to close out the account. You must have the custodian send you the check, in your name.

Once the check is received, you have a total of 60 days to deposit the funds into your new retirement account. If you take longer than 60 days, you will incur penalties. So it’s best to deposit the funds as quickly as possible, in order to avoid paying unnecessary penalties.

You are allowed to make a transaction of this kind once a year. It is also required that you report this to the IRS.

There are obviously only minor differences between the two methods we’ve shared here today. The second method puts you in control of your investments but also puts a lot more responsibility on your shoulders.

Don’t worry if you’ve never completed an individual account rollover because there is help available when you need it.

How to Get Help with the Conversion Process

If you are nervous about taking on this responsibility by yourself, don’t be. You are not alone in this and as soon as you choose the precious metals broker you’ll be dealing with, the sooner you will receive the necessary help to get things underway.

Let’s look at an example, to help you better understand…

Say you decide to choose Regal Assets as your gold broker – and this is a fantastic decision, since they are one of the premier gold brokers online today.

As soon as you contact this company and tell them your plan, they will immediately begin taking steps to make this transition go as smoothly as possible. As a matter of fact, they will handle the entire rollover on your behalf. You will only be required to follow their directions and nothing more.


This makes things so simple for you as the investor and ensures a smooth transition period. This is also a great way to avoid penalties because you’ll be dealing with professionals who have handled such transactions, literally thousands of times.

Hopefully this makes you feel a lot better about the entire process. Having professional guidance, provides you with a lot more confidence in your ability to make this transfer happen without difficulties.

That’s about all there is to it. Choose whichever method makes the most sense to you and follow through, so you can begin investing in precious metals to capitalize on this opportunity right away.

If you are ready to get started, please proceed by filling out the contact form on this page. You will receive a FREE investor’s kit and one of the qualified representatives will help you get underway.