Answering Your Questions | The Gold Standard 2339

https://www.midasgoldgroup.com/

In this episode of The Gold Standard, Jennifer Horn and Ken Russo answer questions sent in by our dedicated subscribers. But before addressing your queries, Jennifer and Ken review the 1971 Nixon Shock, a pivotal moment that set the stage for the financial challenges the United States faces today. In this episode, you’ll discover the critical events that have shaped our nation’s economic landscape and gain valuable insights into how they continue to impact us. You’ll also learn how to safeguard your financial future in today’s complex economic environment.

Bullion Bars or Coins?

The choice between bullion bars and coins ultimately depends on individual investment goals and preferences. Ken Russo believes gold and silver are real money. As such, he leans towards bullion coins. These coins, like the American Gold Eagle or Canadian Maple Leaf, offer both the purity of precious metals and the advantage of recognizability and divisibility. You can easily trade bullion coins. Many countries recognize bullion coins as legal tender. Moreover, coins often feature intricate designs, adding aesthetic appeal. Bullion bars, on the other hand, are valued for their high purity levels and typically come with lower premiums over the spot price, making them an economical choice for substantial investments.

What is an ETF? Good for Diversification?

An ETF, or Exchange-Traded Fund, is not physical gold or silver. ETFs are financial instruments that track the performance of a specific index, commodity, bond, or basket of assets. While they offer exposure to various markets without purchasing the underlying assets directly, they don’t align with The Gold Standard’s principle of owning tangible, physical gold. Unlike physical gold ownership, ETFs are essentially paper assets representing gold holdings.

Owning gold you can hold is the preferred approach. Owning precious metals means acquiring solid bullion bars or coins, providing a tangible and enduring store of value. Physical gold isn’t subject to counterparty risks, and its value isn’t contingent on the performance of financial markets or the stability of financial institutions.

Can I diversify my IRA with precious metals?

You can diversify your Individual Retirement Account, or IRA, with precious metals by doing a Self-Directed IRA. A Self-Directed IRA allows you to hold physical assets like gold, silver, platinum, and palladium within your retirement portfolio. This approach provides a unique opportunity to safeguard your wealth by adding tangible assets alongside traditional investments like stocks and bonds. It’s crucial, however, to work with a reputable dealer, like the Midas Gold Group, experienced in handling precious metals in IRAs to ensure compliance with IRS regulations. By incorporating precious metals, you introduce an additional layer of diversity, potentially reducing overall portfolio risk and enhancing long-term wealth preservation within your retirement savings.

Should I Choose Gold or Silver?

Choosing gold or silver is an old debate. Consider that silver, with its lower purchase cost than gold, presents an intriguing opportunity for investors. Even a modest increase in the value of silver can yield substantial profits, thanks to its more accessible entry point. Although silver tends to be more volatile, it is up 388% over the last twenty years and 61% over the past five. Silver can play a diversifying role for retirement investors because it tends to retain its value over time and outpace inflation steadily. Gold is pricier, offers higher stability, and is an excellent diversification tool for your investment portfolio. Both metals can have their place in a well-balanced investment strategy. Additionally, due to silver’s extensive industrial applications, it holds a strategic status, further adding to its investment appeal.

Silver American Eagle

Ken Russo’s favorite, the Silver American Eagle, speaks to the coin’s remarkable significance in precious metals. Crafted with impeccable quality and precision, the Silver American Eagle is a striking testament to the artistry of minting and a powerful symbol of American heritage. Adolf Weinman’s iconic design from the 1916 half-dollar, the Silver American Eagle, which features Lady Liberty, draped in the American flag, striding towards the dawn of a new day, evokes a sense of freedom and hope. The Silver American Eagle is a reliable store of value, with its weight and purity guaranteed by the US Government. Its legal tender status and widespread recognition worldwide make it a cornerstone in the portfolios of those seeking to safeguard their wealth.
____________________________________________________________________________________________________

Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/
Gold IRA: https://www.midasgoldgroup.com/gold-ira/
Invest in Gold: https://www.midasgoldgroup.com/buy-gold/
Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/
Read the latest precious metals news: https://www.midasgoldgroup.com/news/