August 05th, 2016

08/05/2016

 

The “Home Storage” Precious Metals IRA Myth

"The internet is full of websites promoting “Home Storage” Gold IRAs, “Self Storage” Gold IRAs, “Home Delivery” Gold IRAs, and other enticing captions that lead consumers to believe current law allows them to store gold and silver held in their IRAs at home.

Unfortunately, these claims are not supported by the Internal Revenue Code."

 

July 23rd, 2016

07/23/2016

 

Brits Are Investing in Gold at Unprecedented Levels

"It’s not the first time Britons have turned to gold — dealers saw buying surge in the initial phases of the subprime crisis at the end of 2008 and during Europe’s debt crisis in 2012 and 2013. But the interest dissipated quickly, the dealers said. This time could be different."
 
 
 
 
"Uncorrelated to stocks and bonds

Even though the price of gold has the strong tendency to rally in times of stock market corrections, it is, in fact, statistically uncorrelated to the performance of both stocks and bonds, which make gold an excellent asset class for portfolio diversification. [...]"
 
 
"Are "Home Storage" & "Self Storage" Gold IRAs Legitimate?  Bottom line: Opening a "home storage" precious metals IRA can be a lot more risky LEGALLY than gambling in a casino and a LOT less fun." - SmartGoldIRA.com
 
 

(From June 2013 Interview)
 

January 27th, 2016

01/27/2016

 

"BREAKING NEWS: COMEX Registered Gold Inventories Plummet 73% In One Day"

 "Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day."
 

January 10th, 2016

01/10/2016

 

Historical Review of Gold and Silver, Their Bull Markets Continue

"$GLD, $SLV

How goes the bull market in gold and silver?

Believe it or not they are still in a bull market [...]"

 

January 08th, 2016

01/08/2016

 

China adds to gold reserves in December, buying streak to continue

"China added more gold to its reserves in December, bringing its total purchases in the second half of 2015 to more than 100 tonnes, with analysts predicting the country will continue purchasing at a similar pace this year."
 
 
7 Reasons Not to Buy GLD

"Given my scathing criticism of most (so-called) bullion-ETFs, I frequently get reader questions about the prospectus of one fund or another. I freely confess to not having read these documents. My (stated) reasons for not doing so are that I do not, and would not hold such investments, and that I have already provided enough reasons to doubt the legitimacy of these investment vehicles that such an analysis would be moot. However, at the persistent urging of one reader, I finally caved in and went through the prospectus of The Mother of all Bullion Scams: GLD."
 

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