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Morgan Stanley to Expats: Take Your $500,000 IRA Somewhere Else

Thursday, March 20th, 2014

Morgan Stanley is no longer accepting applications from expats who wish to open a new IRA or roll over an existing IRA, unless the account in question is valued at $500,000 or more, according to recent reports. While the exact reasoning behind this policy change is unclear analyst Charles Hancock believes the move is “50% compliance and 50% greed”.

“Laws such as [know your customer] and the Patriot Act have made it more difficult for expats to maintain certain types of financial accounts, but that doesn’t mean it is impossible,” Hancock said. “If current laws made it impossible to own an IRA while living outside of the United States then Morgan Stanley and other custodians who have taken similar measures wouldn’t have a threshold of half a million dollars.”

Hancock says that while some expats may receive calls or correspondence from their custodian requesting that they find another home for their IRA such tactics are still the exception rather than the rule. “There are quite a few IRA custodians that accept expats with retirement accounts,” Hancock said. “Two that come to mind are Equity Institutional and GoldStar Trust, and both of those firms offer traditional investments as well as alternative assets like gold bullion.”

Individuals who are interested in opening or transferring an IRA or inactive 401(k) can call directly for an obligation-free portfolio evaluation. advisers are non-commissioned representatives and can walk you through the IRA rollover paperwork from start to finish so that your account is set up the way you want it so you can get back to,living your life.

Why Investing in Gold Bullion Could Cost You Everything

Wednesday, November 20th, 2013

I’ve been buying and selling gold bullion since the mid-1980s, and even though gold was in a bear market at the time I was able to realize profits by watching the technical charts, spending hours each day poring over the tiniest tidbits of news that could possibly affect gold prices, and in general doing everything I could to buy as close to the bottom of each mini-market and subsequently sell at the top. It didn’t always work out for me but more often than not I was able to trade gold bullion without pulling out my hair, which was already disappearing on its own.

In 2001 gold bottomed out at $252 per ounce. It was at this time that I decided to reevaluate my portfolio. Over the next two years I sold 90% of my gold bullion. Before you pull out the calculator to see how much money I lost by selling, let me elaborate. I exchanged the majority of my gold bullion for pre-1933 gold coins, mostly $20 Double Eagles. I bought PCGS-certified versions of the coins and I developed a new strategy: buy, store and forget.

Rather than using my days to study the intricacies of the gold bullion market I simply stored the coins in my safety deposit box and used my time to study the U.S. economy, and what I discovered only strengthened my faith in my strategy. In 10 years home prices grew by 60% on average, but income had only risen 2% in that same time. The vast majority of financial services companies were doing well, but I was hard-pressed to find any manufacturing or production data that could justify such growth.

We all know what happened next: stocks and real estate values plummeted and gold rose to over $1900 per ounce. The U.S. government is on the verge of collapse, and our dollar is practically insolvent. In my research I found out that the last time we were in a similar situation, the U.S. government outlawed gold bullion and paid gold bullion owners a fixed rate of $20 per ounce for their metal before revaluating gold at $35 per ounce, where the price stayed for the next 40 years. I didn’t know any of this when I switched from gold bullion to certified gold coins and silver, but now that I do I try as hard as I can to educate investors about gold’s past.

If you plan on holding your gold for any length of time and “flipping” gold bullion isn’t in your plans, do yourself a favor and take a serious look at investment-grade rare gold coins. Nothing exotic, just MS62-MS65 Double Eagle coins and/or Indian Head gold coins. They have a numismatic value that tends to increase over time, and they could be exempt from any future government gold bullion confiscation. Do the research, because those who forget the past are doomed to repeat it.

Gold Bullion IRA Plans Gaining Popularity as Government Shutdown Continues

Wednesday, October 9th, 2013

The first round of losses that drained over $3 trillion from American’s retirement accounts between 2005-2011 was not enough to convince some IRA holders to diversify their portfolios, and until recently it seemed to some that staying put was the smart move. Stocks, in general, have performed well, and inflation has not been shockingly obvious, at least if you go by our government’s inflation index (the one that doesn’t account for food and energy costs).

The government shutdown has changed all of that, however, as stock brokers are struggling to retain clients and investors are largely refusing to put their money into any type of long-term asset. Gold bullion prices have not changed much since the shutdown began, but the fact that the federal government – and the people we elected to manage our finances – has closed for business is more than enough for some investors to throw up their hands and say, “I’ve had enough!”

Many of these investors are opting to convert their assets into Gold Bullion IRA plans, for a couple of reasons. Gold bullion investments are extremely liquid, meaning they can be turned back into cash at any time. Gold bullion is one of the few IRA investments that you can actually put your hands on, provided you pay the taxes and, if you’re under the age of mandatory withdraws, the early withdraw penalty.

Gold bullion hasn’t exactly shone over the last few months, as it is down 5% in the last 30 days and about 25% year-over-year. Why, then are so many people who are close to retirement choosing to buy gold bullion when our economy is in such a fragile state? Because gold is not fragile. It is solid, it can (and has) withstand the test of time, governments and fiat currencies. While our elected officials fight over how much cash needs to be printed to get us through another couple of months, savvy investors are calculating how much cash they can do without.

Gold Bullion Smuggling on the Rise in India

Friday, September 20th, 2013

In an attempt to curb the country’s insatiable thirst for gold, the Indian government has been dramatically raising gold import costs, yet little has been done to satiate the national appetite and some have resorted to breaking Indian law to get their hands on gold bullion.

Despite assumptions that China was to overtake India as the world’s biggest consumer in 2012 India’s unquenchable thirst for gold held strong in 2012. According to the World Gold Council, the country imported 864.2 tons of gold last year, trumping China’s 776.1 tons. In an effort to bridle this rampant demand the Indian government has raised duties on the yellow metal repeatedly over the last 12 months. Just as many experts warned, however, the gold regulations have resulted in smuggling operations that brought as much as 250 tons of gold into the country illegally last year.

“The hike in customs duty has not stopped the import of gold into the country. It has only changed the route as smugglers earn a profit of around $3,719 on every kilogram of gold smuggled into the country,” said Bachhraj Bamalwa, chairman of the All India Gems and Jewelry Trade Federation.

It’s no surprise that India is still so hungry for gold, and gold investors can expect to see such demand for the foreseeable future. India’s appetite for gold has been a factor in the yellow metal’s current bull market, in which it has increased over 400 percent in the last 12 years. As demand for physical gold bullion and rare gold coins shows no signs of abating this year look for the gold price to rise despite the wishes of governments and central banks.

Gold Bullion Prices Fall As Investors Sell Heavily

Tuesday, May 14th, 2013

Monday’s trading session saw something that has been the exception rather than the rule for the last few months – more investors were selling gold bullion than buying gold bullion. Yes, the gold spot price has been mostly falling or flat for the better part of the year, but how have gold bullion investments figured into the mix?

While investors have shed gold derivatives like pool accounts, exchange traded funds (ETFs) and gold futures contracts, savvy conservative investors have been stocking up on gold bullion bars and bullion coins like Canadian Maple Leafs and South African Krugerrands. The U.S. Mint has reported record sales figures all year, and the Royal Canadian Mint just announced that the numismatic division of its gold coin program was going to expand due to the increased demand. How, then, can gold bullion prices fall with so much demand for physical gold?

The answer lies in the volume of trading that is done via the physical gold bullion market as opposed to the derivatives market. Institutional investors, large banks and 401(k) managers rarely, if ever, invest in physical gold. It is too cumbersome and storage is too costly after vault and insurance charges. Instead, they purchase funds that represent gold.

The average household investor, on the other hand, prefers to keep the gold in his or her hands as a safety net in case our economy collapses. Bars and coins make American investors feel safe. Even though lots of bullion is being bought right now, the percentage of the gold market that is made up of gold bullion is small enough that outflows from derivatives markets overshadow any gains made because of physical buyers.  If this trend continues, gold could drop as low as $1200 before the institutions start to purchase again.

The Only Winner is Gold on Central Bank’s Balance Sheet

Wednesday, March 14th, 2012

So, Federal Reserve Chairman Ben Bernanke has again tacitly delayed a third round of Quantitative Easing. In an appearance before the Congressional Finance Committee, Bernanke simply didn’t mention it. Markets dived in response, but have since regained ground on very strong jobs data and an agreement in the Greek Parliament on debt.

This really brings up the issue, however, of what happens to the money supply when the government prints money. If you notice, looking at any historical price of gold will make you begin salivating, or exhibiting a similar desirous phenomenon. Look at the gold price three years, two years, one year ago and you’ll start wishing you had bought gold bullion then. Are you up 30 percent? That’s my favorite question for proponents of stocks.

The simple matter of fact is that central bank policy, which includes the programs of Quantitative Easing, is driving the gold price higher through the function of inflation. QE is inflation. Period. In the short term, it has very a important market effect of injecting credit, liquidity, and nominal value. This can make all the difference between a floating market and a severe downturn. Both are bad, but theoretically one is worse. In the sense that QE was intended to provide a short-term injection of liquidity to markets and keep them from a serious downturn, they have been generally successful.

But the rapid increases in the price of gold tell another story. All that QE doesn’t go away. After the effects of the short-term capital wear off, you still have astronomical amounts of dollars in the markets. The more dollars there are in existence, the more dollars it takes to purchase real goods. The most definitive real good we have is gold. The price of gold has skyrocketed with the QE.

Up until 2007, the Federal Reserve held approximately $700 billion of treasury notes on its books. By March 2009, it held over $1.75 trillion of bank debt, treasury notes, and mortgage-backed securities. In March of 2007 the price of gold clocked in at about $650 an ounce. In March of 2009, gold bullion was just under $1,000 an ounce. Today, the price of gold is hovering just under $1,700.

Are you seeing a pattern here?

This would be why the Fed has been buying gold at forty-year highs. Until the Fed begins unwinding QE with definitive moves instead of tacit delays, the price of gold will continue to reflect the effects of monetary stimulus and gold bullion will continue to be the best investment we can make.

Too Bad Gold Bullion Isn’t Backing the Dollar…

Monday, February 20th, 2012

I am not speaking out of a Utopian mind. I am actually very practical. But, the truth is that if the dollar was sustained by gold bullion we wouldn’t be in half of this mess. Now the Fed is in combination with the chief banking institutions. Their major revelation from their latest meeting is that the dollar will be losing value very soon. Like we needed to hear that. Even though we knew it would happen, anyway.

According to the Fed, it should happen during the next twenty years. And according to Charles Kadlec from Forbes, the devaluation of the dollar by the Fed will be by about 33% or more. He also added, “The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in eth price level. An increase in the price level of 2% in any one year is barely noticeable. Under a gold standard, such an increase was uncommon, but not unknown. The difference is that when the dollar was as good as gold, the years of modest inflation would be followed, in time, by declining prices. As a consequence, over longer periods of time, the price level was unchanged, A dollar 20 years hence was still worth a dollar.”

This would mean that there would be a 50% increase in the price level at the rate of 2% per year for 20 years. In laymen’s terms, that would signify that in 20 years or 2032, items or services costing $100 would then cost you $150. Do you see the picture now? That is what the dollar will look and feel like worth one-third of its present day value.

Why would the Fed then presume that this monetary guidance would boost employment figures? In the past four decades, it has not functioned and it won’t now. The Federal Reserve inserted $600 billion in Treasury securities from November 2010 through June 2011 into the banking system while maintaining interest rates historically shallow. The result there was a lethargic annual rate of growth from 3.4% to a terrible 1% by the first half of 2011. Ironically, though, once the Fed refrained from their meddling, economic growth ascended to a 2.3% annual rate by the second half of the year. Does anyone see where this is heading? And this is not where it stops.

Fiscal disasters will now become even worse with big banks imploring the power to issue negative yield bonds. It all boils down to the consumer then being obligated to paying the banks money in turn for their noble proffer of holding onto your own bond-money. It is quite apparent that the Federal Reserve and the American people are not on the same page. They’re seeking very different outcomes to this whole mess. And, of course, until the Federal Reserve lets the economy go, it will not get any better. We so desperately need gold bullion to help us out at this time of crisis.

Once Again It Is Gold Bullion That Everyone Runs To…Including Central Banks

Friday, February 10th, 2012

The unique characteristics that gold bullion is blessed with are precisely what everyone is after. Everyday it is being referred to within the economic as well as global scene. The gold price is something that everyone wants to know at all times. That price depends upon developments in the impact of supply and demand as is the case in most commodities. Despite this, gold is peculiar because gold production is relatively constant and improbable to alter much in the near future and because the supply and demand is especially liquid at times it is very susceptible and subject to speedy revisions. Typically, the demand for gold comes from investors and buyers of gold jewelry. Investors normally want gold as a store of value when economic stress is at its highest. Central banks are also holders of gold bullion.

The obligations and commitments of central banks are not as translucent as we would like. We know they were created to administer a nation’s currency which is accomplished by manipulating the money reserve within their country which, in turn, will weigh upon interest rates. The gold standard is no longer in effect, but they can distort reality as they wish like when they apply quantitative easing to the economy. We believe one thing when in reality something else is occurring. They keep their gold stocks as a sort of security and favor exchanging currencies with other nations. They produce their own money…literally, and utilize it as a safeguard option. Against what? They know…but prefer to hush the truth. There are many actions central banks could take with their gold reserves.

The control that central banks exert over monetary policy influences the price of gold. I mean, we know that gold does not pay interest or dividend. If they perform unconstrained monetary policy, the consequence will be economic growth even though inflation anxieties may rise, whereas rigid monetary policy can make economic growth sluggish. It is supposed then that the feat taken by central banks can stimulate investors towards or away from gold speculation, provoking prices to go up or down. It is because of this that gold is still regarded as a currency in many alliances which is why several analysts advocate that gold may just be the most vital currency we will ever have.

Amongst the top keepers of gold deposits in the world are Ben Bernanke and the Federal Reserve and the European Central Bank (ECB) which works beside the International Monetary Fund (IMF) minding the catastrophic European debt problems. The Deutsche Bundesbank (DB), Germany’s central bank is recognized as the most important and powerful member of the European System of Central Banks, along with France, Switzerland, and Italy. In total, central banks hold a supply of reserves in excess of 30,000 metric tons of the gold on the planet, or about 20-25% of above ground gold stock. All this signifies that when they make a move with their gold, they affect the gold market around the world.

Of all of these, the IMF has been the only noteworthy gold seller in the past ten years. Back in 2009-2010 the IMF did sell some of its stock. As reported by their website, they let go a total of a little over 400 metric tons, and that supply was managed conscientiously to steer clear of precipitating breakdowns to the gold market’s operation. Nobody was shocked when the Reserve Bank of India purchased over half of the total amount of that sale. Quite a number of Asian central banks have conveyed comparable desires to be in the disposition of augmenting their gold stockpiles. Sales by any European central banks will consequently not be expected to lower gold prices, but rather provide other central banks with the prospect of obtaining more gold for their central banks. This desire to acquire gold by Asian banks reminds us of when the United States was the net buyer in the 1930s and 1940s.

The Eurozone as a whole is on the brink of collapse due to the debt predicament of a few nations. Unfortunately, not even selling gold could help them. They hold a lot of gold but it wouldn’t make a difference in comparison to the debt amount. What they need to do is stop printing money as a means of solving their problem. Inflation should soon be out of control across the Atlantic.

Just as when the Euro was initiated and backed by gold, this would be the only way a nation removed from the Eurozone could commence the start of a new currency; they would have to back it with gold. This would mean they would have to sell some of their gold. And, we all know that a restructuring of the Eurozone is underway.

All this gold talk is occurring without the implementation of the gold standard which puts us in retrospect of the strength and importance it had (and still does) within our developed society. It’s very clear that gold bullion has preserved a vital function amid central banks. Now we must wait and see what they do with it.

Gold Bullion Will Be There When You Most Need It

Wednesday, February 8th, 2012

This year has started with a lot of overhead baggage menacing its overall survival. I’m not just talking about the United States, but around the world. Things are so bad on the other side of the Atlantic that, as it deteriorates, the impending threat of straightforward monetization of the Eurozone’s debt by its central bank and, clandestinely, by the United States’ Federal Reserve will overwhelm us. We are neighboring highly precarious waters and we just might drown in them.

So, what does one do? Should we save our hard-earned cash in stocks, bonds, and CDs or should we use it to purchase a safer asset? People with a smidgen more understanding about investing than the average person will advise you to purchase the precious metal amidst inflationary periods while others who enjoy a bit more knowledge than them will counsel that during inflationary and deflationary periods or even during periods of uncertainty and instability or when interest rates are negative is the best time to purchase gold.

What do the rich do? First of all, their answer as to when to buy gold is ALWAYS! You see, they do not perceive gold as an investment. Rather, they view it as a store of wealth and truly believe that gold should be on hand at all times. Gold as a store of wealth means the obsession about the gold price disappears. In other words, they do not follow daily prices of gold. They aren’t aspiring at earning short-term profits from gold possession; they are undertaking the sustainment of general purchasing control.

It’s all in the books: because gold has an inverse relationship with other types of assets, it has the ability to protect real wealth. What does this mean? That when gold prices are dropping, other types of assets are most often increasing in real terms. Likewise, when gold surges, these same assets are cascading in real terms.

The wealthy seek security for their families under any circumstances and with the way the global economy is headed, they’re right on target. Physical gold bullion can supply vast wealth in a condensed, globally-accepted form that can be concealed from the meddling of governments. Since the global economy is at a very uncertain point, this way of thinking provides them with a manner in which to escape losing it all if or when economic destruction ensues. Whether you’re a supporter of this type of thinking or not, it really doesn’t matter. This is how the wealthy think and they must know something we don’t, or they wouldn’t be the rich ones. These are the people who prepare for the unthinkable.

Just read something about those who fled from Germany while Hitler was in charge. The survivors deserted houses, businesses, and paper assets to flee their native country. They walked out on savings and securities accounts because if they would have touched them, then the government would have been in tune to what they were planning to do. What did they take with them? GOLD…as much of it as they could conceivably hoard. Again, gold was not considered an investment, but perceived as a manner in which to shroud their entire lives beyond borders.

This is why owning gold is considered a very wise action towards the safety and security of one’s portfolio. Just be prepared. Stop thinking in the short-term and start thinking about owning some gold bullion that will be there when you need it most.

Purchase Gold Bullion While The Crisis Unfolds

Friday, February 3rd, 2012

Where is the gold market? Why should we continue to purchase gold bullion? The gold market happens to be the scapegoat for larger schemes that are in the process of exposing themselves. Everything is at a very tender state with the devastation of the European banking system being floored by calamitous sovereign debt. Big banks, at this stage, have lost all hope. Their only prospect is to take advantage of the fundamentally unrestrained Dollar Swap Facility, utilizing borrowed money to loan out the yellow precious metal. Borrowers have flocked because of the negative lease rate.

Where has it come from? Apparently, Libya and Greece have graced us with their gold reserves. These crooked bankers call for more and more of the rare metal, thus inducing more armed conflict and, unfortunately, additional innocent scapegoats. Maintaining the gold price in check is what’s driving the nefarious banksters to continue their exploitation just to avoid financial firm breakdown of the Lehman-level within Europe’s borders. Ironically, what’s occurring is that we are being lied to in reference to the price of gold: the paper price, which is governed by the peculiar COMEX market is deviating from the physical gold price, which is established by authentic large private investments.

Just last month, there was candid proof from a global gold trader that, although the gold price was at $1,740, it was being bought for $1,950 per ounce in the private market. That would be a 12% increase. Food for thought.

What about this? The COMEX’s gold stock has been depleted; meeting delivery notices sparked the MF Global event; JPMorgan reacted with the appropriation of the accounts demanding delivery which was supported by the US Government, US regulatory bodies, as well as US law enforcement. Honor has been overpowered by greed.

And what about this? Soon after the MF Global bankruptcy was entered, a huge collection of deliveries in silver was destroyed. If only the vaults could talk! They would probably tell us how JPMorgan transformed what belonged to MF Global clients into JPMorgan licensed depositories.

And this is how it happened: On October 31st, MF Global announced its insolvency and approximately seven days later the CME initiated reports of 1.4 million ounces of registered silver being unaccounted for and not accessible for delivery, including 627,182 ounces from non-cartel banks. Subsequent to that, about a week or so, JPMorgan, quite hastily, revealed a deposit of 613,738 ounces into eligible vaults. Then, allowing a week to go by, they redressed this silver into registered ones.

Before this, JPMorgan had not deposited silver for months, and suddenly they were overwhelmed with the achromatic metal. Innocent until proven guilty…what else do you need?

Hopefully, the US Congress will sort it out…if they can get past their own predicaments.
The outlook is very unfortunate within the global financial/business arena. We anticipate the collapse of key banking institutions, frightening amounts of printed money by the Fed, imminent disappearance issues for private accounts, discrepancy in the gold price that should cease operations in the COMEX overall during a spectacle of lawsuits, but almost certainly, no case will be upheld. And let’s not forget forthcoming national debt defaults. Ahh, the New Year should bring more disorder as well as the decay of the global monetary system.

Oh, gold will rise…but certainly not for the leverage fools who desire the deliberately blemished futures contract showground. Their accounts will most likely vanish into thin air, though. It will be the ones who purchase gold bullion at such low prices and while the crisis is still brewing who will have the last laugh.

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