WEBVTT 00:00:00.000 --> 00:00:02.299 All right. Welcome, everyone, to the deep dive. 00:00:02.819 --> 00:00:05.799 Today, we're taking a close look at gold IRAs. 00:00:05.879 --> 00:00:07.960 Gold IRAs. Yeah. And we're going to be using 00:00:07.960 --> 00:00:11.039 a whole bunch of articles and bulletins and lists 00:00:11.039 --> 00:00:14.560 all from gold IRA companies' bulletin. That's 00:00:14.560 --> 00:00:17.760 right. And we want to explore why someone might 00:00:17.760 --> 00:00:20.440 consider this kind of investment with everything 00:00:20.440 --> 00:00:23.019 else going on. Why gold? Yeah, why gold? And 00:00:23.019 --> 00:00:25.539 then, you know. If you do think it makes sense 00:00:25.539 --> 00:00:27.800 for you, how do you actually pick a company? 00:00:28.140 --> 00:00:31.120 How do you evaluate these companies? And then 00:00:31.120 --> 00:00:34.020 we'll also talk about some of the... the recent 00:00:34.020 --> 00:00:35.859 happenings in the gold and silver markets. Yeah, 00:00:35.859 --> 00:00:37.119 some of the big headlines we've been seeing. 00:00:37.719 --> 00:00:39.899 Exactly. So it's like a crash course on gold 00:00:39.899 --> 00:00:42.960 IRAs. It is. And our mission here is really to, 00:00:42.960 --> 00:00:45.460 well, take all this great info that you've dug 00:00:45.460 --> 00:00:48.560 up and make it digestible for our listeners so 00:00:48.560 --> 00:00:51.240 they can understand how these gold IRAs actually 00:00:51.240 --> 00:00:54.159 work, what to watch out for when choosing a provider, 00:00:54.380 --> 00:00:56.460 all that good stuff. Yeah. And how all this connects 00:00:56.460 --> 00:01:00.020 to the wider picture of the economy and retirement 00:01:00.020 --> 00:01:02.579 planning, which, let's be honest, can feel like 00:01:02.579 --> 00:01:04.670 a pretty pretty complicated landscape right now. 00:01:04.870 --> 00:01:07.370 No kidding. So to kick things off, I guess the 00:01:07.370 --> 00:01:09.310 first big question a lot of folks might have 00:01:09.310 --> 00:01:12.310 is like, why even think about gold? I mean, we've 00:01:12.310 --> 00:01:14.950 got all these fancy digital assets and stocks 00:01:14.950 --> 00:01:17.629 and bonds. Why bring precious metals into the 00:01:17.629 --> 00:01:20.030 mix, especially for retirement? Right, right. 00:01:20.310 --> 00:01:22.890 And the gold IRA companies, Bulletin, they actually 00:01:22.890 --> 00:01:25.329 touch on this. In their retirement planning information, 00:01:25.849 --> 00:01:27.829 they kind of hint that precious metals should 00:01:27.829 --> 00:01:31.510 be part of a well -rounded retirement plan. But 00:01:31.510 --> 00:01:33.489 there's this other bulletin, the power of gold, 00:01:34.209 --> 00:01:36.650 diversification, resilience, and growth. That 00:01:36.650 --> 00:01:39.370 one really gets into the why. OK, so diversification. 00:01:39.709 --> 00:01:41.730 That's a term we hear a lot in investing, right? 00:01:42.069 --> 00:01:44.290 Not putting all your eggs in one basket. Exactly, 00:01:44.650 --> 00:01:47.909 spreading the risk. And gold, historically, it 00:01:47.909 --> 00:01:49.629 doesn't always move in the same direction as, 00:01:49.629 --> 00:01:52.390 say, stocks or bonds. So if those markets take 00:01:52.390 --> 00:01:54.730 a hit, your gold holdings, well, they might just 00:01:54.730 --> 00:01:57.579 hold steady or even go up. potentially protecting 00:01:57.579 --> 00:02:01.359 you from huge losses. Ah, I see. So like a counterbalance 00:02:01.359 --> 00:02:03.319 kind of. Yeah, exactly. It's all about balancing 00:02:03.319 --> 00:02:05.359 things out. And you mentioned resilience, too. 00:02:05.400 --> 00:02:07.060 What does that mean when we're talking about 00:02:07.060 --> 00:02:10.080 gold? Well, think of it as gold's ability to 00:02:10.080 --> 00:02:13.439 kind of ride out economic storms. History shows 00:02:13.439 --> 00:02:16.659 us that during times of, well, uncertainty, instability, 00:02:17.240 --> 00:02:18.900 you know, maybe even worries about inflation, 00:02:19.439 --> 00:02:22.310 gold tends to be seen as a safe haven. People 00:02:22.310 --> 00:02:24.569 flock to it because it's, well, it's something 00:02:24.569 --> 00:02:27.409 tangible that's a store of value, especially 00:02:27.409 --> 00:02:30.650 when other investments feel a bit shaky. Okay, 00:02:30.849 --> 00:02:33.490 that makes sense. So not necessarily about those 00:02:33.490 --> 00:02:35.789 skyrocketing gains, but more about holding its 00:02:35.789 --> 00:02:38.009 value when things get rough. Right, exactly. 00:02:38.250 --> 00:02:40.949 Now, what about that growth part? Does gold actually 00:02:40.949 --> 00:02:43.969 grow in value or is it mainly about staying steady? 00:02:44.280 --> 00:02:46.900 It can definitely grow, but it's not usually 00:02:46.900 --> 00:02:49.780 as dramatic as some, you know, high -flying tech 00:02:49.780 --> 00:02:51.419 stocks or something. It's more of a long -term 00:02:51.419 --> 00:02:55.719 play. As demand increases and supply stays, well, 00:02:55.819 --> 00:02:58.060 limited, that can push the price up over time. 00:02:58.379 --> 00:03:00.439 Right, the classic supply and demand thing. Exactly. 00:03:00.479 --> 00:03:02.159 And then, of course, there's the whole inflation 00:03:02.159 --> 00:03:04.039 hedge idea that the value of the dollar goes 00:03:04.039 --> 00:03:06.240 down while gold can hold its purchasing power 00:03:06.240 --> 00:03:09.080 better. That's a key point, yep. So let's say 00:03:09.080 --> 00:03:12.039 you're thinking, OK, gold might make sense for 00:03:12.039 --> 00:03:15.000 my retirement plan. How do you actually go about 00:03:15.000 --> 00:03:18.259 setting up one of these gold IRAs? I noticed 00:03:18.259 --> 00:03:22.560 gold IRA companies Bulletin has a list of like 00:03:22.560 --> 00:03:24.960 the big players in this space. You do, yeah. 00:03:25.180 --> 00:03:27.259 They put companies like Augusta Precious Metals, 00:03:27.439 --> 00:03:30.300 GoldCo, American Hartford Gold, Advantage Gold, 00:03:30.439 --> 00:03:32.919 and Birch Gold Group right up front. It's like 00:03:32.919 --> 00:03:36.759 their A list. You could say that. And it looks 00:03:36.759 --> 00:03:38.699 like they have these side by side comparisons 00:03:38.699 --> 00:03:40.580 too, which seems pretty helpful if you're trying 00:03:40.580 --> 00:03:43.259 to choose. Super helpful, I would think. I mean, 00:03:43.259 --> 00:03:45.379 these companies aren't all the same, right? There 00:03:45.379 --> 00:03:48.740 are key differences to be aware of. Right, right. 00:03:48.919 --> 00:03:51.599 So what kind of things should people be looking 00:03:51.599 --> 00:03:53.840 at when they're comparing these companies? Well, 00:03:53.840 --> 00:03:56.120 for starters, you want to look at fees. Some 00:03:56.120 --> 00:03:58.199 companies charge more than others, and those 00:03:58.199 --> 00:04:00.319 fees can eat into your returns. And then there's 00:04:00.319 --> 00:04:02.419 their reputation, their track record. Do they 00:04:02.419 --> 00:04:04.740 have good customer service? What do other investors 00:04:04.740 --> 00:04:06.199 say about them? Right, like you don't want to 00:04:06.199 --> 00:04:07.879 end up with a company that's hard to deal with. 00:04:07.979 --> 00:04:11.020 Exactly. And then there's storage, too, right? 00:04:11.340 --> 00:04:14.300 Huge factor. Where do they store your gold? Is 00:04:14.300 --> 00:04:17.439 it secure? Are there multiple options? These 00:04:17.439 --> 00:04:19.779 are important questions. And then, you know, 00:04:19.920 --> 00:04:23.300 some companies might offer a wider range of gold 00:04:23.300 --> 00:04:25.199 and other precious metals to choose from. So 00:04:25.199 --> 00:04:26.579 you want to see if they have what you're looking 00:04:26.579 --> 00:04:29.079 for. Exactly. It's not a one size fits all situation. 00:04:29.560 --> 00:04:31.939 So lots to consider when you're picking a company. 00:04:32.139 --> 00:04:34.100 Definitely want to do your homework. Definitely. 00:04:34.259 --> 00:04:36.579 Yeah. Now, once you've picked a company, what 00:04:36.579 --> 00:04:38.980 are the like the first steps to actually setting 00:04:38.980 --> 00:04:41.860 up the gold IRA? Well, there's an article How 00:04:41.860 --> 00:04:44.079 do you start a gold IRA that probably has all 00:04:44.079 --> 00:04:46.939 the details? But the gist of it is you usually 00:04:46.939 --> 00:04:50.180 start by opening a self -directed IRA. Self -directed, 00:04:50.300 --> 00:04:52.279 huh? Yeah, that's key. It's different from a 00:04:52.279 --> 00:04:54.720 regular IRA where you're kind of limited to stocks 00:04:54.720 --> 00:04:58.060 and mutual funds. A self -directed IRA, it gives 00:04:58.060 --> 00:05:00.680 you more flexibility. You hold things like precious 00:05:00.680 --> 00:05:03.699 metals, real estate, even certain types of private 00:05:03.699 --> 00:05:06.000 equity. Ah, so that's how you get the gold into 00:05:06.000 --> 00:05:08.540 the IRA. Exactly. But I'm guessing it's not as 00:05:08.540 --> 00:05:10.879 simple as just like... taking cash out of your 00:05:10.879 --> 00:05:13.399 bank account and buying some gold coins. No, 00:05:13.399 --> 00:05:15.639 not quite. Usually you fund this account with 00:05:15.639 --> 00:05:18.139 a rollover or a transfer from an existing retirement 00:05:18.139 --> 00:05:21.279 account, like a 401k or a traditional IRA. OK, 00:05:21.319 --> 00:05:24.240 so like moving money around within your retirement 00:05:24.240 --> 00:05:26.680 savings, but keeping it all within those IRA 00:05:26.680 --> 00:05:29.579 rules. Exactly. That way you can avoid any immediate 00:05:29.579 --> 00:05:31.560 tax penalties, you know, as long as it's all 00:05:31.560 --> 00:05:33.740 done correctly. Makes sense. Oh, and I noticed 00:05:33.740 --> 00:05:36.680 another article here. Gold IRA companies versus 00:05:36.680 --> 00:05:40.870 gold IRA custodians. They're different roles. 00:05:41.069 --> 00:05:43.350 That sounds important. Like what's the difference 00:05:43.350 --> 00:05:45.670 between the company and the custodian? Big difference 00:05:45.670 --> 00:05:48.589 actually the gold IRA company. They're more like 00:05:48.589 --> 00:05:51.129 a facilitator They help you with the paperwork 00:05:51.129 --> 00:05:53.470 guide you and choosing with specific precious 00:05:53.470 --> 00:05:56.269 metals to buy that kind of thing They also coordinate 00:05:56.269 --> 00:05:59.389 the whole purchase and transfer process But the 00:05:59.389 --> 00:06:01.930 custodian they're a separate IRS approved financial 00:06:01.930 --> 00:06:04.269 institution and they're the ones who actually 00:06:04.269 --> 00:06:07.110 hold and manage the assets in your IRA Oh, I 00:06:07.110 --> 00:06:08.829 see. So it's like a checks and balances kind 00:06:08.829 --> 00:06:10.970 of thing. The company that sells you the gold 00:06:10.970 --> 00:06:13.389 isn't the same one responsible for storing it. 00:06:13.730 --> 00:06:16.569 Exactly. Separation of powers, if you will, makes 00:06:16.569 --> 00:06:19.389 things more secure and more regulated. Right. 00:06:19.529 --> 00:06:22.449 Makes sense. So the company helps you get set 00:06:22.449 --> 00:06:25.149 up and the custodian is like the guardian of 00:06:25.149 --> 00:06:27.970 your gold. Precisely. Now, speaking of rules 00:06:27.970 --> 00:06:30.769 and regulations, there's a whole section on gold 00:06:30.769 --> 00:06:34.050 IRA tax rules and regulations. That's probably 00:06:34.050 --> 00:06:35.649 not the most exciting part, but I'm guessing 00:06:35.649 --> 00:06:38.370 it's pretty important. Oh, it's crucial. Taxes 00:06:38.370 --> 00:06:41.970 can make or break any investment, and gold IRAs 00:06:41.970 --> 00:06:44.889 are no exception. Right. For example, contributions 00:06:44.889 --> 00:06:47.769 to a traditional gold IRA might be tax deductible, 00:06:47.970 --> 00:06:50.970 meaning you could lower your tax bill now, and 00:06:50.970 --> 00:06:53.990 any gains your gold makes inside the IRA, well, 00:06:53.990 --> 00:06:56.189 those aren't taxed each year. They grow tax -deferred. 00:06:56.449 --> 00:06:58.029 So you're not losing a chunk of your profits 00:06:58.029 --> 00:07:00.910 to taxes every year? Exactly. You only pay taxes 00:07:00.910 --> 00:07:03.029 when you withdraw the money in retirement. Ah, 00:07:03.290 --> 00:07:05.470 okay. That makes sense. And then those withdrawals 00:07:05.470 --> 00:07:08.009 are usually taxed as ordinary income. So, yeah, 00:07:08.250 --> 00:07:10.009 you definitely want to understand all these details 00:07:10.009 --> 00:07:12.850 up front to avoid any surprises come tax time. 00:07:13.000 --> 00:07:15.839 For sure, for sure. There's also some stuff here 00:07:15.839 --> 00:07:19.360 about gold IRA rollover topics and gold IRA storage 00:07:19.360 --> 00:07:21.939 topics, so moving money around and actually storing 00:07:21.939 --> 00:07:24.860 the physical gold. Yeah, two very important pieces 00:07:24.860 --> 00:07:27.139 of the puzzle. Rollovers, I'm guessing those 00:07:27.139 --> 00:07:30.519 need to be done in a very specific way to avoid... 00:07:30.399 --> 00:07:33.060 you know, messing up your taxes. Exactly. The 00:07:33.060 --> 00:07:36.019 IRS has strict rules about rollovers. They're 00:07:36.019 --> 00:07:38.819 different types, direct rollovers, indirect rollovers, 00:07:39.100 --> 00:07:41.620 and each has its own set of guidelines. You want 00:07:41.620 --> 00:07:43.300 to make sure you're following the right procedures 00:07:43.300 --> 00:07:45.939 to avoid penalties. Right, right. And storage, 00:07:46.100 --> 00:07:48.000 I'm assuming I can't just stash my gold bars 00:07:48.000 --> 00:07:50.220 under the mattress. Nope, not for a gold IRA. 00:07:50.360 --> 00:07:53.180 The IRS has specific rules about where those 00:07:53.180 --> 00:07:55.740 precious metals need to be held. Usually it has 00:07:55.740 --> 00:07:58.800 to be an approved third party depository. you 00:07:58.800 --> 00:08:00.720 know, a place that specializes in storing precious 00:08:00.720 --> 00:08:04.139 metals securely. Ah, so it's not like a do -it 00:08:04.139 --> 00:08:06.480 -yourself kind of situation. Not really, no. 00:08:06.779 --> 00:08:09.220 Okay, we've talked about the why of gold IRAs 00:08:09.220 --> 00:08:12.060 and the how. Let's get into some of these recent 00:08:12.060 --> 00:08:14.639 market developments, these latest gold -silver 00:08:14.639 --> 00:08:17.060 bulletins. Some of these headlines are pretty 00:08:17.060 --> 00:08:19.060 eye -catching. Oh, yeah, they definitely grab 00:08:19.060 --> 00:08:21.920 your attention. Like this one. Gold prices anticipated 00:08:21.920 --> 00:08:25.600 to soar in 2025, surpassing 3 ,000 officers. 00:08:25.699 --> 00:08:28.980 That would be a huge jump. It would be. But remember, 00:08:29.199 --> 00:08:31.819 this is just a forecast, right? Predictions can 00:08:31.819 --> 00:08:34.019 be wrong. Of course, of course. But they're saying 00:08:34.019 --> 00:08:35.820 there are a bunch of factors that could push 00:08:35.820 --> 00:08:38.860 gold prices way up in the next year. Hmm, interesting. 00:08:39.340 --> 00:08:41.639 And it's not just gold making headlines. There's 00:08:41.639 --> 00:08:45.259 another one that says 2025 is silver set to outshine 00:08:45.259 --> 00:08:47.899 gold in the precious metals market. That one 00:08:47.899 --> 00:08:50.809 caught my eye too. Silver usually follows gold, 00:08:51.230 --> 00:08:53.450 but it's also used in a lot of industries, which 00:08:53.450 --> 00:08:55.950 can impact its price differently. Right, so different 00:08:55.950 --> 00:08:58.250 factors at play. Exactly. And then we get into 00:08:58.250 --> 00:09:01.610 some bigger picture stuff. U .S. administration 00:09:01.610 --> 00:09:04.870 considers repricing gold, potential global market 00:09:04.870 --> 00:09:07.590 disruption ahead. That sounds kind of serious. 00:09:07.710 --> 00:09:09.309 It does, right? I mean, governments don't often 00:09:09.309 --> 00:09:11.149 mess with the price of gold. Right, so if they 00:09:11.149 --> 00:09:13.509 did, that could shake things up. Big time. And 00:09:13.509 --> 00:09:16.350 the last one here. Gold and silver break free. 00:09:16.850 --> 00:09:19.620 The end of suppression. What's that all about? 00:09:19.940 --> 00:09:21.840 Well, there's this theory that the prices of 00:09:21.840 --> 00:09:24.220 gold and silver have been held down artificially. 00:09:24.779 --> 00:09:26.879 This bulletin seems to suggest that those forces 00:09:26.879 --> 00:09:30.179 might be weakening, allowing prices to rise more 00:09:30.179 --> 00:09:33.759 freely. Hmm. Interesting. So, yeah, lots happening 00:09:33.759 --> 00:09:35.759 in the gold and silver markets. Seems like a 00:09:35.759 --> 00:09:38.620 pretty dynamic landscape. Definitely is. Now, 00:09:38.620 --> 00:09:40.980 let's zoom out a bit and talk about the bigger 00:09:40.980 --> 00:09:43.960 picture, the whole economic context, especially 00:09:43.960 --> 00:09:47.139 as it relates to retirement, because, you know, 00:09:47.340 --> 00:09:50.279 Goal Diary Company's bulletin also covers that. 00:09:50.460 --> 00:09:52.700 Yeah, they do. And there's this headline that 00:09:52.700 --> 00:09:55.120 caught my attention. The vanishing promise of 00:09:55.120 --> 00:09:59.159 pension plans. That's kind of ominous, especially 00:09:59.159 --> 00:10:02.299 for folks nearing retirement. It is concerning. 00:10:02.419 --> 00:10:04.480 You know, those traditional pension plans where 00:10:04.480 --> 00:10:06.419 your employer guarantees you a certain income 00:10:06.419 --> 00:10:08.379 in retirement, you're becoming less and less 00:10:08.379 --> 00:10:11.029 common. Yeah. Yeah. So people are having to take 00:10:11.029 --> 00:10:13.029 more responsibility for their own retirement 00:10:13.029 --> 00:10:15.429 savings, which could be one reason why things 00:10:15.429 --> 00:10:17.809 like gold IRAs are getting more attention. Right. 00:10:17.870 --> 00:10:19.990 Because it's like, if you can't rely on a pension, 00:10:20.190 --> 00:10:22.269 you got to find other ways to secure your future. 00:10:22.480 --> 00:10:24.200 And then there's a whole bunch of stuff about 00:10:24.200 --> 00:10:27.519 taxes and the economy. Headlines like Trump's 00:10:27.519 --> 00:10:30.399 tax priorities, major cuts and loophole closures, 00:10:30.779 --> 00:10:35.720 2025 tax updates, 401k, IRA, HSA rules revealed, 00:10:36.159 --> 00:10:39.500 Trump's tax agenda. How will your taxes change? 00:10:39.620 --> 00:10:41.480 Yeah, a lot of potential changes on the horizon. 00:10:41.600 --> 00:10:44.059 Yeah, it seems like the whole tax landscape could 00:10:44.059 --> 00:10:46.159 be shifting and that could have a big impact 00:10:46.159 --> 00:10:48.259 on how people save for retirement. Absolutely. 00:10:48.379 --> 00:10:52.799 Any changes to 401ks, IRAs, HSA? all those things. 00:10:53.179 --> 00:10:55.299 People need to pay attention. And it's not just 00:10:55.299 --> 00:10:58.000 about taxes either. There's a bulletin here. 00:10:58.399 --> 00:11:01.279 Middle -class Americans facing endless work as 00:11:01.279 --> 00:11:04.120 retirement plan. That's kind of a sobering thought. 00:11:04.360 --> 00:11:06.059 It is. It's highlighting the reality for a lot 00:11:06.059 --> 00:11:08.360 of people. They're struggling to save enough 00:11:08.360 --> 00:11:10.659 to retire comfortably, and some feel like they'll 00:11:10.659 --> 00:11:12.440 have to keep working forever. Yeah, and that 00:11:12.440 --> 00:11:14.100 kind of pressure, it makes you look for different 00:11:14.100 --> 00:11:16.220 options, maybe something like a gold IRA. It 00:11:16.220 --> 00:11:18.080 could, yeah. There's also a bulletin that says, 00:11:18.080 --> 00:11:20.679 commodities rise, a game changer for portfolio 00:11:20.679 --> 00:11:22.659 diversification. And gold and silver, they're 00:11:22.659 --> 00:11:25.029 commodities, right? They are. So if commodities 00:11:25.029 --> 00:11:27.049 in general are on the rise, that could make a 00:11:27.049 --> 00:11:29.549 stronger case for including precious metals in 00:11:29.549 --> 00:11:32.210 your portfolio. Yeah. You know, as a way to diversify 00:11:32.210 --> 00:11:34.570 beyond traditional stocks and bonds. Right, right. 00:11:34.970 --> 00:11:37.049 Now, some of these other headlines paint a bit 00:11:37.049 --> 00:11:42.190 of a less optimistic picture like this one. Economy 00:11:42.190 --> 00:11:45.840 at risk. GDP now forecasts first contractions 00:11:45.840 --> 00:11:49.679 since 2022. Yeah, that's not great news. A shrinking 00:11:49.679 --> 00:11:52.259 GDP usually means the economy is slowing down, 00:11:52.279 --> 00:11:54.320 which can have ripple effects on investments 00:11:54.320 --> 00:11:57.000 and retirement savings. It has a layer of uncertainty 00:11:57.000 --> 00:11:59.259 to the whole outlook. Right. And then we have 00:11:59.259 --> 00:12:01.840 debt ceiling. U .S. government nears unprecedented 00:12:01.840 --> 00:12:04.580 default risk. And is America on the brink of 00:12:04.580 --> 00:12:08.379 a debt crisis in 2025? Those sound pretty serious. 00:12:08.419 --> 00:12:10.789 They do. These are potential systemic risks we're 00:12:10.789 --> 00:12:13.269 talking about. Concerns about national debt and 00:12:13.269 --> 00:12:15.269 the possibility of the government defaulting. 00:12:15.389 --> 00:12:17.450 That can create huge volatility in the markets. 00:12:17.649 --> 00:12:19.570 And in times like that, safe haven assets like 00:12:19.570 --> 00:12:21.250 gold, it doesn't look more appealing to some 00:12:21.250 --> 00:12:23.909 investors. It's about protecting what you have. 00:12:24.070 --> 00:12:26.809 Yeah, when things feel risky, people want stability. 00:12:27.190 --> 00:12:30.909 There's also 2025 economic outlook, more of the 00:12:30.909 --> 00:12:34.190 same or new opportunities. That feels like a 00:12:34.190 --> 00:12:36.429 big question mark hanging over everything. It 00:12:36.429 --> 00:12:38.750 does. there's a lot of uncertainty about what 00:12:38.750 --> 00:12:40.629 the next year will bring, both good and bad. 00:12:41.090 --> 00:12:43.470 And that uncertainty, it definitely influences 00:12:43.470 --> 00:12:45.629 how people make decisions about their investments 00:12:45.629 --> 00:12:48.269 in retirement planning. For sure. And lastly, 00:12:48.450 --> 00:12:51.809 we have Federal Reserve's playbook, Cutting Rates 00:12:51.809 --> 00:12:53.929 and Inflationary Tendencies. So the Fed's trying 00:12:53.929 --> 00:12:56.289 to balance things out. Yeah, trying to walk that 00:12:56.289 --> 00:12:59.190 tightrope. Their actions on interest rates and 00:12:59.190 --> 00:13:01.730 inflation, those can have a big impact on the 00:13:01.730 --> 00:13:04.029 value of, well, pretty much everything, including 00:13:04.029 --> 00:13:07.169 precious metals. If interest rates go down, gold 00:13:07.169 --> 00:13:09.470 can sometimes become more attractive compared 00:13:09.470 --> 00:13:12.009 to investments that pay interest. Right, because 00:13:12.009 --> 00:13:14.590 it's like, why settle for a tiny bit of interest 00:13:14.590 --> 00:13:16.850 when you could potentially see bigger gains in 00:13:16.850 --> 00:13:18.889 gold? That's the thinking, yeah. So it seems 00:13:18.889 --> 00:13:20.710 like there's a whole confluence of factors, you 00:13:20.710 --> 00:13:23.250 know, worries about retirement security, possible 00:13:23.250 --> 00:13:26.590 tax changes, uncertain economic picture, and 00:13:26.590 --> 00:13:28.669 then the Fed doing its thing. All of this could 00:13:28.669 --> 00:13:31.110 be contributing to the interest in gold IRAs. 00:13:31.250 --> 00:13:33.230 I think so, yeah. Now, we've got to be realistic, 00:13:33.370 --> 00:13:36.080 right? Every investment has risks. What about 00:13:36.080 --> 00:13:39.320 the risks of investing in gold? Gold IRA company's 00:13:39.320 --> 00:13:41.320 bulletin does touch on that, I think. They do. 00:13:41.440 --> 00:13:43.639 Yeah. There's an article called What are the 00:13:43.639 --> 00:13:46.899 risks involved in gold investment? It probably 00:13:46.899 --> 00:13:49.879 lays out the potential downsides. OK, like what 00:13:49.879 --> 00:13:52.240 what kind of risks are we talking about? Well, 00:13:52.500 --> 00:13:54.820 like any investment, gold's price can go up and 00:13:54.820 --> 00:13:57.179 down. It can be volatile, affected by market 00:13:57.179 --> 00:14:00.179 sentiment, interest rates, global events. There's 00:14:00.179 --> 00:14:02.539 no guarantee it'll always go up. Right, right. 00:14:02.720 --> 00:14:05.299 Never a sure thing. And then, you know, with 00:14:05.299 --> 00:14:07.019 any investment that gets popular, there are always 00:14:07.019 --> 00:14:09.259 scammers looking to take advantage. So there's 00:14:09.259 --> 00:14:12.779 an article. How can I avoid gold investment scams? 00:14:13.379 --> 00:14:15.399 That's definitely worth a read. Oh, yeah, for 00:14:15.399 --> 00:14:17.980 sure. You got to be careful out there. You do. 00:14:18.379 --> 00:14:20.580 What about like just general mistakes people 00:14:20.580 --> 00:14:23.639 make when investing in gold? I see a topic called 00:14:23.639 --> 00:14:26.590 gold investing mistakes to avoid. Yeah, those 00:14:26.590 --> 00:14:28.909 are common, too. People might not fully understand 00:14:28.909 --> 00:14:31.230 the tax rules, or they might choose the wrong 00:14:31.230 --> 00:14:35.470 types of gold or silver for their IRA. Or maybe 00:14:35.470 --> 00:14:37.110 they don't think about the storage requirements 00:14:37.110 --> 00:14:39.289 carefully. Right. So it's like, do your homework, 00:14:39.549 --> 00:14:42.289 know what you're getting into. Exactly. Knowledge 00:14:42.289 --> 00:14:45.529 is power, as they say. Now, we've mainly focused 00:14:45.529 --> 00:14:49.389 on gold, but gold IRA company's Bulletin also 00:14:49.389 --> 00:14:52.909 mentions silver. Specifically, can I include 00:14:52.909 --> 00:14:55.610 silver in my retirement account? You absolutely 00:14:55.610 --> 00:14:58.490 can. Along with gold, platinum, and palladium, 00:14:58.870 --> 00:15:00.690 those are the usual precious metals that are 00:15:00.690 --> 00:15:03.570 eligible for a gold IRA. So it's not just gold 00:15:03.570 --> 00:15:06.370 only. Nope. And there's an article here. Benefits 00:15:06.370 --> 00:15:09.429 of investing in silver. Key advantages and strategies. 00:15:10.309 --> 00:15:13.809 So what might make someone choose silver instead 00:15:13.809 --> 00:15:16.009 of gold or maybe in addition to gold? Well, silver 00:15:16.009 --> 00:15:19.009 is usually cheaper per ounce than gold. So it 00:15:19.009 --> 00:15:20.929 can be easier to get started with. Plus, it's 00:15:20.929 --> 00:15:23.090 used in a lot of industries. So its price can 00:15:23.090 --> 00:15:24.769 be influenced by different factors than gold. 00:15:25.029 --> 00:15:26.990 Right. So it might offer a different kind of 00:15:26.990 --> 00:15:29.870 diversification. So to wrap things up, we've 00:15:29.870 --> 00:15:32.509 really gone deep into this world of gold IRAs 00:15:32.509 --> 00:15:35.690 today using all this great information from gold 00:15:35.690 --> 00:15:38.490 IRA companies bulletin. We've talked about why 00:15:38.490 --> 00:15:40.529 someone might consider this type of investment, 00:15:40.610 --> 00:15:42.970 you know, the whole diversification and hedging 00:15:42.970 --> 00:15:45.750 against uncertainty angle. We've looked at some 00:15:45.750 --> 00:15:47.830 of the top companies in the space, talked about 00:15:47.830 --> 00:15:50.429 how to actually choose a company and then walk 00:15:50.429 --> 00:15:52.389 through the process of setting up a gold IRA, 00:15:52.830 --> 00:15:55.789 including the tax rules and storage. And we've 00:15:55.789 --> 00:15:58.009 also touched on some of those recent marks. developments, 00:15:58.450 --> 00:16:00.950 the potential for big moves in gold and silver 00:16:00.950 --> 00:16:03.830 prices, and then of course we zoomed out to look 00:16:03.830 --> 00:16:06.750 at the bigger economic picture, all those factors 00:16:06.750 --> 00:16:08.769 that could be influencing people's decisions 00:16:08.769 --> 00:16:11.230 about retirement planning. Oh and we talked about 00:16:11.230 --> 00:16:13.710 the risks too, the importance of being aware 00:16:13.710 --> 00:16:15.669 of those and protecting yourself. Yeah it's been 00:16:15.669 --> 00:16:18.669 a pretty comprehensive deep dive. It has. So 00:16:18.669 --> 00:16:20.970 hopefully our listeners have a good foundational 00:16:20.970 --> 00:16:23.669 understanding now of gold IRAs. I hope so, yeah. 00:16:23.850 --> 00:16:26.289 And now here's a final thought to leave you with. 00:16:26.519 --> 00:16:28.820 Thinking about all the economic factors we've 00:16:28.820 --> 00:16:31.100 discussed and the potential role of precious 00:16:31.100 --> 00:16:34.299 metals, well, what are your biggest questions 00:16:34.299 --> 00:16:37.220 about securing your financial future? And what 00:16:37.220 --> 00:16:39.340 other research might you want to do based on 00:16:39.340 --> 00:16:41.500 what we've talked about today? That's a great 00:16:41.500 --> 00:16:43.480 question to ponder. Thanks for joining us for 00:16:43.480 --> 00:16:45.299 the Deep Dive. It's been a pleasure. And we'll 00:16:45.299 --> 00:16:46.360 see you next time. See you then.