💰The U.S. government’s deficit is getting higher & higher and has no end in sight, and the Fed just keeps on printing the paper money without much real asset to back it up, it’s almost certain that the dollar will be worth a lot less in the future, how far in the future? we don’t know, but the best way to hedge again the devaluation of paper money is with physical gold & silver.
While it’s great to own gold & silver as a hedge against inflation, do you know that gold & silver owned for more than 1 year is not treated as an investment but rather as “collectibles”? The gain of the precious metal can be taxed as high as 28%! But if you own your gold & silver in your retirement account, the gain will be treated as ordinary income or tax-free if you own them in the Roth retirement account such as the self-directed Roth IRA. And I happened to own one such account for investing gold & silver exclusively.
If you have such a need, I would recommend the trust company I am using: The Entrust Group. You can open a new self-directed IRA or Roth IRA with this company and you can transfer the funds from another IRA account to fund the new account. Please make sure to ask for their recommendation as to which brokerage company to buy gold & silver for your self-directed IRA account. Again, I really recommend the Roth IRA account for tax-free retirement distribution.
Best,
sohosos llc