01FEB2012: The recent uptick in gold and silver prices shouldn’t come as such a big surprise based on the global economic landscape, but for the critic’s gold and silver has been a huge pain in the neck. Many of these critics proclaimed back in August of last year that gold and silver’s stellar eleven year run was over. Instead, gold and silver has continued to prove its resiliency and has become the “currency” of choice for many nations that have lost their allegiance to the US dollar. What this means is the world is slowly migrating away from the US dollar, and in the direction of a more universal and relevant medium for trade and exchange. If the dollar losses its status as the global reserve currency, it becomes weaker making the costs for the most basic goods and services, the necessities we need to survive more expensive. Investing in gold and silver bullion denies access to your money by politicians and Wall Street market makers who need your money to survive, and furthermore denies the slow and systemic confiscation of you guessed it, your money!
Most Americans who have worked hard to accumulate wealth for retirement are under tremendous attack and have little chance of surviving a full blown currency crisis. We are at a crossroads where mathematically we have little (and I man little) chance to even make the interest payments on our national debt unless we continue to inflate. The United States is now officially upside down in debt, which means we are basically insolvent. No one seems to have a plan to balance our national budget and cut spending that is projected to cost taxpayers another trillion dollars in 2012, putting us even deeper in the red. The Obama administration has turned the US economy into a pseudo western European economy, running our national debt from 9 trillion in 2008, to a projected 16 trillion by the time of the elections this fall. Now consider for a moment it took more than 200 years, numerous world wars and 43 presidents to run our national debt to 9 trillion. It has been projected at the current pace our national debt will eclipse 25 trillion by the end of this decade.
In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.
John Kenneth Galbraith
As a Better Business Bureau accredited precious metals dealer, Private Bullion works regularly with investors who want to buy bullion for their Precious Metals IRA, sometimes referred to as a Golden IRA. The increasingly popular Precious Metals IRA (also known as a PM IRA) is an IRS recognized savings method that allows investors to add physical gold or silver bullion to their IRA savings accounts.
Setting up a Precious Metals IRA is simple and requires very little time or effort. Many of these Precious Metals IRA programs are tax-free and tax-deferred and include programs like the Health Savings Account (HSA), which allow you to set aside funds for future health care expenses. Other plans include the Traditional IRA and the Roth IRA, Simple and Sep IRA`s as well as 401K`s. IRS restrictions require that your metals are stored at a federally approved storage facility, which is fully insured.
Contact us for a free personal consultation. This program is safe and gives you advantages other traditional retirement plans do not!
Scott Hage
President
Midwest Bullion Exchange, Inc.
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication
