Tag: gold investment
Why You Shouldn’t Buy Physical Gold And Silver
Jason 0 Comments Retire Wealthy Retirement Planning
– And what I found out was
that the gold and metal shop that I bought this bar from,
they knew what this was. They knew it was worth less,
but because I was in there asking questions, trying to
learn, trying to get educated by people who I thought were
experts that were on my side, well, they basically took advantage of me. Hey, welcome back, it's Nolan Matthias. And today I'm going to tell
you about the stupidest and probably the coolest
investment I ever made. But before we get into
it, do me that favor, hit that subscribe button,
hit that notification button and please hit that like button so more people like you can see this video.
Okay, so let's get into it. What is the stupidest
investment that I've ever made? And quite frankly, also the
coolest investment I ever made. Well, it's this. It's buying physical gold and silver. This is honestly one
of the coolest things, being able to sit here and hold basically in this pile alone,
$5,000 worth of silver, and having a little bit of
gold kicking around as well. This is really cool. And this is an investment that
started for me back in 2014 as silver prices were starting
to come down as the fear from the financial crisis
was coming out of the market and as there was starting to become more and more deals on buying
physical silver and gold. And this was nothing that I ever expected that I would invest in myself,
but it came about as a result of an investment newsletter
that I was subscribed to that was all based around value investing.
And value investing is the type of investing that Warren Buffet does. So finding companies that are worth a lot that are undervalued
and investing in those. And that investment strategy
is where the similarities to Warren Buffet ended
because they also got into the piece about
having precious metals as a hedge against inflation
and currency devaluation and also holding it physically rather than in certificates or in ETFs, so that if anything ever
happened in a country that you lived in and
you wanted to bug out to a different country,
much like the Jewish people had to do in Nazi Germany
during the World War II, well, physical gold and silver was
the best means of doing that. Now physical gold may
have been a good means of being able to transport
money over borders, which by the way, I'm not recommending, but physical silver certainly isn't.
You know, this is about $5,000 worth of physical silver and
it is heavy as hell. I think there's about 160 ounces here. So about 10 pounds. I wouldn't want to be
carrying this on an airplane to go to Europe or some
other country right now. But it was interesting
because that value investing newsletter got me hooked on what's called stacking in the gold and silver world. And stacking is exactly
what it sounds like.
It's taking physical gold and silver and collecting as much as you can of it over a certain amount of years, and basically creating a
hedge against inflation and currency devaluation as a
result of having physical metal. And this is something
that is just absolutely unnecessary as far as I'm concerned. It's something that I did for a while. It was fun, but there are far better ways for me to invest in silver and gold.
And that is by using my BMO Investorline or my Questrade account in
order to purchase mining companies, or if I really, really want to, certificates in physical gold and silver. But you know, it was interesting because this investment was
definitely an investment I learned a lot about because one, you learn how the system works. Obviously, people who are
buying gold are paying less for it than the people
who are selling gold because typically you
have to sell to dealers and they're obviously
getting a better deal from you than you're getting from them.
The other thing I realized
was that there's a lot to know about buying physical gold and silver, and it's really easy to get screwed. And I'll use this bar as
an example because this is the very first bar of
silver that I ever bought. It's a 10 ounce NTR metals bar. I bought it from the exact same company that I bought this bar from, which is a sunshine 10 ounce silver bar. I paid about $2 difference between this bar and this bar. This one I think I paid about $245 for, this one about $247 for,
and again, bought them from the exact same gold and silver shop. And I paid pretty much the same price. And what was interesting
was a few years later when I went to sell this
bar, the NTR bar, back to that same golden silver
shop, they basically told me that it was worth 15% less than this one.
So in today's terms, this
bar is worth about $330. This one is worth $280. So there's about a 15% or a $50 difference between these two bars even though they're supposed to be
exactly the same thing. And what I found out was
that the gold and metal shop that I bought this bar from
they knew what this was. They knew it was worth less,
but because I was in there asking questions, trying to
learn, trying to get educated by people who I thought were
experts that were on my side, well, they basically took advantage of me.
And they had these two bars
sitting beside each other, and instead of picking up this
one, they picked up this one, handed it to me and
charged me significantly more than what it was worth. And what I realized was
that when you're dealing in gold and silver, the
margins are so freaking thin that the companies that
do business in this realm are basically incentivized
to screw you if they can. And I've heard lots of stories now of people buying fake
gold and silver thinking that what they were getting was real and ultimately getting stuff
that absolutely was not. So this is definitely a situation
where it's buyer beware.
Now as an alternative, I
could have bought the exact same amount of silver
that I own right here. I could have bought it in
my BMO Investorline account in a certificate, or I
could have been an ETF and I could have been a 100% certain that the silver I was buying
was real because an expert on the other side was
taking care of making sure that it was real and that
I wasn't gonna lose 15% of my investment just
because I was an idiot. The other thing that I
realized about this product was I have to physically
store this in a bank safety deposit box, or
I have to take the risk of storing it at home,
having extra insurance and risking having a fire
or it getting stolen. And that all sucks. And that all adds to the cost
of owning this investment.
And at the end of the day,
there was a whole bunch of reasons why they suggested
physical silver or gold. First was that it was cool. The second was that if you
ever needed to leave a country and go to a different country
with it, you could basically hide it and smuggle it
into another country. Again, I don't endorse that,
but that was a big reason. And in 2020, that reason is nowhere close to as valid as it was in
2014 because in today's day and age, if I wanted to
go to a different country and take over $10,000 with
me, which is the amount that you legally have to declare, by the way, I don't suggest doing that, but let's say it was 1945
Nazi, Germany, and I needed to get out of the country
with a bunch of money, well, I'm not doing it with a
bunch of gold coins anymore.
I'm probably taking a USB
drive that has Bitcoin or some other cryptocurrency on it. So, you know, all the reasons
for holding this stuff basically don't make any sense. And the only reason that
somebody really becomes a stacker in today's day and age, in my opinion, is if they are conspiracy
theorists, if they think that this is better than
cash or better than holding an investment in a online
investment portfolio. And therefore, you know, they think that the world one day will come to an end and this is what's going
to be able to save them. And you know what? I don't think that this is
what's going to save somebody from basically not having any money or having any sort of
ability to buy things if the economy goes to, you
know, hell in a hand basket.
So, you know, this was a fun investment for basically seven years. It was an interesting
investment for seven years. It's one that I definitely
wouldn't make again. All of this stuff, all this
gold and silver is going to be gone by the time
that you watch this video except for this bar, this NTR bar. I might keep this just as
a reminder to myself of why you shouldn't invest in things
that you don't understand. And, you know, for the most part, my time with this was nice. It's cool. It's nice to show to people. It was nice to cut out single
bars and give them to families when they have their
first child and just say, hey, here you go, this is
a little present from me. But this stuff, it's all got to go. Now, in comparison to this you'll also see that there's another
pile of stuff over here. This is all things that my grandparents and my parents collected.
This all has sentimental value. This isn't going anywhere. That's going straight back
in the safety deposit box because this sort of thing is really cool. And where I would spend a little bit of money going forward in coins and precious metals is in
things that got discontinued. So things like old Canadian
money, $20 bills, $10 bills, things like pennies, things like nickels when they eventually stop making those. I think they're all cool investments. And it's cool to have things
that have sentimental value. Things like this. This is four three pence coins
that were given to my mum, when no, sorry, they were given to my grandmother when my mum was born. One of these goes back to 1916. There's a whole bunch of silver dollars that my grandfather collected. There's a whole bunch of
Montreal silver coins. You know real nickel
nickels and series of coins. Like these are all wrapped up. I've never opened them. I don't even know what
they are but they appear to be some sort of a
Canadian series of coins. Like penny, nickel,
quarter, all that stuff.
So things like this that
have sentimental value, coins, stuff like that, I don't think anything like this should ever be sold. There's probably just as much value if not more value here
as there is in this pile but this sort of thing,
gold bar, silver bars, this is an unnecessary investment. It's like I said, one of
the stupidest investments I've ever made and one that
I'm glad to be divesting myself of, and ultimately I get
a little bit of return from. So, if you found this video
interesting, if you found my story about my stupidest
investment I ever made interesting, do me that favor,
hit that subscribe button, hit that notification bell,
please hit that like button so more people like you can see this video and we'll see you on the very next one. Cheers..
Are Gold IRA Investments Taxable?
Jason 0 Comments Retire Wealthy Retirement Planning
Are gold IRA investments taxable?
No! Thankfully, when you use a self-directed IRA to buy gold, so long as you're holding
it at a US depository, when you sell the gold, all gains will
flow back to your IRA with no tax. In addition to diversification,
the advantage of generating tax-free returns from your gold IRA investment
is what makes it so popular.
Best 401K To Physical Gold IRA Rollover Benefits Review
Jason 0 Comments Retire Wealthy Retirement Planning
Best 401K To Physical Gold IRA Rollover Benefits
Review A 401K plan provides a simple vehicle for
company employees to save a portion of their earnings. Additionally, many 401K plans are qualified
for a firm "match" up to a predetermined amount and/or percentage. These plans can be an extremely convenient
way for workers to spend less on a regular, ongoing basis. 401K plans, however, may be somewhat constrained
in the investment options available. Many investors these days are searching for
added diversification and reassurance. In an ever changing world using geopolitical,
money, stock market and inflation risks, among others, many investors are searching for ways
to own physical precious metals, such as gold or silver. This short guide will outline how a 401K application
from a former employer could be rolled over into a gold or silver IRA. What's a 401K Plan? A 401K plan is a qualified, tax-deferred account
that's defined in subsection 401K of the Internal Revenue Code.
In a 401K plan, employees are allowed to contribute
a defined part of the earnings over a pre-tax basis to their accounts. These earnings are pulled from the employees
pay prior to taxation, and tax on the earnings will be deferred until retirement withdrawals
are made. In addition, employers may contribute to the
workers plan in the form of a business match. The company match can fluctuate, and a percentage
match up to a predetermined percentage is common. These plans do have annual contribution limits. Moreover, you may make only one rollover from
an IRA to a different (or the same) IRA in any 12-month period, regardless of the amount
of IRAs you own. A 401K plan includes numerous potential benefits. Some of these benefits might include: Automated
Savings, Company Match, Tax-Deferred Expansion, Skill To Borrow From – Under Specific Circumstances,
Various Investment Options, Convenience While investment choices inside a 401K plan
may be restricted, many plans offer you numerous ways to commit money within the account. Given multiple options within a fund, an individual
could be able to market their 401K holdings. In addition, account holders may move money
between funds as time moves or market conditions vary.
A business match on donations can be a huge
perk for many employees. Many companies no longer offer pensions for
their workers, but now rather offer some form of business match on capital the employee
prospects. These matching funds can accumulate quickly
and will help one reach their retirement goals faster. Company matches on capital may fluctuate,
in addition to the amount of time until those funds are deemed vested. One has the ability to borrow funds from their
401K account under many programs and under certain circumstances. These conditions may include buying a home,
education or healthcare expenses or economic hardship. Such loans should generally be paid back within
five years, and the interest that you pay on the loan goes right back into your own
account. It is important to note, nevertheless, that
should you depart the company with a 401K loan outstanding, he or she will have a limited
quantity of time to repay the loan. If this doesn't happen, they may be liable
for taxes on the capital, in addition to premature withdrawal penalties if under the age of 59
1/2.
Can I Have Physical Gold in a Typical 401K? While 401K plans may provide several choices
for investments, the total amount of asset classes available to invest in may be limited. Standard 401K plans do not have the option
of physical gold or silver possession. The nearest one can come would be owning precious
metals funds, gold or silver mining stocks or other similar paper goods. Of course, lots of buyers of physical precious
metals desire to own the physical, tangible metals for their inherent advantages. While specific circumstances may allow for
physical metals ownership inside a 401K, like in a self-directed 401K, most people with
a regular 401K account may need to try to find other alternatives in order to own physical
gold or silver. This is the point where a gold or silver 401K
rollover may come into play. A gold or silver IRA rollover is simply the
moving, or"rolling over" of a 401K account from a former employer into a precious metals
IRA accounts . There are several issues worth noting and exploring about this possible option: If you're still used by the company that sponsors
your 401K plan, you will likely not have the ability to roll over funds to a gold or silver
backed IRA.
There may, however, be exceptions. It is best to consult your plan sponsor. One can also possibly keep his or her present
401K plan and buy physical gold or silver via another, self-directed IRA account. 401K accounts from previous employers can
be rolled over into real life gold or silver IRA accounts, a new 401K plan with a current
employer, or might be cashed out. Cashing out, however, can involve tax obligations
and penalties and must be very carefully considered.
The practice of rolling over an old 401K account
into a gold or silver IRA is relatively simple and can be accomplished in a brief time period. In a nutshell, the Procedure goes like this: Select a self-directed IRA custodian. Regal Assets is our favorite custodian. Complete all essential paperwork to complete
the transfer of funds from the old 401K into a searchable IRA account. Once the IRA custodian has received all essential
paperwork and money, you may shop various gold and silver retailers for the goods you
wish to purchase.
Once you've decided on a buy and secured in
a price with all the precious metals dealer, the dealer will bill your IRA custodian for
payment. Your IRA custodian will supply you with frequent
account statements on your gold or silver holdings. There are several things to think about when
rolling over an old 401K plan to a self-directed precious metals IRA account. A few issues to consider are: Choice of Custodian,
Choice of Depository, Gold or Silver Merchandise to Purchase, Ongoing Contributions There are lots of gold and silver IRA custodians
to choose from. When comparing IRA custodians, a few things
one may want to compare include duration of time in business, customer reviews and expenses
and fees. Custodians could be compared online from the
comfort of your home or office. The exact same can be said for choosing a
depository. You will find many accepted depositories to
choose from in a variety of locations. You might choose to compare fees and expenses,
in addition to security and/or any insurance provided. When it comes to choosing gold or silver merchandise,
there are regulations in place dictating what can be bought in an IRA account.
These regulations are extremely specific. If Looking to Purchase gold, a number of those
approved products are: American Gold Eagle Coins, Austrian Philharmonics, Canadian Gold
Maple Leaf Coins, British Gold Britannia Coins, South African Gold Krugerrand Coins, American
Gold Buffalo Coins, Chinese Gold Panda Coins, Various Gold Bullion Bars of Minimum Purity
Produced by Approved Mints. If looking to purchase physical silver, in
addition, there are restrictions on what could be purchased in an IRA account. A number of those approved silver products
comprise: Broadly speaking, the gold and silver goods
eligible to be bought within the IRA accounts are extremely liquid and carry lower premiums
compared to many different goods.
There are lots of possible reasons to purchase
a gold or silver 401K rollover. No two investors are exactly the same, and
investors may have different targets or concerns. A number of the potential reasons may include: Inflation is a sustained gain in the costs
of products and services — in other words things are becoming more expensive. As inflation accelerates, one's purchasing
power is eroded. A dollar now buys under a buck did 10 years
ago for example. As inflation increases, one's actual returns
on investments might be less, as well. Some investors think that precious metals
such as gold and silver might not eliminate value like other assets during times of high
inflation. In reality, many investors believe that the
worth of gold or silver might potentially increase during periods of high inflation
thus offering a hedge against rising costs. DOLLAR DEVALUATION: Some traders purchase
precious metals to hedge against dollar devaluation. Like inflation, since the value of paper currency
is eroded products and services become relatively more costly. Gold and silver have been denominated in U.S.
dollars and often times exhibit a reverse correlation to the dollar.
To put it differently, often times once the
dollar falls, gold and silver rise. Conversely, the value of gold and silver may
decline if the dollar is rising. PORTFOLIO DIVERSIFICATION: Many investors
today are looking for ways to further diversify their portfolios. Today's investors are looking for extra asset
classes beyond just stocks and bonds. Precious metals, like gold and silver, may
provide an extra layer of diversification. Precious metals frequently exhibit little
significance to stocks or bonds and, thus, may be an efficient way to add diversification.
They have proven to be a reliable store of
value over that time and are still recognized today for their value. These metals are transacted all over the globe. An ounce of gold in the U.S. is Just like
an ounce of Gold in Japan. GOLD AND SILVER CARRY NO COUNTERPARTY RISK:
Unlike paper investments, physical gold and silver can't go bankrupt or default on an
obligation.
PEACE OF MIND: Physical gold or silver possession
can offer significant reassurance. Due to their history, characteristics, absence
of counterparty risk and liquidity, precious metals ownership may provide a level of relaxation
in a changing universe. Of course, this list can go on and on, but
these are just a few reasons that many investors turn to gold and silver. This manual is meant to be a concise introduction
to rolling over a 401K accounts from a former employer into a precious metals IRA that possesses
physical gold or silver. That having been said, there are very specific
guidelines which has to be adhered to. If you've got a 401K accounts with your existing
employer, we advise that you discuss your desire for physical gold or silver ownership
with your plan sponsor to see what, if any, options might be accessible to you. If your 401K is by a prior employer, the procedure
to roll it is rather straightforward and simple.
One should always, however, consult their
tax professional before doing anything tax related or that may have tax implications. In order for the rollover to go eloquent,
all regulations must be adhered to. Your tax professional can guide you through
the procedure and answer any tax related issues that you might have. While this guide is supposed to be for informational
purposes only, no investment advice is being given or implied. I hope you have enjoyed this best 401K to
physical gold IRA rollover benefits review. There are many benefits to rolling over your
401K to gold and precious metals. If this interests you, please visit https://FreeGoldIRARolloverKit.com
Order your Free Gold IRA Rollover Kit: FreeGoldIRARolloverKit.com Call: 1-844-612-7162.
Why You Shouldn’t Buy Physical Gold And Silver
Jason 0 Comments Retire Wealthy Retirement Planning
– And what I found out was
that the gold and metal shop that I bought this bar from,
they knew what this was. They knew it was worth less,
but because I was in there asking questions, trying to
learn, trying to get educated by people who I thought were
experts that were on my side, well, they basically took advantage of me. Hey, welcome back, it's Nolan Matthias. And today I'm going to tell
you about the stupidest and probably the coolest
investment I ever made. But before we get into
it, do me that favor, hit that subscribe button,
hit that notification button and please hit that like button so more people like you can see this video. Okay, so let's get into it. What is the stupidest
investment that I've ever made? And quite frankly, also the
coolest investment I ever made. Well, it's this. It's buying physical gold and silver. This is honestly one
of the coolest things, being able to sit here and hold basically in this pile alone,
$5,000 worth of silver, and having a little bit of
gold kicking around as well.
This is really cool. And this is an investment that
started for me back in 2014 as silver prices were starting
to come down as the fear from the financial crisis
was coming out of the market and as there was starting to become more and more deals on buying
physical silver and gold. And this was nothing that I ever expected that I would invest in myself,
but it came about as a result of an investment newsletter
that I was subscribed to that was all based around value investing. And value investing is the type of investing that Warren Buffet does. So finding companies that are worth a lot that are undervalued
and investing in those. And that investment strategy
is where the similarities to Warren Buffet ended
because they also got into the piece about
having precious metals as a hedge against inflation
and currency devaluation and also holding it physically rather than in certificates or in ETFs, so that if anything ever
happened in a country that you lived in and
you wanted to bug out to a different country,
much like the Jewish people had to do in Nazi Germany
during the World War II, well, physical gold and silver was
the best means of doing that.
Now physical gold may
have been a good means of being able to transport
money over borders, which by the way, I'm not recommending, but physical silver certainly isn't. You know, this is about $5,000 worth of physical silver and
it is heavy as hell. I think there's about 160 ounces here. So about 10 pounds. I wouldn't want to be
carrying this on an airplane to go to Europe or some
other country right now. But it was interesting
because that value investing newsletter got me hooked on what's called stacking in the gold and silver world. And stacking is exactly
what it sounds like. It's taking physical gold and silver and collecting as much as you can of it over a certain amount of years, and basically creating a
hedge against inflation and currency devaluation as a
result of having physical metal. And this is something
that is just absolutely unnecessary as far as I'm concerned. It's something that I did for a while. It was fun, but there are far better ways for me to invest in silver and gold.
And that is by using my BMO Investorline or my Questrade account in
order to purchase mining companies, or if I really, really want to, certificates in physical gold and silver. But you know, it was interesting because this investment was
definitely an investment I learned a lot about because one, you learn how the system works. Obviously, people who are
buying gold are paying less for it than the people
who are selling gold because typically you
have to sell to dealers and they're obviously
getting a better deal from you than you're getting from them. The other thing I realized
was that there's a lot to know about buying physical gold and silver, and it's really easy to get screwed. And I'll use this bar as
an example because this is the very first bar of
silver that I ever bought.
It's a 10 ounce NTR metals bar. I bought it from the exact same company that I bought this bar from, which is a sunshine 10 ounce silver bar. I paid about $2 difference between this bar and this bar. This one I think I paid about $245 for, this one about $247 for,
and again, bought them from the exact same gold and silver shop. And I paid pretty much the same price. And what was interesting
was a few years later when I went to sell this
bar, the NTR bar, back to that same golden silver
shop, they basically told me that it was worth 15% less than this one. So in today's terms, this
bar is worth about $330. This one is worth $280. So there's about a 15% or a $50 difference between these two bars even though they're supposed to be
exactly the same thing. And what I found out was
that the gold and metal shop that I bought this bar from
they knew what this was.
They knew it was worth less,
but because I was in there asking questions, trying to
learn, trying to get educated by people who I thought were
experts that were on my side, well, they basically took advantage of me. And they had these two bars
sitting beside each other, and instead of picking up this
one, they picked up this one, handed it to me and
charged me significantly more than what it was worth. And what I realized was
that when you're dealing in gold and silver, the
margins are so freaking thin that the companies that
do business in this realm are basically incentivized
to screw you if they can.
And I've heard lots of stories now of people buying fake
gold and silver thinking that what they were getting was real and ultimately getting stuff
that absolutely was not. So this is definitely a situation
where it's buyer beware. Now as an alternative, I
could have bought the exact same amount of silver
that I own right here. I could have bought it in
my BMO Investorline account in a certificate, or I
could have been an ETF and I could have been a 100% certain that the silver I was buying
was real because an expert on the other side was
taking care of making sure that it was real and that
I wasn't gonna lose 15% of my investment just
because I was an idiot. The other thing that I
realized about this product was I have to physically
store this in a bank safety deposit box, or
I have to take the risk of storing it at home,
having extra insurance and risking having a fire
or it getting stolen.
And that all sucks. And that all adds to the cost
of owning this investment. And at the end of the day,
there was a whole bunch of reasons why they suggested
physical silver or gold. First was that it was cool. The second was that if you
ever needed to leave a country and go to a different country
with it, you could basically hide it and smuggle it
into another country. Again, I don't endorse that,
but that was a big reason. And in 2020, that reason is nowhere close to as valid as it was in
2014 because in today's day and age, if I wanted to
go to a different country and take over $10,000 with
me, which is the amount that you legally have to declare, by the way, I don't suggest doing that, but let's say it was 1945
Nazi, Germany, and I needed to get out of the country
with a bunch of money, well, I'm not doing it with a
bunch of gold coins anymore.
I'm probably taking a USB
drive that has Bitcoin or some other cryptocurrency on it. So, you know, all the reasons
for holding this stuff basically don't make any sense. And the only reason that
somebody really becomes a stacker in today's day and age, in my opinion, is if they are conspiracy
theorists, if they think that this is better than
cash or better than holding an investment in a online
investment portfolio. And therefore, you know, they think that the world one day will come to an end and this is what's going
to be able to save them. And you know what? I don't think that this is
what's going to save somebody from basically not having any money or having any sort of
ability to buy things if the economy goes to, you
know, hell in a hand basket.
So, you know, this was a fun investment for basically seven years. It was an interesting
investment for seven years. It's one that I definitely
wouldn't make again. All of this stuff, all this
gold and silver is going to be gone by the time
that you watch this video except for this bar, this NTR bar. I might keep this just as
a reminder to myself of why you shouldn't invest in things
that you don't understand. And, you know, for the most part, my time with this was nice. It's cool. It's nice to show to people. It was nice to cut out single
bars and give them to families when they have their
first child and just say, hey, here you go, this is
a little present from me. But this stuff, it's all got to go. Now, in comparison to this you'll also see that there's another
pile of stuff over here. This is all things that my grandparents and my parents collected.
This all has sentimental value. This isn't going anywhere. That's going straight back
in the safety deposit box because this sort of thing is really cool. And where I would spend a little bit of money going forward in coins and precious metals is in
things that got discontinued. So things like old Canadian
money, $20 bills, $10 bills, things like pennies, things like nickels when they eventually stop making those. I think they're all cool investments. And it's cool to have things
that have sentimental value. Things like this. This is four three pence coins
that were given to my mum, when no, sorry, they were given to my grandmother when my mum was born.
One of these goes back to 1916. There's a whole bunch of silver dollars that my grandfather collected. There's a whole bunch of
Montreal silver coins. You know real nickel
nickels and series of coins. Like these are all wrapped up. I've never opened them. I don't even know what
they are but they appear to be some sort of a
Canadian series of coins. Like penny, nickel,
quarter, all that stuff. So things like this that
have sentimental value, coins, stuff like that, I don't think anything like this should ever be sold. There's probably just as much value if not more value here
as there is in this pile but this sort of thing,
gold bar, silver bars, this is an unnecessary investment.
It's like I said, one of
the stupidest investments I've ever made and one that
I'm glad to be divesting myself of, and ultimately I get
a little bit of return from. So, if you found this video
interesting, if you found my story about my stupidest
investment I ever made interesting, do me that favor,
hit that subscribe button, hit that notification bell,
please hit that like button so more people like you can see this video and we'll see you on the very next one. Cheers..
Are Gold IRA Investments Taxable?
Jason 0 Comments Retire Wealthy Retirement Planning
Are gold IRA investments taxable?
No! Thankfully, when you use a self-directed IRA to buy gold, so long as you're holding
it at a US depository, when you sell the gold, all gains will
flow back to your IRA with no tax. In addition to diversification,
the advantage of generating tax-free returns from your gold IRA investment
is what makes it so popular..
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