Answering that question is complex. Physical gold falls outside the jurisdiction of securities regulators such as the SEC; however, it must still comply with regulations from CFTC. DMCC has since created the Dubai Good Delivery standard, which requires refineries to adhere to OECD due diligence requirements for conflict-free sourcing. Yet fraud continues to flourish within precious metals trading. Commodity Futures Trading Commission (CFTC) The Commodity Futures Trading Commission (CFTC) is an independent federal agency that monitors commodity market activity and...
Read More
Gold backed IRAs are an increasingly popular method for diversifying retirement savings, but they come with special requirements, including finding an expert custodian to manage this type of account. Investors should choose a custodian and broker familiar with gold backed IRA investing rules, regulations and fees associated with this form of investment. Self-directed IRA Gold-backed IRAs work by using funds from an existing retirement account to purchase precious metals that are then stored at an IRS-approved depository. This method offers...
Read More
Gold IRAs are becoming more and more popular as retirement accounts that enable their holders to invest in precious metals are being utilized as diversification vehicles. An investment portfolio can protect your savings from inflation risks while offering tax-efficient growth opportunities, with physical assets that cannot be hacked or stolen online. Opening a traditional IRA Gold IRAs provide investors with tax advantages. But it is essential to evaluate whether this type of account meets your individual needs as well as...
Read More
Saving for college education can be an essential financial goal, but what happens if your child doesn’t attend or you have excess funds left over? Thanks to Secure Act 2.0’s new provisions, families now have an option of rolling over any unutilized 529 investments into Roth IRAs and keeping those investments tax-deferred until use. Taxes on rollovers Tax rules surrounding 529 rollovers can be complex and vary by state, requiring professional guidance from financial planners and tax advisors in order...
Read More
Gold has long been seen as an effective hedge against inflation; however, its long-term inflation-adjusted returns have proven significantly less favorable than stocks or Treasury bills. Physical gold purchases such as coins or bars come with their own set of disadvantages. First off, it can be hard to determine when gold is affordable; secondly, buyers depend on price increases to make any profit at all. It’s a store of value Gold fits this description and has often been considered a...
Read More