Gold Well Live

Why invest in Gold Gold has a rich cultural history spanning continents and centuries. As societies have relied on the yellow metal for value and beauty, its use – and price – has continued to rise. Gold is the metal we turn to when currencies fail and economies falter, cementing its status as insurance against tough times. As an investor, buying into Gold can be a lucrative or disappointing endeavor. It all depends on the market, your knowledge, and your expectations. For instance, Gold made history in 2020 when it crested well above $2,000 for the first time. But in the two years since, it’s tumbled somewhat, resting around $1,650 per ounce in October 2022.  But if you know what you’re getting into, the answer to a very simple question becomes clear: Why invest in Gold? Table of Contents Investing in Gold for beginners Disadvantages of Investing in Gold Is Gold a good Investment Is it good to invest in Gold today Investing in Gold for beginners Gold is somewhat uni...

Is It Better to Invest in Gold or Silver? Precious metals like Gold and Silver have enjoyed a recent resurgence thanks to rampant Inflation and recession fears. As currency and investable commodities, both have been used to store value and hedge against Inflation for centuries. However, knowing when to invest in either can be tricky, and some investors may find one more suitable than the other.  So, is it better to invest in Gold or Silver?  The answer may surprise you. Gold vs Silver : The Basics Gold and Silver share similar legacies as currency, jewelry, and last-chance stores of value. But as we’ve moved into the modern age, their uses have expanded. While Silver is more common and offers greater utility, the rarer Gold provides more stability.  When it comes to investing in Gold and Silver, understanding their uses, differences, and similarities is crucial to making informed decisions. The Gold-Silver Ratio and Growth Potential Many investors rely on me...

  Self directed Gold and Silver IRA IRAs and self directed IRAs were introduced in 1974 as part of the Employee Retirement Income Security Act (ERISA). With this legislation Congress provided tax-advantaged savings vehicles for individuals who weren’t covered by a retirement plan at work. Based on the objectives outlined for ERISA, self directed IRA accounts (SDIRA) would theoretically allow individuals to invest in alternative assets, but ERISA didn’t specify the assets that were allowed in an SDIRA. Instead of listing permissible assets, ERISA only listed assets that could not be held: insurance contracts and collectible items. ERISA also specified that IRAs could only be opened at banks, financial institutions, and regulated trust companies. This constraint meant that investors were limited to the assets that these conservative Trustees allowed – primarily Stocks, Bonds, and Mutual funds. Eventually the IRS relaxed the Trustee rules and non-bank Trustees were allowed to open IRA...