Articles Categorized in: Blog
Elliott Wave theory holds that price tends to move in waves: impulse and corrective waves. A corrective wave usually retraces 50-61% of an earlier impulse move before continuing its upward journey. Simple corrections typically involve zigzags while more complex corrections may include flats, triangles and irregulars. Sometimes diagonal triangles may appear as waves 1 or 5. Wave 5 If a sequence is trending upward, participants who bought during Wave 1 take profits and prices may drop significantly, creating Wave 2....
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Assuming you don’t exceed $10,000 in value, there is generally no limit on how much gold you can carry with you. But beware if its value surpasses this threshold: declaring it may be required of you if its weight surpasses this amount. Keep precious metals in a carry-on bag to avoid losing them during transit, or if needed notify security or customs officers as soon as you place them into checked luggage. Customs and Border Protection Gold is an exceptionally...
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Utilizing a self-directed IRA account to invest in precious metals provides investors with tax advantages. However, during the rollover process it’s essential that investors work with an established gold IRA company which will assist with all paperwork requirements and ensure a compliant and safe transfer. Augusta Precious Metals and Goldco are two highly respected companies that specialize in providing 401k to gold IRA conversion services, offering superior customer support, gold education programs, and investment guidance. What is a 401(k)? A...
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Which IRA or Roth makes more sense depends largely on your anticipated tax bracket in retirement. Those expecting lower tax rates may prefer traditional IRAs which provide upfront tax benefits as well as potential deductions in the future. People expecting to fall within higher tax brackets may benefit from opening a Roth account, which allows post-tax contributions and tax-free withdrawals in retirement. Both types of accounts can be found through banks, brokerage firms, life insurance companies and robo-advisors. Taxes An...
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If you are purchasing gold from dealers in the US, it’s essential that you understand your tax obligations. In this article we’ll investigate if and when reporting these purchases is mandatory to avoid tax penalties. Precious metal dealers are legally required to report customer sales when they receive significant cash payments or sell coins that the IRS considers reportable items, in order to prevent money laundering and aid the fight against illegal activity. This reporting requirement helps stop money laundering...
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American Gold Eagle coins are an appealing investment option as they’re guaranteed by the United States government and feature a stylized rendition of Lady Liberty with radiating rays of light encasing her and an olive branch. Coins have legal tender face values and carry the national motto, In God We Trust. This makes them a safe, liquid, and highly visible investment option. They are a safe investment American Gold Eagle coins offer collectors and investors alike a safe investment option....
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Before investing in a gold IRA, it is crucial that you fully comprehend its rules and fees. Take time to compare different options until you find one that aligns best with your financial goals. Physical gold IRAs require an IRS-approved depository in which to store the precious metals. Unlike stocks and mutual funds, investors cannot store physical gold at home as this would constitute a distribution and result in taxes and penalties being assessed on it. Self-directed IRAs Gold-backed individual...
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Roth IRAs offer an innovative way of diversifying retirement savings. Contributions made into these accounts allow tax deferral until withdrawal at retirement age. Before choosing your Gold IRA provider, it’s wise to research fees. Some firms charge additional charges such as storage, account setup or insurance fees which can significantly lower your overall return on investment. Buying Gold Bars or Coins Gold in an IRA provides savers with an effective means to diversify their retirement funds with physical precious metals,...
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Contrary to traditional imperial measurements such as regular and troy ounces, the metric system uses powers of 10 instead. Therefore, one gram represents one thousandth of a kilogram. On its obverse, gold lira coins featured the bust of Victor Emanuel II as seen on its reverse, who served as Duke of Savoy before ascending to become King of Italy in 1878. These coins remained legal tender up until Italy adopted euro currency in 2002. Weight Gold coins are popular as...
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Prior to recent regulations, it was illegal for an IRA account to hold gold as an investment option; now however, precious metals have become increasingly popular choices within retirement accounts. However, when considering a precious metals IRA investment option there are a few things to keep in mind. Like any IRA there will be associated fees. Benefits As with any retirement plan, choosing whether or not a gold-backed IRA is right for your needs is ultimately up to you and...
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