Conventional wisdom recommends that your portfolio be diversified. As a hedge against inflation and market swings it has been suggested that 10% was an adequate position in silver and gold. But with the Fed printing money and flooding the market with dollars in QE1, QE2 and now QE3, the value of the dollar is declining. Under these market conditions it would be reasonable to convert a larger portion to hard assets for protection and possible profit.
With recent changes in tax law, you now have the opportunity to place a wider range of certain approved precious metal coins in your IRA. Prior to 1998, IRAs were limited to holding American Eagles and silver coins. Today, an IRA can hold gold, silver, platinum and palladium which meet certain fineness requirements.
We partner with Equity Institutional who has been a leader in the "Self-Directed IRA" business since 1974. They are at the forefront of the self-directed retirement plan industry, specializing in the custody of self-directed IRAs, qualified business retirement plans and non-qualified custodial accounts. With over 128,000 customers they are positioned well to handle your account too.
Speak with one of our account managers about how you can start an IRA today or diversify one you now have.