J.P. Morgan, what’s the best asset?
Gold has outperformed the U.S. dollar and the S&P 500 by more than 6% across the 11 days when tariffs announcements dominated the news this year, according to J.P. Morgan.
Source – Seeking Alpha
Gold has outperformed the U.S. dollar and the S&P 500 by more than 6% across the 11 days when tariffs announcements dominated the news this year, according to J.P. Morgan.
Source – Seeking Alpha
You know what shocked me when I first started learning about Gold IRAs? Finding out that keeping your IRA gold in a home safe isn’t just inadvisable – it’s actually illegal! Can you believe that! After learning more about precious metals and IRAs, this is a shock.
Yes, the IRS does in fact mandate these storage facilities for IRAs (Individual Retirement Accounts) but specifically for precious metals held in these IRAs.
On the flip side, if you have personal gold investments that are not in retirement accounts, you have much more flexibility in storage options since those assets have already been taxed.
We can’t just bury our gold under the big oak tree southeast of some park no one knows about only you. Even if you do it’s not wise to do so. Its overall a bit of a risk and we have to be mindful of where we put our hard-earned precious metals.
Let’s start by a short break down of the essential storage requirements that the IRS mandates:
Here are pros and cons of various storage methods:
Cons:
Cons:
Here are the most reputable storage facilities:
These are just a few locations but there are plenty more to choose from.
Let me share some real numbers I’ve seen recently:
The IRS doesn’t mess around when it comes to security requirements:
Try to avoid these mistakes that could trip up investors:
Here’s what you need to keep track of:
Something often overlooked – how to access your metals in an emergency:
Understanding this relationship is crucial:
Let me share some insider knowledge about moving your metals:
Proper storage of your Gold IRA assets isn’t just about security – it’s about maintaining IRS compliance and protecting your retirement savings. Remember these key points:
Take time to research different storage facilities and their specific offerings. Compare fees, security measures, and accessibility options. Most importantly, work with reputable custodians who have established relationships with top-tier storage facilities.
Remember, cutting corners on storage requirements isn’t worth risking your retirement savings or facing IRS penalties. When in doubt, always consult with qualified professionals who can guide you through the requirements specific to your situation.
Important Disclosure : This guide id for informational and educational purposes only. I am not a financial advisor, tax professional, or legal expert. The information provided is based on research and general knowledge of IRA regulations. Always consult with qualified financial, tax and legal professionals before making any decisions about your retirement accounts.
Moonlight – Superior project in California
The study envisions a mine life of 14 years, producing 903,000 tonnes of copper, plus 12 million oz. of silver and 63,000 oz. of gold. A majority of the production will come from mining the sulfide mineralization at Moonlight-Superior.
US Copper CEO Stephen Dunn said the PEA, which a culmination of several years of planning, drilling, metallurgical testing and engineering studies, confirms “substantial economic opportunity” at current copper prices that can be realized through the development of a series of open pit mines on the property.
PEA – preliminary economic assessment
NPV – Net Present Value
Source – Mining.com
Gold
Gold made an attempt to settle below the support at $2870 – $2880 but lost momentum and climbed back above the $2900 level.
Silver
Silver rallied above the $32.00 level as gold/silver ratio pulled back below the psychologically important 90 level.
Platinum
Platinum is trying to settle above the resistance at $1025 – $1030 as demand for precious metals stays strong.
Source – FXEMPIRE
“Gold is still benefiting from investors looking for safe-haven assets amid concerns of a tariffs and trade war,” UBS analyst Giovanni Staunovo said.
“We continue to see upside for gold, with the yellow metal expected to rise to $3,000, benefiting also from ongoing central bank demand.”
Spot silver rose 0.3% to $32.24 an ounce after hitting its highest level since October 31 on Friday.
Platinum gained 0.1% to $980.43, and palladium climbed 1.9% to $978.25.
Source – Reuters
Asian and European shares were mixed to weaker in trading overnight. U.S. stock indexes are set to open higher on corrective bounces following Friday’s big sell offs.
German stocks rose as investors cheered a win by German conservative leader Friedrich Merz in Sunday’s elections.
The Euro zone January consumer price index came in at up 2.5%, year-on-year, which was right in line with market expectations.
Source – KITCO News
Gold prices struggle to hold onto gains after key U.S. data showed inflation picked up in June as expected, potentially signaling companies are starting to pass on tariff costs to consumers. Futures are down 0.1% at $3,357.50 a troy ounce following a 0.5% rise earlier in the session.
Source – The Wall Street Journal