Precious Metals IRA Guide

Total Page:16

File Type:pdf, Size:1020Kb

Precious Metals IRA Guide Safeguard Your Future With a Precious Metals IRA www.assetstrategies.com Contents Protect Your Savings With 3 a Precious Metals IRA 44 How to Get Started IRA-Approved Bullion 5 Products Offshore and Domestic 6 Storage Options 8 IRA-Approved Custodians 9 Frequently Asked Questions About Asset Strategies 11 International Protect Your Savings With an ASI Precious Metals IRA Precious metals IRAs allow you to hold physical gold, silver, platinum and palladium in your tax-deferred retirement account. In the midst of today’s economic uncertainties and market volatility, a precious metals IRA with ASI provides many benefits and an added layer of protection that other IRAs cannot. Diversification for your retirement portfolio - Physical precious metals in your IRA limits your exposure to market volatility because your portfolio includes assets other than mutual funds and securities. By diversifying your assets, you are not solely dependent on the dollar's strength or movements. When you invest in alternative assets, such as precious metals for diversification, you can help reduce your overall financial risk. Hedge against inflation and market volatility -There’s a reason why investors are turning to precious metals. Gold has proven itself throughout history to maintain its purchasing power during economic instability. During inflation, the dollar can plummet tremendously, but gold generally reacts inversely. Precious metals in your IRA can help preserve your wealth during these uncertain economic times. Greater freedom and flexibility - With a self-directed precious metals IRA, you have the freedom and flexibility to decide exactly what you want to hold in your account. The makeup of your portfolio is determined by your own investment choices. Other IRAs, however, are determined by your employer or fund manager and include limited asset selections on which you cannot expand. More distribution options - When you are eligible to make withdrawals from your retirement account, you have the option to take physical possession of your precious metals. This gives you the opportunity to re-invest your metals in order to grow your assets. You also have the option of liquidating your precious metals. These benefits are only available with precious metals in your IRA; something that mutual funds and stocks cannot offer. 3 ASI Makes Investing Secure and Easy Setting up a precious metals IRA doesn’t have to be complicated nor challenging. The process involves three key players – the IRA custodian, ASI (dealer), and yourself. If you’re worried about choosing an IRA custodian, ASI has a working relationship with a variety of trusted custodians from which you can choose. There are also requirements and guidelines specifying what type of metals you can purchase with IRA funds along with how your assets are stored. ASI can help you stay compliant with every IRA requirement and store in approved and secured facilities. How to Get Started: Diversify Your IRA in 3 Simple Steps 1 2 3 Open an Account Fund Your Account Choose Your Metals Speak with an ASI IRA You can fund your account Confirm the exact asset Specialist about opening through a rollover, transfer and amount you would like an account by calling and/or direct contribution. to allocate to your IRA. 800-831-0007. ASI can assist you wherever possible with this step. 4 IRA-Approved Bullion Products * Other IRA-approved products are available with the following purities: Minimum gold fineness: .999* Minimum silver fineness: .999 Minimum platinum fineness: .9995 Minimum palladium fineness: .9995 90% Junk Silver bags are not eligible for precious metals IRA investing. *American Gold Eagle coins are the only exception to the minimum fineness standard. 5 Offshore IRA-Approved Options With ASI Some clients prefer to store their precious metals offshore for additional safety, privacy, and diversification across borders. If you choose to store your assets offshore, here are some excellent options that provide competitive storage rates. Perth Mint Certificates - Perth, Australia You can use your IRA to hold offshore gold, silver and platinum with Perth Mint Certificates. The Perth Mint offers extremely low premium and free storage for specific metals. Your certificates are 100% backed by physical metal and are offered by the world’s only government guaranteed program (Government of Western Australia). ASI is the leading Perth-Approved U.S. dealer who can help you hold offshore Perth Mint Certificates in your IRA. Strategic Wealth Preservation - Cayman Islands You can store your assets offshore through Strategic Wealth Preservation (SWP), an offshore IRA-approved precious metal depository. SWP, is independently owned and privately operated, located in the Cayman Islands. They provide fully allocated, segregated and insured storage within their state-of-the-art security system. SWP also does not have any wealth-reporting requirements to the Cayman or any foreign governments. 6 Offshore IRA-Approved Options With ASI International Depository Services - Toronto IDS Toronto is Canada’s first full-service LBMA and IIROC-approved precious metals depository specializing in secure custodial storage and shipping for corporate entities and individual investors. They offer fully segregated and allocated secure storage with an all-risk insurance protection underwritten by the world’s leading specialty insurance provider. Domestic IRA-Approved Options With ASI International Depository Services - Delaware IDS Delaware is located directly in the heart of America’s primary business corridor near New Castle, Delaware. They are a depository of all four precious metals and offer security-conscious clients tailored services on request for inspections, import and export assistance, and special packaging. 7 Approved IRA Custodians Canyon, TX Murray, KY Louisville, CO Oakland, CA Westlake, OH Oak Brook, IL Speak with an ASI Specialist at 800‐831‐0007 to find out which IRA Custodian is best for you! 8 Frequently Asked Questions Q. Can I have more than one IRA? A. Yes, you can have multiple IRAs, but your total annual contribution limits remain at the same maximum regardless of how many IRAs you have. Q. Who is eligible for a precious metals IRA? A. Anyone who is under age 70½ and has earned income is eligible for a precious metals IRA. Q. Can I rollover or transfer an existing IRA to a precious metals IRA? A. Yes, your IRA custodian can help you rollover or transfer your existing IRA into a precious metals IRA. Qualified IRA accounts include: Traditional IRA, Roth, SEP, SIMPLE, 401(k), and 403(b). Your IRA custodian can provide you with specific details. Q. Why can’t I hold metals in my current IRA? A. Select IRAs allow you to hold precious metals. Most IRAs, however, have restrictions on qualified assets. Speak with your IRA custodian to find out if your IRA is eligible for precious metals. ASI can work with any IRA custodian you choose, as long as they work with precious metals. ASI also has a working relationship with a variety of IRA custodians as well. Q. Can I choose where my precious metals IRA are stored? A. Your precious metals IRA must be stored at an IRA-approved storage facility. The location of the storage facility depends on the IRA custodian you choose. Some IRA custodians give you a choice of multiple storage facility options. 9 Q. What are the custodian and storage fees? A. Fees will vary depending on the size of your account and metal holdings in your depository. Please contact your IRA custodian or your depository of choice to learn more about fees. Q. What is the minimum dollar amount for an IRA purchase at ASI? A. IRA purchases will typically exceed the minimum amount of 1-ounce of gold and 100 ounces of silver. The minimum for the IRA Perth Mint Certificate is $10,000 to start and $5,000 to make additional amounts. Q. Do I have to distribute precious metals in my IRA if I am subject to the Required Minimum Distribution (RMD)? A. The RMD works with precious metals in exactly the same way as with any other qualified asset. The current market value of your precious metals holdings determines your RMD for any year, but you can distribute the required amount from any of your qualified assets and leave your metals holdings intact. In these unpredictable and uncertain times, ASI is committed to helping you add stability to your retirement portfolio and give you peace of mind for your future. We have a dedicated and knowledgeable staff ready to assist you with your asset protection and wealth building needs. Speak with an ASI Specialist for a full list of your IRA options by calling 800‐831‐0007! 10 About Asset Strategies International Asset Strategies International (ASI), founded in 1982, is an innovator in alternative asset ownership, including precious metals, foreign currencies and global asset protection. Co-Founders Michael Checkan and the late, Glen O. Kirsch, believe wealth must be protected by diversifying across currencies, across countries, and across investments. The world's economy is precarious and requires precautionary measures. "In these unpredictable and uncertain times, ASI is committed to helping you add stability to your portfolio and give you peace-of-mind." -Rich Checkan, President and COO ASI has been assisting clients with precious metals IRAs for over 19 years. We have a dedicated and knowledgeable staff ready to assist you with all your asset protection and wealth building needs. Our highly trained and educated Preferred Client Relations representatives can answer all of your questions, discuss your options, and assist you with international and domestic asset protection and investment needs. *Asset Strategies International is neither a financial advisor nor a tax advisor. The statements made in this guide are for informational purposes only and is not intended for individual investment advice. The information is obtained from sources we believe to be reliable, but we do not guarantee that it is accurate.
Recommended publications
  • Our Precious Metals Investment Guide
    “Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else’s religion, but he’ll accept his gold.” - Robert Kiyosaki CONTENTS 1 The Polyak Precious Metals Difference 3 Why Own Physical Precious Metals 5 Precious Metals Investment Options 8 Common Bullion Products 10 Gold Counterfeiting 13 Premiums Explained 16 Reporting Requirements 18 Tips for Investing in Physical Precious Metals 19 Glossary The Polyak Precious Metals Difference hen investing in precious metals, it’s important to work with honest, trustworthy, Wand experienced people. Since gold and silver prices have skyrocketed in the past decade, many new companies started popping up. However, trading in bullion requires experience, and a track record of consistently delivering peoples investments to them in a timely manner. Polyak Precious Metals is one of the few companies in the industry that possess the tools to properly serve and educate clients. What Separates Polyak Precious Metals From Other Bullion Dealers? Pricing Order Processing 3 words; Quantity, Quantity, Quantity. We pride ourselves on our industry We buy and sell large quantities of leading order turnaround. Some bullion coins and bars every single day. companies may try to attract clients by This allows us to keep our bid and ask offering ‘low prices’. Once they get you prices among the most competitive in on the phone however, they either try the industry. to sell you rare coins, or add additional fees. When you finally place an order, it Customer Service can take many weeks to be delivered.
    [Show full text]
  • TRADING DESK: 315-637-1300 | Trading@Upstatecoins
    TRADING DESK: 315-637-1300 | [email protected] Dave Cooper – José Martínez – Matt LeRoy – Joseph Schuessler – Jeff Lubinski Mon-Thur 9AM-7PM, Fri 9AM-6:30PM ET Dealer Sheet – Friday, September 4, 2020 AU: $1,923 AG: $26.54 PT: $900 PD: $2,267 BUYING JUNK SILVER GOLD BULLION 90% – 1+ Bag* -0.40 x .715 American Eagle Buy Sell Canadian Maple Buy Sell 90% – $100-$999 Face Value* -0.50 x .715 1 oz – 2020 3.0% 4.0% 1 oz – 2020 +$28 +$48 90% – Halves (Kennedy, Walker, Franklin, Barber) +0.25 x .715 1 oz – Backdate 2.75% 3.75% 1 oz (.9999) – Backdate +$21 +$41 90% – Proof Modern -0.75 x .715 1/2 oz- 2020 4.25% 5.9% 1 oz (.999) +$3 +$30 90% – BU Franklin Half Dollar Roll (No pick outs) +5.50 x .715 1/2 oz – Backdate 3.0% 5.25% 1 oz Impaired/Scratchy +$3 Out Always selling 40% & 90% Dimes, Quarters, & Halves. Call for rates & availability. 1/4 oz – 2020 6.5% 8.25% 1/2 oz – Sealed 3.5% 6.0% 40% – 1+ Bag (Interested in large deals, stronger rates for 5+ bags) -0.85 x .295 1/4 oz – Backdate 5.0% 8.0% 1/4 oz – Sealed 4.5% 6.5% 40% – $50-$999 Face Value -1.10 x .295 1/10 oz – 2020 9.5% 13.75% 1/10 oz – Sealed 8.0% 13.0% 40% – Ike Dollars – Original Plastic $7.89 ea. Loose/Tubed $7.89 1/10 – Backdate 9.5% 13.75% 1/20 oz – Sealed 16.0% Out 35% – War Nickels $5,016 / bag $1.21/ ea.
    [Show full text]
  • Title: Buy Gold and Silver Safely
    Buy Gold and Silver Safely by Doug Eberhardt © Copyright 2018, Doug Eberhardt All Rights Reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means, electronic, mechanical, photocopying, recording, or otherwise, without written permission from the author. ISBN: 978-0-9825861-7-4 Dedicated to Chris Furman for all you do. iv The most important aspect to learning about buying gold and silver is to know what you are doing and what you want to buy before calling a gold dealer. This is why I wrote the book; so you don’t make any mistakes. Enjoy the book! v DISCLAIMER EVERY EFFORT HAS BEEN MADE TO ACCURATELY REPRESENT THIS PRODUCT AND SERVICES OFFERED, AND ITS POTENTIAL. THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES AND IDEAS IN THIS BOOK. EXAMPLES IN THE BOOK ARE NOT TO BE INTERPRETED AS A PROMISE OR GUARANTEE OF EARNINGS. EARNING POTENTIAL IS ENTIRELY DEPENDENT ON THE PERSON USING THE INFORMATION INCLUDED TO THE BOOK AND THE IDEAS AND THE TECHNIQUES. WE DO NOT PURPORT THIS AS A GET RICH SCHEME. YOUR LEVEL OF SUCCESS IN ATTAINING THE RESULTS IN THIS BOOK DEPENDS ON THE TIME YOU DEVOTE TO THE IDEAS AND TECHNIQUES MENTIONED, YOUR FINANCES, KNOWLEDGE AND VARIOUS SKILLS. SINCE THESE FACTORS DIFFER ACCORDING TO INDIVIDUALS, WE CANNOT GUARANTEE YOUR SUCCESS OR PROFIT LEVEL. NOR ARE WE RESPONSIBLE FOR ANY OF YOUR ACTIONS. MATERIALS IN THIS BOOK MAY CONTAIN INFORMATION THAT INCLUDES FORWARD-LOOKING STATEMENTS THAT GIVE OUR EXPECTATIONS OR FORECASTS OF FUTURE EVENTS.
    [Show full text]
  • The Michael Ivankovich Guide to Selling Household & Estate Coins
    The Michael Ivankovich Guide to Selling Household & Estate Coins by Michael Ivankovich Money. Who couldn't use more of it? And what better exemplifies money than “ Coins ”! When people think of “ Coins ” they generally think in terms of “ Face Value" coins, but there are many other various forms of coins, each having a different level of desirability and value. This “ Michael Ivankovich Coin Guide ” is intended to introduce you to some of the various forms of “ Coins ” you may find in any typical household or estate. 1. Face Value Coins : “ Face Value Coins” are basically " Pocket Change " and value is the legal tender value that is stated on each coin, e.g., 10 cents, 50 cents, etc. Coins cannot be worth less than Face Value, but they can often be worth much more than Face Value . 2. Numismatic Value Coins : “ Numismatic Value ” is often used to refer to the value in excess of the coin’s “ Face Value ”. Numismatic Coins are “ Collectible Coins ” and Coin Collectors will pay a premium price over Face Value for certain coins, depending upon such factors as the Denomination (dime, quarter, half dollar, dollar), Type (Morgan Silver Dollar , Walking Liberty Half Dollar ), Mint Year (1899, 1910), Mint Mark (D = Denver, S = San Francisco), Quantity Minted , Rarity , Condition (Un-circulated, Very Good), and Certified Professional Grading (PCGS, ANACS, NGC, etc.). Certain Numismatic Coins are more highly prized than others with Rarity and Condition having a significant impact on any coin's value. 3. Junk Silver Coins : Prior to mid-1960's, most U.S. dimes, quarters, half dollars, and dollars were minted with 90% silver.
    [Show full text]
  • Morgan Silver Dollar Checklist
    Morgan Silver Dollar Checklist Brock shampooed ebulliently? Nude Barret still out-Herods: ovate and glandulous Mead horde quite off-key but Balkanises her genocide undisputedly. Untransmitted Rickard equates: he disembodies his gyrostats appeasingly and incidentally. Also update you have to federal reserve bank even killing others, light such as die damage to be worth less so much it is nearly perfect knowledge, morgan silver dollar checklist. The order in which die states are struck. The design on a series began, a natural calamities or two minis as a more valuable because of most from his team. On this is a gas grill, also acts as disadvantages. Any family members of metal on mine, they still exist. Is Sundial Growers Stock item Wise Investment? An abbreviation for special holders or other types of pure gold, in depth about it can command a morgan silver dollar checklist is a coin caused when people continue to look. Have vital information on Morgan Silver Dollars at your fingertips and wait your collection on love go! What is an absolute logo on both you do business with a call friends and. The coins of eg fecit on certain early years of hundreds of las inversiones, freeze dried dairy like a coin in a few of nickel, people who aquired them? You might strike gold, you might strike out. Poor, with, Good, Very small, Fine, show Fine, Extremely Fine, About Uncirculated, and Uncirculated. These have any, four one five pieces of memorabilia as low as multiple parallels with premium pieces. Just fucking bad mix. Raised grainy patches on a third type of some of all, flatware also abbreviated as this is for sale from contracting anything i get.
    [Show full text]
  • Coin Folders Dimes: Mercury, 1916-1945 PDF Book
    COIN FOLDERS DIMES: MERCURY, 1916-1945 PDF, EPUB, EBOOK Whitman Publishing | none | 01 Jun 1992 | Whitman Coin Products | 9780307090140 | English | United States Coin Folders Dimes: Mercury, 1916-1945 PDF Book One Minneapolis newspaper dubbed it the "battle ax" or "golf" dime, reflecting a lack of knowledge concerning the fasces. For additional detail on the subsidiary silver coin redesign, see Standing Liberty quarter and Walking Liberty half dollar. Sometimes referred to as junk silver , or scrap silver , these coins are anything but. After the lettering problems were addressed, Acting Director Chaffin halted production of Barber dimes on August 29, and ordered production of the Mercury dime to begin the following day at the Philadelphia Mint. Though perhaps intending that each coin would display the efforts of a different artist, Adolph A. Minting of Barber dimes resumed. There are several points of reference for this. Thus, in , there was interest in replacing Charles E. By contrast, Adolph Weinman's classical dime profile faced left, was more streamlined, and the close-fitting cap resembled a woman's cloche, a bell-shaped hat of the period. It hailed the new 20th century even as the U. Your Password. On the first day of circulation, quantities sold were limited at banks. Walter Breen. Help Learn to edit Community portal Recent changes Upload file. Woolley took office as Mint Director. This led to a great increase in interest in collecting current coinage by date and mintmark. Views Read Edit View history. Woolley suggested to the members that if they did not like the Mint's work, they should select sculptors to submit designs for the new pieces.
    [Show full text]
  • Gold As an Investment: Will Precious Metals Continue to Shine?
    A S O U N D M I N D I N V E S T I N G S P E C I A L R E P O R T Gold as an Investment: Will Precious Metals Continue to Shine? B Y A U S T I N P R Y O R GOLD AS AN INVESTMENT: WILL PRECIOUS METALS CONTINUE TO SHINE? Introduction At the tender age of 25, as I was becoming interested in the topic of investing, one of the books that captured my attention was a 1970 best-seller by an investment adviser named Harry Browne. It had the rather alarming title How You Can Profit from the Coming Devaluation. Browne took the unconventional view that America’s tax and monetary policies would lead to the devaluation of the U.S. dollar—and soon! He recommended that investors diversify into gold, silver, and foreign currencies like the Swiss franc. Given that the United States had the world’s strongest economy, and was the world’s lead- ing creditor nation as well, Browne’s concern about devalution seemed, well, prepos- terous. So I ignored his diversification advice, and continued on my merry way in- vesting in U.S. common stocks. Then, a year later in 1971, President Richard Nixon stunned the world financial com- munity by “closing the gold window.” You may have no idea what that means, so let me offer some background that will help you understand its significance. As World War II drew to a close, economists from the leading industrial nations met in Bretton Woods, New Hampshire, to hammer out a new international monetary system on which to base post-war recovery and growth.
    [Show full text]
  • (YN) Online Auction, the Following Programs Are Offered to Young Collectors
    YOUNG NUMISMATIST ONLINE AUCTION Saturday September 19, 2015 10:00 AM, Mountain Daylight Time Auction lot viewing available online at money.org Cataloguer: Sam Gelberd The 2015 Online YN Auction is sponsored by Carter Numismatics The American Numismatic Association wants you to experience all the fun and knowledge that coin collecting can bring. In addition to the annual ANA Young Numismatist (YN) Online Auction, the following programs are offered to young collectors: ANA Summer Seminar brings collectors of all ages and experience together each summer to learn about numismatics and share their knowledge. Seminars are in Colorado Springs on the Colorado College campus, adjacent to ANA Headquarters. A course catalog will be avail - able in early 2016. Students take classes of their choice, attend field trips to explore the local area and participate in special activities while living with fellow YN’s, interns, and mentors. Full and partial scholarships (tuition, room & board, airfare) are available to qualified ANA-member Young Numismatists. Applications are available at www.money.org, or by contacting the ANA Education Department at 719-482-9850. ANA YN Treasure Trivia Game © is another exciting event held at the ANA National Money Show SM and the World’s Fair of Money SM . Participants follow a treasure map of the convention and bourse floors to find answers to numismatic trivia questions and collect treasures along the way. The David R. Cervin Ancient Coin Project allows YN’s to earn a variety of quality ancient coins by presenting lectures and exhibits, writing articles and completing other hobby-related projects. Go to the “Young Numismatists” page at www.money.org for more information.
    [Show full text]
  • Clicking Here
    Why Gold? History teaches us why much higher gold prices are inevitable — and why every investor needs to have a significant position in the metal while they still can. ’m constantly fielding questions from investors and media asking why I’ve been recommending gold so Iemphatically over the last few years. I tell them there are three simple and compelling reasons: Debt…debt…and debt. Let me put this into context. Just a couple of years or so ago, when Federal Debt was just poking over $20 tril- lion, I calculated the historic, effective interest rate on the federal debt over decades. Now, this is a number that you’ll never get anyone to provide, and I’d searched vainly for it over the years. It’s always regarded as a moving target, as there are so many different durations and yields on Treasurys. Finally, I’d had enough, and simply took the Treasury’s quarterly interest cost data and divided it by the quarterly federal debt totals and, voila!, I had the effective interest rate on the debt. And the data yielded quite a surprise: The effective interest rate is usually about 3% to 4% above the fed funds rate. The implications from this were astounding…and frightening. Simply put, the costs of servicing the federal debt would grow to unmanageable levels if either interest rates or the federal debt rose significantly. And what we’ve seen since is that the federal debt has indeed risen since I first made these calculations. In fact, it’s soared to nearly $28 trillion so far, and is progressing at a dizzying rate of climb.
    [Show full text]
  • Featured Coin Specials for July
    T H E Where Else? OIN EPOT JULY 2020 C 116 PoinsettD Highway • Greenville, SC 29609 • 800-922-2441 • 864-242-1679 There are three truths to Summer 2020 1.The weather is hot. 2.The coin market is even hotter. 3. Our deals in the flyer are the hottest yet. Get a cold glass of lemonade, sit back and relax and browse these great specials today. GOLD $1,750.00 | SILVER $17.95 | PLATINUM $830.00 VIEW OUR WEBSITE AT www.thecoindepot.net Feel Free to E-mail us your want list: [email protected] FEATURED COIN SPECIALS FOR JULY YPE T 3 THE FINALE DOLLAR OLD IECE BRITISH GOLD SOVEREIGNS $1 G P OF 1935 Premium Quality BU Premium Quality BU Type 3 Gold Dollars have been ex- Premium Quality BU Cheaper than 1/4 oz. gold eagles, tremely hot the last few years. They get these The 1935 Peace Dollar was the final gobbled up by both collectors and in- coins are sought for both their collec- year of the silver dollar. After this, the vestors making it hard to purchase tability and as a solid gold investment. government transitioned over to paper enough to sell to you. Call early before dollars. they sell out. Each........................................ $444.00 3 Different ........................... $1,325.00 $ 00EACH $ 00 10 Different ......................... $4,388.00 EACH 2 Different ..............................329 $644.00 88 1922 PLAIN 1926-S 1864 SMALL MOTTO LINCOLN CENT BUFFALO NICKEL TWO-CENT PIECE XF/AU VG/F Fine Here is the key date to the series. We Here is the tough 1922 Plain Lincoln think this grade is the bargain grade for Now is the chance to buy this better cent in a pleasing grade.
    [Show full text]
  • Silver Coins
    SILVER COINS The United States first began minting silver dollars in 1792 and continues to produce silver coins with a face value of $1 today (the Silver American Eagle). The silver half-dollar was first coined two years later in 1794 although it would not be until 1916 that the U.S. Mint produced what is widely considered America's most beautiful silver coin, the Walking Liberty Half-Dollar. MORGAN SILVER DOLLAR TO PURCHASE CALL 1-866-439-6201 FRONT BACK The Morgan Dollar is one of the most collected silver coins in our history. This George T. Morgan design is awash with Western lore and legend. First struck in 1878, it was created to absorb the fabulous quantity of silver mined from the Comstock Lode. Design of the Morgan Silver Dollar The head of Lady Liberty takes up most of the obverse (front) of this silver coin. She is encircled by the date of issue, 13 stars, and the words, 'E ' PLURIBUS ' UNUM'. This phrase, which translates to 'Out of many, one', was first chosen for official United States use in 1776. The reverse (back) features a bald eagle with wings spread perched upon a branch and arrows. The eagle is partially surrounded by a wreath. Above his head sits the motto 'In God we trust'. Around the rim are the words 'UNITED STATES OF AMERICA' separated by a star on either side from 'ONE DOLLAR'. Morgan, who studied under the direction of instructors from the Royal Mint in London, placed an 'M' on both sides of the coin to lay his claim to the design.
    [Show full text]
  • Money Metals Insider
    WINTER 2020 ME Y E TA N L O S M Money Metals E X E INSIDER CHANG An Insider Report for Clients of Money Metals Exchange Precious Metals Set to Keep Powering Ahead in 2020 By Stefan Gleason President, Money Metals recious metals got off to an explosive early start to Fed Doubles Down on Higher Inflation P2020 as tensions between the U.S. and Iran drove safe-haven buying. With the Fed now on pause with interest rates after having thrice cut in 2019, it is also engaging in massive Of course, gold and silver markets will need more backdoor debt monetization (“not QE”). than a geopolitical flare up to drive a Its balance sheet will likely rise to an all- long-term bull market advance. time record sometime this spring, further The question for investors is whether cheapening the real value of the Federal the fundamental picture now looks Reserve Note in the process. promising or fleeting. Loose monetary policy should continue In our view, the fundamentals are being supportive of higher asset prices turning in favor of higher gold and silver in general. prices. During a press conference in late 2019, From fiscally reckless trillion-dollar Fed Chairman Jerome Powell indicated deficits in Washington, to a Federal Reserve obsessed he would like to a see a significant and sustained rise with generating higher rates of inflation, to mining in inflation before hiking rates again. supplies of gold and silver tightening, the ingredients In January, John Williams, president of the New York for a big bull market are in place.
    [Show full text]