US National Debt

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Precious Metals IRA

Safeguard Your Retirement with Physical Gold & Silver

The concept of a Precious Metals IRA was introduced in 1997 under the Taxpayer Relief Act, which allowed investors to diversify their retirement portfolios to include physical precious metals, gold, silver and platinum. This was created to give investors more control over their retirement savings and to provide a safeguard against inflation and currency devaluation. By investing in a Precious Metals IRA, you can protect your retirement savings with assets that are not only universally recognized but also resistant to the volatility and risks associated with traditional financial markets.

 A Precious Metals IRA provides the same tax advantages as a traditional IRA. You can roll over your 401(k) or transfer an existing IRA into a Precious Metals IRA with no tax implications or penalties. These tax-sheltered accounts enable you to own real physical gold and silver – which is impossible with conventional IRAs.

Gold Wealth Management is dedicated to helping families secure their financial futures by diversifying a portion of their investments out of the U.S. dollar and away from traditional financial instruments such as stocks and bonds. With the rise of cyber attacks and hacking attempts, which have increased significantly in recent years, the security of the stock market and brokerage firms is increasingly at risk. In a world where digital vulnerabilities can lead to devastating financial losses, holding physical assets like gold and silver offers a tangible safeguard. Furthermore, with countries like those in the BRICS alliance actively pursuing de-dollarization strategies, the future stability of the U.S. dollar is uncertain. This global shift away from dollar dependency could have profound implications for the currency’s value and purchasing power. 

To learn more about the benefits of diversifying with gold and silver, request your free report today. Schedule a complimentary, no-obligation phone consultation with one of our experienced advisors, and take the first step toward securing your financial future.

 

Market News
U.S.-Iran Updates: Trump says no talks with Iran taking place as standoff over Strait of Hormuz continues

President Trump said Tuesday that there is no ongoing dialogue with Iran to end the war, and no discussions scheduled. His son-in-law and envoy Jared Kushner told Fox News on Monday that Iran is “not showing any interest” in striking a deal that “makes sense” for the United States. Nearly six months into the conflict, the U.S. and Iran remain locked in a standoff over control over the Strait of Hormuz.
A commercial vessel was struck by an “unknown projectile” while transiting the strait on Tuesday, according to the British military, resulting in one casualty and causing damage to an engine room.
The U.S. ambassador to Turkey chastised Israel on Tuesday for carrying out strikes on a Syrian airbase, saying they “constitute an unnecessary escalation that does not advance regional stability.”

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Treasury yields hit multi-decade highs amid surging national debt

Financial markets and investors are reacting to the rapidly growing U.S. national debt, which is approaching a record of $40 trillion, by requiring greater returns for those who invest in America’s debt obligations.Yields on U.S. Treasurys have been elevated recently, in part due to the growth in debt, with the federal government projected to run a roughly $2.1 trillion budget deficit this fiscal year, according to the nonpartisan Congressional Budget Office (CBO).

Two recent Treasury auctions in the last week drew attention due to the yields reaching historic levels – the sale of 10-year notes cleared at a high of 4.683%, the highest in 19 years, while the 30-year bond auction stopped at 5.216%, a 25-year peak.

Demand from investors has remained steady despite the higher yields, as they navigate concerns over the growing debt, widening budget deficits and inflation – with the higher yields attracting investors.

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30-year yield hits highest level since 2007

US bonds sold off across the board on Monday, pushing the 30-year Treasury yield (^TYX) to its highest level since the beginning of the financial crisis.

The yield on the long-dated bond rose 5 basis points to 5.31% — its highest level since June 2007 — amid growing concerns about government borrowing, as the national debt nears $40 trillion.

Bianco Research strategist Jim Bianco also points out that yields have risen as bets of a rate hike in September have fallen. Traders expect a 36% chance of a rate increase at the next Fed meeting, per CME Group’s Fed Watch.

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