Do you still recommend Swiss annuities? Do we have to report them to the Internal Revenue Service beginning June 30, 2012? An IRS tax consultant I talked to said I do. The IRS tax consultant also said I owe an excise tax on the Swiss annuity. If this is correct, do you have any information on how to figure that or know someone who does?
A lot has been written about commodities and precious metals in the recent past. While some investors believe that we are in the middle of a super cycle for commodities and precious metals, others think that there is already too much speculation built into current prices; that we are in a speculative bubble that will have to burst eventually.
On Friday, Gallup released the results of a new poll showing that a majority of Americans are against raising the debt ceiling.
The Federal Reserve has presided over the death of the dollar, which is now in its final spiral. When the Federal Reserve opened in 1914, an ounce of gold equaled $18.99. Today, it takes more than 1,500 fiat dollars to buy that same ounce. In 2008, the banking industry became a shambles thanks to the bursting of the housing bubble, which had been created by the Fed’s easy-money policies.
Which investments have outperformed gold and silver in the last five years? A lot of investors are currently investing in precious metals, and gold and silver are especially popular. While this is in our view certainly a smart move, we feel that investors need to look beyond gold and silver and broaden their investment horizon. Read this article for some alternatives to precious metals…
Now that my colleague Porter Stansberry has made national news with his dire "End of America" video, I’m hearing a major question over and over… To paraphrase a hundred emails, the question goes: If you guys are right about the "End of America" prediction and a currency crisis, why on Earth would you recommend investing in U.S.-based stocks?
While today’s structural problems among Western nations are different than they were a decade ago or even centuries ago, the fundamental reasons that lead to a decline of a nation have not changed at all since the fall of the old Roman Empire, the breakup of the Soviet Union or other troubled economies. Read this article to learn what leads to the fall of nations and their currencies…
Can you tell me about secure retirement avenues as far as pulling money out and buying gold. Won’t there be heavy tax penalties? Will it be worth it to pull it out now and pay the taxes or leave it and hope that things don’t crash before they are of age? Should we be buying gold and silver now while waiting on the 401K?
Here’s something Scrooge McDuck would remember. On Jan. 21, 1980, gold hit what was then its all-time high, when it briefly touched $850 an ounce. When people speak of “gold’s glory days,” though, it’s a bit of a misnomer. Gold was above $800 for only one day. And it was above $700 for only four days. That’s one week for a bubble that saw the precious metal rise 500 percent from $160 an ounce in 1974, when Americans were once again permitted to own the Midas metal.
Dear Bob,On the verge of retirement, I am very confused about a few issues, so I hope you can give a few pointers? I have a retirement plan at work and a thrift fund which I recently transferred to an IRA Roth plan. But since the gov`t. will probably find a way to erase that, […]