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.
Over the past several months, we have seen rioting in some Arab and European countries. The riots were sparked by the high costs of food, government austerity measures and government oppression. We have some of the same dynamic going on in the United States. But through a system of bribery, the U.S. government has succeeded, at least temporarily, in preventing Americans from rioting in the streets.
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.
Do you still recommend having cash on hand in view of the coming collapse of the dollar? Will there be an interim period to use paper, or will there be an immediate collapse?
Do you recommend having copper coins on hand?
We have read about forced inoculations for H1N1 coming this fall. Is this true?
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?
The growing political chaos in Libya has caused oil prices to spike and has raised concerns about further inflation in the United States.
Earlier this month, Federal Reserve Chairman Ben Bernanke admitted that the United States’ economy is "overheated," "growing too quickly" and "short on resources."
When facing questions about foreign currencies, a common response is, “I don’t care about currencies. I buy my milk, butter and bread in United States dollars, I get paid in U.S. dollars and my mortgage is in U.S. dollars.” Read this article to learn why foreign currencies need to be a part of your investment portfolio…
I don’t know which team you were cheering for in the Super Bowl, but a friend of mine said there are 5 million reasons we all should have been cheering the Packers.