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| The author believes it’s only a matter of time before the IRS disqualifies those accounts and begin penalizing investors with heavy fines. We suggest you secure your retirement with a Self-Directed Precious Metals IRA. Click here to learn more: http://bit.ly/2crJzt1
00:01 – Audio starts 00:04 – Announcer: “Gold and silver gave back some of Tuesday’s gains in trading. As often the case these days, what drives the market is guesswork about when, or if, the FOMC is going to hike rates.” 00:15 – “Yesterday, Fed officials spoke in glowing terms about the economy, as if the bad economic news of the past few days hadn’t been published. And that jawboning inspired some selling in precious metals and lifted the dollar.” 00:29 – “Investors who have bullion in a so-called home-storage IRA or are considering it should think twice that according to an article published in yesterday’s Wall Street Journal.” 00:39 – “IRAs where investors buy physical coins, rounds, and bars and then place them into proper vault storage are authorized to do so under IRS rules. Recently, however, some firms began promoting a home-storage option for IRA-owned metals.” 00:54 – “The author suggests it’s only a matter of time before the IRS disqualifies accounts that employ the home-storage scheme, leaving investors open to huge tax penalties.” 01:03 – Gold and silver price charts. Price charts do not reflect live prices. If you’d like to see live prices, please visit https://www.moneymetals.com/precious-metals-charts/gold-price |
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