Precious metal prices are subject to many fluctuations, making it a challenge for investors and collectors alike to stay on top of the market. With so much variety in pricing and demand, understanding precious metal price fluctuations can be tricky. To ensure you’re getting the most out of your investments or collections, taking some time to understand the factors that influence precious metals is key. In this article we will explore what causes these changes in value, how to analyze them correctly, and ways to use this knowledge to make better decisions when trading with precious metals.

The first step in understanding why precious metals fluctuate in price is recognizing the various sources of supply and demand influencing their values. Supply often comes from mining companies around the world while consumer trends drive up demand as they purchase jewelry or collectables made from these materials. Other drivers include economic conditions such as inflation or currency exchange rates which also impact metal prices significantly.

In addition to external forces affecting metal prices there are also internal ones at play. Certain production costs like extraction fees or refining expenses must be taken into account when evaluating a given commodity’s worth. Certain events such as political unrest or natural disasters may cause disruption within the marketplace leading to additional volatility in pricing. By keeping an eye on both external and internal factors related to any type of asset, one can begin to build more predictive models for assessing its future performance – something essential if you want success when dealing with valuable commodities!

Factors Affecting Prices

The price of precious metals fluctuates, and there are a variety of factors that can affect how prices move. Demand is the most obvious factor, as when demand increases for gold or silver, the prices will go up accordingly. Supply also plays an important role in pricing: if supplies remain scarce relative to demand then prices may rise since it’s difficult to obtain the metal at a reasonable cost. Other external influences such as geopolitical tensions, economic uncertainty, currency fluctuations, market sentiment and investor confidence can all have an impact on prices too.

Inflation has been cited as another potential driver of higher precious metal prices over time. When inflation rises, people tend to look for ways to protect their wealth by investing in assets that hold their value better than traditional currencies like US dollars or euros; this often leads them to buy gold or other precious metals because they usually perform well during periods of high inflation or economic distress. Additionally, investors may choose these metals as hedges against risk since they typically don’t experience large swings in price when markets become volatile.

Historical Performance Of Precious Metals

Precious metals have been a symbol of wealth and store of value for thousands of years. Historically, gold and silver prices have fluctuated significantly around the world over time in response to changing economic conditions. In some cases, precious metal prices are determined by supply and demand forces, while other times they serve as a safe-haven asset class that investors turn to during periods of uncertainty or financial crisis.

The historical performance of gold and silver has varied dramatically throughout history. During ancient civilizations, gold was seen as a form of currency and its price recorded relative to other goods such as food or livestock. As more nations began using paper money backed by gold reserves, the relationship between gold’s price and the strength of their respective currencies became stronger. This correlation continues today with many countries still maintaining a portion of their foreign reserve holdings in gold bullion. Silver historically served primarily as an industrial commodity used for everyday items like coins or jewelry but it also maintained its role as a store of value because its uses were so abundant across multiple industries during the 19th century Industrial Revolution period when mining production increased greatly.

In modern markets, both gold and silver prices continue to be heavily influenced by global market movements and macroeconomic trends including US dollar valuations, inflationary pressures from central banks, geopolitical tensions worldwide, interest rate levels set by governments etc.. These factors all play a part in determining how much people are willing to pay for precious metals at any given moment which can cause large swings in price on even short notice. Investors should keep this in mind when making decisions about adding these assets into their portfolio since timing is crucial when attempting to capitalize on potential gains or protect against losses due to sudden changes in pricing dynamics.

Analyzing Market Trends

The precious metal market is a complex and ever-changing entity. Understanding trends can help investors make the most of their investments and increase profits. To analyze these trends, it’s important to look at both short-term and long-term data points.

In the short term, gold prices tend to be driven by macroeconomic forces like currency exchange rates, inflation, interest rates, geopolitical events, or even natural disasters. For example, when currencies weaken due to economic uncertainty or political unrest in certain parts of the world, people flock towards buying gold as a safe haven asset. The influx of buyers results in an upward trend in gold prices—and vice versa if conditions improve and demand decreases. Meanwhile, other factors that affect shorter-term price movements include supply levels (such as new mines entering production) and speculative trading activity.

When looking at longer-term trends over several years or decades, many analysts focus on historical cycles such as bull markets (periods of sustained uptrends) or bear markets (periods of downward pressure). Here too economists pay attention to fundamental indicators like GDP growth or government policies since they tend to influence investor sentiment around gold as well as overall risk appetite across financial assets classed together with precious metals like silver and platinum for comparative purposes. Moreover, there are also demographic considerations – for instance millennials have been reported to invest more heavily into physical holdings than previous generations which could lead to further upside potential down the line depending on how this group behaves collectively going forward!

Determining Investment Strategies

Investing in the top precious metal IRA companies can be a great way to diversify your portfolio and take advantage of the potential for price fluctuations. When it comes to determining investment strategies, there are several important factors to consider.

*The first is identifying the type of metal you want to invest in: gold, silver, platinum or palladium. Each has its own unique properties that make them attractive investments. Gold is often seen as a safe haven asset due to its long-term stability, while silver offers greater liquidity than other metals. Platinum and palladium are also sought after for their industrial uses, making them potentially more volatile investments than gold and silver.

*Second is understanding supply and demand dynamics. Precious metals prices depend on many different economic forces, including production levels from mines, central bank policies, currency movements and geopolitical tensions. Investors should look at both short-term supply and demand trends as well as longer-term influences when selecting an investment strategy.

*Third is deciding what kind of exposure you want in terms of ownership rights over physical assets versus derivatives such as futures contracts or exchange traded funds (ETFs). Owning physical assets gives investors direct control but involves storage costs; whereas trading derivatives allows investors to gain exposure without having to physically store the metal itself. It’s important to weigh up these options carefully before investing so that you understand how they could affect your returns over time.

Finally, careful consideration must be given to risk management measures such as stop losses and hedging techniques like spreads or straddles which allow investors to protect against downside risks while still benefiting from potential upside opportunities in the market. By taking the time to research each factor thoroughly before investing in precious metals, investors can ensure they have chosen an effective strategy tailored specifically to their needs.


It is important to understand the factors that affect precious metal prices and the historical performance of these metals. Through analysis of market trends, investors can formulate investment strategies for their portfolios.

When it comes to investing in precious metals, knowledge truly is power; understanding how supply and demand affects pricing is a great way to make educated decisions when it comes to your investments. While fluctuations are part of any investment, you should always be aware of what could potentially cause price movements, both positive and negative. Market sentiment matters too – just like a drop of rain causes ripples across a pond, news or economic events can also have an effect on prices. To use an adage: ‘A stitch in time saves nine.’ In other words, if you keep track of what’s happening with prices over time, you’ll be better prepared to adjust your strategy accordingly when necessary.

In conclusion, taking into account all relevant factors before making decisions regarding investments in precious metals will help create more certainty with regards to returns and minimize risk exposure as much as possible. With diligence and careful planning, investors may find they are able to gain greater financial security from investing in gold and silver markets than from traditional asset classes such as stocks or bonds.…

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If you’re looking for ways to protect your retirement funds from market fluctuations, precious metals are a great option. While they may not be as profitable as stocks and mutual funds, they can provide security that other paper assets cannot offer.

However, it’s important to remember that precious metals shouldn’t become your entire investment strategy. Instead, they should add a little sparkle to your portfolio for diversification purposes.


If you’re looking to diversify your retirement portfolio and lower the risk of volatile paper assets like stocks and bonds, a precious metal IRA might be for you. Unlike those investments, precious metals have long been trusted to help preserve wealth in turbulent economic times.

But when it comes to putting your money in these types of assets, you have to be prepared for costs. You may have to pay for storage, custodial fees and insurance.

Another cost you need to consider is the seller’s fee, which can be a markup of up to 80 percent of the purchase price for physical precious metals like gold and silver bars or coins.

You can also avoid these expenses by using an exchange-traded fund (ETF) that tracks gold and other precious metals. These funds offer some of the same tax benefits as an IRA but come with lower costs.


One of the main benefits of a precious metal IRA is that it allows investors to hold gold, silver and other precious metals in an IRA without having to pay income taxes on them. Unlike stocks or bonds, precious metals do not generate dividends and interest, so IRA investors can avoid having to pay taxes on earnings while their assets are in the account.

However, if you sell precious metals in your IRA at a profit, you may have to pay taxes on them. The IRS treats all physical coins, bars and bullion as collectibles for tax purposes.

In contrast, gains on stock and bond sales are taxed at a lower rate of 15% or 20%. But profits from ETFs backed by gold, silver and other precious metals are treated as long-term capital gains and are subject to the top 28% capital-gains tax rate. This disparity in tax rates can catch investors off guard, leading to lower-than-expected net profits after tax.


Any seasoned financial advisor would tell you that diversifying your assets is the best way to protect yourself from any market downturn. Having all of your investments localized to one asset, such as stocks or paper assets like bonds and mutual funds, puts you at extraordinary risk when that asset’s value suddenly plummets.

That’s why many investors turn to precious metal IRA companies as an alternative to traditional assets like stocks and bonds. They do so because they offer unique value propositions that are not correlated to other market movements.

For example, stock prices are negatively correlated with bond yields, meaning that when one goes up, the other will often go down as well. This is why it is important to buy different types of investments within each asset class, such as stocks, bonds, ETFs, money market, and other cash alternatives.

Another way to diversify is by investing in a mix of companies that operate in various industries and markets. For example, if you own businesses that are located in several countries, you may be less susceptible to volatility in one market while still benefiting from growth in others.


Gold and silver can be a great way to hedge against inflation and tough economic times. They’ve historically held their value over the long term, though prices can lag behind other investments like stocks.

There are many ways to invest in precious metals, including through a self-directed IRA. But if you’re considering using precious metals as an anchor for your retirement portfolio, you should choose carefully.

First, you should do your research on the investment company and its reputation. Look for a trustworthy company with strong customer reviews and a track record of success.

Next, find out whether it allows rollovers from 401(k) or IRA accounts to precious metals. If it does, you may be able to fund your SDIRA by rolling over some of your other retirement savings to this account.

If you want to include physical precious metals in your IRA, you’ll need to use an established custodian. These companies are typically banks, trust companies, credit unions, brokerage firms and savings and loan associations approved by federal and state agencies to provide asset custody services.…

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A metal detector is an important piece of equipment for many people who enjoy hunting for treasures. It can also be an invaluable aid to law enforcement officers in tracking down criminals who might be hiding in plain sight. However, it is not all fun and games. There are some things to consider before you purchase your first metal detector.

Discrimination feature

Discrimination is a feature of most modern metal detectors. This feature allows you to filter out certain objects while still allowing you to scan through a wide range of targets. You may decide to use discrimination to avoid junk metals, while keeping an eye out for valuable finds. However, this can also affect the efficiency of your search.

There are several types of discrimination. Generally, the basic type of discrimination uses a dial to select the segment of the target ID that you want to look at. The dial can be adjusted to increase or decrease the amount of discrimination you use.

It is a good idea to learn your device’s language, which includes its controls and settings. A good place to start is the manual. Learning what your device is capable of and the features that are available will help you get the most out of your search.

Notching feature

There are a few different types of metal detectors and some have a notching feature that will help you find buried treasure. Some of the best ones have a custom function that allows you to create your own custom search profile.

One of the features that makes a metal detector more versatile is its ability to discriminate between different kinds of metals. You’ll be able to filter out items that are junk while allowing the good stuff to pass through.

For example, some detectors have an iron identification LED that will light up when a metal item passes through it. This is especially useful in deeper waters, as it will give you an advantage over other metal detectors.

Some other features you may find are adjustable sensitivity and a depth scale. These allow you to increase the sensitivity of your detector while still keeping it within your budget.

Pulse induction

Pulse induction in metal detectors is a technique that sends strong, short pulses of current through a coil of wire. Upon passing through an object, this current induces eddy currents in the nearby metals. These eddy currents form a complete circuit that creates a magnetic field.

When the current in the coil decays, the magnetic field it created collapses. This causes a brief electric shock. An analog or digital comparator detects the length of the pulse. The resulting pulse lasts about thirty microseconds. A small echoe of the signal is added to the reflected pulse, which is then processed by the metal detector circuit.

In pulse induction metal detectors, this process is repeated over and over until the reflected pulse is completely dissipated. Depending on the type of metal the detector is used on, the reflected pulse can last longer or shorter.

Interference with metal detectors

The best metal detectors for coin shooting have some pretty cool features. These include the FastGrab technology which will cancel out interference from ground mineralization. Another cool thing about this detector is its easy to use interface. It also has a nice battery life.

There are many things that can interfere with a metal detector. For example, your cell phone can emit electromagnetic fields which will interfere with the detection device.

If you’re going to metal detect, you should be aware of the surrounding area, and make sure to take a map. You should also check out the surroundings, as well as the ground, for any objects that might interfere with your metal detector.

One cool feature of a metal detector is the ability to find buried coins. This is particularly useful in areas where old junk is common. Mining camps are a great place to look for this. Many times, these old places will have abandoned equipment and relics.

Illegal metal detecting

Illegal metal detecting is a crime in which historic artifacts are dug up and then sold or stolen. Many cities and states have laws that restrict the use of these devices.

If you are using a metal detector in a restricted area, you must first seek the permission of the land owner. Several federal lands, including National Forests, are not permitted to use metal detectors.

In addition, a person must obey the law regarding the removal of human remains and other protected sites. Also, if a person finds an object of historical significance, he or she must report it to the proper authorities.

Some areas may have additional protections that can help you obtain permission to use a metal detector. For example, in some parts of Europe, the Portable Antiquities Scheme provides guidance for landowners.…

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If you are interested in gold investing, you might be wondering where the best places are to buy and store the metal. There are several great places to invest in gold, including Switzerland and the United States. New York, for example, holds the largest stockpile of gold in the world. London is another top choice. And if you don’t want to pay high taxes, Washington is one of the best states to invest in gold.

New York holds the largest stockpile of gold in the world

New York is home to the largest stockpile of gold in the entire world, according to the Federal Reserve Bank. The rest is held by foreign countries. As gold’s price continues to rise, banks and governments are increasingly investing in the precious metal. The Federal Reserve Bank of New York is one of the four designated gold depositories of the International Monetary Fund (IMF). As of December 2016, the IMF held more than 690 million ounces of gold in the United States.

The IMF and the Bundesbank hold over 2,000 tonnes of gold in the New York Fed vaults. In 2013, the IMF on-market sales likely came from non-US stock. India purchased 200 tonnes from the IMF. But India does not have any gold in New York. The IMF would have used London Good Delivery Gold instead of the gold in New York for these sales.

Switzerland is a good place to store gold

Switzerland is a good place to store gold for a variety of reasons. The country has a long history with gold, and is home to some of the world’s most renowned bullion refineries. Many bullion storage companies also choose Switzerland as a place to store their customers’ gold.

Another benefit of Switzerland is that it is a safe place to store for the top gold IRA companies. The country has an extensive and well-organized system for vaulting precious metals. As a result, many Swiss citizens maintain a part of their portfolio in precious metals. The country has some of the safest vaults in the world, and this makes it a great place to store gold.

Another reason that Switzerland is a good place to store gold is the country’s economic stability. The country is well-known as a safe haven for precious metals, and there are local companies that offer storage and vaulting services. There are many different options for storing gold in Switzerland, and many of them are cost-effective and convenient. You can choose between standard allocated storage and individual storage. The first type of storage is a common and cost-effective option. The second option is a more private option. You can also store your bullion in a collective vault area, which is incredibly secure.

London is home to the largest amount of gold in the world

While governments and banks store 32% of the world’s gold reserves, more than half of it is used for jewellery. China and India account for most of the world’s gold demand, with every Indian wedding requiring an average of 30 to 40 grams of gold. The recent volatility in the global gold market has led to an uptick in interest in gold as an investment. The first high street gold showroom in London opened in January.

The bulk of gold is stored in vaults underneath the City of London. The gold is stored on two floors, which prevents the vaults from sinking into the city’s clay. Other smaller commercial vaults are located inside the M25 and around the Heathrow Airport. One of the largest, the ICBC vault, holds 2,000 tonnes of gold and took a year to build.

Washington is among the most tax-friendly states in the US

Washington is one of the most tax-friendly states in the US when it comes to investing in gold. Unlike most other states, Washington doesn’t require residents to pay their entire income in taxes. Washington residents who earn less than $30,000 per year pay only 18% of their income. However, high earners pay a lot more. This is known as “regressive” taxation. Washington’s tax laws penalize low-income earners more than high-income earners.

Many people are concerned about the future of their retirement funds. While they have the option of sending money to Wall Street brokers, they aren’t confident in the future of the financial institutions they use. Investing in gold or silver may be the solution for them. These metals are non-correlated and are a key to true diversification.

Elko is home to the largest amount of gold in the US

The mining process in Elko, Nevada, involves grinding ore into a fine powder, and percolating it with a weak cyanide solution. It is then poured into bars called dors, which are roughly the size of a loaf of bread and weigh up to 60 pounds. The bars are then shipped to refineries, where they are turned into bullion, or gold coins. The gold is then sold to banks.

Before the gold rush, Elko was primarily a transportation hub. It was the main stop between Salt Lake City and Reno, and was part of the transcontinental railroad, which linked the east and west. It was also a part of the California Trail, and in the mid-1800s, the ill-fated Donner Party stopped in Elko to make the trek west. Today, the Union Pacific railroad still operates a large main yard outside of town, where maintenance and switching crews live and work.…

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If you’re looking for US cities with the highest houehold earnings, you’ve come to the right place. While San Francisco tops the list, other California cities are also high earners. From Los Altos to San Jose, these cities are home to some of the wealthiest residents in the US.

San Francisco is the richest city in the US

Bloomberg recently compiled a list of the richest cities in the US. In addition to San Francisco, there are six other cities in the list. Most of these cities have a high-quality educational system, close proximity to a major city, and high-profile companies.

San Francisco has a high rate of education, and over half of its adult population holds a bachelor’s degree. This means that incomes in San Francisco tend to go up with educational attainment. Those with a bachelor’s degree earn an average of 32.0% more than those with only a high school diploma.

San Jose

San Jose has a high household income, but it is not the highest in the nation. In the ACS’s 1-year survey, per capita income in San Jose is $61,400 – nearly $22,000 higher than the median income in California. This means that while many San Jose families earn well above the national average, more than half of them can’t afford basic necessities.

San Jose has an ethnically diverse population. In a recent report, Trulia ranked San Jose as the most ethnically diverse metro among the nation’s 100 largest metro areas. The city is made up of 35% White residents, 28% Hispanics, and 3% of people of two or more races. The diversity of San Jose is reflected in the city council, which includes the first Vietnamese-American, Chinese-American, and Indian-American city council members.

Los Altos

Los Altos has a very high average household income and is the second highest income city among small cities in the United States. The median home value is also high, at 17.2% of median household income. This is far higher than the US average of 39.2%, and nearly twice as high as the California average.

The cost of living in Los Altos is 9% of household income, which is lower than other places in the metro area. The most expensive place in Los Altos is Loyola CDP, which has the highest cost per household income (14.9%).


While housing values in the Boston Metro area remain low, the median home price in Wellesley is high, and the city is one of the highest-income places in Massachusetts. The median price for a single-family home in Wellesley was $1.3 million in 2017. The city has a burgeoning real estate market and has been redeveloping a number of old homes. In fact, since 2009, the city has issued 575 demolition permits. While these projects increase the value of assets, they don’t result in a net increase in housing units.

Although the town is characterized by its wealth, it does not have much diversity in terms of racial and ethnic groups. In fact, only 17 percent of the residents are minority groups, and almost half of the population is Asian. Wellesley is also relatively homogenous, with a predominantly white population and the lowest percentage of blacks in the Boston Metro area.


A town’s median household income is an important indicator of the level of wealth in the neighborhood. In 2013, CNNMONEY ranked Potomac as one of the wealthiest places in the United States. It also ranked among the top ten top-educated small towns. Forbes magazine ranked Potomac as the seventh most educated small town in the United States. In 2011, BLOOMBERG BUSINESSWEEK named Potomac as the 29th richest zip code in the U.S. Potomac is home to the largest population of any zip code in the country.

Potomac’s median household income is $120,748 – considerably higher than the US average of $62,500. The city’s job market grew by 0.8% last year, and job growth is projected to be 31.0% higher in the next ten years – higher than the US average of 33.5%. Income is correlated with education, and 63% of adults in Potomac have a bachelor’s degree, compared to just 31% nationwide. The median household income in Potomac varies widely, from $43,051 in some neighborhoods to $226,090 in others. Higher income areas are generally located in the center of the city, while lower-income neighborhoods are located in the northwest.


The wealth gap between the rich and poor in Boston continues to widen. A recent report from the Boston Foundation’s research arm, Boston Indicators, concludes that not everyone in Boston is benefiting from the region’s economic growth. The report uses American Community Survey census data to compare the incomes of households in different neighborhoods in Boston. It found that while the incomes of households at the 20th percentile fell, those in the 95th percentile rose eight percent.

According to the ACS, the median household income in Boston is a high $76,796 per year, but varies considerably between counties. In Suffolk County, the median household income is $61,796 while in Essex County, it is $73,900. This makes Suffolk County the most expensive neighborhood in the metro area. Rents in two-bedroom apartments in Boston are generally above half of the median household income.…

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Your credit score is a reflection of your financial health. It is based on the amount of debt you have and your credit limit. The less debt you have, the higher your score will be. If you are unable to pay off your balances, you can consider hiring a credit repair agency.

Paying down balances

If you’re looking to boost your credit score, paying down your credit card balances is a good idea. This practice will increase your credit score because it reduces your utilization of available credit. It can be done by following a strict budget or selling something you no longer need. As long as you make your payments on time, this will have a positive impact on your credit score. Furthermore, you’ll pay less interest and keep more of your money in your pocket.

Another way to raise your credit score is to make more payments on time. You can set up due-date alerts for certain dates to help you remember to pay your bills on time. This is the first step to raising your score. Next, you can call credit card companies to increase your credit limit. This process shouldn’t take more than an hour.

You can also use a debt snowball or avalanche strategy to pay off your debts. Paying off your debts in this way will improve your credit score quickly. Make sure you don’t use more than 30 percent of your available credit because this will lower your score.

Paying bills on time

Paying your bills on time is one of the best ways to raise your credit score. More than 30% of your score is based on your payment history, so paying your bills on time can make a big difference. Your score reflects how much you owe, as well as your debt to credit limit ratio. A higher ratio means you are less likely to default on your payments and improve your credit score.

One way to avoid missed payments is to set up automatic bill payments for most of your bills. Some utilities offer this feature, and most will allow you to set up an automatic withdrawal from your checking, savings, or credit card. Even some student loan companies offer a reduced interest rate if you choose to set up autopay.

You can also set up reminders for yourself to pay your bills on time. Many banks and card issuers have automated payment reminders, and many others offer mobile apps or calendar invites to help you remember when payments are due. Regardless of the system you choose, paying your bills on time every month is the best way to raise your credit score.

Avoiding errors on your credit report

Credit report errors can cause significant damage to your credit score. In fact, one out of five consumers will have an error on their report. Incorrect information can affect your credit score by making you appear to be less creditworthy than you really are. To avoid this, you must first determine if there is an error. Errors can appear on your report due to a variety of reasons.

If you notice any error in your report, you can dispute it by writing to the credit reporting agency. You should also include copies of any supporting documents. You should make sure that you send the dispute letter as soon as possible to avoid any delays. It is also recommended that you send it by certified mail with return receipt.

The Fair Credit Reporting Act protects your credit history. If you find any inaccurate information, dispute it as soon as possible. Some creditors don’t report account activity to all three credit bureaus. If you find negative information on one report, check the other two reports to ensure that there are no duplicates. It is also important to follow up with the credit bureaus to see if they have responded to your dispute.

Finding a credit repair agency

Finding a credit repair agency is a crucial step in repairing your credit. Many people face difficulties when trying to obtain credit because they owe money to many different organizations. This can account for 30% of your overall credit score. Many of these organizations may also have high balances, which can negatively impact your credit score. A credit repair agency will find ways to reduce your bad debt and consolidate your payments, helping you keep your credit score up.

The process of fixing your credit score requires some time and effort. Some people may decide to do it themselves, but it is best to work with professionals who have years of experience in repairing credit reports. These professionals can often give you better results than you would be able to achieve on your own.

Credit repair companies should be able to answer specific questions about your credit and give you an accurate cost estimate. If they can’t give you an accurate estimate, you have the right to cancel the contract. It is also important to avoid companies that ask for money upfront, as federal law prohibits such practices.…

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After Hurricane Ian, lots of people have lost power in the West Coast of Florida. It’s something we all take for granted most of the time. There’s nothing to worry about because Governor Desantis had 40,000 trucks waiting to bring back the power for Floridians.

The cities that got hit the worse were Cape Coral, Fort Myers, and Naples. There were reports of businesses being completely flooded and losing all of their inventory. Many of these businesses have finally gotten power back but aren’t up and running yet.

The scary thing about these hurricanes is you don’t know what’s going to happen. Leading up until the day or two before, you don’t know if your city is going to get hit. So you have to prepare.

Preparing Your Retirement

This brings us to an important topic that used to be taboo but is now of utter importance. And that’s preparing yourself for retirement. The stock market is tanking and retirement accounts are being wiped out. The best way to protect against this is with precious metals.

Did you know that you can hold precious metals in an IRA or basically any retirement account you have like a 401k, ESP, 403b, etc.

You can do it without penalty if you’re over 59 because you can take distributions without penalty. You actually have to start taking distributions at 59. You can actually rollover or transfer funds you have into a self directed gold IRA that holds other precious metals too. It’s just looked at like a distribution.

If you’re younger than 59 and you don’t want to wait, you’ll pay a penalty fee for withdrawing distributions early. But you just have to determine if the fee you have to pay is greater than loss you’d take by keeping your money in the stock market.

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