Member-only story
Investing in gold/silver for low-to-middle-income earners
When the Taxpayer Relief Act of 1997 came into law, it opened the gates to a lessor known secret of building wealth. This legislation enabled investors to place certain types of physical precious metals in their self-directed IRA accounts, as long as the coins and bars meet IRS fineness standards and are held in an approved depository until withdrawal. But for some strange reason, financial advisors have stayed quiet about this money-making opportunity for many years.
Investors are aware that self-directed IRAs offer much greater control over investments as compared to other retirement accounts and provide access to a variety of asset classes.
The precious metals loophole offers protection against inflation, security from market crashes, and enables long-term wealth preservation.
Furthermore, there is also potential to gain higher profits through coin premiums which exceed the spot price of metal.
But, as some watchers of the Edu Matrix channel have pointed out in the comment section, it may be wiser to buy silver than gold. The reason these investors are against gold is a history lesson within itself.
