The financial system of paper assets has become more complex since 1971. Since the evolution of computers, the idea of money has taken on different behavior. With the attitude of debt and reckless money printing and creation, our money is losing the trust of the people. Central bankers and governments have weakened the store of value of our money tremendously with the attitude of “we can print and spend as much as we want to infinity”. Hedge funds and speculators have turned the markets into casinos. The purchasing power of our paper assets is dwindling with inflation and dollar devaluation and spiraling out of control.
What is more appalling is the privacy of our money. The financial system is going digital. If the global elite has their way all of our assets will be located at the Fed or Treasury. Our money and retirement accounts will be digital currency monitored by these same lunatics that are proposing a one-world government and one-world currency. The Great Reset will allow eyes to see all of our financial transactions in and all our financial transactions out of the system. It would be a great idea to take some of those paper assets now and convert them into a liquid physical asset like gold while you still can.
Cash at home can be used to own gold
It is not outrageous to be a grown-up and have accumulated some cash at home under the mattress. That cash is being eaten alive by inflation and fiat currency devaluation. Cash that isn’t living expense money or emergency money is dwindling away. With inflation that cash is losing over 10% a year in purchasing power. Cash is a paper asset that can be converted into physical gold that you hold outside of the banking system.
A currency transaction report (CTR) is a bank form used by financial institutions for transactions over $10,000 in cash. Have you ever tried to deposit or withdraw over $10,000 at your bank? This is reported to regulators to avoid money laundering and suspicious activity. Banks, government agencies, or public corporations are exempt from needing CTRs when they transact large amounts. It’s ordinary people like you and me that are under surveillance when it comes to our cash and how we use it. It is very convenient and advantageous for the banking system to not allow us to access our own money whenever we want privately. In the meantime, you can still use some of your cash to own physical gold privately as long as these transactions aren’t “structured”.
Non-qualified paper asset accounts can be moved into gold
The national average interest rate for savings accounts is 0.06 percent, according to Bankrate’s April 27 weekly survey of institutions. According to Bankrate, the current interest rate for a 1-year CD is 0.27%, a 5-year CD rate is 0.48%, a 1-year jumbo CD rate is 0.30%, and a 5-year jumbo CD rate is 0.49%, and a money market account rate is 0.08%. You are seeing your purchasing power dwindle if inflation is over 10% and currency devaluation continues, which it surely will. If you put $100,000 in a 5-year CD at .05% you will have $102,500 in your CD when it matures five years from now. That’s a disgrace if you consider inflation. Wouldn’t that money be better allocated in gold you hold?
Converting a non-qualified paper asset account into physical gold is easy and unlimited per transaction. The non-qualified account simply means it is an account that is not a retirement account like an IRA or 401(k). A non-qualified account is simply an account like a trading account, a checking account, or a savings account. A personal check, cashier’s check, or bank wire can be used to purchase your physical gold in any amount without any government reporting. The money in these accounts has already been taxed and you still can move it around as you see fit. The hourglass is flipped and the ability to do this is limited if we consider the push for digitally monitored currency transactions.
Old retirement accounts can be rolled into a Gold IRA
A retirement account from a previous employer is a great example of a paper asset account that you can still roll over into a Gold IRA. Some of these accounts include an old 401(k), 403(b), a 457(b), or a TSP. Existing plans may also be rolled over into a Gold IRA if the employee is vested or is over a certain age. Each plan typically has rollover paperwork or a form to move your funds tax-free into a Gold IRA. It would be a great time to move some of these paper assets before the stock market and bond markets take too much of them away. Your gold can be held in a depository until you decide to take it out.
Existing IRAs can be moved sideways tax-free into a Gold IRA
A Traditional IRA, a Roth IRA, a Simple IRA, and a SEP IRA are great when stocks and bonds are working. As stated many times before we just finished a 30-year bull market for bonds and historically the best decade for equities. This was due to artificially low interest rates, money creation, and debt. The party is over. Japan made a high in its stock market in 1989 and has never eclipsed that mark to this day. While you still have the majority of your gains in your paper IRAs it would be a great idea to diversify some of it into a tangible asset like gold.
The conversion of a paper IRA into a Gold IRA is easy. Once a new account is open at a self-directed IRA company, a transfer form is prepared for your existing IRA. Those paper IRA assets are moved over sideways and used to own your precious metals for your Gold IRA. This move does not trigger a taxable event. Your precious metals sit in your Gold IRA and collect dust until you decide to sell them or take delivery of all of your gold, silver, and platinum IRA assets. It would be a great time to do this until “The Party” says that you cannot.
We all know where this is headed, folks. The banking system is corrupt. The government is drowning in debt. The dollar is being devalued into oblivion. Account surveillance is around the corner for our digital currency accounts and our digital currency retirement accounts. You don’t have to lose all of your control before that happens. You don’t have to see your retirement funds dwindle in purchasing power. You don’t have to see your cash turn into toilet paper as the entities in charge continue to make wrong decision after wrong decision. You still have time to turn some of your paper assets into something that you control, is private, and based on its track record will hold its purchasing power. Gold is your lifeboat to save your nest egg from this sinking corrupt ship navigated by elected officials who have their best interests in mind.