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For the best IRA investment options and advice, make sure you read this post in its entirety. This is where you will learn everything that has to do with Regal Assets. Regal Assets is one of the best IRA investment companies which specializes and prides itself in helping people like you with the best gold investment options and advice. What does IRA eligible Gold mean? This is one of the questions that will be answered at the end of this post.
Best IRA Investment Options Companies and Advice – Why Choose Regal Assets
First and foremost, let me share some of the most critical news about your money. You will understand why investing in gold is the best option for your retirement account. You better grab a chair as this might simply knock you off your feet.
Before you read any further, I would like to mention a few IRA investment options.
The best IRA investment options include the following:
- Precious metals such as Gold and Silver,
- Trust and mortgage deeds,
- Bank CDs,
- Private corporate debt offerings,
- Government securities,
- Public mutual funds,
- Public stocks and bonds.
These are only a few IRA investment options to mention. We highly recommend precious metals as one of the best IRA investment options for the reasons mentioned below.
Why Invest in precious metals such as gold and silver
This past Thursday, United States banking giant Wells Fargo announced that it had been quietly and secretly opening millions of credit cards and bank accounts throughout the last five years. What puzzled us all was the fact that they had not asked for permission from any of their customers before doing this.
This is what happened…
A savings account would simply be opened by a bank employee for a certain customer. For the purpose of this example, let us assume that the customer was you. What would happen is they would then transfer over some money from your personal checking account to fund this unauthorized savings account. You need to remember that the bank never asked for permission to perform such activities within your account.
Exactly how extensive was this fraudulent practice?
It should definitely come as a surprise to learn that the Consumer Financial Protection Bureau stated that the bank opened over 2 million different accounts. These are the same accounts about which consumers had no knowledge. Wells Fargo claimed that it is taking necessary steps to address the issue, too late for that!
Responsible managers were also involved in the inappropriate selling activities, which included 5,300 employees who were hired for the sole purpose of opening these unauthorized accounts. As a result of the above, the bank is paying the Los Angeles city attorney $50 million, the Consumer Financial Protection Bureau a record high fine of $100 million, and the Office of the Comptroller of the Currency $35 million.
Besides this, the bank has set aside some $5 million to compensate customers who have been charged service costs and fees during this scandal. Trust me, this may sound like a stiff penalty, but $190 million is nothing compared to an over trillion dollar bank with well over 100,000 employees and thousands of branches across the entire country.
I am pretty sure you are asking yourself the same question. You might wonder why a bank would engage in such behavior. My advise it to start looking at the best gold IRA investment options.
Richard Cordray the Consumer Financial Protection Bureau Director said it was to “hit sales targets” so that employees could receive bonuses. Former employees of the bank have stated they were under threat of losing their jobs if they did not hit daily sales quotas. These high pressure goals encouraged employees to sidestep the rules.
The CEO of Wells Fargo John Stumpf has been requested to testify before the Senate Banking Committee. The committee will hold a hearing on September 20 to grill bank officers over what happened. If you understand something about the inner workings of big banks, then you already know what occurred.
Either the highest levels of management were not aware of the practices in their massive organization, or worse still, they encouraged them. In any case, it is yet another example of big banks acting imperiously with your accounts and your money. You trust them to manage your funds safely and honestly, and they have no idea what their organization does with it.
Once again…the best advice would be NOT to put all your eggs in one basket!
Why Choose Regal Assets as a Gold IRA Investment Option
Also, this is where two of the most important words come into play: safe haven.
The best way to protect yourself from all these money scams is to take a portion of your hard earned money away from the banks and simply invest it into the world’s greatest safe haven: gold. This process will only cost you a measly 0.01% interest which the bank is paying for using your savings. Gold has no counter-party risk like accounts at the big banks do.
Back to our shocking story…
This is the face value of a stock or other security, as distinct from its market value for the industry. The enormous banks only provide very little transparency, if you want to call it that. The Wells Fargo annual report details a category of industrial and commercial loans that amount to $300 billion. Nothing is said about how this amount breaks down or who receives these loans. This is non transparency at its core.
Wells Fargo is not the only bank that lacks transparency. I can only assume that most of the mega banks operate with the same secrecy. No one can say with any certainty what is happening inside such an organization until the bank encounters major problems. This will prove to be the same as what happened in the banking crisis and Great Recession of 2008/2009.
This is why you can not say with confidence and absolute certainty that your money is safe in the bank. It could easily be poured into another type of toxic loans and investments. As this latest Wells Fargo example has shown so clearly, the biggest risk in the banking system is that the people managing your money are not trustworthy. What can you do to secure your financial future?
Invest in Gold, This is Your Best Option!
What does IRA eligible gold mean?
This simply means this precious metal is acceptable for an IRA account. You can then set up an IRA with a Precious metals holding company that will fund an IRA for you using the value of the metals you deposit with them. Choosing the best IRA investment option as gold is the best thing to do.
For the best Gold IRA Investment options, companies or advice, I strongly recommend Regal Assets. You have absolutely nothing to lose. Simply grab your free Gold IRA Rollover guide by following the link below.
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