SBTV asks David Drummond of Georgetown Trust about gold self-directed Individual Retirement Accounts (IRAs) and the benefits of going international/offshore to diversify wealth in times of economic uncertainty.
Discussed in this interview:
00:53 What is a Self-Directed IRA?
02:08 Difference between an IRA Custodian and an IRA Administrator
03:34 Difference between a 401K, Roth IRA and Self-Directed IRA?
05:35 What does it mean to go international/offshore?
08:04 Favorable jurisdictions and second passports
13:10 Benefits of having international bank accounts
16:38 Governments poking around in foreign bank accounts
22:43 Holding gold offshore to diversify wealth
24:46 Self-directed gold and silver IRA
27:25 Any restrictions to the type of gold and silver that can be bought with IRA
29:26 Asset protection for business owners
33:33 Offshore LLC vs International Business Company(IBC)
38:39 Foreign earning income exclusion(FEIE)
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LEARN MORE ABOUT: Precious Metals IRAs
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
REVEALED: Best Investment During Inflation
If we expect a repeat of the 2008 financial crisis soon, how are we protecting our wealth from the next collapse? We did this interview also to highlight the power of jurisdictions. You want to seek out places where you are treated best and protect your hard earned wealth best! We also cover gold or precious metals IRAs because many Americans are probably still not familiar with them. Hope it helps to ignite ideas on managing your assets and increase your options!
If we store PM in Singapore, do we need to make any reports to the local government?
Thanks this was great! Learned a lot about how to protect wealth!
Yeah have it in hand so you can sell it at the local pawn shop before it goes back to pennies. 2/21/19 GOLD SLAMMED SILVER SLAMMED ALL PUMP AND DUMP!
I was never so lost. What is he talking about? To whom is he talking? This is not for all of us, right? You would do the rest of us a favour to give a hint in the headline…. SORRY!!! You did: "We also cover gold or precious metals IRAs because many Americans are probably still not familiar with them". Out at 1:18.
For ever on end I've been trying to retrain people's attitude toward the international opportunity and so to change their misuse of the term "globalist." As you know it's used in attacks because of the political bullshit. I'm apolitical anyway. I point people to importance of cross border payments and the pool of costumers mostly who are global.
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