Gold & Silver IRA Accounts Go Bankrupt!
02/11/23 Gold & Silver Price Report
Commercial Rare Coins
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954-776-COIN
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Antiques & Jewelry By The Sea
Antique Shop located in Lauderdale By The Sea
(954) 835-5015
Commercial Rare Coins & Precious Metals
In the business since 1977 and at the same location since 1995!
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Commercial Rare Coins
219 Commercial Blvd,
Lauderdale By The Sea, FL 33308
954-776-COIN
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All About Commercial Rare Coins & Precious Metals Coin Shop…
We’ve been buying, selling and appraising gold, silver, rare coins, currency, and Antiques for over thirty years. We carry an extensive inventory of gold, silver, and platinum coins/ bars/ rounds. We also carry flatware, hollowware, jewelry, and many types of collectibles. We have served South Florida since 1977, let our 30 years of experience help you get the most for your items….(read more)
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
Gold and silver IRA accounts are popular among investors who seek to mitigate their risks by diversifying their portfolios. However, a recent report indicates that some of these accounts have gone bankrupt, leaving investors with little to no recourse.
On February 11th, 2023, the gold and silver prices experienced a massive drop, causing panic among investors. It was during this period that some IRA accounts holding gold and silver investments reportedly went bankrupt. The incident left many investors wondering how they could avoid such a situation in the future.
Gold and silver IRA accounts are typically managed by custodians, who are responsible for holding the underlying assets on behalf of investors. In theory, if a custodian goes bankrupt, the assets held in the IRA account should be protected from creditors, as they are considered the property of the account owner. However, this protection is not always guaranteed, as demonstrated by recent events.
The bankruptcy of an IRA custodian can have catastrophic consequences for investors. In the worst-case scenario, investors may lose their entire investment, as the custodian could sell the underlying assets to pay off creditors. Even if investors can recover some of their assets, the process can be complicated and lengthy, and they might not receive the full value of their investment.
To protect themselves, investors must do their due diligence before selecting an IRA custodian. They should research the custodian’s financial stability, track record, and reputation. It is also important to ensure that the custodian is registered with regulatory bodies, such as the SEC, and has proper insurance coverage. Ideally, investors should choose a custodian with a long history of reliable service and a proven track record of protecting their clients’ investments.
Another alternative for investors seeking to invest in gold and silver is to purchase physical bullion directly from reputable sellers. While this option requires investors to store the bullion themselves, it avoids the risks associated with a custodian’s bankruptcy. However, it also means investors are responsible for ensuring the security and safekeeping of the bullion, which can be challenging and costly.
In conclusion, the recent bankruptcy of some gold and silver IRA custodians highlights the need for investors to exercise caution and due diligence when selecting their custodian. Investors should look for reliable, trustworthy, and financially-stable custodians that are registered with regulatory bodies and have proper insurance coverage. Alternatively, investors can purchase physical bullion directly to avoid custodian-related risks. As with any investment, research and prudence are key to success.
Hey Brian, great show. Easy on that Jan 6 talk, pitchforks and torches etc. No need to draw any attention. We just need to stack and stay under the radar…
Gold and silver for me. Copper if I just have a bit spare money. Oh and yes Z is using Chemical weapons in that country now. War crimes committed with my tax money. Calling Congress I want no part of it.
Argent is based out of DELAWARE…hint hint.
☕️
The powers that be will lose the chokehold on the people or the people will be choked out. They're almost squeezing the life out of them. Control or the power of control is blinding the puppets operators, the stings are starting show. They don't even care that the curtain has fallen down. Who knew the yellow brick road so informative.
Hi Brian, right with ya on CBDC we don't accept debt or credit cards and for the past 20 years we told the customer why when they control the money they control you they don't care abd were done telling them
your mate ted butler invests in ETFs we have no choice here in uk because of 20% vat on silver .its better for in and out trades which is perfect for silver ,you cant do it with physical because of premiums. i hold physical gold for my grandkids there is something special about it
https://www.youtube.com/watch?v=dzJT4NDOAmI
I enjoy your pov, & I’m interested in your “no central bank DIGITAL fiat accepted” stance… What’s the difference in conducting business in “PAPER fiat” from the same central bank? Truly appreciate your content!
Great Vid as usual, I gave you a follow on Twitter. Have a great weekend.
I used to be an avid listener/watcher of BBC, NPR and Australian ABC and SBS. But they have all became compromised and their failure to report news that do not align with the respective governments' views is as bad as reporting fake news. Now, for news about the Ukraine war, I watch The Duran, Scot Ritter, Colonel Douglas Macgregor, Jeffrey Sachs, the Grayzone, Garland Nixon, Brian Berlectic and Redacted. For news regarding China, I watch Cyrus Janssen, Daniel Dumbrill, Nathan Rich, Andy Boreham, Danny Haifong among many truly independent reports and analysts. I also watch whatever is available from Glen Greenwald, Jimmy Dore, George Galloway, Chris Hedges, John Pilger, and of course the great Seymour Hersh.
I hope everyone is having an amazing day! keep Stacking.
: )
CBDC's……LET THE SABOTAGE BEGIN !!!!!!!!!!!
The Banks engineer the volatility in PM markets. Because they do not want the herd to start dumping fiat and buying PM.
Brian!!! I have a shot at a quantity of WAR NICKELS.!! Should I bite if I can get them for under melt? Seller says he has a bucket of them, but I don't know how big the bucket is. Thanks for all the great broadcasts! I think I've been with you for just a year or two.
I'm on the other coast, so I can't visit your store. I wish I could afford to buy enough to have you ship it to me. I do think silver will go down in the short term, but I bought some today because it is still a great value.
What a fabulous live picture
You are exactly right about Ukraine they're using it to LA UNDER money from the US
Comex ransomware
Heat Wave here in Wisconsin…..42 Degrees today
Checks Robs article from gold/silver pros
Good afternoon Brian! Thanks for another inspiring video!
Hi Brian, Enjoy your commentary, I have been stacking for years both gold/silver. What is your take on guys like Harry Dent who is calling for a crash of gold to $900 by end of 2023! He is a chart guy, I get it, basing it on 08' to 10' pricing??
8 min in no mention of the thumbnail you lost me.
That coin spinning sounded like someone tossed a man hole cover on the ground.