PHYSICAL SILVER IN YOUR IRA
I received quite a few email responses about my last posting as related to 3rd party storage of IRA gold and silver. Many people think they have made a safe move by leaving the traditional IRA and moving to an IRA that holds precious metal in custody.
They are asking if their metal is safe.
My short answer is No. Not if ANY third party holds your metal. You see, none of these entities can survive a banking collapse. A Failure of a "Too Big To Fail" bank would trigger a collapse that is total and complete as ALL banks are interconnected and reliant on the continued support of asset values. As large banks fail they not only set off the derivative bomb but they also have to sell assets quickly. As these assets are sold off it lowers the value of them (much like what we saw in the 2008 drop in home prices). Assets are the bedrock of the banking system which ALL banks use to leverage off of. As they decrease in value the bank must either add more assets or sell off assets to maintain their minimum leverage.
It's a vicious circle of asset sales which we saw the beginnings of in 2008. Had the banks not received a bailout from the US Congress then the system would have died overnight. That is why it was so important.
Today a bailout is not exactly favored as a way to keep the system going. The people would not stand for it. They are already kicking themselves for bailing out the banks in 2008 and there is a 0% chance that it will happen again. 0%.
So if there is no bailout and the banking assets collapse then the game is over. There will be no assets in banks to disburse through ATMs. No brokerage houses open for redemption of stocks, bonds, CD's etc. No exchanges open for trading anything as the ALL rely 100% on the continuing viability of the banks.
Think I'm exaggerating? Listen to this interview about what happened on September 15, 2008...
Back to the 3rd party IRA metal...the companies that offer these services will also have their accounts frozen as they use banks to pay employees, to pay to guard the metal and to pay to keep their lights on. IF you think you will be able to sue to get your metal out...who would you hire and where would your case be heard? No lawyers will work for free and no judges would either. Even governments are 100% dependent upon the banking system.
Now let's say that there is a reboot of a monetary system after the crash as life must go on. Would that reboot put the same people in charge of the system? Not likely if everyone lost everything. Those who think a one world fiat currency would come of it underestimates the Anger and the Power of the People when their life savings is destroyed.
Historically, it all goes back to a gold and silver standard and I think that would be the natural progression after the banks fail.
So what would happen to your gold and silver hoard held in a 3rd party vault? Clearly the company that held it would no longer be a viable entity as they ran their business in Federal Reserve notes or notes of the country the metal is held in. But if they somehow survive the transition and your metal is sitting in a vault somewhere I believe it would be the target of a HUGE Nationalization movement. All vaulted gold and silver will be LIBERATED in this time of emergency as all other wealth will have been destroyed.You don't think that the masses will allow a handful of precious metal investors to hold all the wealth in the world do you?
Ok, solution time. The best way I know of to get your $ out of a 3rd party IRA is to create a Self-Directed IRA in which YOU are the custodian. There are no withdrawal penalties or taxes and you get to keep the metal IN YOUR OWN POSSESSION. All the other rules of an IRA apply and you can invest in anything a traditional IRA can but YOU hold your own assets. For gold and silver it would be a purchase gold or silver US Eagles as they are the only forms of metal investment allowed in the US IRS rules). For people outside of the USA please do the research into how you can get a hold of your retirement assets as I am not familiar will the rules in other countries.
In the US, the process can take up to a month or more so if you want to preserve your IRA investments BEFORE the crash you'd better start TODAY.
There are a few companies that can walk you through the process but I recommend calling Will Lehr of PerpetualAssets.com at 888-281-2630. He has helped me, my family, my friends and many of you who have dared to travel on the Road to Roota. You can learn more at this link:
https://www.perpetualassets.com/ira?a_aid=RoadToRoota&a_bid=9cc1bcf3
If you think that the US Congress will give the banks another bailout when they need one in the next few months then it may not be as urgent for you to get your hands on your metal.
If you think we would NEVER bailout the banks again - then call Will today!
May the Road you choose be the Right Road.
Bix Weir
www.RoadtoRoota.com
