An Easy Solution to Owning Gold Offshore In Your IRA Not Many Know About

[Editor's Note: The following post is by TDV Editor-in-Chief, Jeff Berwick]

I spend most of my time writing, researching and discussing The End Of The Monetary System As We Know It (TEOTMSAWKI), which basically boils down to one thing – the coming collapse of the US dollar.

We have written thousands of pages on it here at our blog, and thousands more in our paid newsletter, including a special report on internationalizing your precious metals called “Get Your Gold Out Of Dodge.”

Throughout the years we’ve covered the dwindling options Americans (in particular) have to protect their savings amidst the insanity of overbearing and destructive regulation, busybody “authorities” (remember when they were ‘public servants’?) and poor economic policy. As I’ve gone back through the blog over the years, I am pleased to see many themes that are more relevant today than they were then. For one, since 2010 we’ve been writing about how the US would make it exceedingly difficult to bank (or live) offshore. With less than 100 days until FATCA is implemented, I’ve been right. 

But, one of the most prescient and valid solutions we’ve offered is to buy gold. Those who purchased precious metals from 2009-2011, as we recommended to do, did well. Those who also took the advice of Ed Bugos, in our paid newsletter, did well during the turbulent consolidation period precious metals have seen since 2011. 

It’s clear to me, of all the solutions we propose the simple, most straight-forward way to protecting yourself is something humans have done for at least 5,000 years for this purpose: owning gold.  As many who do own gold know, however, it is not the easiest of things to internationalize your gold and get it geographically and politically distanced from the confiscatory arms of the government that purports to own you.  

As with most things the more money (gold) you have the easier it is.  For those with a high net worth (over $1m in assets) we recommend contacting TDV Wealth Management (TDVWM) for numerous solutions (or attending TDVWM’s upcoming Crisis Conference in Cabo).

For those of more limited means it gets more difficult.  Yet, many don’t realize that you can easily own gold internationally inside of a pre-existing IRA.  And you don’t even have to convert it into a self-directed IRA (although this is something all should consider) to do so.

INTERNATIONALIZING GOLD IN AN IRA

The Hard Assets Alliance (HAA) is a group I have known and been involved with since it’s inception and it is the only group I know of offering the ability to own gold, stored internationally, inside a pre-existing IRA without having to go through the process of a self-directed IRA in an easy fashion. And what’s more, they can be trusted.

The process to set up a Precious Metals IRA has traditionally been slow and cumbersome. But the HAA has put the custodian, the dealer and the storage facility together under one roof and vastly simplified a process that traditionally took 30-45 days.  HAA’s online platform lets you electronically create an IRA account AND a trust account simultaneously. Entrust, the custodian, provides the trust account, and it receives your application in real time and facilitates transfer.

Further there are no additional fees to purchase or sell precious metals within a Hard Assets Alliance IRA. And like all Hard Assets Alliance products, all buying and selling can be done online. To our knowledge, HAA offers the only fully automated online IRA trading system to offer physical precious metals.

Only IRA-permissible bars and coins are displayed for purchase. The rules can get complicated—buy the wrong form of gold for a retirement vehicle, and you risk invalidating the entire IRA, triggering an unwelcome taxable event. This is not a concern with the Hard Assets Alliance, as they watch over this process for you.

THE CASE FOR GOLD IS SIMPLE

Gold and precious metals offer by far the easiest, most surefire hard asset you can get your hands on if you are worried about the US and global economy.  The world is warping at a dizzying speed. It is virtually impossible to keep up with. In fact, The Dollar Vigilante and its subsidiaries have dozens of people tracking TEOTMSAWKI just to keep up. Things are getting quicker all the time.

The coming collapse of the dollar won’t be looked back on as a certain day or hour. Instead, it will be viewed from the lense of history as a long, drawnout process, in which the writing was on the wall for many years before things culminated in the “endgame.” The signs towards the end will be obvious – bank runs, more police actions, more taxes, more confiscations, capital controls and nation-states abandoning the dollar. In fact, Russia came to China in 2008 with a plan to do just this – collapse the dollar! Maybe that’s why China has imported so much gold over the last five years.

A lot has changed since 2008 when the US financial industry collapsed and then extorted the US taxpayer into paying them for their great dis-service. 

Since that time, the precious metals story has been very interesting. In 2011 silver came close to breaking its own price record of $50. That same year gold broke it’s record, trading for nearly $2,000.  Since then there has been a consolidation. Many mainstream publications have written over-and-over how this is the end of the gold bull market, but they will be proven wrong. They say it is in a bubble, but look at this chart and tell me what YOU think is in a bubble:

As TEOTMSAWKI progresses those holding hard assets and having them internationalized will be well-ahead of the crowd who will find their dollars continue to depreciate rapidly and capital controls keep them from exchanging them for hard assets outside of the country.

WHAT CAN YOU DO?

Stay informed. When you are informed you can understand the directions the markets are moving, and when you understand where the markets are heading, you will be more confident in your personal financial decisions. If you are like many Americans, an IRA is your primary retirement vehicle. So, why not have an IRA on steroids? A physical precious metals IRA, internationalized, is a no-brainer. And, in the days post-internet, setting up an international precious metals IRA is easier than ever.  

The team at the Hard Assets Alliance has just completed their Precious Metals IRA Guide. If you’d like to learn more about the benefits of a Precious Metals IRA, get a FREE copy of the report here.