Buying Gold in a Self-Directed IRA: How to Take Control of Your Retirement Wealth With Gold

Economists, like Taoists, tend to believe in the interconnectivity of all things. This concept is never more true than when it comes to our global economy. As we’ve seen with the recent events in the Middle East and Ukraine, such things can have a direct effect on the economy at home and, even more importantly, on your investment portfolio. These events, together with a stock market riding at record highs, could bring a major correction in the market and soon. The challenge for the investor is to find a safety net that can protect their investments against such an inevitability.

Is there an investment that can provide that kind of protection?

There is: Gold.

The Best Time to Invest in Gold?

Actually, right now could be a great time for gold as many experts believe its price is undervalued. At present gold is experiencing interest in “safe haven” buying from investors who are concerned about losing value in a volatile stock market. When Wall Street finds itself becoming more risk averse, gold gets a boost. For this reason gold has been considered a reliable store of wealth and has for over five thousand years. Other recent events including the holding of interest rates by the Federal Reserve and seasonal demand have also had a positive effect on gold’s value. But even with these factors aside, gold has still proven itself to be one of the best performing commodities of 2014.

Aside from its recent valuations, the purchase of gold or silver in the form of coins is a surprisingly safe investment and one of the most tax efficient ways to finance a coin purchase is through a self-directed IRA.

The Value of Gold Over Paper

Owning gold with a self-directed IRA is not the same as owning mutual funds or ETFs. With a self-directed gold account, the investor can actually buy and hold physical gold inside their IRA. Owning physical metals such as gold or silver can be an important part of a well-diversified retirement portfolio.

A self-directed IRA enables the individual to invest in gold and much more on a tax-deferred or tax-free basis. This prospect is exciting for many investors because the investment involves a tangible and finite resource with real intrinsic value. Gold and silver are by far the most popular choices for Precious Metals IRAs. An IRA can purchase gold and silver coins such as American Eagles or Canadian Maple Leafs, some coins from Australia and Austria, or physical bullion in the shape of bars or rounds. (The South African Krugerrand is not permitted to be included in an IRA as it is a 22 karat bullion coin.) Only gold coins with a purity of 24 karat (0.995+ fineness) are allowed in an IRA, with the exception of the 22 karat US Gold Eagle. Any metals owned inside of a precious metals IRA must meet certain fineness requirements and must be produced by an approved and accredited refiner.

Bullion vs. Coins

One of the big differences between bars and coins is that when you sell coins typically you’ll get a few dollars over melt value, or market value. With bars on the other hand, depending on the bar type, you get a straight spot price or melt value on a buyback. Because of their additional numismatic value, coins are generally seen as the more profitable choice. In many instances, if you were looking to liquidate with large bars you’ll not be able to liquidate part of the bar, you will have to liquidate the entire bar at once. That’s why when it comes to liquidation it also makes sense to have coins in your possession instead of bars.

How to Get Started

This article was written to answer basic questions about investing in a self-directed IRA. To learn much more about investing in gold and silver and how you can grow and diversify your wealth even in the most uncertain and volatile of economic times, a special mini-course was developed. It’s entitled “The Essential Guide to Successful Gold and Silver Investing” and it’s available for FREE download. This valuable course is filled with tips and expert advice to help you make the decisions that could save you thousands of dollars.

MLM Or Top Tier Direct Network Marketing? Part 4 of 4

Interested in MLM or Top Tier Direct Network Marketing and want to know about compensation plans?

Multilevel marketing varies depending on the company. For the most part, you receive commissions when you sell products. If you sign up a consultant, you receive residuals on everything they do if you’re in a good company.

The amount of the commissions is going to be the kicker. In MLM, you are probably selling skin care, vitamins, energy drinks, household items or maybe a discount furniture store membership. All of these are going to be pretty inexpensive for the end user so what do you think the commissions are going to be like?

Low Investment, Low Commissions

When investing in MLM, if you’re not putting a lot in, you can’t expect a lot in return. There are a few cases where people have made a killing in MLM, but these are a selected few that started near the beginning.

In Top Tier, as mentioned in part 3, it is a much greater start up cost. Fortunately that means you have great commissions. You also don’t have to have nearly as many transactions to make great money. Instead of selling 5 people a line of skin care, you would need a single modest sale to equate the commission of the skin care.

Once you sell to that one person, you receive residuals on everything they do. Their membership fees as well as their sales.

No Extreme Downline

You won’t have the extreme downline with Top Tier because first of all, the start up cost narrows down the target market. MLM is for anyone who may want to “give it a try”. Top Tier is for serious entrepreneurs. Unless someone has a tone of money to throw around, they are usually going to give it their best shot.

My background prior to MLM and Network Marketing was medical sales to the aesthetic market. When describing to my friends the difference, I tell them its like your skin care rep. versus your laser rep. The skin care rep is going to have far more transactions and doing a lot of “busy work”, while the laser rep does far fewer demonstrations and has very specific offices to call on. Not everyone has money for a laser, but most can find a way to buy skin care.

How to Use Twitter As Part of Your Internet Marketing Strategy

Social media marketing has become an almost essential part of any internet marketing strategy. It is free and can have really great results if done properly.

If you are marketing on the Internet then you should be using Twitter as one of your free marketing methods. Here is a brief overview of how to do it.

First, you must have a Twitter account. When you create your Twitter account, do so using your name and a photo, not some cartoon or icon. It’s not only about building relationships here, but branding yourself and building your presence. Your Twitter page will appear on a Google search of your name. Mine appears on the first page of Google search for my name.

Once you have an account you need to get some followers. When people follow you your tweets (mini posts) will appear on their wall when they are viewing their Twitter page.

To get followers first you must follow others. Start by doing a search within Twitter. Search for someone related to the topic you are involved with. For instance, if you are involved with a company that uses attraction marketing you may want to search for Mike Dillard. Once you get to his page you will click on the word ‘Following”. It will be on the right side of his page. This will bring up a list of people who follow Mike Dillard on Twitter. Then you go through this list and choose people to follow. Some of those people will automatically follow you back. You will also have people start following you simply because you active on Twitter.

There are also use free tools like Twello.com and Twollo.com also make building a following pretty simple (the latter lets you set up auto-following based on keywords).

Do not follow more than 100 to 150 people per day. Twitter considers this too aggressive. They may close your account. Also, you must keep your ratio of followers to following within 10%.

If you are a Twitter newbie remember that as with any social network, it’s about relationships. If you are too aggressive in promoting your business people will simply stop following you.

Twitter Tips

Tweet (post) at least once or twice a day. As you build a large following you will want to increase this, as only a small portion will be likely to see your Tweet at the time you Tweet it.

Provide value (content) primarily, not spam! Give Them Something to Tweet About! Your Tweets should be pleasant, consistent, uplifting, entertaining and/or educational. Adding tweets directly related to your product or opt-in page is fine, after all that’s why you are doing this, right?. You should keep this at about a 1/3 ratio. One promotional tweet for every 3 content tweets.

ReTweet (RT) content that you like! If you are getting lots of RTs on your content then you know you are on the right track! You can use Twitter’s ‘Retweet’ link, or to add a short comment, just click the ‘Reply’ link (you have to float your mouse over the right side of the post to see the ‘Retweet’ and ‘Reply’ links appear), and type ‘RT’ prior to the @username.

Thank your followers who RT’ed your Tweets. This is very important especially for content that you have written or even RTs of your products or opt-in Tweets! And, be SURE you are following them! This is done by the @Reply. This is a great way to build relationships.

Reply to your @Replies – Your @Replies view (found in your @Replies view which is on your ‘Home’ page right above your ‘Direct Messages’ ink on the right sidebar, where you will see @YourUserId) shows messages that are directed personally to you as well as recommendations for you. Reply to as many of these as you can! You can combine multiple replies with a short ‘Thnx 4 RTs & Shouts’ or similar if you get a lot of them.

Watch your DMs for any personal messages. This may mean sifting through lots of spam. DO NOT follow links here, this is where many Twitter viruses have been and still are spread.

There is a service called SocialOoomph.com it does a lot for free, allowing you to auto-follow-back and schedule Tweets ahead of time. This is a great tool as it allows to leverage your time by scheduling Tweets for the whole day.