16. How To Buy Store & Sell Silver and Gold

Welcome to RIGGED, the podcast that helps you RIG the wealth game back in your favor. I’m Terry Sacka AAMS of Cornerstone Asset Metals.

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This is RIGGED. I’m Terry Sacka. Today. I’m going to talk about how to buy silver and gold. Now I know it seems kind of a straightforward question, but it’s really not. A lot of folks. We are not brought up to understand owning tangible assets. Now the ultra wealthy do, because they do informs of paintings and diamonds and things that can be bought sold or bartered easily. But we, the people really are not brought up to understand how to buy physical, silver and gold. They really tell you to do it in paper form and the stock market or something else that’s in paper form, but it’s not a real tangible asset. So today I want to talk about how to actually buy physical silver. And there’s a few ways to approach that one with cash and others with your retirement accounts. So I want to tackle cash because cash can come in many forms.

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It could come from your money market account in your brokerage firm or your bank account. Now also old advisors. You know, we would have this kind of adage that you should have at least six months of hash saved up for bills. And for emergency that’s understandable cash in the bank to pay bills is still needed. We’re referring to excess cash cash that it’s not needed. And that’s very important to keep out of the system because paper’s just going to lose tremendous value. So when using cash, you can easily just do a check by phone with your dealer like cornerstone asset metals, or do a wire rate from your bank. Once the funds have cleared, you then choose what you want to buy, whether it would be coins or bars, and they come in different forms, but all silver and gold, all precious metals sold is in the purest form of the metal.

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And when it comes to gold and silver bars, coin argument is the same. Bars are nice. They’re really for large net worth individuals though, because a transaction on a bar, when you go to sell it even a 10 ounce bar, a silver, when you go to sell that in the future, it becomes a very expensive transaction and you may not want to do that. I think the most prudent thing to do is always small increment. You do pay a little bit more in premium for that, but that small increment allows you to sell later in smaller portions or barter and trade in smaller amounts. So the nice thing about that is coins. Then come in a plastic tube of 20 coins each and each pure silver coin is 31.1 grams. So at that point, you can have it shipped directly to you at home, or you can store it in a private depository only in your name and your ID.

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It really just depends on how much you have. There’s plenty of people who have 50, a hundred thousand ounces of physical silver. They don’t want all of that in their home. They do have some at home, but then they leave the vast majority of it in a depository in their name. Only that they can have shipped to them at a moment’s notice, or they could actually go pick it up if they really wanted to. So the nice thing about getting into the coins, you do have a different premium attached to that. Now, a premium, and when you’re buying physical silver, it doesn’t matter how you pay for whether it’s cash or an IRA. The premium is the same. The price you see on the internet is not the real price. That’s actually a futures contract, paper price that you see on the internet. So when someone says, well, the spot price of silver is $28.

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That’s not really accurate because that’s a futures contract, paper price. When it comes to actually acquiring physical silver, there’s a myriad of cost built into that. Everything from refining the material to minting the material and all the shipping and insurance and handling, getting the physical actually in your hands has an a diff it has a different cost to it that is known as premium. Now you can pay a premium varies amazingly from a lower end to a high end. It just depends. Some of the Chinese silver coins have a really high premium for instance, right now I’m on average, if it’s $28 spot price, you could probably easily acquire silver for about $33, let’s say, but then the American silver Eagles over coin, you’ll be paying 37 to $39. So you see there’s a wide range of premium. And some people it’s just truly about what they want.

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Cornerstone actually produces a dynamic first amendment, protected silver coin, uh, very unique in its construction and the price is fantastic, but that is something you need to be aware of because when you do go buy physical gold and silver, what you see on the internet is not what you’re going to pay. And you just want to know that going into the transaction. Now how you store it, you can store it in home, ended up pository or in a, and then a lot of people think in the banks now at home, make sure it’s very creative. Now, silver is not going to burn because silver is, you know, over 2000 degrees before it’ll start to melt, but I’d still would want it in a nice fireproof, safe, or a box of some kind. If not just stored creatively. I’ve heard stories of people storing it in their attic under in a box marked Christmas decoration.

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So there is a myriad of ways. People like to do that, but always be creative when you store your physical, silver and gold at home, cause you don’t want any theft for larger quantities. You can go into a depository in your name. Only that can be transferred, sold, bought, or are shipped to you at any time. Do not go to banks. Many people think that they can just go put it in their bank deposit box, secure deposit box. That is no good. They can be confiscated. You just got to look at the rules of the bylaws of the banks in terms of conditions of your account. Those a safety deposit box has actually belonged to the bank. If the banks actually shut down, they can open those boxes and take what’s in there. And I know that seems, you know, crazy, but it’s true. So do not store this in the bank.

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If you are going to have it at home, be creative. If not a private depository is very, very, very reasonable. And it’s something that I would highly recommend, especially with larger quantities. When it comes time to go sell your silver, you could easily sell it back to the dealer where you bought it. Cornerstone would, would love to buy it back. You can go to a local coin shop pawn shop. You can look up a refinery, send it to a refinery. There’s a jewelers. There is a myriad of people who will always take pure silver, pure gold. Remember it is the greatest form of money. There is the next well, a form of buying physical, silver and gold is through a 401k or IRA. Now in your 401k at work, there’s unfortunately a few rules, but you have to be 59 and a half years old in order to transfer out of your 401k without a penalty.

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And that’s a big deal. Or if you leave your job, you can then take that 401k and roll it over it to self directed IRA. I would highly recommend getting away from the 401k if any of those conditions present itself because a 401k pigeon you to a certain paper investment in mutual funds, and you’re just not getting the same return. Gold and silver have dramatically outperformed the markets. And if you’ve always been in physical gold and silver, you’d be a lot wealthier today. So in a [inaudible], if you’re 59 and a half years old or older, you can transfer out without penalty, or if you’ve left your job, it can easily be done. All we do is you contact cornerstone asset metals. They will put you in touch with a few pieces of paperwork from the custodian. One of the finest custodians in the country, out of Texas, and you can easily then have it transferred into a physical precious metals IRA.

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Once that’s done, you then do the transfer. The funds come over. Once the custodian receives the funds they contact cornerstone, and then they would cornerstone would call you and do we record a transaction once that purchase and transaction has been complete, the physical silver and gold is then deposited into your account under the management of the custodian. And it still remains a retirement account. The nice thing about an IRA, no matter what IRA you have, whether it be a traditional or a Roth, you can easily roll over your IRA into a physical precious metals IRA. Now, most advisors don’t want you knowing that because they need to keep you in paper and they’re not allowed to do it because they’re not allowed to sell a way from the brokerage firm. They’re mandated to keep you in paper. And so they’ll do everything they can to scream and scare you away from physical metal.

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But the fact is folks don’t be afraid. Gold is up over the last 20 years. Gold is up 600% silver, 400%. And the stock market only 170%. So they’re always, the advisors have always been wrong on allocation, but it’s just because they can’t do it and they don’t want you knowing it. But it’s vital in an IRA. You can easily go to cash and your current IRA, no matter where it is, then you fill out the paperwork with the custodian that we would provide you with out of Texas. And then that would actually submit a transfer request. The funds would easily be transferred to us, such a simple application to, and the cost a lot of times are waived. And so that transaction easily moves over the funds come to the new custodian and you had just opened up a self-directed precious metals IRA. Once that is done, you then do a recorded transaction, make your purchase of pure silver or pure gold.

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And it gets deposited into your account and your control, your name under the custodian guidelines, because remember they have to manage for tax purposes. At any time in your IRA, you can sell your physical metals anytime you want lock in profits and move to a different investment. If you choose to. And when it comes to annual distributions, for those that are over 72, you can take your distribution either annually in physical silver, or sell it and take the cash. If you take it in physical silver, they will just lock in the price for that time for the tax purposes and evaluation, and then you’ll be all set. But the overall is that physical metals is very easy to do. They never wanted us to understand it, but it’s simple. It can be sold really easy. And if you ever have to, you can barter with it or trade with it locally, and you’d be surprised who would want it.

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So just to summarize, buying is quick and easy call to order (888) 747-3309 that’s (888) 747-3309. Cornerstone asset metals will be there to serve. You make a onetime purchase or reoccurring monthly order, have your gold or silver stored or take physical delivery at your choice as a cornerstone customer, you may have your metal stored on behalf of the independent depository with a certificate of deposit issue directly to you, or take personal delivery at any time. Many of the cornerstone gold and silver bullion products are authorized for use in IRAs and are ISO 9,000, 2008 certified poured and derived from an LBMA approved refinery. We fully stand behind each and every product we deliver with a guarantee that what you order will so pass your expectations. So I sure hope this helped have an amazing week. And God bless

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Cornerstone Asset Metals:
Since the Dawn of civilization, gold has been used as a medium of exchange. Men have minded bartered with it and even died for it. But most importantly, physical gold is liquid and will never become worthless. Gold has been the most coveted metal in the world and the single most trusted international medium of exchange in history. The power of gold its stability as a standard of real value, which cannot be overstated. The best way to invest in gold is through a reputable, precious metals dealer. Cornerstone Asset Metals was established to help guide you on investing in precious metals, such as gold, silver, platinum, and palladium. Our website contains a wealth of information on precious metals, IRAs, and even custom minting. We specialize in helping investors like you diversify a portion of their portfolio into hard assets with advanced investment strategies designed to maximize your returns through the purchase of physical metal.

Cornerstone Asset Metals:
Ours is a service for people who want the option to be in the physical metals market and control the level of risk they take, when you’re ready to invest simply fill out the form at the top of any page with your first name, last name, email, phone number, subject of your inquiry. If you’ve ever invested in precious metals before and who you are referred by, if any. It doesn’t really matter whether you choose to invest in gold or silver, it depends more upon what you can afford to invest. When you’re done click submit request and a Cornerstone Asset Metals representative will contact you within two business days. At Cornerstone Asset Metals, we look forward to serving you. Visit us today at www.CornerstoneAssetMetals.com