Gold Surges on US Debt Deadline, Credit Downgrade Talks

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Los Angeles, CA – With U.S. politicians at a stalemate over the 14.3 trillion dollar deficit just days before the debt default deadline, economists and financial analysts alike are predicting a downgrade of the United States' credit rating. President Obama made comment that U.S. lawmakers' indecision to raise the debt ceiling is a “dangerous game” and such indecision would cause a “deep economic crisis”. Many economists have voiced the same concern in that Read More

Converting to Gold IRAs to Preserve Wealth

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The market prices of gold, silver and platinum are affected primarily by global supply and demand. In the past year, supply has been declining and demand has been increasing, resulting in a steady upward trend in the market prices. Today, the price of gold, the commodity most used for new IRAs, has been hovering around $1,540.00/ounce. Just one year back, it was around $1,161.60/ounce. It’s easy to see that those who purchased gold in June, 2010 have realized a substantial profit of Read More

Traditional IRA

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What is a Traditional IRA Traditional IRA’s are one of the most common types of retirement accounts in the US today. For those looking to help provide for their future, an IRA is a good way to ensure you will continue to have an income even after you stop working. Contributions to your Traditional IRA The contributions you make to your Traditional IRA are done with pretax dollars. This means you do not need to pay tax on the money you place in your IRA until it’s time for that money to Read More