What Is Digital Currency?
The internet makes the world feel smaller. From the comfort of the couch, people and businesses across the globe can now connect and transact. With that, a digital economic ecosystem—fueled by digital currency—has blossomed. As we adapt and rely less on cash, many ask, “What is digital currency?” and wonder how digital currency works. Understanding […]
Will Digital Currency Replace Paper Money?
Cash is king. But its reign may be coming to an end. The internet changed the world. And now digital currency is changing how we function in that world. Pretty soon, running errands will be a thing of the past. Standing in line at a bank? No way! Paying bills in person? Why? And that […]
Cryptocurrency vs. Digital Currency: What’s the Difference?
Cryptocurrency and digital currency. Their names sound similar. They’re both money that exists in cyberspace. It’s logical to think there must not be any difference when comparing digital currency vs cryptocurrency. But that’s far from the truth. While digital currency and cryptocurrency share some traits, they are vastly different and serve different purposes. We’ll look […]
What Is a Central Bank Digital Currency (CBDC)?
Central bank digital currency (CBDC) is a digital-based version of money, backed and distributed by a nation’s central bank. Central banks around the world, including in the U.S., are looking at the future of money and monetary transactions with CBDC in mind. Many countries are exploring banking alternatives such as central bank digital currency with […]
How to Find the Best Precious Metals IRA for You
Once you’ve decided a precious metals IRA is right for you, the next step is to decide which precious metals make the most sense in your account. This educational guide will help you: Assess your goals and risk Evaluate eligible precious metals options Find a custodian A little understanding can go a long way. We […]
What Is a Self-Directed Precious Metals IRA?
A self-directed precious metals IRA is an individual retirement account that allows for ownership of physical assets—including gold, silver, platinum, and palladium. Commonly referred to as a Gold IRA or Silver IRA, the precious metals IRA is a favorite among investors seeking an alternative to paper-based investment vehicles. Understanding Self-Directed Precious Metals IRAs The […]
Gold IRA Tax Rules: How is Gold Taxed in an IRA
First things first: Gold IRA tax rules and regulations are identical to those that govern the traditional IRA you may already own or are familiar with. Understanding the Gold IRA tax rules for 2024 and beyond is essential for investors. Otherwise, you might incur costly penalties and expensive tax consequences. Gold IRAs are taxable, and […]
How to Invest in Precious Metals
The world seems topsy-turvy these days. We understand the world can feel filled with bad news lately and peace of mind can feel elusive to many people. That’s why more and more investors are going back to basics and turning to precious metals as the foundation and anchor of their portfolios. Having been used as […]
3 Reasons Gold May be Useful During a Recession – Urgent Economic Indicators
[vc_row][vc_column][vc_column_text]In case you missed it, numerous economic indicators are now flashing red. The aggressive monetary tightening by the Federal Reserve is slowing the economy way down and many are concerned that further rate hikes could put the economy straight into recession. With the Fed set to keep raising interest rates this year, the time to […]