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Asset Strategies International is a highly regarded and popular bullion dealer. They specialize in offering precious metals and various other assets to allow their clients to diversify their retirement portfolios.
The company is well known for producing retirement account portfolios that are properly hedged against inflation and periods of economic turmoil.
They help clients better protect their portfolios during these times when other more liquid assets are in complete freefall.
They have managed to garner a very good following and positive feedback across the board throughout different channels.
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Asset Strategies International Background
The company is based in the DC suburbs in Rockville, Maryland. The company was founded in 1982. Asset Strategies International is an innovator of alternative asset ownership.
They offer precious metals, foreign currencies, and more for global asset protection. They have a mission that they help clients "keep what is theirs."
They do this by effectively diversifying their client's portfolios and curating optimized wealth strategies for everyone.
The co-founders of the company are Michael Checkan and the late but not forgotten Glen O. Kirsch.
They had and continue to have the belief that everyone needs to protect wealth through careful diversification strategies across different investments, currencies, and even continents.
The entire global economy is in a very precarious position. Because of this, precaution needs to be taken. In these rather unpredictable times, ASI is fully committed to bringing their clients greater stability and helping provide them with greater peace of mind.
ASI has a well-trained and highly knowledgeable staff that is ready to help you with any questions you have and to formulate a wealth-building strategy with better asset protection.
They have highly experienced representatives ready and waiting to help answer all of your questions, discuss options you have available, and help you with anything.
The representatives at ASI don't work for commission. Therefore, you don't need to worry about them not having your best interest at heart.
Products Offered by Asset Strategies International
The company has a range of different options to choose from when it comes to inventory. You can choose gold, silver, platinum, and even palladium as long as they are IRA-eligible. Any popular coin can be held in an official Precious Metals IRA.
They are available in several different weights that include but aren't limited to the Gold Canadian Maple Leaf, Gold Austrian Philharmonic, Gold American Buffalo, Silver American Eagle, Gold American Eagle, Platinum Australian Koala, and the Palladium Canadian Maple Leaf.
You will find that there are different bars featuring varying weights available in all of the aforementioned metals.
They do not offer any price lists on the site. Because of this, any customer needs to call in to get up-to-date prices of the different metals.
Why Put Gold in Your IRA?
Individual Retirement Accounts (IRA) protect your retirement as well as your family's financial security.
These special accounts allow you to set aside tax protected savings that you can use in the future.
With these long term accounts it's important to allocate a significant portion to assets that are solid and reliable, so you have a secure and worry-free retirement.
You can have cash in an IRA, but that is devaluing at a rapid pace and inflation is out of control.
You need an asset that's dependable, retains it's value, and even increases in value over time, and there is no better asset for this than gold.
With the world's economy struggling through lockdowns, shortages, wars, and inflation, uncertainty has never been higher and investors are protecting themselves by placing physical gold in IRA's.
A gold IRA investment prospers from these crisis that negatively affect most other assets.
Risk is knowing the economic dangers and doing nothing to protect yourself and your family.
Safety is knowing the economic dangers and taking action to protect your financial future, and this easy to do with a gold IRA.
What is a Precious Metals IRA?
A precious metals IRA, also known as a gold IRA, refers to opening up a retirement account to hold alternative investments. These accounts are specialized to help investors put money into tangible assets like gold as a qualified investment asset.
Those that have precious metal or gold IRAs can hold these physical metals in their accounts and portfolios. They wouldn't be able to do the same in a traditional IRA. A precious metals IRA needs to be held completely separate from a traditional account.
However, they do have the same distribution and contribution rules. Those who are interested in opening up a precious metals IRA can do so through a custodian or other broker-dealer.
How Does it Work?
A gold IRA or precious metals IRA is a specialized type of retirement account. It is fully IRS-approved. There are different kinds of IRAs that clients can open.
These include conventional ones which typically contain equities, cash, mutual funds, real estate, and more. A precious metals IRA is another type of account with more specialization.
It allows investors to put their money towards tangible metals including platinum, silver, gold, and palladium assuming they are IRA approved.
The main thing that needs to be understood about IRAs is that there is typically no limit to the number of accounts you can have. While there's no limit to the number of accounts you can have, there is always a contribution limit.
You can invest up to $6,000 into your IRA account if you aren't yet 50 years old. If you are older than 50, you can boost that number to $7,000.
A traditional IRA will give you the benefit of decreasing your taxable income for the given year. Any money that you put into your account that year won't be taxable.
However, if you have a Roth IRA, you will be taxed on your contribution but not on any profits you make as you hold.
What is a Rollover?
If you already have a standard IRA or other types of retirement account, you could potentially transfer it into a precious metals IRA without incurring any penalty in the process.
You can do this with an official precious metals IRA company and they will help you go through the process. If you don't know about rollovers or you are unsure if it's the right option, it's best to learn the differences between them.
Keep in mind, that if you are rolling over all of your standard IRA that contains stocks, bonds, and mutual funds, you are converting an income-generating account into one that isn't going to do the same thing.
A precious metals IRA is typically more defensive. It won't generate income like a standard IRA will with more liquid assets. A precious metals IRA is typically meant for diversification and as a hedge against inflation.
Having a diverse portfolio is very important to protecting your assets. Some of the companies out there will refer to their precious metal IRAs as being diverse because you can hold different metals in them.
However, that's not truly diverse from an investing standpoint. After all, all precious metals exist within the same asset class.
Storage Options for Precious Metals
Storing your metals in a secure storage facility is likely going to be the preferred way to go about it when you get a sufficient quantity of precious metals. After all, you will need extra security, space, and insurance.
You will get all of these things when you choose ASI as your preferred vendor.
Compared to some of the other dealers out there, they have a variety of quality relationships with different facilities which you will be able to leverage for your storage needs.
They have close relationships that allow them to offer more freedom to choose preferred locations for their metals based on distinct features that they are looking for.
Along with having access to a range of different storage facilities domestically, they also have partnered with many facilities internationally.
There may be clients that would prefer to house their precious metals offshore to fully diversify their portfolio or even to tax advantage of tax benefits.
They offer global facilities all over which means they can be a great option for investors looking to take advantage of that.
They have trusted facilities that have met or exceeded the most comprehensive security requirements around the globe. You can choose from a range of different offshore and domestic solutions for those who are looking for the highest level of security and more.
They offer so many different options that are most convenient to their clients including having facilities in Las Vegas, Dallas, New York City, Toronto, Australia, New Zealand, Hong Kong, Cayman Island, and more.
What Exactly is a Numismatic Coin?
A numismatic coin is a collector's coin. It's different from a normal precious metal in that collectors will typically be willing and able to pay more for it than normal precious metal.
Because of this, a bullion coin is usually much safer to invest in compared to a numismatic coin. You could also think of it as a more hyped version of a standard coin.
While this can certainly bring more value for collectors, it's not necessarily more valuable than a standard coin. It's only worth more if a collector is willing to pay more for it.
While a few could find themselves more interested in it, it's always a good idea to go with the safest bet in this instance.
After all, the market is so unpredictable and in economic downturns, a bullion coin is going to be much more sought-after than a numismatic coin.
You'll find that standard gold and silver coins don't lose their value much and they always perform well in any economic condition. You cannot say the same about numismatic coins which defeat the purpose of investing in precious metals.
What Makes Gold Such a Strategic Asset?
Gold is a good investment option because there is so much diversification leading to its demand. There are plenty of different sources that keep gold in high demand.
These include the use of gold as jewelry, a reserve asset, an investment, a technology component, and more. It's also very liquid and it doesn't have the same credit risk as other assets.
It's also got a limited supply and it has a long history of being a good store and preservation of value.
Smart Reasons to Invest in Gold
One of the main reasons you will find the majority of people investing in precious metals like gold has to do with diversification. When you invest in gold, you have the opportunity to diversify your portfolio which minimizes risk.
By putting money into something that's not very correlated with stocks and your other investments, you won't have your entire portfolio drop when the stock market crashes.
This can help you hedge the downside and protect yourself from economic downturns.
Another reason to consider investing in gold has to do with speculation. A lot of investors look at precious metals like gold as a safe investment. They look at it as a safe-haven asset.
Gold and other precious metals tend to increase in value when equities tank. This can be a good way to hedge and even profit from economic downturns.
As mentioned previously, a lot of investors looking to invest in precious metals because they can help to protect against a complete economic collapse. There have been instances where gold's value didn't tank in previous stock market crashes and more.
This can make it a good hedge against an economic downturn in periods of economic stability.
The global economy is very fragile. Having a store of value in precious metals which retain value much better than paper currency can be a good way to protect yourself.
If you are concerned about the potential of a complete and utter economic collapse, storing value in gold can be a good idea.
Another big reason a lot of people look to invest in gold has to do with their retirement plans. They believe that gold and other precious metals can be a good way to secure their financial future.
Gold and precious metals can be treated as a hedge against inflation which makes it a good way to preserve your wealth over time. Also, gold tends to be a very liquid asset which means that you can always convert it when you need cash.
As mentioned, a lot of investors choose gold as their preferred way to hedge against inflation and economic downturns.
When paper currency and its value goes down, the price of precious metals and commodities goes up. This is a good way to ensure that all of your money isn't losing value over time because of inflation.
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Conclusion
The company Asset Strategies International or ASI is a national precious metals dealer and investment company. They have a mission of helping clients better utilize precious metals as a wealth protection asset.
They sell physical metals in the form of coins, bullion bars, and numismatics. They help organize precious metals-backed IRAs and other investment vehicles to help clients better protect their wealth.
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I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
