Silver was the bright spot for the week, up 1% to $23.02. Gold was down 1% to $1,921, platinum was off 4% to $929, and palladium was down 9% on the week to $1,297. The one-year numbers look better for most, with gold up 6%, silver 10% higher, platinum up 3%, and palladium down 31%, entering bargain territory. A Gold IRA is similar to a Silver IRA in that you will need an IRA custodian that allows precious metals to be used to fund the account. Also similar to the Silver IRA are the many imposters available to divert attention away from a real Gold IRA that holds physical gold. There are many different types of “paper gold” investments that can be held in traditional IRA accounts that claim to provide exposure to the benefits of gold without exposure to the physical gold itself. Every day, nearly $130 billion of gold transactions occur. This compares to less than $5 billion for silver transactions. This makes it of vital importance to be dealing with knowledgeable custodi...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)