What You Need To Know Before You Buy or Sell Gold with Peter Hug - 145

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 17 December 2017

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Peter Hug from Kitco Metals, Inc. describes the four types of people that buy precious metals, how to best buy and sell silver and gold yourself, and whether these commodities are similar to cryptocurrencies like Bitcoin and Blockchain. Joe and Big Al talk permanent vs term life insurance and tax reform. Plus, holiday gift ideas to transform the quality of life for the retirees in your life: they get new tech, and you get your third grade report card and high school lettermen’s jacket.

Transcript

Click on a timestamp to play from that location

0:00.0	I give a number of speeches at gold conferences throughout the year, and I found that the questions I was being asked today are almost identical to the questions I was asked back in the late 70s and early 80s.
0:10.9	Always had investors ask me, should I buy gold?
0:13.5	And so I decided to take a closer look at the motivation behind the reason to buy gold.
0:18.8	I came up with something that I found relatively interesting.
0:21.6	And we've got those interesting reasons people buy gold. Today on Your Money, Your Wealth,
0:25.6	as Peter Hug from Kitco describes the four types of people that buy precious metals,
0:29.6	how to best buy and sell silver and gold for yourself, and whether these commodities are
0:34.6	similar to cryptocurrencies like Bitcoin and blockchain.
0:40.2	Joe and Big Al talk permanent versus term life insurance and how Roth recharacterizations for 2017 may be affected by upcoming tax reform.
0:46.3	And we've got holiday gift ideas to transform the quality of life for the retirees in your life.
0:51.4	They get new tech and you get your third grade report card in high school
0:54.7	letterman's jacket. Happy holidays. Now here are Joe Anderson CFP and Big Al Clopine CPA.
1:02.4	So I know you're just chomping at the bit to talk about this every week now, the updates on tax
1:09.6	reform. Oh my goodness. This is a fluid situation, I updates on tax reform. Oh, my goodness.
1:11.0	This is a fluid situation, I think you could say.
1:15.0	Before we dive in, I want to give you guys a caution that we sort of decided was prudent to consider this last week with our clients.
1:24.8	And that is, if you've been listening to our show, we've been advising and telling you to consider Roth conversions right you take
1:32.0	some money out of your IRA you convert it to a Roth IRA of course you pay
1:36.4	taxes on what you convert but then that money ends up in a tax-free account
1:40.7	and all future growth income principal is tax-free So it makes a lot of sense for a lot of
1:45.4	people to do that. We've also told you on this show, which is, by the way, current tax law,
1:51.0	that you can re-characterize it or undo the Roth conversion all the way until you file your
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.