Last Updated on March 16, 2023 by George
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More and more investors are beginning to understand the importance of having some of their assets in precious metals with all the unpredictability in the world today.
It is challenging to know who you can trust to work with when it comes to precious metals, and you might be one of these investors. This analysis was written to assist you in determining whether Cornerstone Asset Metals is the best option for your investing objectives.
Before you begin this evaluation:
You know how challenging it is to choose a business you can entrust with your hard-earned savings. We produce informative and practical material to offer you as much data as possible to make the best decision.
Terry Sacka founded Cornerstone, as was previously mentioned. Sacka holds the Accredited Asset Management Specialist (AAMS) accreditation, which the College awards for Financial Planning to investors who complete the required training, pass the exam, and pledge to abide by their Code of Ethics.
The podcast RIGGED [against you] is also hosted by Sacka. The podcast focuses on how big businesses, giant banks, and the government are favored over average everyday investors in money, saving, and investing.
Sacka hopes to level the playing field by supplying regular investors with the knowledge they need to safeguard their assets and lives, futures, and families through his podcast.
Sacka presented the syndicated television program Wealth Transfer in addition to the podcast.
The program, now available on YouTube, covers various interesting financial issues, including macroeconomics, politics, and even some spiritual subjects.
The stated mission of Wealth Transfer is to liberate individuals with new information and careful analysis while pursuing the truth through honest journalism.
Sacka’s educational objectives with his podcast and television programs are to assist the decent, everyday citizens of this nation and to provide “We the people” with information and content they can’t get anywhere else.
Cornerstone Asset Metals IRA Plan
The objective is to build a well-diversified, financially secure portfolio to see you comfortably through retirement.
Having a mix of assets that do not respond in the same manner is one of the most significant ways to do this; in other words, if almost everything is declining, you need something that will keep its value.
Here’s where including some precious metals in your portfolio makes sense. Investments in precious metals perform almost precisely the opposite of conventional equities and bonds.
Cornerstone believes that everyone who invests should benefit from IRAs’ tax advantages.
By consistently setting aside a portion of your income for later use when you retire, IRAs help you save money for retirement. They also reduce your tax burden because the money you save in an IRA is not considered income, and they give you the freedom to invest in various things, including precious metals.
Why Invest in Precious Metals?
Your funds can be shielded against the drop in the value of the US dollar by investing in precious metals. A hedge is used to protect something occurring.
Although you don’t have to put all your money into a hedge, it makes sense to do so for a portion of your assets.
Consider your home or vehicle; you insure against them to safeguard yourself in the event of a severe loss. Precious metals can be viewed as a type of retirement savings insurance.
Precious metals are distinct in that they have no counter-party risk. Your equities are in a trading account that the government or any arbitrary company can take control of at any time and “freeze.”
Bonds and even your bank account follow the same rules. You have to worry about whether these counter-parties can maintain their financial stability and hope they act legally.
Your shares in that business will lose all value in the event of bankruptcy, while your bonds will only be worth cents on the dollar. Because precious metals can never reach zero, this issue does not arise.
The owner of precious metals benefits from their worth. Since it is in your control, you do not need the authorization to access it.
Steps to Diversify Your IRA
If you don’t already have an IRA:
Cornerstone will assist you with setting up a self-directed IRA since these are the only IRAs that permit you to invest in precious metals like gold, silver, platinum, and others.
Self-directed IRAs also allow the investor more control because you get to pick the investments you wish to make and the custodian.
If you currently have an IRA:
Most precious metals-interested investors will opt to roll over their holdings or move them to a new custodian, though some may decide to retain them.
If you decide to keep your IRA in its current location, make sure that it is permitted to contain precious metals by checking with them first because not all plans allow this.
Cornerstone Asset Metals may assist you in developing a new plan if your present one keeps you from including precious metals. The process is simple once you have the proper IRA account set up.
It would help if you spoke with a Cornerstone Asset Metals Account Advisor about the metals and quantity to buy to achieve your investing objectives.
Your IRA custodian will then add the precious metals to your account once you sign an authorization form giving them your instructions.
Frequently Asked Questions
Can you have multiple IRAs?
The IRS does permit you to have multiple IRAs. The IRS limits an individual’s annual contribution to a maximum of $6,000, which is the issue. These days, even though you can have multiple IRAs, most people have one or two because it is a small amount of money.
Can I transfer my current IRA?
Yes. An existing IRA can be converted into a precious metals IRA entirely or partially. A transfer has few limits, and you are not required to submit any paperwork to the IRS.
There are a few extra steps to complete, and an IRS report is required if you roll over your IRA. To assist you with this procedure, speak with a specialist.
Is the market for precious metals liquid?
Absolutely. The markets for precious metals are among the oldest and most established in the world. For more than 5,000 years, gold has been used as money and every society that has ever existed valued it.
You can quickly sell your assets to raise money if you ever need to do so.
Why should I make a precious metals investment?
A hedge against the US dollar’s diminishing value is precious metals. The US dollar’s value has dropped steadily over the past 100 years, as seen in the graph below. In turbulent political and economic times, precious metals provide shelter.
The effects of the coronavirus epidemic demonstrate that social unrest will only worsen over the next few years. And finally, ten-year bull markets occur in precious metals, and the current bull run has barely been going for nearly two years.
Is This Company a Scam?
The fact that Cornerstone Asset Metals does not list any precious metals for sale is a giant red flag when dealing with them.
They have never seen a precious metals dealer with no gold or silver bars and coins on their website. This fact warrants caution.
Pros and Cons
- Unlike rivals who offer luxury goods like jewelry, they employ precious metals as an investment vehicle to safeguard money.
- They offer a ton of customer assistance and guide you through purchasing.
Final Thoughts – Cornerstone Asset Metals Review
Cornerstone Asset Metals’ Terry Sacka and staff genuinely care about their customers.
With all the content they create for their podcast and television show, they do an excellent job informing investors about the issues with our existing monetary system.
It’s lovely that they uphold the College for Financial Planning’s code of conduct and are accredited by them.
One obvious problem is that they only sell gold or silver bars or coins, except the odd Cornerstone Crown, a religious coin.
It is strange and unprecedented for a precious metals merchant not to have any precious metals for sale on their website.
There are alternative, much better dealers to invest with, even though we presume Cornerstone Asset Metals is a respectable business.