Terry Sacka Addresses IRA 401K Investors Concerning Gold Surge After Debt Limit Raised

Washington averted a crisis by raising the country's debt limits resulting in a surge in gold and silver prices. Terry Sacka addressed investors who own gold and silver in their retirement accounts on what they can expect moving forward into the future and whether it is a good time to buy more.
 
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How to Protect Your IRA 401K
How to Protect Your IRA 401K
JUPITER, Fla. - Nov. 1, 2013 - PRLog -- The dollar recently plunged to a two-year low after the debt ceiling was raised through February 7th 2014. With this move bulls and bears are left to ponder whether precious metals are staging a short-covering rally or is this a true trend change as a reaction to the temporary spending move.

Terry Sacka, is the chief strategist at Cornerstone Asset Metals in Jupiter, Fla. He advises investors on how to use precious metals such as gold, silver, platinum and palladium to hedge their portfolio against inflation and systematic risk. He contends that with the heavy fluctuation of paper-dominated assets funding the majority of IRA's and 401k's, it is a prudent decision to establish a well-diversified retirement plan that invests in gold and silver - one of the few assets have retained value throughout the history of exchange.

A spokesperson for the company stated, "Most investors qualify for a precious metals IRA but are unawarethe choice even exists.Since 1986, the IRS has allowed individuals to hold precious metals with their IRA, offering a unique hedge against stock market volatility and decline.  Common types of retirement plans that may qualify include Traditional and Roth IRA’s, SEP IRA’s, 401 (k)s and 403 (b)s."

Terry explained, "Physical demand for gold remains strong. With a partial debt resolution and Janet Yellen being brought into the Fed, most will conclude the printing will continue. A rush may occur in physical purchases to try and catch a bottom and shore up some inventory."

http://www.youtube.com/watch?v=UG9hzXooL14



When Mr. Sacka was questioned who were the biggest purchasers in the gold market he stated that he believes China may be manipulating gold paper trading to acquire physical gold in the short term.

He explained, "(The) Chinese are impressive planners. They don't mind low bullion prices now while they are buying and continuing record-level purchases of gold and silver," Sacka wrote. "They plan ahead. They know one day soon the dollar will lose a lot of value and prices will skyrocket, thus protecting their $3 trillion position in the dollar."

About Terry Sacka
Terry is a financial analyst and accredited asset management specialist (AAMS) at Cornerstone Asset Metals, a private bullion dealer located in Jupiter Florida. The company enables investors, both large and small, to use metals such as gold, silver, platinum and palladium as an effective hedge for their retirement accounts against inflation. The company mission is to put people back in charge of their wealth through tangible assets that have been used as a medium for exchange since the dawn of civilization.

For more information visit the company website at http://www.cornerstoneassetmetals.com

Cornerstone Asset Metals 601 Heritage Drive, Suite 104 Jupiter, FL 33458 (888) 747-3309

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