Cornerstone on Precious Metals
Paper dominated investments are in abundance due to the influx of new money being printed in the American Economy. The result: the value of this paper, according to the law of supply and demand, must therefore decrease. This can impact the cost of goods, price of living, travel and the stock market. Simply put, your dollar isn’t taking you as far as it used. In these uncertain economic times, people will turn to precious metals which have been proven historically to be the most stable standard of value. History shows us in time of high inflation that there will always be a tremendous shift in wealth. Through metals such as gold and silver, people can shift wealth in a direction toward them and not in the opposite direction their paper-dominated assets are taking them .
Investing in precious metals is an economic category in which many investors are seeking more information and education. Cornerstone Asset Metals helps to serve and guide people through the precious metals market so that they may have representation in gold and silver to offset losses in their other asset classes. Gold and Silver are the true standard of wealth and used globally for the exchange of goods and services. By hedging your portfolio with these metals you can preserve your pre-existing assets and build true wealth.
A Cornerstone account allows you to move quickly in and out of your gold and silver positions. Your account is liquid at all times, even when the market is not moving. A simple call to your Cornerstone representative allows you to purchase or sell your physical assets at the best market price. If you are purchasing tangible assets, you can have them shipped directly to your door via USPS Flat Rate, Insured Ground Shipping. You also have the option to store your metals at an independent depository in your name until you are ready to take possession of them. The choice is yours as you remain in control of your financial future and well-being with us.
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Since the dawn of time gold has been used for barter, trade and currency. Considered the most liquid and desire metal that ever existed, gold is also the most globally trusted medium of exchange due to it’s superior stability.
The true gold standard was enacted in 1900 with the passage of the Gold Standard Act. In 1933, President Franklin D. Roosevelt outlawed private gold ownership. The Bretton Woods System of 1946 created a system of fixed exchange rates so that governments could sell their gold to the U.S. treasury for $35 per ounce, but was ended August 15, 1971 by President Richard Nixon. This was the first time in history the link between major world currencies and real commodities were severed. Now the United States, with almost every other country, is based on the system of fiat money which is defined by the glossary as “money that is intrinsically useless; is used only as a medium of exchange”. The value of money is set by the supply and demand for both money and other goods and services within our economy and when the supply increases the price diminishes.
Society has used gold for over 5 millenia, that’s 50 centuries of reliable value and stability. Throughout history it has been revalued to account for all excess currency in circulation. Due to the excess of paper money in this country, if gold were revalued today it would be done so in the neighborhood of $15,000 per ounce. This clearly demonstrates it’s high intrinsic value and vast potential to increase wealth.
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Silver holds a unique position in it’s relation to gold. Unlike gold, they are not mining much silver anymore. Silver is more scarce due to it’s high industrial demand for applications in electronics and other manufactured products.
Here are some of the many uses for Silver:
- Silver Antibacterial Bandages
- Washing Machines
- Food Processing
- Water Storage
- Oxygen Machines
- Cell Phones
- Solar Panels
- Architecture Glass
- Radio Frequency Identification Technology (RFID) Chips
- Medical Uses
- Silver Bearings
It is also used for: lasers, satellites, robotics, high-tech weaponry, TV’s, refrigerators, wall switches, photography, glasses, brazing, soldering, cloud seeding, wood preservation, musical instruments, automotive industry, explosives, dental filings, methanol production, nuclear reactors, Xray machines, polyester, deodorant, disinfectants, catheters, and thousands of other applications.
Before the Gold Standard the U.S. adopted a Silver Standard based on the Spanish mined dollar in 1975 which became official with the Mint and Coinage Act in 1792 and by the Federal Governments use of the “Bank of the United States” to hold it’s reserves. This also established a fix ratio of gold to the US dollar. At this time the bank was not required to keep silver to back all of its currency and the country began to create a bimetallic standard for the US Dollar until the 1920s. Gold and silver coins along with the Spanish real were legal tender. Due to the tremendous debt taken on by the US Federal Government to finance the Revolutionary War, silver coins struck by the government left circulation and 1806 President Jefferson suspended the minting of silver coins. This consequently led to events where silver was ultimately de-monetized by the Coinage Act of 1873.
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Securing your IRA and 401K with gold and silver can be one of the wisest decisions to make in order to hedge your portfolio against inflation. The fluctuation of paper-dominated assets are funding most individual retirement accounts today. With heavy money printing there will obviously be a substantial loss in value within these accounts. A well-diversified portfolio and retirement plan should include precious metals, those tangible assets that have been proven to retain value when paper has fell short. Their performance can help support you when it comes time to retire. Many of those who are currently saving for retirement likely qualify for a precious metals IRA, but unaware they have this option available to them.
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.
For more information on Precious Metals IRA’s and 401K’s: Call Us Today Toll-Free 888.747.3309