#1 Gold IRA Podcast With Jeffrey Tan: The #1 BEST And MOST COMPREHENSIVE Gold IRA Information Source [goldirapodcast.net]

Jeffrey: 00:01

Welcome to the Gold IRA Education with Jeffrey Tan podcast where I cover the world of gold, gold IRAs, money, investing and retirement in a concise and enlightening manner. This is episode number four and the topic for this episode is retirement. Bread costs 3,233 percent more dollars since 1920. Can a gold IRA help? So to quickly introduce myself, my name is Jeffrey Tan.

Jeffrey: 00:32

And so I've been an expert independent gold researcher for over twenty years. And I've also very thoroughly researched the gold IRA industry. And I performed very deep investigative research on over a 40 gold IRA companies in my lifetime. So I have been an expert independent gold research researcher for twenty years. And I have also very thoroughly researched the gold IRA industry.

Jeffrey: 00:56

And I performed very deep investigative research on over a 40 gold IRA companies in my lifetime. So I know what I'm talking about when it comes to the investigative when it when it I know what I'm talking about when it comes to the topic of gold and gold IRAs. So I know what I'm talking about when it comes to the topic of gold and gold IRAs. Now having said this, of course, nothing I say here is financial investment or tax advice. I'm only sharing information that I have learned over more than twenty years as an expert independent gold researcher.

Jeffrey: 01:31

If you want financial investment or tax advice, please consult the financial investment or tax advisor. I'm only sharing information that I've learned and any decision you wish to make or not make is your own responsibility and is completely up to you. So to get started, I would recommend that you get a completely free gold IRA guide that is written by the best and most trusted gold IRA company that I have found after many, many years as an independent gold researcher. So this free gold IRA guide will explain everything you need to know and will also answer any questions you may have about gold IRAs. So this is the best guide I've seen in my lifetime and is the best guide available anywhere in my opinion.

Jeffrey: 02:10

So also when you get this free gold IRA guide, you will get free access to the top gold IRA experts who will provide you with personalized support and help over the phone for free and they will answer any questions you may have. So the website address to get this free gold IRA guide is bit.lythebestgoldguide. So to spell that website address out again, that website address is bit.ly/thebestg0ldguide. So all of the characters are lowercase and there's no spaces anywhere. So again, that web address is bit.ly/thebestgoldguide to get this critical free gold gold IRA guide.

Jeffrey: 02:57

And to spell that website address one more time, that website address is bit.ly/thebestg0ldguide. So bit.ly/thebestg0ldguide. So bit.lyTheBestGoldGuide. So again all the characters are lowercase and there are no spaces anywhere. Okay, so now let's define exactly what a gold IRA is.

Jeffrey: 03:28

So gold IRA is basically a self directed individual retirement account or IRA that allows you to hold physical gold within a retirement account. And so so basically a gold IRA is a short for a gold individual retirement account. And so basically, in a gold IRA, you're holding physical gold within that retirement account instead of traditional assets like stocks, bonds, or mutual funds that you would normally hold in a regular traditional IRA. So basically, gold IRA is essentially an IRA that holds gold. So in a gold IRA, you're just holding physical gold within that retirement account instead of traditional assets like stocks, bonds, or mutual funds.

Jeffrey: 04:12

So again, a gold IRA is essentially an IRA that holds gold. And so basically, gold IRA combines the benefits of gold with the tax benefits of retirement savings plan. So gold IRA offers basically a rare opportunity where you can secure and even increase long term purchasing power, and you can and you also increase financial growth and long term wealth. Basically, you you can do this because the gold investment allows you to increase long term purchasing power, financial growth, long term wealth. At the same time, you can receive very significant tax benefits because the gold is in an IRA.

Jeffrey: 04:49

Okay. So now why might a gold IRA be valuable? Well, if you're close to retirement or if you're if you're or if you're already retired, then it is critical that your overall purchasing power to buy the goods and services that you need does not decrease as the years go by. So at the very, very least, you would want your purchasing power to be reasonably stable as the years go by. And so the purchasing power of gold for almost all goods and services actually rises over time.

Jeffrey: 05:18

And additionally, if the gold is held in an IRA, then that would also provide significant tax benefits as well. So actually, regardless of whether you are close to retirement or not, protecting your purchasing power is always important. And so why exactly is protecting your purchasing power important? Well, is important because the purchasing power of the dollar itself declines drastically over time. So if you do not protect your purchasing power, then the dollars you own will buy less and less and less goods and services as the years go by.

Jeffrey: 05:50

So I will go through some price comparisons between the years 1920 and 2024 to illustrate this point. So the prices that I give, of course, are there are there are approximate prices and they're basically average prices, but they will still illustrate my point. Okay. So for example, in 1920, the price of a loaf of bread was only $0.12 In 2024, the price of a loaf of bread was $4 So this represents a price increase of 3233% for the price of a loaf of bread. And it also represents a 97% decline in the purchasing power of the dollar.

Jeffrey: 06:32

So for another example, a gallon a gallon of milk a gallon of milk back in a gallon of milk back in 1920 only cost 54¢. In 2024, the price of a gallon of milk was $4 So this represents a 640% price increase and an 86% decline in the purchasing power of the dollar for for a gallon of milk. Looking at another food item, for example, a pound of ground beef a pound of ground beef in 2024. Pardon me, a pound of ground beef in 1920 was only was only 30¢. So a pound of ground a pound of ground beef in 1920 was only 30¢.

Jeffrey: 07:16

In 2024, a pound of ground beef was $5. So this represents a price increase of 1566% while representing it represents a price increase of 1566% while also representing a 94% decline in the purchasing power of a dollar. So fifth the 1566% price increase and a 94% purchasing power decrease of the dollar. So now for example, let's look at a pound of coffee even. So for a full pound of coffee in 1920, the price was only $0.45 $19.20, the price of a pound of coffee was only $0.45 In 2024, the price of a pound of coffee was $12 Now that represents a price increase of 2566% and it represents it represents a 96% decline in the purchasing power of the dollar.

Jeffrey: 08:23

Now let's look at some other types of products. So did you know that a new car in 1920 only cost $400 That's it, dollars 400. In 2024, the average price of a new car was $40,000 So in 2024, the average cost of a new car was $40,000 So that represents a purchasing power that represents rather a price increase percentage of 9900%, price increase of 9900% with regards to a car. And it represents a 99% purchasing power decline of the dollar. That represents a 99% decline in purchasing power of the dollar.

Jeffrey: 09:13

Okay, another example, let's look at a men's suit. Did you know in 1920, a men's suit was only $30 but in 2024, a men's suit was in 2024 a men's suit was $500 So that represents a price increase of 1566% and it represents a 94% decline in the purchasing power of the dollar. Another example, even some simple jeans. In 1920 jeans only cost an average pair of jeans only cost $3 In 2024, an average pair of jeans cost $50 So that represents a price increase percentage of 1566%. It represents a 94% decrease in the purchasing power of the dollar.

Jeffrey: 10:08

So I'll go through a couple more items just to further illustrate this point. So just for example, 1920, the cost of an entire washing machine was only $80 In 2024, the cost of a washing machine was $800 This represents a 900% increase in the price of the washing machine and it represents a 90% decrease in the purchasing power of the dollar. Let's look at there is one example here that is also very, very critical and just for example, did you know that a one day stay in a hospital, so a one day hospital stay in 1920 was only $10 whereas now whereas in 2024 rather, a one day hospital stay was is $3,000 So a one day hospital stay in 1920 was only $10 in 2024, a one day hospital stay was $3,000 So one day hospital stay in nineteen twenty dollars '10 dollars '1 day hospital stay in 2024 was $3,000 Now that represents a price increase of 29900%. So 29,900 percent price increase. And that represents a decline in the purchasing power of the dollar of 99.5%.

Jeffrey: 11:44

So almost 100%, not quite, but that represents a decline in the purchasing power of the dollar of over 99.5%. Let's look at well and I can go through the list of all kinds of different items here. So basically every item that you would look at has well almost well, since 1920, pretty much every item that you examine has become much more expensive in terms of dollars. And so the the purchasing power of the dollar has decreased very, very, very significantly. So so what does that mean?

Jeffrey: 12:23

Why why is that important? Well so the the examples I just went through clearly show that the purchasing power of the dollar has decreased very dramatically with time. So so clearly, everything is more expensive now. The prices are much higher. The purchasing power of dollar, most cases has decreased by well well well over 95% for most items.

Jeffrey: 12:46

However, did you know that the purchasing power of gold for almost all for almost all of these goods and services has actually increased since that time, since 1920. So this means that the same amount of gold in ounces would purchase more of these goods today as it would have in 1920. So therefore someone who purchased a certain amount of gold in the distance past, so someone who purchased a certain amount of gold in 1920 for a certain amount of dollars, for a fixed amount of dollars, that person hypothetically would actually be able to purchase more goods today on average. So if someone just purchased a certain amount of gold with their dollars back in 1920 and held to today, then they would actually be able to purchase more goods today on average. While someone who just held on to their dollars in 1920 would have lost most of their purchasing power and they would be able to purchase relatively very, very few goods and services today for the same amount of dollars.

Jeffrey: 13:49

So gold has proven to be a very powerful investment to preserve and even increase purchasing power in the long term. So just to clarify this, the hypothetical person back in 1920, they could have taken a certain amount of dollars, bought a certain amount of gold and if they held that gold until today, that gold would actually have bought more goods and services today compared to 1920. Whereas if that same person just held on to their dollars instead of buying gold in 1920, then today that person would have lost upwards well more than 95% of their purchasing power. Okay. So now just to refresh our memory here, a gold IRA, a gold IRA is a self directed individual retirement account or IRA for short that allows you to hold physical gold within a retirement account.

Jeffrey: 14:43

So instead of traditional assets like stocks, bonds, or mutual funds that you would normally hold in a regular traditional IRA, that gold IRA allows you to hold physical gold within a retirement account. And so basically a gold IRA is essentially an IRA that is backed by gold. So basically a gold IRA combines the benefits of gold with the tax benefits of a retirement savings plan. And a gold IRA offers a rare opportunity where you can secure and even increase long term purchasing power, financial growth and long term wealth from the gold investment. And then while at the same time you can receive very significant tax benefits because the gold is in an IRA.

Jeffrey: 15:29

Okay, so to summarize everything of course, of course nothing I say here is financial investment or tax advice. So I'm only sharing information that I've learned over more than twenty years as an expert independent gold researcher. So if you want financial investment or tax advice, please consult a financial investment or tax advisor. So I'm only I'm only sharing information that I have learned and any decision you wish to make or not make is your own responsibility and it's completely up to you. And also, please remember to get that completely free gold IRA guide that is written by the best and most trusted gold IRA company that I found after many, many years as an independent gold researcher.

Jeffrey: 16:08

So this free gold IRA guide will explain everything you need to know and will also answer any questions you may have about gold IRAs. So this is the best guide I have found in my lifetime and is the best guide available anywhere in my opinion. So also when you get this free gold IRA guide, you will get free access to the top gold IRA experts who will provide you with personalized support and help over the phone and they will answer any questions you may have. So the website address to get this free gold IRA guide is bit.lythebestgoldguide. So to spell that website address out, that website address is bit..ly/thebestg0ldguide.

Jeffrey: 16:52

So all of the characters are lowercase and there are no spaces anywhere. So so just go to bit.ly/thebest gold guide to get this critical free gold IRA guide right now. And to spell that website address out one more time, that address is bit.ly/thebestg0ldguide. So again, bit.ly/thebestg0ldguide. So again, all the characters are lowercase and there are no spaces anywhere.

Jeffrey: 17:25

Okay. So thanks for listening. Tune in to this podcast regularly for new episodes where I provide the most critical information on the topics of gold, gold IRAs, money, investing and retirement in a concise and enlightening manner. Also, if you enjoyed listening to this, please share my podcast with everyone you know and I would really appreciate that. Have a wonderful day.

Jeffrey: 17:46

Bye bye.