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LA Chronicle
Mark Herpel
March 12, 2008
In case you have been living in a cave the past several months, global stock markets have been taking it on the chin. Stocks are down, way down.... the equities markets are reflecting the overall downward trend in the US economy plus fallout from the current mortgage crisis.
Most of the everyday working people you meet are saying something like this, "My IRA is getting killed" or "...stocks are dropping and my retirement account is disappearing." If you want to add some safety to that retirement fund you might just consider buying gold.
You can now buy actual gold bullion in your retirement account. Digital gold bullion has been gaining huge popularity in past two years and today GoldMoney.com announced that their digital gold and silver bullion can now be efficiently purchased for investment through IRA and 401(k) accounts. Do you need safety but want higher than money market returns in your 401(k)? Well, now you can own Digital Gold or Silver in your retirement accounts.
The Entrust Group, which is one of the leading providers of account administration services for self-directed retirement plans, has worked with a well established self-directed custodial account provider, International Bank & Trust Company, to create a precious metals facility for Individual Retirement Accounts ("IRAs"). The Entrust Group is the premier provider of account administration services for self-directed retirement plans in the US .
For more than 25 years, Entrust has been an acknowledged authority in the field of self-directed retirement accounts. Founded by industry luminary Hugh Bromma, Entrust serves customers through a nationwide network of dedicated local offices. Mr. Bromma is a frequent guest on CNBC, Bloomberg, MarketWatch, and many other financial programs. One of the ways that this new IRA facility can be used is to hold gold and silver with GoldMoney.
Hubert Bromma, CEO of The Entrust Group said: "In our ongoing desire to provide additional investment diversification opportunities for our IRA and 401(k), this new system of buying and holding gold and other metals provides our customers with another alternative for diversification which up until now has not been available".
GoldMoney, the inventor of digital gold currency, is combining 21st century technology with the world's oldest money - gold - to make the online purchase of gold and silver safe, convenient and economical. Not only is GoldMoney the fastest growing digital gold currency, it is also the largest. Its regular audits and governance procedures have set the industry standard. These advantages have made GoldMoney a world leader in the buying and selling of gold and silver bullion. Anyone can use GoldMoney to build their savings and secure their wealth by owning pure gold and silver that is insured and stored safely and conveniently for them in a specialized bullion vaults near London , England and Zurich , Switzerland . GoldMoney services can be accessed at GoldMoney.com.
James Turk, founder and chairman of GoldMoney explained: "We know that our customers like the ease with which they can purchase and hold gold and silver at low cost, which we then store for them in secure, allocated storage. Now our customers in the US can take advantage of these features in their IRA."
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Attend seminars, workshops and classes on self-directed IRAs in your area.