theirstaxblog.com

Your money in the bank profits you next to zero. Meanwhile, the us government has the ability to print all the cash it wants to.

In brief, your money in the bank is steadily eroding. Your dollar is losing buying authority year after year.

What can you do to protect your savings? Frank Trotter of EverBank has an progressive resolution.

Through EverBank's "Metals Select Gold" accounts, you may continue some of your savings at the bank into gold, instead of in money.

Think having a conversation Frank that goes somewhat similar to this :

"So, Frank. I can keep my everyday cash in my regular checking account. and then I could keep my longer-term savings split among a regular savings account along with gold?"

"Yes."

"But what if I need to convert my gold at the bank into dollars to purchase a big expense?"

"No problem."

"How long will it take to obtain my dollars? A day or two?"

"Yes."

"OK. How can you hold my gold?"

"But you want. You might have gold with your name on it, so to talk, which has a storage fee. Or we can hold it for you as unallocated gold, where there is no storage fee."

"Will you send me my gold if I want it?"

"Absolutely. It is your gold."

I hadn't noticed of U.S. banks offering gold as an account option. But EverBank does. And it's a pretty convenient technique to carry gold.

Imagine your house wants a brand new roof, and you need to get the cash from savings. If the savings have gold coins in a safe-deposit box, you have a serious hassle.

You have to go for a bank and find your gold coins. After that you need to find someone to buy them from you at close to full price. Either take them to a local seller or else send them off to a good vendor. You are taking a {small amount of} a risk, having them on you or putting them in mail. Then you have to wait on a check. You then deposit that check in your bank. Then let it clear. After this you can write a check for a new roof. What a pain!

Along with your gold at EverBank, you tell them you should change your gold to cash plus move that money for a checking account. It's going to take a day or 2 since when you say "sell my gold." Then you can write that check for the roof.

Now, when you have your account in gold, its price will not be guaranteed from the FDIC. Your checking plus savings accounts are, of course. When the cost of gold drops, the worth of your gold account
drops – the FDIC is not going to help you you} out there.

But with the bank paying next-to-no interest – and the government printing funds at will – it is sensible to carry some of the savings in gold. Holding gold within your bank account maintains your living easy. EverBank provides a trouble-free way to do it.

EverBank actually does offer one way to have valuable metals with an FDIC-insured guarantee.

Frank Trotter and his crew are an innovative bunch. They now offer what they call a MarketSafe Compact disc for precious metals. In brief, if valuable metals move down in cost over the lifetime of the CD, you do not lose any cash. If precious metals go up, you get a good percentage of the profits.

Gold Market Monitor is a subscription based membership site that uses an exclusive gold timing strategy. It shows its members the best time to invest in gold bullion or gold stocks and when to exit to the safety of cash. Try the Gold Market Monitor for 60-days and safely profit from up and down trends in the gold market.

Tags: EverBank, funds, gold coins, Gold Markets