In times of economic uncertainty such as these, what are some things that can be done to make sure that your gold is, well, your gold? Here’s some insight…
David Drummond interviewed on SBTV
SBTV asks David Drummond of Georgetown Trust about gold self-directed Individual Retirement Accounts (IRAs) and the benefits of going international/offshore to diversify wealth in times of economic uncertainty.
Discussed in this interview:
00:53 What is a Self-Directed IRA?
02:08 Difference between an IRA Custodian and an IRA Administrator
03:34 Difference between a 401K, Roth IRA and Self-Directed IRA?
05:35 What does it mean to go international/offshore?
08:04 Favorable jurisdictions and second passports
13:10 Benefits of having international bank accounts
16:38 Governments poking around in foreign bank accounts
22:43 Holding gold offshore to diversify wealth
24:46 Self-directed gold and silver IRA
27:25 Any restrictions to the type of gold and silver that can be bought with IRA
29:26 Asset protection for business owners
33:33 Offshore LLC vs International Business Company(IBC)
38:39 Foreign earning income exclusion(FEIE)