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With so much uncertainty in the globe, more and more investors realize the value of diversifying their holdings into precious metals. Putting money into precious metals like gold and silver may pay off handsomely.
These precious metals continue outperforming the market, are easily liquidated, protect against inflation and provide investors with portfolio diversification opportunities. These are essential to building a solid foundation for your financial future.
However, you may need help deciding which online gold and silver dealer to work with due to the abundance of options available. Cornerstone Asset Metals is one such company whose name you might be familiar with. In this post, we'll break down critical details regarding the firm so you can decide who to use to acquire precious metals.
About Cornerstone Asset Metals
In 2009, Terry Sacka established the company now known as Cornerstone Asset Metals. The company specializes in helping investors of all experience levels, from those just starting to those nearing retirement, use gold and silver to preserve and increase their wealth.
Cornerstone's mission is to help investors simplify their retirement planning and amass sufficient capital to leave to their grandchildren comfortably.
With strategies that reduce your risk while delivering the best possibility for high portfolio returns, Cornerstone Asset Metals is committed to assisting investors in diversifying a portion of their retirement savings plans into physical assets like gold and silver.
The Cornerstone Asset Metals membership concept was created to compete with conventional savings and retirement programs. The company's ideal client is relatively young and has a high disposable income but at most $1 million in assets.
It's aimed at young people worried about the long-term viability of their assets and retirement funds and open to novel investment opportunities.
Cornerstone Asset Metals Management
As was previously indicated, Terry Sacka founded Cornerstone. Sacka is a member of the elite group of investors who have earned the Accredited Asset Management Specialist (AAMS) designation, granted by the College for Financial Planning to those who have studied for and passed their associated examination and committed to abiding by the organization's Code of Ethics.
Sacka also hosts the podcast RIGGED [against you]. The podcast explores the skewed financial playing field in which large corporations, financial institutions and the state have an unfair advantage over individual savers and investors.
Through his podcast, Sacka aspires to level the playing field by arming everyday investors with the information they need to protect their investments, lives and families.
In addition to the podcast, Sacka hosted the syndicated TV show Wealth Transfer. The show, which can be viewed on YouTube, discusses various fascinating topics related to the financial sector, from macroeconomics and politics to spirituality.
Wealth Transfer's expressed aim is to free individuals with new knowledge and thorough analysis, all while seeking the truth via trustworthy journalism.
Sacka's goal in creating educational podcasts and TV shows is to aid law-abiding, average Americans by giving "We the people" access to content and knowledge they can't find anyplace else.
Cornerstone Asset Metals Self-Directed IRAs
The objective is to amass a secure, well-balanced portfolio that will allow you to enjoy your golden years without financial stress.
One effective strategy is to diversify your holdings so that they exhibit different behaviors so that if most things are declining in value, you still have something stable.
This is where diversifying your portfolio with precious metals comes in. Gold and silver investments almost always underperform the performance of standard stock and bond investments. Because of the tax benefits they provide, Cornerstone believes all investors should use IRAs.
Individual Retirement Accounts (IRAs) allow you to set away a portion of your income regularly and invest it in various assets, including precious metals, deferring taxation on your savings until you withdraw the funds for retirement.
When you work with Cornerstone, you may open a self-directed IRA, the only type that will allow you to invest in precious metals like gold, silver, platinum and others. Investors have more freedom with a self-directed IRA since they can choose the investments and custodians.
Although some may want to stay on to their precious metals holdings, most investors will instead roll them over to a new custodian. To maintain your IRA at its present financial institution, you should verify that the plan includes precious metals.
If your current strategy does not allow for precious metals, Cornerstone Asset Metals can help you develop a new one. After an IRA account has been established, the procedure is straightforward.
A Cornerstone Asset Metals adviser can be consulted for assistance on which metals and how much to purchase to meet your investment goals. Once you sign an authorization form, your IRA custodian will follow your instructions and deposit the precious metals into your account.
Buying Gold and Silver Bullion
Customers of Cornerstone Asset Metals can fund their precious metals IRA with physical gold or silver bullion purchases. The company can also help you buy gold and silver bullion coins and bars for private storage or delivery to your door if that's how you like to invest.
Coins and bars available for investment should be more detailed on the website; prospective buyers will need to contact the firm to find out more.
The website features several unique silver pieces, including the Cornerstone Crown. The First Amendment guarantees religious freedom in the United States, which is commemorated on this silver dollar.
Precious Metals Storage
If you want to set up a precious metals IRA, you'll need to deposit your metals in a depository recognized by the Internal Revenue Service. With the help of Cornerstone Assets Metals, you may store your valuables in a safe and approved facility.
However, when buying gold or silver from Cornerstone Asset Metals for personal investment, you can have your commodities shipped straight to you or keep them in a safe depository.
If you decide to utilize their storage services, you may talk to a team member about setting up the storage and learn more about the safety measures they use to protect your valuables.
Are There Any Warning Signs for Cornerstone Asset Metals?
Before making a life-altering choice, reading testimonials from satisfied customers is wise. Purchasing precious metals is a substantial investment, so it's essential to do your homework and research Cornerstone to see if any red flags pop up before you engage with them.
We've aggregated reviews of Cornerstone from four different sources below. They have high ratings on the sites where they are offered, as can be seen. However, only some customers' reviews about the firm may make you skeptical of the kind of service they'll deliver.
Is Cornerstone Asset Metals a Scam?
The Cornerstone Asset Metals company is legitimate. It's a genuine firm that's been operating since 2009. There is no reason to suspect they are out to scam anyone, as they provide legitimate services.
Is Cornerstone Asset Metals a company you'd like to do business with now? That's a very different inquiry. There aren't many favorable reviews of the firm online, but those there are encouraging. Cornerstone has relatively few reviews for an investing company in precious metals, unlike competitors that may have hundreds or even thousands.
This may or may not indicate the company's quality of service, but is it prudent to assume such a high risk while investing in precious metals?
Cornerstone Asset Metals' variety of precious metals is limited compared to other businesses. Gold and silver are available as investment alternatives; platinum and palladium are not. Adding platinum and palladium coins and bars is a great strategy to diversify your portfolio.
Cornerstone Asset Metals is a gold and silver bullion dealer; however, their website doesn't provide a catalog of available coins or bars. Because of this, it may be difficult to gauge your level of satisfaction with this company in relation to your experience with other precious metals firms.
Also, we wish Cornerstone Asset Metals had a Live Chat feature on their website. Several other investing firms provide this convenient option, which may speed up getting help or finding a solution to a problem. You may still call or email; however, Live Chat may be more practical in some situations.
Why Invest in Precious Metals?
Investing in precious metals has several upsides, including silver, gold, palladium and platinum. As precious metals prices are usually fairly steady no matter the state of the economy, they have long been seen as a hedge against inflation and economic instability.
Moreover, they help investors diversify their portfolios because their performance is not directly tied to that of equities or bonds. In addition, the price of precious metals tends to climb in geopolitical and economic uncertainty, leading many investors to see them as a haven asset.
Gold offers protection against currency depreciation since its value is not linked to any one currency. Hence, if a country's currency declines in value, the price of gold can stay steady or even rise. In addition to being a store of value, precious metals are a liquid market commodity.
In addition, certain investors may see precious metals as a means of long-term asset preservation. This is because precious metals may increase in value over time and are less susceptible to market fluctuations than other investments. Lastly, some might consider purchasing precious metals a tax-wise means of portfolio diversification.
Which Precious Metals Are IRA Approved?
The IRS allows individuals to invest in certain precious metals as part of their IRAs.
Final Thoughts
Cornerstone Asset Metals, led by Terry Sacka, genuinely cares about its customers. Their podcast and television program does a great job of informing investors about the flaws in the present monetary system.
It's fantastic that they've passed the College for Financial Planning's rigorous accreditation process and promise to uphold the organization's code of conduct. One major drawback is that they don't stock bullion products such as gold or silver bars or coins (except the weird religious coin, the Cornerstone Crown).
It is quite unusual for a dealer in precious metals not to have any precious metals for sale on their website. For the sake of argument, we assume that Cornerstone Asset Metals is a good business, but there are superior dealers from which to choose.
Although we do not specifically disapprove of Cornerstone Asset Metals, we do not advocate for them either. They are not fraudulent, but you should go elsewhere if you want to put your retirement funds in gold.
Other reputable companies like our top five highly rated companies offer a wide variety of gold bullion. If you truly need to protect your retirement funds, you should do further research and find a company with a better reputation than Cornerstone Asset Metals.