Exciting news from the world of cryptocurrency! President Nayib Bukele of El Salvador recently welcomed Pakistan’s Minister of Crypto, Bilal Bin Saqib, for a groundbreaking meeting. The focus? Strengthening global collaboration on all things Bitcoin.
Bitcoin Mining and Energy Sustainability
Exploring Renewable Resources for Bitcoin Mining
One of the key topics discussed was Bitcoin mining and energy sustainability. El Salvador, after making history as the first country to adopt Bitcoin as legal tender, is leading the charge. With a state-run "Bitcoin piggy bank" and innovative green mining operations utilizing geothermal energy from volcanoes, they are setting a new standard.
Strategic Bitcoin Reserves and Education
Empowering Future Generations with Bitcoin Education
Not stopping at financial innovation, El Salvador is investing in the future with a Bitcoin-focused curriculum for young students. By introducing concepts like "What Is Money?" to children aged 7–13, they are fostering a generation well-versed in cryptocurrency.
Pakistan's Crypto Evolution
Transforming Policy to Embrace Crypto Investments
Pakistan is also making waves in the crypto world. With plans to legalize Bitcoin and establish a welcoming regulatory framework, the country is ready to attract global investment. By harnessing surplus electricity for Bitcoin mining and AI data centers, Pakistan is positioning itself as a digital infrastructure hub.
After a notable conversation with Strategy Executive Chairman Michael Saylor and recent appointments of strategic crypto advisors, Pakistan is gearing up for a crypto revolution. Saqib's announcement at the 2025 Bitcoin Conference in Las Vegas solidifies their commitment to building a national Bitcoin reserve.
Exciting times lie ahead as these two nations pave the way for a Bitcoin-powered future. Stay tuned for more updates on this dynamic collaboration!
Frequently Asked Questions
Should You Invest Gold in Retirement?
It depends on how much you have saved and if gold was available at the time you started saving. If you're unsure about which option to choose then consider investing in both.
In addition to being a safe investment, gold also offers potential returns. This makes it a worthwhile choice for retirees.
Gold is more volatile than most other investments. Because of this, gold's value can fluctuate over time.
However, it doesn't necessarily mean that you shouldn't invest your money in gold. It is important to consider the fluctuations when planning your portfolio.
Another benefit of gold is that it's a tangible asset. Unlike stocks and bonds, gold is easier to store. It's also portable.
As long as you keep your gold in a secure location, you can always access it. Physical gold is not subject to storage fees.
Investing in gold can help protect against inflation. Gold prices are likely to rise with other commodities so it is a good way of protecting against rising costs.
Additionally, it will be a benefit to have some of your savings invested into something that won't lose value. Gold usually rises when stocks fall.
Investing in gold has another advantage: you can sell it anytime you want. Just like stocks, you can liquidate your position whenever you need cash. You don't even need to wait for your retirement.
If you do decide to invest in gold, make sure to diversify your holdings. Don't place all your eggs in the same basket.
You shouldn't buy too little at once. Start with a few ounces. Then add more as needed.
Remember, the goal here isn't to get rich quickly. It is to create enough wealth that you no longer have to depend on Social Security.
Although gold might not be the right investment for everyone it could make a great addition in any retirement plan.
Can I own a gold ETF inside a Roth IRA
This option may not be available in a 401(k), but you should look into other options such as an Individual Retirement account (IRA).
Traditional IRAs allow for contributions from both employees and employers. You can also invest in publicly traded businesses by creating an Employee Stock Ownership Plan (ESOP).
An ESOP offers tax benefits because employees can share in the company stock and any profits that it generates. The tax rate on money that is invested in an ESOP is lower than if it was held in the employees' hands.
A Individual Retirement Annuity (IRA), is also available. An IRA lets you make regular, income-generating payments to yourself over your life. Contributions to IRAs do not have to be taxable
Can I buy gold using my self-directed IRA
While you can purchase gold from your self-directed IRA (or any other brokerage firm), you must first open a brokerage account such as TD Ameritrade. You can also transfer funds from another retirement account if you already have one.
The IRS allows individuals contributing up to $5.500 each ($6,500 if married, filing jointly) into a traditional IRA. Individuals can contribute up to $1,000 annually ($2,000 if married and filing jointly) directly to a Roth IRA.
If you do decide to invest in gold, you'll want to consider purchasing physical bullion rather than investing in futures contracts. Futures contracts are financial instruments based on the price of gold. These financial instruments allow you to speculate about future prices without actually owning the metal. You can only hold physical bullion, which is real silver and gold bars.
What is the benefit of a gold IRA?
The benefits of a gold IRA are many. It's an investment vehicle that lets you diversify your portfolio. You can control how much money is deposited into each account as well as when it's withdrawn.
You have the option of rolling over funds from other retirement account into a gold IRA. This will allow you to transition easily if it is your decision to retire early.
The best thing about investing in gold IRAs is that you don’t need any special skills. They are readily available at most banks and brokerages. You don't have to worry about penalties or fees when withdrawing money.
There are, however, some drawbacks. Gold is known for being volatile in the past. Understanding why you want to invest in gold is essential. Do you want safety or growth? Are you trying to find safety or growth? Only then will you be able make informed decisions.
If you are planning to keep your Gold IRA indefinitely you will want to purchase more than one ounce. A single ounce will not be sufficient to meet all your requirements. You may need several ounces, depending on what you intend to do with your precious gold.
You don't need to have a lot of gold if you are selling it. You can even live with just one ounce. These funds won't allow you to purchase anything else.
Statistics
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
External Links
wsj.com
- Saddam Hussein’s InvasionHelped Uncage a Bear In 1989 – WSJ
- How do you keep your IRA Gold at Home? It's not legal – WSJ
investopedia.com
cftc.gov
forbes.com
- Gold IRA, Add Sparkle to Your Retirement Nest egg
- Understanding China's Evergrande Crisis – Forbes Advisor
How To
Gold IRAs: A Growing Trend
As investors seek to diversify their portfolios while protecting themselves from inflation, the trend towards gold IRAs is on the rise.
Owners of the gold IRA can use it to invest in physical bars and bullion gold. It can be used as a tax-free way to grow and it is an alternative investment option for people who are not comfortable with stocks or bonds.
A gold IRA allows investors the freedom to manage their wealth without worrying about volatility in the markets. They can also use the gold IRA as a protection against potential problems like inflation.
Investors also benefit from physical gold's unique properties, such as durability and portability.
Additional benefits of the gold IRA include the ability to quickly pass ownership to heirs. Additionally, the IRS does not consider gold a money or a commodity.
This is why the gold IRA has become increasingly popular with investors looking to provide financial security during times of financial uncertainty.
—————————————————————————————————————————————————————————————-
By: Jenna Montgomery
Title: El Salvador And Pakistan Leaders Unite To Embrace Bitcoin Future
Sourced From: bitcoinmagazine.com/news/el-salvador-and-pakistan-leaders-meet-to-discuss-bitcoin
Published Date: Wed, 16 Jul 2025 19:28:02 +0000
