Precious metals have always been a reliable ways to secure your wealth. Diversifying into physical precious metals is one of surest ways you can ensure today that your children and grandchildren are financially secure tomorrow.
A legal provision known as the Uniform Transfers to Minors Act, or UTMA, makes it possible for you to buy precious metals for minor children in your family, so they’re ensured of having a strong start in life years from now.
Here’s how UTMA works:
UTMA allows you to hold assets in “trust” for your children or grandchildren (or a niece or nephew, any minor whose future you’d like to protect) until they come of legal age.
If, for example, you have a child who’s 10 years old, you can open an UTMA account in that child’s name through the Hard Assets Alliance today, and buy precious metals for the child until he or she reaches the age of 18 or, in most states, 21. State by state, the top-end UTMA age regulations vary, so you’ll want to consult with your tax professional to see how your home state handles UTMA.
All of our precious metals coins and bars can be held in an UTMA account, so you have the flexibility to purchase your precious metals products of choice. And likewise, you can choose from any of our US and international storage options through our agreements with Brink’s, ViaMat, and Malca-Amit.
With an UTMA, you buy only when you find the metal’s price attractive.
Your purchases of real, tangible precious metals build up over time on behalf of the designated minor in your family. And when that minor needs the metal as he or she begins adult life, it’s there, safe and secure.
The idea behind an UTMA is that daily precious metals prices don’t matter. What matters is having a store of gold, silver, platinum, and/or palladium 10, 20, even 50 years from now for your family.
The Hard Assets Alliance is a group of over 60 economic and financial publishing and research firms that have banded together to offer their members unparalleled access to real, tangible, physical precious metals via an easy-to-use platform.
Records of holdings in the vault locations are reconciled on a daily basis. Once per quarter, a Big Four accounting firm conducts a full vault audit.
The Hard Assets Alliance contracts with the world’s largest and most respected non-bank vaulting companies in the world. In the United States and Australia, the Hard Assets Alliance works with Brink’s. Malca-Amit provides secure storage in Singapore. And in the UK and Switzerland, storage is provided by ViaMat.
There are several ways the Hard Assets Alliance is different (and better) than other precious metals buying, storing, and selling venues. First, the Hard Assets Alliance user interface is intuitive, easy to use, and extremely reliable.
Second, the Hard Assets Alliance does not offer “paper” accounts like many other platforms. You chose the type and amount of metal you want to buy.
Hard Assets Alliance offers storage options for your precious metals in the capacity of a steward, nothing more. Your metal is your metal. It is yours and yours alone.
Third, selling your metal is just as easy as buying it. The entire Hard Assets Alliance interface is designed to give you “one-stop” power to buy, store, and sell precious metals quickly and at the best possible prices.
The metal you sell is converted to cash that’s deposited directly into your account.
UTMA (Uniform Transfers to Minors Act), available in 48 US states*, is a provision whereby an adult can transfer wealth to minors.
In most states, the minor doesn’t come into possession of the assets until the age of 21.
In some states, the minor must take possession of the assets at age 18.
Check with your tax advisor to learn the UTMA regulations in your state of residence.
With the Hard Assets Alliance, UTMA accounts are free and easy to set up.
Applying for an account takes approximately 10 minutes. After providing basic account information, you can be ready to buy precious metals in about 2 business days.
If you already have an account with the Hard Assets Alliance, you may use your existing username and password to set up the UTMA account.
As a custodian of that account in the minor’s name, you may buy on their behalf, but you cannot take possession of the metals. The metals are, after all, being bought for someone other than you.
*UTMA regulations have not been adopted by Vermont and South Carolina.
You can open an UTMA account for free and fund it when you choose with whatever amount you like.
Our full range of products and storage locations are available for UTMA accounts, and as with all account types, our no-minimum purchase policy applies.
If you have any other questions or would like full details on how to open an UTMA, please call Hard Assets Alliance customer support at 1-877-727-7387.
Opening an UTMA account with the Hard Assets Alliance is, of course, free.
You can fund it when you choose to do so and safely begin purchasing real, tangible precious metals for the children in your life.
Gold and precious metals will stand the test of time. They’re an insurance policy against disaster and a reliable store of wealth for the long term.
Purchasing precious metals for your children and grandchildren today is the best protection you can provide them for tomorrow.
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