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3 Ways to Start Considering Gold Investment PDF Print E-mail
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Written by Ginny Grimsley   
Wednesday, 10 December 2014 13:12
The Public Has Been Sold a Very Limited
Narrative, Says Veteran Financial Strategist

Gold has made headlines in recent years, but it remains arguably the most misunderstood investment resource, says gold financial strategist William A. Storum.

“The conventional narrative is that people ran to gold in the panic of the 2008-09 economic crash, and that the price eventually plummeted by 28 percent from the 2012 close – from $1,675 an ounce to about $1,200 in 2013 – but there was no context or national discussion as to what that really meant,” says Storum, author of “Going for the Gold,” (

“What most in the media failed to emphasize was the fact that this drop was the first since the year 2000. Such a long-lasting bull run should not have been overlooked, and despite the 2013 setback, gold remains a valuable investment.”

The reasons to own gold have not changed, he says. Many, however, simply don’t know that there are many ways in which to invest in gold – not just owning the metal. Storum reviews those options.

•  Along with coins and bars, a well-established way to invest in gold is to invest in the shares of a company that mines gold. As long as the price of gold increases, gold-mining firms are likely to show higher profits, which will increase their share prices. Gold producers are also valued on their production volume. Higher profits can generate ample dividends to investors, but lower gold prices or other circumstances, such as unrest in a host country, for example, can result in losses. So, investing in mining stocks and funds is, in many respects, like any other stock market investment. Many gold mining stocks are publicly traded, and several mutual funds hold a diverse collection of these stocks. Stocks and funds rate high for convenience and profit potential, but investors are exposed to market swings.

•  Of course, don’t forget about actual gold … which comes in the form of coins and bars. This is the most direct investment, readily at hand and free from fraud, which many folks prefer due to market volatility. However, you’ll need to minimize dealer markups and find a practical mode of storage. Bullion is a good form to start with; it’s a term referring to a gold item that’s valued solely by its weight and purity. Generally, you’ll pay a premium of nearly 2 to 3 percent when you buy and take a discount of the same magnitude when you sell. If premiums and discounts are much higher when buying and selling, you’re probably being ripped off. As gold has been shown to be a good long-term investment, these premiums and discounts will likely be marginal costs.

•  Among the new forms of gold exchange-traded funds, bullion ETFs (exchange-traded funds) have become the most popular. They offer a direct pay on the price of gold, but they don’t provide direct access to gold you can touch and trade. Funds holding a variety of mining stocks are known as open-ended mutual funds, whereby investors buy shares from a fund company and sell shares back to the same company. ETFs have emerged in recent years to rival mutual funds. Bullion ETFs are among those with the highest visibility and, for investors, bullion ETFs provide a practical way to profit from gold price increases without worrying about dealer markups, storage, insurance and other concerns. The advent of bullion ETFs permits institutional investors to buy gold and include it in their asset allocation.

“These are just some of the ways you can invest in gold,” Storum says. “It’s important to note that there are different types of tax implications for these investments. For example, whereas gold stocks are taxed like regular stocks, bullion ETFs are taxed as collectibles with different rates and rules.”

About William A. Storum

William A. Storum, JD, is a member of the California Bar Association (inactive) and a licensee (inactive) of the California Board of Accountancy. He has extensive experience in individual, corporate, real estate and partnership taxation and has represented clients in tax audits and other tax matters with the IRS. As an investor, Storum came to understand the need to own gold in order to preserve wealth from our government’s reach. He wrote “Going for the Gold,” (, in an effort to clarify widespread confusion about investment in and taxation on gold. Storum graduated cum laude from the University of Santa Clara with a bachelor’s degree in accounting with a minor in economics, and from the University of Santa Clara School of Law, cum laude.

Kari Hoffman to join The Institute's Director's board. PDF Print E-mail
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Written by Narveen Aryaputri   
Wednesday, 10 December 2014 12:46
Welcoming Ms. Kari Hofmann, as Director of The Institute for Cultural & Healing Traditons, Ltd.
Ms. Hofmann started her IT career with QCOnline then continued with Internet Revealed. Kari Hofmann currently holds  the position of General Manager of Network Business Systems, in Geneseo, Illinois.   Kari has been graced with two multitalented girls Alaina Hofmann and Phoebe Gradert who are both gifted in science, art, and sports. Ms Hofmann is excited to be able to support the Institute CHT.
Ms. Hofmann feels that even though fabulous innovation have come of conventional educational institution they still impose some level limitation, and are born within confines.
Within the independent Scolars group there are no limiations.  In settings where there are no limitations, boundaries, or fear of judgement, is when true unadulterated, innovation of idea is born.  These ideas are often seen as controversial in the lifetime of the inventor, then become the renescance thought in the future.
The Institue for  Cultural & Healing Traditons, Ltd is a 501(c)3 since 1996 under US laws at State and Federal level.
Dr. Jim Lehman, MD, P.hD,  Past VP Genesis Medical Center and Director of The Institute for Cultural & Healing Traditions, Ltd, since 1998 has left our area. He is now Director emeritus at The Institute CHT.

Gov. Quinn Directs Children and Family Services Advisory Council to Convene on Residential Center Conditions PDF Print E-mail
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Written by Katie Hickey   
Tuesday, 09 December 2014 16:37

Names Expert Robert Bloom as Advisor to Committee

CHICAGO – Governor Pat Quinn today directed the Illinois Department of Children and Family Services (DCFS) to take further action in light of recent reports of disturbing issues within residential care centers for troubled youth. The Governor today directed the Children and Family Services Advisory Council to convene immediately to assess the situation and develop necessary steps to resolve these issues. In addition, the Governor named a top expert as an advisor to the committee, which will meet Thursday. The Governor issued the below statement:

“The recent revelations regarding some residential youth centers in Illinois are alarming and unacceptable. They must be addressed immediately.

“Today I am directing the Children and Family Services Advisory Council to meet promptly to respond to the issues at these residential youth centers and develop a comprehensive action plan to address them.

“Every necessary corrective action will be implemented and monitored by the Department and its advisory committee. Our most vulnerable are of highest priority and must get the care and protection they deserve.

“The Department must take every step necessary to prevent these harmful incidents to youth from ever happening again."

The Governor directed the Children and Family Services Advisory Council to meet this Thursday, Dec. 11 to immediately address the issues at some of the state’s residential care centers. In addition, the Governor today also named Dr. Robert R. Bloom as advisor to the Children and Family Services Advisory Council. Dr. Bloom, former longtime Executive Director of the Jewish Children’s Bureau, previously served on the Child Welfare Advisory Board and is a widely respected expert on the topics of residential treatment and institutional child abuse.

Additionally, as announced previously, the DCFS is bringing in an independent expert to conduct a full investigation of the residential treatment centers with which the Department works. The results and recommendations from that review will be made public.

The DCFS is also conducting a comprehensive review of data from residential facilities to determine whether performance has improved since the timeframe examined by the Chicago Tribune and whether further sanctions or consequences are warranted.

Lawrence Hall Youth Services and ERIC Family Services have both been placed on intake hold effective Dec. 4, 2014.


Jake Ketzner named legislative liaison for Branstad, Reynolds PDF Print E-mail
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Written by Office of the Governor of the State of Iowa   
Tuesday, 09 December 2014 15:49

(DES MOINES) – Gov. Terry Branstad and Lt. Gov. Kim Reynolds today announced that Jake Ketzner will serve as the Governor’s Office legislative liaison. Ketzner replaces Adam Gregg, who was appointed as State Public Defender by Branstad.

“I am pleased to announce the hire of Jake Ketzner to serve as our legislative liaison,” said Branstad. “Jake is a talented professional who will work with legislative leaders to build a consensus on meaningful legislation that will continue moving Iowa forward.”

Ketzner is a 2008 graduate of The University of Iowa. In 2010, Ketzner served as the Branstad-Reynolds campaign’s organization director. He served as a policy adviser in the Branstad-Reynolds administration, focusing on the issues of transportation, inspections and appeals, corrections and lottery. He was the 2014 Branstad-Reynolds campaign manager.

“Jake’s strong work ethic and focus will be an asset in his new role in our office,” said Reynolds. “With important work to be completed in the 2015 legislative session, we’re eager to have Jake join our team as legislative liaison.”

Ketzner, who will begin his role today, December 8, said, “I’m grateful to have the opportunity to return to the Governor’s Office and for challenge of serving in this new capacity. I look forward to working with legislators in our shared interest of building Iowa for the future.”


Loebsack Provisions Included in 2015 Defense Policy Bill Pass House PDF Print E-mail
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Written by Joe Hand   
Monday, 08 December 2014 10:12

Washington, D.C. – Congressman Dave Loebsack released the following statement after provisions he authored were passed by the House. Loebsack, the only member of the Iowa delegation who serves on the House Armed Services Committee, offered these provisions to be included in the FY 2015 National Defense Authorization Act (NDAA). The legislation also includes new language, which Loebsack supported and worked to include, addressing the ongoing sexual assault crisis in the military. Additionally, it prohibits any new BRAC rounds, which Loebsack also fought to include in the bill.

“Our men and women in uniform, along with their families, proudly and honorably serve our country. As a military parent, I am proud to have worked with my colleagues on both sides of the aisle to deliver the level of support and access to resources our troops need and deserve. While it does not include everything I would have hoped, it takes important steps to drive more workload to the Rock Island Arsenal and help both the Arsenal and Quad Cities’ economy remain strong.

“This legislation also takes multiple important steps to continue to address the horrific sexual assault crisis that has engulfed the military, though a lot of work remains to be done to address the issue. We must ensure victims have the support they need and prosecute perpetrators to the fullest extent. I will continue to work to address this issue with the urgency it deserves.”

Provisions Congressman Loebsack fought to include in the FY 2015 National Defense Authorization Act specifically for the Rock Island Arsenal are:

·         Greater utilization of the organic industrial base – The NDAA will broaden existing efforts from the Army to the entire DOD directing greater utilization of the organic industrial base, which includes the Arsenal. This provision will ensure contracting officers have to give justification for skipping over the organic industrial base for the commercial base.

·         Eliminates authority of the secretary of the Army to abolish arsenals – Since the creation of the Arsenal Act, the secretary has had unilateral authority to keep open or close an Arsenal under the purview of the Department. This provision eliminates that authority with the goal of the Arsenal falling under the same BRAC-like process that all other installations adhere to.

In addition, Loebsack pushed to include many provisions important to our troops and their families, including:

·         A pay raise for our troops;

·         Rejects Department of Defense proposals to fundamentally change the TRICARE military healthcare system;

·         Included efficiencies to military commissaries, making them more efficient without increasing prices to military personnel and their families;

·         Includes $45.3 million for behavioral and psychological health programs to help combat suicide;

·         A number of important sexual assault prevention and prosecution provisions, which Loebsack has championed, including:

o   Elimination of the “good soldier defense” – a consideration of general military character toward the probability of innocence in sexual assault prosecutions;

o   A review of the terms of discharge for those who are victims of sexual offenses, to ensure that they have not been persecuted for reporting crimes.


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