(Just The News)—The California Legislature passed a record $325 billion preliminary budget, with final details remaining to be hammered out before the start of the new fiscal year on July 1.
This record budget comes as polling finds a growing majority of Californians now support having lower taxes, in return for fewer government services. According to the nonpartisan Public Policy Institute of California, the majority of Californians supported higher taxes and more services in nearly every PPIC survey since the question was added in 2003 — that is until 2023.
Over the past decade, state spending has doubled while the population has remained largely flat. Officials say employees of the state now earn an average of $177,000, up 42% from 2019.
“This budget continues to overspend while hoping for a growth in revenue instead of cautiously preparing for the worst,” said state Sen. Roger Niello, R-Fair Oaks, who serves as vice chair of the Senate Budget and Fiscal Review Committee.
“A budget that is based on hope is a budget that is destined for despair,” Niello told The Center Square in a statement.
California Gov. Gavin Newsom proposed more proactive cuts from the taxpayer-funded Medi-Cal public health care system, including benefits for illegal immigrants, only some of which were adopted by the Legislature.
The governor’s proposals included requiring illegal immigrants enrolled in Medi-Cal to pay $100 per month in premiums and barring new illegal immigrants 19 or older from enrolling in Medi-Cal starting in January 2026.
Newsom also called for re-instituting an asset test for Medi-Cal enrollment for seniors, ending Medi-Cal coverage for weight loss drugs such as Ozempic, ending in-home supportive services coverage for illegal immigrants, and limiting in-home supportive services overtime.
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The adopted budget included most of the governor’s proposals, but did not address illegal immigrant Medi-Cal premiums.
The Legislature’s analysis of the adopted budget estimates that pausing new illegal immigrant enrollment in Medi-Cal will save up to $3.3 billion per year, while ending weight-loss drug coverage for Medi-Cal will save up to $680 million per year, and reinstating Medi-Cal asset limits for seniors at $130,000 will save up to $510 million per year.
According to the state-funded Legislative Analyst’s Office’s Memorial Day weekend report on state finances, the state faces “persistent future deficits” of $10 billion to $20 billion per year — even after incorporating the savings from the governor’s proposed budget.
“To balance the budget going forward, the Legislature will likely need to adopt additional solutions that increase ongoing revenues or reduce ongoing spending — both of which involve the most difficult and consequential trade-offs for policymakers,” wrote the LAO.
As the new budget for the fiscal year hits yet another record, it’s unclear how lawmakers will seek to address the state’s worsening financial position, especially with voters’ polled preference for lowering taxes and reducing state services.
Why Bullion Beats Numismatics and Collectible for Your Safe or IRA
Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.
Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.
Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.
Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.
For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.
Lower Costs and Better Liquidity for Home Storage
When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:
- You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
- Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
- Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
- Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
- Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.
In times when quick access to value becomes important, bullion’s simplicity stands out.
Stronger Fit for Precious Metals IRAs
Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.
Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.
Bullion avoids these issues. Its value links directly to verifiable spot prices, which simplifies reporting and lowers the risk of regulatory challenges. More of your IRA contribution purchases real metal instead of dealer profits or speculative upside. Over time, owning additional ounces that appreciate with the metal itself can create meaningful outperformance compared with high-premium alternatives that deliver fewer ounces.
Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.
How to Get Started with Bullion
Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.
Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.
As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.
For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.