Gold IRA Investing 101
We're on a mission to make sure that you and your family are protected.
What is a Gold IRA?
A Gold IRA is an Individual Retirement Account where Gold is held.
A gold IRA or precious metals IRA is an Individual Retirement Account in which physical gold or other approved precious metals are held in custody for the benefit of the IRA account owner. It functions the same as a regular IRA, only instead of holding paper assets, it holds physical bullion coins or bars.
How is a Gold IRA Beneficial?
Investors often use precious metals as a hedge against inflation.
Investors often use precious metals as a long-term hedge against inflation, to diversify their portfolio. Internal Revenue Code requirements state that the approved precious metals must be stored in a specific manner. Some Trustees have in-house facilities to custody the physical precious metals, others use a third party metals depository as a storage facility.
How is the Gold Bullion Stored?
There are two types of Gold IRA Storage permitted in depositories
To comply with IRS requirements, all IRAs, including precious metals IRAs, must be in the possession of a trustee or custodian. Therefore, legally speaking, precious metals in an IRA are in the custody of the trustee or custodian, not the IRA owner.
Should I include gold in my retirement?
Honestly? It would be silly not to.
Put simply, gold is money - money that cannot be printed or debased. What better way to save for retirement than with the ultimate savings vehicle -- physical gold. For an in-depth look at gold's role in preserving assets under adverse economic circumstances
Gold IRA Companies
There are so many choices...Who are the top IRA investment firms?
Minimum Investment of $10,000
This year Regal Assets ranks with such powerhouses as Alex and Ani, LivingSocial, Bojangles, OtterBox and KT Tape. The companies on the 2013 Inc. Magazine 500 list in the last three years have generated total revenue of $14.1 billion, added over 44,912 new jobs to the economy and have had a median growth rate of 1,739%
Minimum Investment of $5,000
As a trusted leader in the precious metals market, the Advantage Gold team has helped thousands of clients add gold to their IRAs and our experts will walk you through the process. We have developed a streamlined acquisition process to ensure that your transactions are executed smoothly.
Minimum Investment of $100
JM Bullion seeks to offer gold, silver, and other bullion products at the most competitive prices online. They also boast of superior customer service and fast shipping. Other services that they offer are secure storage through TDS Vaults as well as an bullion purchasing plan for an IRA program.
What to look for in a Gold IRA Firm
There are lots of options, make sure you get the features you need.
You need to work with a company that has proven to deliver results in spite of the volatility of the market. The market’s situation should not determine the outcome of your investment. Determine how long they have been in the business because this will help you know if they are reliable and if their other clients are satisfied with their service. Customer service should also be the primary consideration since you want the company to guide you as you make big financial decisions and risks.
It is important that the company is established and that it is accredited by market watchdogs such as the BBB, Ripoffreport.com, Trustlink and the Business Consumer Alliance. The company should also have other investment options such as real estate or stocks.
Policies and Fees
It is important that you are aware of the fees and policies that will be applied by the company that you will choose. You need to understand the program that they are offering and if this program will suit your needs, and if there are unnecessary fees that they will charge. At the beginning, it may be confusing for you, so you need to work with a company that has people who can guide you through the process.
Flexibility and History
The company should be able to provide you with other investment options and that their policies should address all your needs. You also need to work with a company that has the market experience and the willingness to help you grow your investment.
Opening your gold retirement plan is good way to invest. Gold’s long term stability and its ability to serve as a hedge against inflation will always be the best reasons why you are making the right choice on your gold investment.
An often overlooked, but important component in making a decision when choosing your custodian is storage safety. You want to make sure you go with a company that offers several storage locations, both national and overseas, as well as segregated storage. Segregated storage means that you get your own section of the vault and your metals aren’t combined with others, so you can get easy access to liquidate your precious metals as fast as possible. Don’t overlook this when choosing your company.
When you are ready to liquidate your precious metals, it is important that you have someone to sell them back to quick and easily, as you don’t want to miss out on any of your potential gains. The company should offer a buyback program that allows you to resale your metals at the current spot price of the metal, so you can capitalize on your gains and investment.
So...Who do we recommend?
Honestly, there was only one company that met all of our criteria.
And a whole bunch of other really smart people too.
Get in Touch with Regal Assets
And get our Gold IRA Investing 101 Guide Absolutely Free