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Things Investors Need to Know...
Precious metals have been around for centuries, but the information we have below is up to date!
Discover This Easy IRS Loophole to Make the Most of YOUR Hard Earned Retirement…Minus the Crazy Taxes
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Precious Metals IRA Buyer Guides
Looking for a Gold IRA Rollover Guide that steers clear of extra fees?
Down below we link our guide for a 401k rollover into a gold IRA without extra taxes and penalties. This is vital because you don't want to be taxed twice as much as you need to!
Do You Want to Invest in Gold?
Take a look at our gold investment guide below tfor more information on new gold investing requirements, the best companies on the market, and the benefits that come with precious metal investing as compared to keeping all your assets in the US dollar or real estate.
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A gold IRA or more commonly known as precious metals IRA is a qualified retirement account where actual gold or other accepted precious metals are held primarily in custody for your own benefit. It serves just like a standard IRA, only that instead of holding cash assets, it holds bullion bars or coins. In order to qualify as a gold IRA, you must have cash value investments that are "other than gold" such as stocks, bonds, mutual funds, certificates of deposits, and insurance. The rules regarding what is allowed and what is not allowed in a gold IRA are strict.
A self-directed IRA involves opening a bank account and finding a financial institution that offers gold accounts. Because gold is traded electronically, it is usually traded on the Over-the-Counter (OTC) commodities exchanges. When you search for banks that offer gold accounts, you will want to check out their terms and conditions as well as the fine print. Some will offer the option of opening the account set up as an add-on to their standard IRA account.
If you choose to go with an online bank for your gold IRA account setup, you will want to learn about the company's superior customer service and reputation. This is very important because you will want to know that you will be able to fully trust this company with your valuable investments. In addition, you will want to find a company with a strong financial institution rating and an excellent investment portfolio. Last, but not least, you will want to check out the physical gold that is being purchased in your account.
Once you have checked out the online banks and physical gold company options, you will be ready to start searching for an IRA custodian that can meet all of your investment goals. In general, the best way to invest in gold is to purchase it in the form of bullion or coins. The appeal of these investments is that they are easily stored, transferable, and usually carry low premiums over time.
With all of these options, the self-directed IRA will likely fit the majority of your investing needs. However, there may be times when you need access to your gold investments through a more traditional custodian.
For instance, if your business involves the storage, transportation, and insurance of gold, then you will probably be better served by a full-service brokerage firm that can offer you both self-directed and full-service options.