Why invest in gold and silver?
For years you’ve seen commercials about investing in gold and silver. Why do people invest in gold and silver? Here are some reasons:
- Gold and silver have a history of holding value
- Weakness of the US Dollar – especially now
- Inflation hedging qualities
- Geopolitical uncertainty
- Increasing demand adds value
- Portfolio diversification
- Generational investment
- Universal value
★ ZERO BBB complaints since 2012 ★
★ 1000s of 5-star customer ratings ★
★ Best pricing, transparency, education & support ★
★ Customer service long after purchase ★
★ IRA Gold Advisor “Most trusted in the U.S.” ★
★ VIP endorsement & unique one-on-one webinar with on-staff Harvard-trained economist ★
What is a gold IRA account?
A gold IRA (Individual Retirement Account) is a way for you to save money for retirement and defer taxes. A gold IRA is different from a traditional IRA in that you purchase physical gold coins or bars. Your gold, except for very special circumstances, must be stored in an approved depository.
Do I need a self-directed IRA?
At a reputable gold IRA company, the agents will walk you through the process of setting up a self-directed IRA to invest in gold and silver. The process is not difficult and there are important IRS regulations that need to be followed to avoid taxes and penalties. This is the agents’ day job, so they’ve done this before for many people and they’ll have you investing in precious metals in no time.
What is the difference between a gold and silver IRA?
There isn’t a real difference between a gold IRA and a silver IRA other than the metal being purchased. They are both available as coins, rounds, and bars and should be stored in an approved storage facility.
Is a gold IRA a good investment?
Many retirement planners recommend a diverse retirement portfolio. Individual needs, expectations, and desires need to be considered when planning for retirement. In general, when the economy is in a downturn, gold prices go up.
How do I fund a gold IRA? (How do I start a gold IRA?)
You can start a gold IRA or a silver IRA using funds from a bank account, rollover a 401(k) [aka 401K, 401 K], or any other place you have funds. The person working with you to set up your account will step you through the process. The process is relatively easy, but it is important to do it correctly to avoid taxes.
Where do I store my gold IRA?
Companies offering a gold IRA work with approved storage facilities aka depositories. These gold and silver storage facilities have high levels of security and insurance to protect the gold and silver. This is not something you want to store at home – for security and tax reasons. Plus, your homeowner’s insurance probably wouldn’t cover a loss.
What is a gold IRA custodian and what do they do?
A gold IRA custodian (safe keeper) is a financial institution that manages your account, ensures IRS rules are followed, and helps you keep your gold safe at the storage facility.
Can I buy gold with credit card?
When buying investment gold and silver, you’re going to fund your account via your bank or other financial institution. Credit cards with their fees and high-interest rates are not the way to fund any investment. The agents can step you through the entire process and answer all your questions.
