A Precious Metals IRA is when an IRA or other retirement account is converted into physical Gold, Silver, Platinum, Palladium or other precious metals. Most people with retirement savings have a 401K, 403b, 457b, or other programs such as a Thrift Savings Plan. These consist of different assets including mutual funds, stocks, bonds and cash. Some or all of the money in these plans from previous employers can be converted into a Gold or Silver precious metals IRA – tax free!
Gold is a precious metal going back to Biblical times! Explorers chased after it in the 1400’s and we even had a Gold Rush in the United States in the 1800’s. It is one of the most sought after precious metals, since it is a safe-haven asset that protects wealth during difficult economic periods. Over the past 10 years or so, precious metals like platinum, silver and gold have performed much better than stocks, bonds and other assets.
Gold is right for anyone that wants to diversify their portfolio and has a retirement account such as an IRA or 401K. It is also for those that want a physical asset in finite supply or for those that want to seek out tax advantages.
Gold has kept its value strong and growing for thousands of years, unlike any other form of currency. Stocks, bonds, funds, treasuries, futures, you name it – none can make this claim. Gold is the only true currency that has stood the test of time. Physical gold is as close to a guaranteed and steady value as there will ever be in this world.
If there is one key reason, it would be security. The world is a scary place right now, with everyone being threatened by ISIS terrorism, North Korea nuclear activity, trade deficits, currency exchanges, Brexit, and so much more. Gold gives you a secure guarantee as well as diversification of your assets. There are many ways Gold will protect you, from guarding against global economic uncertainty, government instability, stock market volatility created, bank and insurance company fraud, as well as creating certain tax advantages.
There are many factors and limitations that restrict or hurt 401k/403b plans, such as asset volatility and 10% early withdrawal penalties if taken out before 59½ years of age. Gold and other Precious Metals are flexible assets that can be managed through a self-directed IRA and help guard against inflation if the dollar starts to devalue. It can also provide tax free or tax deferred growth for diversification. Keep in mind that some plans have roll-over penalties and others do not allow accrued dollars to be moved at all unless an exemption is cited like leaving employment or financial hardship.
Yes, because it is a physical asset. For the banking industry, the FDIC deposit insurance coverage limit is $250,000 per depositor. This means if you have more money than that in a bank, and it collapses or ceases to function, they can take your money beyond the $250,000 limits. If you own Gold or other precious metals, it is your physical asset that cannot be taken from you. It has no limitations and you are not at the mercy of things out of your control like fraud, government, wars, or even quarterly investor performance.
Gold and other precious metals are a physical asset that no one can take away. It has no limitations and is not subject to unpredictable activities in the world like terrorism, bad decisions, ponzi fraud schemes, and other things you cannot control. Gold and precious metals are only controlled by supply and demand. Stocks, bonds and cash are still very good to own, just as a position of diversification within a portfolio that has precious metals as well.
Gold, Silver, and Platinum coins and bars and rounds. Platinum has a minimum fineness of .9995, Silver has a minimum fineness of .999, and Gold has a minimum fineness of .995.
Yes! Get your Free Investor Kit and speak to us on the phone so we can help customize the best options for you. We can take you through the process and make sure your retirement assets are eligible to be converted into a Precious Metals IRA.
Gold bullion such as gold coins and bars are the most popular way to invest in gold. Gold bars are stackable, rectangular-shaped slabs and gold and silver coins are small spheres.
Of course! You can invest in gold today or at any time you wish. You can buy gold and silver coins, gold bars and bullion, and even convert your qualified IRA/401K into precious metals. Anyone can invest in gold, and store their assets in a home vault or with a secure storage company.
There is absolutely no limit to how much gold you can own. If you stockpile a lot of gold, it may be dangerous to keep it all in your home, so you can also safely store it with a security firm. With gold around $1,300 an ounce, if you spend $1 million dollars on gold, you would only have about 48 pounds. Other than your financial wealth, there are no limits as to how much gold you can own.
As of April 30, 2018, there are $261.5 Billion dollars worth of gold is in the US Treasury. The U.S. Treasury Department lists the U.S. Government Gold Reserve as gold coins and gold bullion, stored in Federal, Mint-Held and Deep Storage facilities such as Fort Knox and Denver.