Why Gold Is A Good Investment

 

What You Need To Know If Considering Investing in Gold.

There are a number of various reasons why you should consider investing in gold, especially as an IRA investment, none more than the diversification of your investment / retirement portfolio.

In 1997, Congress passed the Taxpayer Relief Act which allowed investors to put away gold and other metals into a self-directed IRA. They were responding to investors who wanted to diversify their retirement portfolio from paper assets like cash, stocks, and bonds to add some tangible assets.

Edmund Moy, who is the leading Strategist for The Fortress Gold Group and was also the Director of the US Mint between 2006-2011, stated the following an article he wrote in September 2014: (click here for original source)

"By 2013, the total amount of assets held in all the Individual Retirement Account’s set up in the USA totaled 6.5 trillion dollars, and out of that amount 2.5 – 4 percent were now in non-traditional forms, such as gold."

He went on to state:

“And looking long-term, there are several risks that favor the continued growth in gold IRAs, such as the fragile global economic recovery, potential of aggressive inflation in the United States, growing concern of a major stock market correction and increased geopolitical risks.”

When it comes to building a diversified investment portfolio, investing in alternatives from the normal investments, needs to be considered. The main reason being that diversification helps balance out the variances in values of other types of investment commodities. Sometimes an investor may be heavily invested in a particular type of investment such as stocks or ETF’s, but with a diversified portfolio, they may well have stocks from various sectors from the retail sector to the tech sector and so on.

When one of these sectors, such as the oil sector, is going through a bad patch, as it is at the time of writing this, the chances are good that sectors such as retail or tech stock may be doing quite well. This not only balances out losses from the oil sector, but it can actually help to increase the value of a portfolio significantly over time.

Listen to Billionaire Investor Kevin O'Leary explain why he diversify's his portfolio with gold investment

Investors Want More Diversification

True effective diversification is not just diversifying stocks and ETF's, it is much more than that. More and more investors are looking to broaden their horizons by investing in things like REIT's, corporate bonds, gold, and silver, as well as stocks and ETF's.

BullionVault, who are a leading peer-to-peer gold-and-silver-bullion exchange, based in London, recently produced their annual report and analysis on how varying assets have performed over the last 40 years (1976-2015) in both the UK and the USA. (see report here)

As you can see from the facts below, although not the number one performing asset, gold has beaten other key assets in its returns over the past 40 years and has this century outperformed corporate bonds by a considerable margin.

ASSET PERFORMANCE LAST 40 YEARS

• Gold’s 40-year change (+669% gross of costs) has beaten inflation (328%), housing (598%, excluding costs + yield) and cash (cumulative 535%).
• Commodities have dropped below end-1975 levels (-3.05%);
• REITs are the best-performing asset both since 1976 (9,177% cumulative on reported performance before costs) and also so far in the 21st century (up 484% since 1999);
• Gold is the next best performer since 1999 (+340%) and then corporate bonds (160%);
• Since 1976 gold rose in all 3 years when US stocks lost 10% or more, averaging 9.6% gains. It averaged 11.3% when REITs fell the same, rising on 3 of 5 occasions;
• Cash interest rates have lagged inflation 16 times since 1975. Gold rose in all but 4 of those years, three of them 2013-2015;

 

Disclaimer

Please note that the content on this website does not constitute financial advice and should not be taken as such. The owner of this site may be paid to recommend Regal Assets or other companies. The content on this website, including any positive reviews of Regal Assets and any other reviews, may not be neutral or independent. It is advisable to always speak to a certified financial advisor before making any investment decision.

Current Prices

What Are The Pros & Cons of Gold Investment?

What are the pros to investing in gold?

 

A Shelter Against Volatility

The answer to why an investor should purchase this kind of investment is multifaceted. The first reason to invest is because it can be used as a hedge of protection against market volatility and inflation. Market volatility can affect the value of gold, but it typically affects it much less than other types of investments. One of the reasons for this is that the value of stocks, bonds and ETF's are based on paper money and not in gold.

Protection from Inflation-Deflation

Inflation has always been a concern because inflation weakens the value of paper money. However, gold does not labor under the same constraints as paper money. It has a value that is established mainly through demand. Paper money can be weakened when there are shifts in power from one country to the next, or when there is some sort of political upheaval. In some cases, paper money can be rendered completely worthless, should the affairs of a particular country get bad enough. It is in these situations, gold benefits the investor.

Gold has had a remarkable performance during times of inflation and also deflation. Inflation is basically a period when the economy of a nation is struggling and the cost of living is high. During these times, gold prices tend to increase and that’s why it is often regarded as a ‘hedge against inflation’. Deflation, on the other hand, is when the economy is also struggling and business activity is quite slow. During deflation, it has been seen to perform well too.

Value

Another thing to consider is its value. As you can see from the price chart below, the value of gold did skyrocket some years back, at one point reaching almost $2000 per ounce. Since then it has slipped to around $1200 per ounce (Current gold price can be found in the sidebar to the right). There is some discussion as to its value throughout the rest of 2017. Some experts are expecting gold to experience an explosion in value sending it closer to $2000 per ounce again. Other investors feel that while gold may not rise to this level, its values will steadily increase throughout 2017. Regardless, gold is at a good value and purchasing gold at current prices may be a wise investment as it is poised to increase in value, both in the short-term and the long-term.

What are the Cons to investing in gold?

While we do think that gold is a good investment, there are downsides to investing in it, just like there are downsides to investing in anything. Therefore you really must consider your reasons as to why you want to invest in it or any other of the precious metals, before you start out.

It doesn't produce cash.

What we mean by that is, if you are looking to invest for the sole purpose of generating cash on a regular or short-term basis, gold is not the investment type you want. Precious metals don't pay out a dividend, therefore if that is what you need to consider stocks.

Don't think of it as a short-term investment

OK, we all know that you make your money when what you have invested in increases in value. While Gold has increased considerably in value over the past 20 years, over a limited time frame we see the value of gold bounce in both directions. We are not saying you can't make money short term, if that is what you want to do, you are going to have to be checking its price almost like a Hawk on a day to day basis. But if you take the view that investing in it is for the long-term and it is for diversification, then you can buy it and leave it alone without stressing as to whether it's going to make you any money tomorrow.

 What Are The Options For Investing In Gold?

There are various ways in which you can invest in gold. You can do so through ETF's, closed-end funds, and only stocks such as mining companies. But we want to talk about two particular options for your consideration: Buying physical gold outright and holding it in a vault/depository outside the banking system and secondly investing it into a gold IRA rollover.

We cover both options in detail, explaining the benefits and options available, here on our designated gold companies page. 

 

The post Why Gold Is A Good Investment appeared first on Precious Metals Investment Guide.

source http://www.preciousmetalsinvestmentguide.com/types/gold/

Types of Precious MEtals You Can Invest In

Investing in precious metals has over time become more popular for various reasons. It certainly is not the ‘golden ticket (no pun intended) when it comes to financial security. But because of the options it provides, such as not being affected by either deflation or inflation,  a history of holding its value, and probably the most popular reason, diversifying your portfolio, you can understand why investiture in precious metals, and particularly gold, is on the slow rise.

So what are the various types of precious metals available for investment? There are primarily five types, from the common such as gold and silver and copper to two you may never have thought of before, platinum and palladium.

Below we give you a brief outline and history of four of these metals, the ones that you can only use to invest in a precious metals IRA, plus a link to its individual page with further information.

Gold Investment

Since the end of the gold standard in the early 1970’s, along with the fixed price of gold at $35 an ounce, gold has increased in value and interest. At the time of writing, the value of an ounce of gold was $1,190 and individuals are using it now as a way of both diversifying and increasing the value of their portfolios.

A Tendency To Hold Its Value: A simple look at any trading or value graph will show you that over time, especially through difficult economic times, gold maintains its value. It was only under the gold standard set by President FD Roosevelt that the value of gold dropped, deliberately.

Weak Dollar:  Whenever the US dollar has fallen in value against other currencies (as was the case between 1998 and 2008) investors pour their money into gold for added security. Any mass buying of a stock, product or commodity ultimately sees its value increase and so between 1998 and 2008 the value of gold virtually tripled and then doubled again over the next 4 years from 2008. (See historic gold price chart below). There is a lot of chatter right now about the potential devaluing of the dollar over the next few years, whether or not that happens, the value of gold will continue to hold its value.

Inflation & Deflation: The US is experiencing relatively low inflation at the moment, but what we do know from history is that the value of gold increases, when inflation, the cost of living, increases. Inflation has been high here in the USA on five different occasions since the end of world war two. On those occasions (46,74,75,79.80) the return on the Dow Jones Average was as low as -12.3%, whereas gold was 130%. Deflation, which is when we see business slow down and the nation has excessive debt (i.e. the great depression of 1930) the power of gold increased.

Diversification: At the beginning of this page I mentioned that purchasing silver or gold, in particular, should be seen as a way to diversify to create a greater balance and stability on your returns. The best way to diversify your portfolio is to have your money in investments that do not correlate with each other. When you look at how stocks and gold perform over the same time period, you will see that there is a clear seesaw effect. When the value of stocks was very low in the 1970’s, the value of gold was high. The reverse was seen in the late 80’s and into the 90’s when stocks were high, the value of gold was low and when we had the stock market crash of 2008, what do you think happened to the value of gold? Well as you will see on the chart above, it went up. So gold should not be viewed as a single entity for wealth growth, but a commodity for diversification to help growth and create better stability, whatever the performance of the market.

Check out our specific gold investment page.

Silver Investment

Silver has been described as ‘the poor man’s gold’ due to its low value. Although this is true (the price of an ounce of silver at the time of writing is $17.13 compared to $1,190 for an ounce of gold) the ROI is the key to whether something is worse investing in, not it’s cost of purchase. Also, it is worth noting that gold and silver historically do not tend to rise and fall in value together. When one is doing well, we have seen the other performs less well. For example between November 2008 and  the spring of 2011 (basically from the start of the last crash to the beginning of its recovery), although gold performed well, doubling in value, silver performed even better going from $12.21 an ounce to $51.52 an ounce, that is more than quadruple the return.

As an investor, ensuring that your portfolio is well-balanced and capable of weathering unpredictable economic climate is key to securing your financial future. Diversifying your portfolio is necessary if you want to be protected at all times, and investiture in gold or silver is a great way to do this.

It is important to realize that there is a difference between physical silver and paper silver, and the respective prices. Physical silver refers to the actual metal, which you have the option of storing in your home or in a vault belonging to a custodian. Paper silver refers to the financial instruments that are based on the spot physical prices. Such instruments include exchange-traded funds (ETFs), futures and so on. The advantage of owning physical silver is that you will get the reassurance of always being protected regardless of the changing economic environment. Silver can withstand inflation and a weak dollar, just like gold, which is not something that can be necessarily said about paper silver and stocks and bonds.

It is also important to carefully determine how much you are willing to invest in silver. Do not get carried away by the prospect of investing, just because the price is low, to the point where you risk other parts of your portfolio. Remember the idea is to diversify, not completely do away with other vehicles. The only way you are going to ensure financial security is if you see to it that all grounds are covered, as far assets go.

Check out our specific silver investment page

Platinum Investment

At the time of writing this content, the price of Platinum was just over $980 an ounce. Although that price is below the current price of God ($1191 an ounce), Platinum has been known to increase in value above the price of Gold. The reason for this is due to the fact Platinum is a rarer metal than gold or silver.

Its primary use is in the manufacturing of catalytic converters on motor vehicles. As the demand for emission control on cars increases, so does the demand for Platinum. Although the actual amount of Platinum used in each converter is small (ranging from 1-15 grams depending on the size of the vehicle) there are over 60 million cars manufactured each year (with a 3% yearly growth rate). So as the demand for vehicles increases, so will the demand for Platinum.

The mining of Platinum occurs in mainly two countries, South Africa and Russia. South Africa is the largest producer of Platinum with Russia second, although Russia is the biggest provider of Palladium (see below).

So why should you consider investing in Platinum? Well we go into this in more detail on our specific platinum investment page, but you may want to consider three main reasons:
1. There is a limited source of Platinum. It is rarer than gold and as already mentioned is it primarily mined in only two countries. Not only that, but the actual mining of platinum is costly, making it a metal that is mined on a limited capacity.

2. Because Platinum is resistant to corrosion, along with being highly durable, new uses for it are being discovered on a regular basis, making its demand increase.

3. Although the price of Platinum is fluctuating at present, historically, just like gold, its value has increased dramatically. As the chart below from InfoMine.com shows, since July 1996 where its value was under $400 an ounce, it rose to its peak in 2007 of over £2010 an ounce, (a value gold has yet to achieve) to bouncing around the $1,000 an ounce at present.

Check out our specific platinum investment page

Palladium Investment

The reason why we have put Palladium at the end of the list is due to the fact you probably never considered it before as a metal to invest in, or you have never heard of it.  Palladium comes from the very same group of metals as Platinum, yet it has the ductility and malleability of gold. A relatively new metal, it was discovered in 1803 by an English chemist.

The primary use of Palladium is within industry. Its usage is within multilayer ceramic capacitors which tend to be used in cell phones and laptops. Also, like Platinum, it is a component in the manufacturing of catalytic converters

Because it is in the same group of metals as Platinum, it is also mined in South Africa and Russia, along with Zimbabwe.

In 2016 it was the best performing precious metal, with its price rising more than 20%, making that its biggest annual gain in six years.

When it comes to creating a precious metals IRA, you may not have considered Palladium, but as we show in our list of precious metals approved for an IRA, Palladium can be added, if of course, it is the type that meets IRS approval.

Check out our specific palladium investment page.

The post Types of Precious Metals You Can Invest In appeared first on Precious Metals Investment Guide.

source http://www.preciousmetalsinvestmentguide.com/types/

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Definition of an IRA & What are the different types Available?

In very simple terms, an Individual Retirement Account (IRA) offers you tax benefits if you want to set aside money for your retirement. It is a form of retirement plan provided by financial institutions to help individuals save for retirement and get various tax advantages that ultimately benefit the account holder or their beneficiaries.

The IRA can include different types of assets or investments which you choose. You may choose to invest in stocks, bonds, companies’ funds or even set up a precious metals IRA. You can even appoint the financial institution to act as the custodian of your IRA and manage assets in the account. There are different types of IRAs. Anyone who wants to invest in an IRA should start by understanding the different options available and how they work. There are 4 main types of IRA: Roth, Traditional, SEP and SIMPLE. plus in addition you have what is referred to as an IRA Rollover (i’ll talk about that later on).

Traditional IRA

A traditional IRA is one that allows you to direct funds to your account and have them grow tax-deferred. This simply means that you will not be taxed until you want to withdraw the money. For you to withdraw from a traditional IRA under 59 ½ years of age, you’ll have to pay income tax together with certain tax penalties. This traditional IRA can be considered by those who have earned income and would like to direct their contributions on a regular basis. There are cases where your income tax bill will reduce if you direct part of your earnings to a traditional IRA.

Traditional IRAs are the most common and it’s where cash contributed to the account is not taxed until you withdraw it. This means that money will continue accumulating in your account and when the time comes to take it out, you will pay taxes for it. If you decide to withdraw the money before you are 59 ½ years old you are also going to pay a penalty tax in addition to the other taxes that area due. There is a contribution limit that is set by the government for every tax year. As of 2014, the contribution limit was set at $5,500.

Roth IRA

The biggest difference between Roth and Traditional IRAs is in the tax benefits offered. With the Roth IRA, you invest money that has already been taxed in your account. But since you don’t get to invest in untaxed money, you benefit in the long run when the time comes to withdraw it. You don’t get to pay income taxes when withdrawing the money from your Roth IRA, but this is subject to certain conditions. For instance, you must have reached age 59 ½ to be able to withdraw from your Roth IRA without paying any taxes. If you want to withdraw early, expect to pay a penalty the same way you would do if you had a Traditional IRA. But there are cases where early withdrawals from the Roth IRA are not penalized. For instance, if you are using the money to buy a first home or recover from a disability, you will not be taxed. But the contribution limit is the same as that of the Traditional individual retirement account. You need to consider the pros and cons of each account before choosing to invest for your retirement.

Most people consider the Roth IRA to be a better investment option compared to the traditional IRAs. This is because a Roth retirement account allows the investor to contribute cash without a tax deduction and then when you reach 59 ½ years, you can withdraw it without paying a penny in taxes. But the contribution limits are the same as those on the traditional account. There are also cases where investors who are more than 50 years old are allowed to deposit more money in their IRA.

The table below is courtesy of Fidelity.com who clearly explain the difference between a Roth and a Traditional individual retirement account

	Roth IRA	Traditional IRA
Tax benefits	Tax-free growth and tax-free qualified withdrawals.	Tax-deferred growth and tax-deductible contributions.
Age requirements	Contribute at any age.	Contribute until you’re 70½.
Income requirements	Your income affects how much you can contribute. See current limits.	Your income does not affect how much you can contribute.
Withdrawal taxes	You won’t pay taxes when you withdraw your contributions, and you won’t pay federal taxes on your earnings, as long as the five-year aging requirement has been met.	You will pay taxes when you withdraw your pre-tax contributions and when you withdraw any earnings.
Early-withdrawal penalties	If you make withdrawals before you’re 59½, you might have to pay taxes on your earnings plus a 10% additional tax.	If you make withdrawals before you’re 59½, you might have to pay a 10% penalty.
Minimum required distributions (MRDs)	MRDs do not apply during your lifetime.	MRDs must be taken starting in the year you turn 70½

SEP IRA

The Simplified Employee Pension Individual Retirement Account is more or less like a Traditional IRA with the major difference being that it offers the investor higher contribution limits. With this type of individual retirement account, a married couple who receive quite a high income, say $250,000 can make up to $100,000 in contributions to their SEP IRA. However with this type of account, early withdrawals are not allowed.

Simple IRA

SIMPLE IRA stands for the Savings Incentive Match Plan for Employees. It is usually set up by small employers to offer their employees a suitable retirement plan. Like the SEP IRA, this one also has a higher contribution limit. As of 2012, investors were allowed to contribute up to $11,500 and an even higher limit was set for those who were 50 years or older. The employer sponsoring this plan would make a matching contribution depending on a certain percentage of the employee’s earnings. So the combined employee and employer contribution should not exceed the maximum required limit.

How does an IRA Work?

Opening an IRA can be one of the best decisions you ever make as you plan for your retirement. It is simply an account that allows you to enjoy certain tax benefits as you save for your retirement. Anyone can open an IRA so long as you have a taxable income. You’ll just need to visit a financial institution like a bank or a brokerage firm and get them to explain what options they have and then fill some paperwork.

How to fund your IRA account

As soon as you open your IRA, the next step is to fund it. You can invest in stocks, mutual funds, index funds, bonds or any other options available. With a traditional IRA, money is deducted from your earnings. The money in your IRA increases without being taxed. You are only going to be taxed when you withdraw it at retirement. The taxes are deferred until your retirement. That’s why they say the earnings grow on a tax-deferred basis. Upon retirement, individuals are usually in a lower tax bracket. The amount that is taxed will depend on several factors such as the individual’s income as well as the tax rate that applies to that year. There are also statutory limits that will apply.

Setting up IRAs

You can contribute money to different IRAs so long as it doesn’t exceed the maximum annual limit. As of 2014, individuals are allowed to contribute up to $5,500 annually to their traditional or Roth IRAs. The limits can increase as you get older. For instance, once you attain the age of 50, you are allowed to contribute a maximum of $6,000. You must be at least 21 to set up an individual retirement account.

The Roth IRA

The major difference between traditional and Roth IRAs is that so long as you have attained 59 ½ years, money that is withdrawn from the account is not subject to income tax. However, if you decide to make an early withdrawal, you will face the same penalties that apply to traditional IRAs. However, you will not pay any penalties for early withdrawals if the money will be used for a first home purchase.

There are many different types of IRAs and it’s important to understand how each one of them works before you choose to open any account. Opening multiple IRA accounts can help you to diversify your investment but you may also consider consolidating them to avoid paying multiple maintenance charges.

How many ira accounts can you have?

How many IRA accounts can one person have? You are allowed to contribute to more than one IRA. There are situations where you may end up with multiple ones. For instance, if you inherited one but you already had one of your own, you may have to send contributions to both. You can even have a traditional IRA as well as a Roth and direct funds to both in the same tax year.

However, you must not contribute more than the annual maximum amount. This is a limit that is set on all accounts in any given tax year. So all the money you deposited across all the IRAs must not exceed this limit. In 2011, the maximum contribution limit was set as $5,000. This means that if you deposited $4,000 in your traditional IRA, you can only deposit a total of $1,000 in your remaining ones. As at 2014, the maximum contribution per IRA beneficiary was set as $5,500 which means that no matter how many you own, you are not allowed to contribute more than this amount per tax year. The limits do not change whether it is for a Roth or traditional individual retirement account.

Disadvantages of maintaining multiple IRAs

Keeping multiple accounts can be a good way to diversify your investments. You can choose to invest in stocks in one IRA and then open another like a mutual fund. However, multiple IRAs come with various disadvantages. As you choose to open multiple accounts, consider the cost of maintaining them. Costs such as commissions, custodial fees and other additional charges may make it expensive to own multiple accounts. With every IRA, you’ll have a separate custodian. That means you’ll have to pay the custodial fee annually which can be as high as $50. This means that the annual fees will increase if you have more IRA accounts. That’s why many people choose to consolidate their IRA assets in order to have a few accounts. Consolidation combines the different accounts into one that can meet the individual’s investment needs.

As an investor, you are allowed to choose how much you want to contribute to each account you own. You are even allowed to liquidate any of the accounts that are not performing well and maintain the rest. These are decisions you need to make wisely. Setting up multiple IRAs is usually expensive and consolidation is a great way to save on costs.

Is Investing in Gold for Your IRA a Good Idea?

Have you been thinking of investing your retirement savings in precious metals? Many investors are pulling away from the stock market for a variety of reasons. For one, the risk of inflation is undermining the stock market and secondly, safer investment options are giving very small returns. Investing in gold has been considered a smart move for several reasons.

First of all, gold can never be devalued, unlike the dollar. Unlike the stock market, the price of gold is something the government cannot manipulate easily. You have full control of your savings and investments if you choose to invest in gold. There’s absolutely no risk of losing your investments because of government bonds and mutual funds.

It’s a fact that the prices of gold are not affected by inflation. When paper assets are devalued, there’s a high chance the price of gold is increasing. Adding gold to a retirement portfolio not only helps an individual to diversify their assets but also acts as a guard against inflation.

Physical gold can help to reduce the risk of losing your retirement savings because of inflation especially if you are planning on investing in the long term. It is a smart choice for those people who want to invest a lot of funds into their IRAs and distribute them in different forms of investing.

A gold IRA is simply an individual retirement account that allows you to invest in physical gold instead of the paper-based stocks, bonds, and cash. But for you to convert your IRA funds into gold, you’ll need to find a suitable broker or custodian. Custodians are usually commercial banks, brokerage firms and other institutions that have been approved by Federal agencies to provide their custodial services to individuals. There are a number of financial institutions that offer self-directed IRAs which you can invest in gold. The broker or custodian will create and manage your account and even store the actual gold.

However, there are certain regulations that qualify the gold that can be held in an IRA. For instance, the gold bars or coins should meet certain IRS fineness standards in order to be held in the account. The gold must also be held by the IRA trustee or custodian and not the account owner. Additionally, gold coins and bars should be stored in a depository that is approved by the IRS.

What are IRA Custodial Fees?

Individual retirement accounts are held by financial institutions such as commercial banks, retail brokers, and investors. These financial institutions or groups of people are referred to as custodians. The commercial institution or brokerage that holds the IRA usually charges a custodial fee. While you can manage your own IRA, there are activities that you cannot manage to perform on your own. The custodial fee covers the cost of managing the account, safekeeping or any changes that need to be made to the IRA.

What do custodians do?

Custodians perform many roles. They maintain all the records pertaining to your account and also report withdrawals to the Internal Revenue Service annually on your behalf. In some cases, the custodian can be responsible for investing the assets in the IRA.

How much should you pay?

It is important to understand the custodial fee charged by the financial institution that will be managing your account. Know how it is calculated and compare with what other institutions are offering in order to get the best deal. There are several factors that affect how much you are going to pay for custodial services; they include things like the rate rival firms are charging and the kind of service you require. Most custodians charge an annual fee of between $20 and $50. This amount can be deducted from your account as an investment expense. You can pay this amount via check if you wish.

Additional fees

Other than the custodial fees, you can expect other additional expenses when you set up your IRA. There are custodians that charge management fees if you choose to give them the responsibility to manage your account. The amount may vary from 1 to 2 percent of your account value annually. Other charges such as the stock, commissions and transaction fees may apply.

Ways to save on custodial fees

There are cases where the custodial fees will be waived by the financial institution especially if you are a long time customer if you have other accounts with the bank or you meet a certain minimum level of investment. Starting your IRA with a specific minimum amount of money can also save you from paying custodial fees. There are also online financial institutions that do not charge any fees for custodial services. You can also avoid paying custodial fees by setting up an automatic transfer of funds from your bank account to the IRA. Know what options the financial institution offers to waive custodial fees.

The post Definition of an IRA & What are the different types Available? appeared first on Precious Metals Investment Guide.

source http://www.preciousmetalsinvestmentguide.com/different-ira-types/

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IRA Approved

WHAT PRECIOUS METALS ARE ALLOWED In An IRA?

It is possible to be able to put different precious metals into your IRA account, as detailed in the table below, but you can’t put any type of precious metal into your account.  When purchasing please check with your provider before purchase (preferably in writing) that the metal provided IS eligible for your account.

There are strict guidelines as laid out by the Inland Revenue Service as to what precious metals can be used in an IRA and the purity level required for each metal. Below we have listed out for you what precious metals can be used, the purity level required for investment in an IRA, and therefore, what bullion and coins meet the required standard for investment.

GOLD ALLOWED	SILVER ALLOWED	PLATINUM & Palladuim ALLOWED
GOLD BULLION & COINS APPROVED BY IRS FOR INVESTMENT IN AN IRA MUST HAVE A PURITY LEVEL OF .995% OR HIGHER	SILVER BULLION & COINS APPROVED BY IRS FOR INVESTMENT IN AN IRA MUST HAVE A PURITY LEVEL OF .999% OR HIGHER	PLATINUM & PALLADIUM BULLION & COINS APPROVED BY IRS FOR INVESTMENT IN AN IRA MUST HAVE A PURITY LEVEL OF .995% OR HIGHER
AMERICAN GOLD EAGLE COINS AMERICAN GOLD BUFFALO COINS AUSTRALIAN GOLD KANGAROO/NUGGET COINS AUSTRIAN GOLD PHILHARMONIC COINS CANADIAN GOLD MAPLE LEAF COINS CREDIT SUISSE GOLD BARS JOHNSON MATTHEY GOLD BAR VALCAMBI GOLD COMBIBAR	AMERICAN SILVER EAGLE COINS AUSTRALIAN KOOKABURRA SILVER COINS AUSTRIAN PHILHARMONIC SILVER COINS CANADIAN SILVER MAPLE LEAF COINS MEXICAN SILVER LIBERTAD COINS JOHNSON MATTHEY SILVER BAR ROYAL CANADIAN MINT SILVER BAR	AMERICAN EAGLE PLATINUM BULLION COINS AUSTRALIAN KOALA PLATINUM COINS CANADIAN MAPLE LEAF PLATINUM COINS ISLE OF MAN PLATINUM NOBLE COINS CANADIAN PALLADIUM MAPLE LEAF COINS RUSSIAN BALLERINA PALLADIUM COINS BAIRD PALLADIUM BARS CREDIT SUISSE PALLADIUM BARS

With the number of suppliers and outlets, that provide gold by way of bullion or coins, it is vital that you know what is not allowed as part of your account. Although the list above outlines what is allowed, please be aware that collectible coins are not eligible, no matter what a dealer tells you.

You can, of course, buy collectible coins as a separate investment, hold on to them and sell them in the future when hopefully their value has increased, but you cannot under any circumstances add them to your IRA.

PRECIOUS METALS NOT ALLOWED IN AN IRA

Below we have listed the different bullion and coins that although popular are not eligible for your retirement account. If purchasing these coins, make sure you are doing so simply from a collectible view.

• Austrian Corona
• British Britannia coins
• Chilean 100 Peso
• Chinese Panda coins
• Dutch 10 Guilder
• Formula 1 Coins From Rosland Capital
• French 20 Franc
• French Napoleon coins
• Israel Tower of David coins
• Italian Lira coins
• Mexican 50 Peso
• Mexican Gold Peso coins
• Russia’s George the Victorious coins
• Somalia Elephant coins
• South African Krugerrand coins
• Swiss 20 Franc
• Switzerland Vreneli coins
• United Kingdom Sovereign coins
• U.S. Buffalo Proof coins
• U.S. Liberty coins
• USSR Chevronet coins.

IMPORTANT NOTE – This list is not exhaustive and therefore, when buying coins for your retirement account, only buy those listed at the top of this page in the section on coins that can be used.

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Apmex Review

Lexi Capital Review

Cornerstone Bullion Review

Regal Assets Review

CONTACT US

If you have any questions you would like to ask, please feel free to contact us using the form below. We will respond as soon as possible.

Also, if you are an individual who has experience within the finance industry and would like to contribute to the website, then we would also love to hear from you. You too can contact us via the form below

If you are looking for or need more information concerning setting up a gold IRA rollover, then please contact Regal Assets on 1-855-628-9249 between the hours of 7am -5pm PST Monday to Friday

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Companies

 

Why Consider Precious Metal Investment? -

There are a number of reasons why precious metals and in particular gold is considered a viable investment.

Diversification

True effective diversification is not just diversifying stocks and ETF's, it is much more than that.  More and more investors are looking to broaden their horizons by investing in things like REIT's, corporate bonds, gold, and silver, as well as the standard stocks and ETF's.

Protection from Inflation-Deflation

Inflation has for a very long time been a concern because it weakens the value of paper money. However, gold does not have the same constraints as paper money. It has a value that is established mainly through demand. Paper money can be weakened when there are shifts in power from one country to the next, or when there is some sort of political upheaval, or when there is market volatility (see below). In this and other cases, paper money can be seen as completely worthless, should the affairs of a particular country get bad enough. It is in these situations, that gold is seen as a good investment.

A Shelter Against Volatility

 Why gold should be looked at as an investment is because it can be used as a hedge of protection against market volatility. Last year alone (2016) we saw a number of events that affected the market. In June 2016 the people of Great Britain voted to leave the EU and as a result of the Brexit vote, the response the next day in the markets was quite dramatic. Major stock markets around the world saw large falls and the pound became massively weak, dropping to levels last seen in the mid-1980s.  Prime Minister Cameron resigned adding additional uncertainty. We had the election of Mr Trump as President, which also impacted on the market. So who knows what will happen in 2017.

Here Are Three Reasons Why The Market IS Volatile Right Now

1. Markets are far more volatile now in the wake of Brexit. Britain has voted to leave the EU and other European countries may follow, sending world markets into turmoil. The U.S. Stock market dropped over 600 points or 3% on June 24th 2016 after this historic referendum on the implications this could have for American businesses and exports. Global markets saw similar declines. When the next crisis unfolds, the declines could be larger.
2. The U.S. Government has its Eye on Retirement Accounts. In 2010 Portugal seized retirement account assets to help plug holes with government deficits and debt. Ireland and France did the same in 2011, as did Poland in 2013. The U.S. government has been watching. Since 2011, Treasury has taken money from government workers’ pension funds on four separate occasions to cover deficits in federal spending. Investing billionaire legend Jim Rogers believes that private accounts will be the next ones the government raids.
3. Top 5 US Banks Now Larger Than Before the Crisis. You learned about the five largest banks in the U.S. and their systemic importance as the unfolding financial crisis threatened to collapse them. Legislators and regulators promised they would address this issue once the crisis was contained. Over five years after the crisis ended, the five biggest banks are even bigger and more critical to the system than before the crisis began. The government made the problem worse when it forced some of these so-called “too big to fail” banks to absorb the failing ones. Any of these banking behemoths failing now would be absolutely catastrophic. Check out this full list of 10 reasons why the market is volatile right now

 ARE YOU ProtectING YOURSELF & YOUR Assets AGAINST FURTHER VOLATILITY?

It used to be the case that there was very little we could do with regards to protecting ourselves against the likes of market collapse, monetary failure and bank closure. Now these are not everyday occurrences and this is not about scaremongering, but while it does happen, whenever it happens, thanks to deregulation in certain aspects, we can protect ourselves and our assets as best we can.

SO HOW CAN YOU BEST INVEST FOR YOUR FUTURE?

Precious Metal Investment Opportunities

As was mentioned on our home page, there are two particular methods of investing in physical metals - 1. Owning precious metals outright, and 2. Adding precious metals to your individual retirement account to create a precious metals IRA.

On this page, we have provided you with information on the various companies you can invest with, in both methods mentioned.  We have carried out extensive research to find the relevant information and data provided, and you will see that we link extensively to various sources to back up the recommendations we offer you on this page.

Option 1 -Owning precious metals outright

When it comes to metal investment, there are many firms out there in the marketplace that you can choose as your investment partner. However, we have recommended two in particular that you may want to consider. Of course, you can choose whoever you want, but we wanted to tell you about these two in particular, because of the reputation they both have within the precious metals investment niche.

Choice 1 - Regal Assets

Regal Assets have a reputation as one of the best  gold ira rollover companies, but they are also one of the straightforward leading metal investment companies on the market.

You will see why Regal Assets has been proven to be one of the best companies to invest with and it's down to a number of key factors, which we have outlined below.

1. They have A+ rating with ZERO complaints with the Better Business Bureau
2. They also have an AAA rating with the Business Consumer Alliance and ZERO complaints
3. The positive reviews they have on Trustlink is higher than any other provider, by miles - over 900
4. They were ranked 20th in the USA for financial services in the Inc 500 list, out of 6 million private corporations. (click here for the news story)

In fact, according to Regal Assets, they have maintained the highest rating profile in the precious metal industry for 7 years in a row.

• There are a number of benefits concerning Regal that give them an additional edge:
• They are an official retailer listed with the United States Mint
• They have done over $280 million in retirement account transfers
• Regal were the very first company to offer a live video tape of when client’s metals arrive at the depository for retirement accounts
• They also provide segregated storage to insure your metals are separate and not commingled
• In addtion, they provide you with the option of having your retirement account stored overseas without taxes or penalties
• And a whole lot more that you can check out on their website.

What Metals Do They Offer?

You can buy gold bullion and coins, silver bullion and coins, palladium bullion and coins and platinum coins only. At the time of writing this, they had 16 items in their gold selection, starting out with 1 oz gold bar up to a 1 kg gold bar and a varied choice of weight in between, along with a choice of gold coins including South African Krugerrand, Canadian Maple Leaf and the like . In their silver section, their smallest bullion is 10 oz bar and the next weight is 100 oz. The silver coin selection consists of Silver Canadian Maple Leaf, Silver Australian Kookaburra and Silver American Eagle to name just a few. Their Platinum and Palladium selection are small in comparison, but what is important to point out is that every item available through Regal, meets the IRA requirement set out by the IRS, so if you are buying for an ira rollover, you are completely covered.

It fair to say that Regal Assets do not offer the largest selection and they may bring into question why am I recommending them as a company to consider for your metal investment? It is down to reputation. There are many companies that have extremely large selections but the service they offer and the reputation they have don't compare to that of Regal.

You can call Regal Assets direct, with no obligation or pressure, and even simply ask for a free information pack, so youc an carry on with your research first. Call them direct on 855-628-9249

Check Out Regal Assets Website

Choice 2 - GoldBroker -

As well as Regal Assets we are also recommending  FDR Capital, also known online as Goldbroker.com who do specialize in actual bullion ownership, as well as IRA rollover (although they relatively new at this) and are in fact recognized as one of the leading international gold brokers. So if you are looking to invest in metals, other than for an IRA, you may want to consider them.

FDR Capital / Goldbroker.com was founded by entrepreneur Fabrice Drouin Ristori. They provide 100% physical ownership of silver and gold, which means they do not offer mutual or fractional ownership.

Also, what makes Goldbroker one of the leading metal providers around, is the fact that one of their board members  is Mr Egon Von Greyerz. Mr Von Greyerz is the founder of Matterhorn Asset Management and is recognized within the financial sector as one of the top 5 gold fund managers worldwide.

Gold Storage

Goldbroker.com store gold purchases in secure warehouses in Switzerland, The US, Canada and Singapore. Additionally, storage in Switzerland is within a VAT Free zone, so you do not pay value-added tax on your purchases. The storage company who keep hold of your items is independent of FDR Capital so there is no confusion over who actually owns the gold.

 Benefits of buying gold through FDR Capital / Goldbroker.com are:

• You can buy physical gold and silver in bar and coin form
• You have complete ownership of the purchase
• You hold all stock in your own name with each purchase having its own unique serial number
• All storage partners are fully insured for your safety
• You can inspect your purchase at any time
• You can have home delivery once you have completed 1 years minimum secured storage
• It is stored in a VAT free zone
• There is no exit penalty whenever you wish to sell

Check Out GoldBroker Website

WHAT METALS DO THEY OFFER?

The range of bullion and coins from GoldBroker is not too dissimilar from Regal Assets, they also offer Platinum and Palladium like Regal. Their gold bar selection starts at 1 oz and rises up to 1 kg (they offer 3 types of 1 kg bar, Royal Canadian, Cast and standard, compared to Regal only offering one type) However, when buying coins from GoldBroker, you do have to purchase in rolls of ten rather than as one-offs. With this in mind, if you are considering small investment, Regal Assets many be your better option.

Option 2 - Adding precious metals to your individual retirement account

The second option we mentioned, was concerning the option of adding precious metals to your IRA. With so many companies/providers and specialists on the market, it can be difficult to find out which one is the best to use. That's why we have provided a selection of reviews on the various leading companies for you. A great starting place as we provide the relevant information that will help you make the right decision when it comes to picking which of these companies is best for your financial future and planning your pension and a potential precious metals IRA rollover.

WHAT TO LOOK FOR WHEN PICKING A COMPANY

The most important and relevant information needed to consider when looking at any company to use for your 401k or ira rollover can be covered in 7 main elements, as outlined below.

1. The BBB rating (click here for information on how the BBB rating works) and the number of complaints that have been registered in the last 3 years.
2. Their Business Consumer Alliance rating.
3. Their Trustlink rating which is determined by the number of reviews and score they get out of 5 from previous customers.
4. Whether they provide an IRA facility or just sell precious metals
5. The fees they charge.
6. The quality of customer service
7. Whether they use a 3rd part Custodian

 

 

Disclosure

Please note that the content on this website does not constitute financial advice and should not be taken as such. The owner of this site may be paid to recommend Regal Assets or other companies. The content on this website, including any positive reviews of Regal Assets and any other reviews, may not be neutral or independent. It is advisable to always speak to a certified financial advisor before making any investment decision.

Get This Free Report & Protect Your Self Against Gold Scams:

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INFORMATION ON THE BEST COMPANIES

Here is the relevant information concerning each  company with a link to their full review and further details, if you wish to check them out further.

Company	Fees	BBB Rating	BCA Rating	TrustLink	Our Review
Company	Fees	BBB Rating	BCA Rating	TrustLink	Our Review
Regal Assets	First Year Free, then $250 a year	A+ BBB Rating with ZERO complaints in last 3 years (click here to see details)	AAA Rating with ZERO compaints in last 3 years (click here to see details)	4.9/5 stars based on over 900 customer reviews since 2013 (see TrustLink results here)	Check out our Regal Assets review
Cornerstone Bullion	$260 a year plus other fees	A+ Rating with ZERO complaints in last 3 years (click here to see details)	AA Rating with ZERO complaints in the last 3 years (click here to see details)	5/5 stars based on 3 reviews in 2014 (see TrustLink results here)	Check out our Cornerstone Bullion review
Lex Capital	$60 a year plus other fees	A+ Rating with ZERO complaints in last 3 years (click here to see details)	AA Rating with ZERO complaints in the last 3 years (click here to see details)	5/5 stars based on 3 reviews upto 2014 (see TrustLink results here)	Check out our Lex Capital review
Apmex	Fees vary depending on investment	A+ Rating with 31 complaints in last 3 years (click here to see details)	AAA Rating with ZERO complaints in the last 3 years (click here to see details)	5/5 stars based on 1 review in 2012 (see TrustLink results here)	Check out our Apmex review
Rosland Capital	Fees vary depending on investment	A+ Rating with 20 complaints in last 3 years (click here to see details)	AAA Rating with 3 complaints in the last 3 years (click here to see details)	4/5 stars based on 64 reviews since 2009 (see TrustLink results here)	Check out our Rosland Capital review
USA Gold	Fees vary depending on investment	A+ Rating with ZERO complaints in last 3 years (click here to see details)	NOT REGISTERED	NOT REGISTERED	Check out our USA Gold review
GoldSilver.com	$300 per year + 5% minimum	Not BBB Accredited but does have 6 complaints in last 3 years (click here to see details)	AAA Rating with 3 complaints in the last 3 years (click here to see details)	4/5 stars based on 3 reviews in 2011 (see TrustLink results here)	Check out our GoldSilver.com review
Monex	$360 a year minimum	A+ Rating with 6 complaints in last 3 years (click here to see details)	AAA Rating with 1 complaint in the last 3 years (click here to see details)	4.2/5 stars based on 40 reviews upto 2015 (see TrustLink results here)	Check out our Monex review

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OVERALL BEST Precious Metals IRA COMPANY

 

Based on the above criteria , and as you can see from the table plus a few additional factors outlined below, Regal Assets comes out as the best of all the leading gold providers.

What Else You Can Expect From Regal Assets

First years fees covered – including admin, storage, and delivery.

One of the fastest transfer processes, -24 hours if you so wish

Fast account fulfillment – 7 business days meaning you don’t lose out on interest

Storage - Brinks Depository

One of the best buyback policies in the industry

Plus over ten years in operation 

To Summarize Why Regal Assets are # 1:  Out of all the companies reviewed, they have perfect ratings from both the BBB and the BCA, with zero complaints. They've over 900 positive reviews from past clients on Trustlink. They've one of the fastest transfer processes on the market, so you don't lose out. Also, they are the only provider that stores your investment in a Brinks depository, the safest available worldwide. Plus, they waive all fees within the first year and from year two onwards you only pay  $250 a year. So from this, it is easy to see why you should consider at least talking to Regal Assets, with no obligation, and judge for yourself.

>> Visit Regal Assets Website<<

 

Order Your Complimentary Gold IRA ROllover Kit

Regal Assets provide a complimentary gold kit, full of valuable information concerning this investment:

• A DVD copy of the award-winning documentary on the secrets of the Federal Reserve;
• Forbes magazine investment guide;
• Guide on how to rollover your IRA & 401(k)
• And a special report on the performance of gold since 2008.

Simply click on the image above to order your today or click here,

OR CALL 1-855-628-9249

Additional Things To Consider When Selecting A Gold IRA Company

if you are seriously considering converting your IRA or 401k into a gold account (investment options are more limited in a 401k account than within a precious metals one*) then there are a number of things to consider when talking to any of these companies.

Fees

You will see from the table above that depending on which company you chose, the fees vary. Some charge a fixed fee while others charge either fixed and percentage or the fees vary depending on your investment. One thing to consider with various fees is the more your invest, the more you will have to pay.

Now because some companies have varying fee structures, don't let that put you off from investing for your future. The return you get from investing, far outways the investment in fees.

There are three areas of fees that need clarification from your provider so that you know what you are paying. The areas relate to the three sections of your account; Provider, Custodian, and Depository.

What You Will Need To Get Clarified With Your Chosen Provider Concerning Fees

• The fee for opening an account. A gold IRA is a tax deferring account which means it can only be opened by an IRS approved custodian. Each custodian charges differing fees, so if the provider you chose recommends a number of different custodians, you will need to check with each one. Normally you should expect to pay around $50 to open a new account.
• Fee for carrying out your transaction. When buying your metals to be added to your account, or if you invest in more gold at any time, you will need to pay a transaction fee. This fee will be applicable if you choose to sell any of your investment too. This also varies from custodian to custodian, but expect to pay in the region of $40 per transaction.
• Fee for maintaining your account. This is another varying fee depending on the custodian, but because of the importance of maintaining your account, a large number of custodians put this fee on their website. The range of the fee varies but can be from $50 to £250 plus a year, depending on the custodian.
• Fee for fund transfer. When you make your investment, the transfer into your account is done via wire transfer and this generates a fee. Each transfer is around $25.
• Fee For Storage. I mention below that when precious metals, its storage is vital otherwise you will be liable to pay tax. Once your purchase is complete, you'll want to store it in a depository. The fee for depository storage varies from depository to depository, also how you store your investment too can effect the yearly fee. You may want to have your metal segregated from others, this will, increase your fee. You should expect to pay between 0.5-1% of the value of your assets by way of a depository annual fee, plus any extras you choose, such as segregation.

Is Your Custodian Licensed by the IRS?

A custodian must be properly licensed by the Internal Revenue Service. There is a register of eligible custodians and whichever company you choose, they can confirm that the custodian they use is on that list.

What you also need to be aware of, if you are not already, is that a custodian is not allowed to offer actual financial advice nor can they sell you any investment products. Their role is to carry out the purchase and administration of your gold ira investment. In other words, they simply act on your behalf, they don't advise you, that is the job of your provider or financial advisor.

Make Sure Your Company Uses A Quality Depository

When purchasing gold silver, or platinum for your account, checking that the correct storage is being used by the company you choose is vital. Because the government sees these investments as cash since they can be liquidated easily anywhere in the world, you will be liable for tax on your bullion or coins if you hold them at home. To appreciate the tax benefits the metal you purchase for your rollover /retirement account must be held by a private depository of your choice in the US. Not only that but any good depository will allow you to visit any time you please.

A depository as you know is a secure building that is managed and protected 24 hours a day, 7 days a week. There are many depositories located all around the US, so when setting up your rollover, you should be allowed to pick the nearest one to where you live. Furthermore, you can determine the quality of the depository by the quality of their insurance and legal separation.

Depository Insurance & Legal Separation.

I mentioned in the section on fees that you can if you so choose have your metals segregated from others, but that is not what I mean by legal separation. You want to make sure that the depository you use is insured to a high value (not all are) but also that they DO NOT take ownership of your assets in any way while they are being stored. The reason why this is important is because should anyone take legal action against the depository, your assets will be protected and not levied against the claim if they have not taken ownership.

 

* = Any IRA whether a Traditional or ROTH is able to be rolled over successfully into a physical gold account. A 401(k) is a little more complicated and your eligibility to convert it into precious metals depends on a number of factors. If rolling over your 401k is something you want to consider, then your custodian will be able to advise accordingly.

Visit Regal Assets Website

OR TELEPHONE: 1-855-628-9249

 

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