Can You Buy Gold in a Roth IRA?
Yes. Definitely. Absolutely.
Should you?
Well, if you’ve done any googling on the subject then you’ve probably already seen the usual arguments for gold. That it’s the currency of the ages, that it’s protection against a falling dollar, and it’s the ultimate inflation hedge. Add to that: Its substantial growth in recent years and its extreme liquidity. And, it’s wonderfully shiny.
Gold can also get a bad rap. It can have short term volatility. It’s been accused of being the most emotionally-driven asset class – one writer called it a refuge for apocalyptic worriers. As an example, the recent tragedy of the airliner shot down over the Ukraine had some investors rushing to buy gold. The market responded with a surge in price. But this was a small move and was only a blip when compared to gold’s long term value.
If you’d invested $10,000 in gold in 2007, that money would be worth $15,397 today (as of this writing). That’s growth of 53%! And growth isn’t even what gold is about! As a true hard asset, gold’s greatest benefit is as a traditional store of value. It’s for this reason one financial expert called gold “… the oldest continuous 2,000 year-old investment bubble [there is].”
That’s the beauty of gold – it represents both growth and security: What other investments can you say that about?
Whether you have a Traditional or Roth IRA, you can transfer over to a Gold or Self-directed IRA. If you have a 401(k) you can easily roll it over. You can use some or all of your funds in your current accounts to purchase a Gold IRA – an IRA account that specifically invests in gold (or other precious metals) coins or bars instead of mutual funds or stocks. These coins must meet specific rules for fineness in order to satisfy IRS requirements. A Gold IRA specialist at RC Bullion will be able to suggest coins for purchase that are appropriate for meeting these rules.
With a Self-directed IRA, you make the investment decisions. You choose the assets. You are in control. There are also no management, administration, or investment fees and the transfer or rollover process is a penalty and tax-free event.
Many common bullion coins are allowed to be held in IRA accounts, including Traditional and Roth. The gold coins must be .995% pure while silver coins must be .999%.
Such coins that qualify are:
Other coins, such as the South African Kruggerand (.900% pure) are excluded as are gold and silver “clad” coins or other types of collectible and numismatic coins.
When purchasing coins for an IRA, you will not take physical possession of them. An IRA trustee must be set to purchase and store your coins such as a Gold or Self-directed IRA. You gold and silver bullion coins will be stored in a secure and insured depository.
When you purchase gold for your IRA with RC Bullion, we will not only pay all shipping and insurance fees, we will also cover all storage costs for up to three years – depending on the amount of the investment.
Gold has held its value for thousands of years. While the stock market was melting down in 2008, gold prospered. By the end of the decade, gold had outperformed the stock market. If finding stability during periods of volatility is your objective, the gold could be the answer for you.
Presently, gold and silver prices are at a five year low. Metals are at support level prices. Many experts and analysts are expecting these metals to take a sharp rise in the year to come and beyond. There may not be a better time to buy than now.
You can begin by downloading a FREE mini-course, updated for 2015, that will help answer many of your questions about gold investing and coins, and investing gold in your IRA.
Full of important money saving tips, this guide has helped teach many of our clients to invest like experts. If you’d like to save precious time and possibly thousands of dollars, you need to read this today!
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Can You Buy Gold in a Roth IRA?
