Here’s a secret that very few investors are aware of: Individual Retirement Accounts (IRAs) can be funded with physical gold and silver. Because of this they’re exempt from all capital gains taxes and if you hold your investment over a long period of time, and they perform well, the result can be huge savings for the investor.
First and foremost, gold is a finite and tangible resource with intrinsic value. Gold is nature’s hard asset. Gold can’t be printed at will like money and isn’t subject to the kinds of dilutions and devaluations of currencies and other paper assets. Unlike stocks, gold’s value will never be subject to splits or mergers. Neither is gold at the mercy of governments or financial institutions.
Gold historically moves counter to the direction of stocks, bonds, and mutual funds. More impressively, gold and other precious metals tend to rise during unsettling events such as wars, terrorism, inflation, deflations, downturns in the stock market and the U.S. dollar. As these kinds of circumstances often have investors fleeing stocks for other more secure areas of the market, gold can often yield large profits in these periods. Gold is often considered a safe haven and hedge against disaster.
Yes. It’s a simple transaction but there are things you’ll need to know. Once you decide that you want to include precious metals in your retirement planning, you need to determine how much you want to invest. How much depends on your annual contribution, your personal goals and your individual investment philosophy. Factors to consider are your age, total assets and risk tolerance. After that, you can rollover your IRA into gold just as you would a traditional IRA but rather than changing your stock portfolio, you rollover into a gold-backed IRA. Owning gold has no additional requirements.
Very few institutions are set up to handle the precious metals component of retirement plans. Since financial advisors are only licensed to recommend publicly traded securities, they, as a result, haven’t received extensive training on them. While some advisors may recommend precious metal Exchange Traded Funds (ETFs) or mining stocks, which offer a limited way of taking advantage of the growth in the gold market, they can’t recommend investing in gold itself.
Unfortunately, investing in ETFs and mining stocks is not the same as investing in precious metals. Precious metals are tangible assets. ETFs are like any other paper asset, susceptible to the same factors of volatility of the stock market, inflations, company earnings and corporate fraud. These are the very things you’re protected from when you invest in gold.
There’s been a lot of talk out there about the government taking away retirement accounts just like has been done in Portugal, Poland, and already for some in the U.S. Many would argue that in fact our government is broke and history shows that pensions and other retirement accounts have become targets for looting. These risks are real and there are ways to protect yourself and your hard-earned money.
Though investing in a Gold IRA account can be a simple process, no more complicated than investing in a traditional IRA, there are things every savvy investor should know.
Unfortunately, achieving all the benefits of a gold rollover may not be as easy as it seems. The truth is there are numerous gold and silver “investments” out there that should be avoided.
Don’t let a lack of knowledge allow you to be preyed upon by unscrupulous professionals. Learn what you need know to invest like an expert.
You can begin by downloading our FREE mini-course entitled “How to Invest Your IRA into Gold and Get Rid of Financial Worries for Good.” This powerful course could save you thousands