If you’ve seriously considered purchasing gold coins as an investment then you’re most likely familiar with the many reasons why gold is a sound investment. You probably know that many experts believe that the current price of gold is much undervalued and could rise by another 50%. If you’ve considered pulling money out of other investments like stocks or mutual funds to fund your gold purchase, then you probably know that over the last decade gold has outperformed the stock market by 400%. You may also know that from 1999 to 2012 the price of gold rose over 500%.
You may be concerned with protecting your money from the diminishing value of the dollar. You probably figure that with the stock market riding at record highs and the national debt ceiling as high as it has ever been, a day of reckoning may be soon to come. You don’t want to be caught off-guard again like you were in 2008 when retirement accounts lost $2 trillion in value in only 15 months.
So, now you’ve decided to put gold in a self-directed gold-backed IRA account: What do you buy?
Investment grade gold coins are coins that must have at least 22k of purity. The higher the purity of the coin, the less alloy it contains in the form of copper or even silver.
High grade coins can sometimes end up costing less in terms of pure gold content because of the associated premiums involved with minting each coin. While 24k gold coins are preferred by some investors, having some copper in the coin gives it a more tough property and is less likely to get “damaged” if it changes hands constantly. Though, that is unlikely to happen these days because coins, especially those within a retirement account, tend to be tucked away in depositories or safes. One of the reasons to own gold coins is that if it ever becomes necessary, they can be used as cash.
Coins approved by the IRS to be held by an IRA include the U.S. American Eagle, the U.S. Gold Buffalo, the Canadian Gold Maple Leaf, and the Chinese Gold Panda. Allowable silver coins include the Chinese Silver Panda, the Canadian Maple Leaf, the Austrian Philharmonic, and the U.S. Proof Silver Eagle. All of these coins meet the necessary government standards of purity and quality.
What gold coins should you buy for an investment? A popular option is limited edition proof gold coins like the American Eagle. These collectable coins undergo a specialized minting process.
Burnished coin blanks are manually fed into presses fitted with special dies. The coin is struck multiple times so its softly frosted yet detailed images seem to float above a mirror-like field.
After scrutiny by white gloved inspectors, each gold and silver proof coin is sealed in a protective plastic capsule and mounted in a handsome satin-lined velvet presentation case with its own official Certificate of Authenticity. Because American Eagle Proof Coins are produced by the United States Mint, each coin’s content, weight, and purity are guaranteed by the United States Government.
To find out about the availability of numismatic products, what your product options of choice are, or even whether bullion coins are better for you situation, contact RC Bullion and speak to one of our dealer experts. They can help you get the information you need to decide which investment options are the best for you. To help you get answers to your most important questions, we have designed a comprehensive and informative new mini-course.
This course is now available as a FREE download and it’s filled with tips and expert advice to help you make the investment decisions that could save you thousands of dollars!
Under current market conditions, there is no better time to invest in gold than today!