Articles Categorized in: Blog
Gold IRAs provide diversification and inflation protection for retirement savings, but come with certain drawbacks that should be carefully considered before making an investment decision. Depending on the type of gold IRA you select, its withdrawal could incur income taxes or an early withdrawal penalty, similar to traditional pre-tax and Roth IRAs. Taxes Gold IRAs provide investors with a great way to protect themselves against inflation and currency devaluation, but before making purchases it is crucial that investors understand how...
Read More
The Elliott Wave theory explores patterns of price movement in financial markets. It is founded upon the notion that market trends arise due to investors’ psychology. Elliott observed these recurring patterns appearing consistently across markets and time frames. Traders can leverage this knowledge to anticipate market reversals and predict price movements. To be safe, however, traders should always double-check their analysis using other technical and fundamental analysis tools. Elliot theory is based on human psychology Elliot Wave theory is founded...
Read More
Tradition dictates that gold coins from family members or loved ones should be given as inheritance, providing not only cultural significance but also providing financial security against economic instability in modern global markets. Beneficiaries often feel an obligation when inheriting precious metal assets, encouraging them to hold and invest the precious metals. However, some beneficiaries may require cash from these inherited assets quickly. Taxes on Capital Gains Assuming you inherit gold and other precious metal assets does not incur taxes...
Read More
Elliott wave theory is an indispensable tool used by traders and investors alike to predict market trends and identify reversals, while providing a foundation for creating trading strategies and risk management plans. Elliott wave theory is founded upon the assumption that market prices move in rhythmic, repeating cycles. These cycles are classified as motive and corrective waves. It is based on historical data The Elliott Wave Theory is an analytical tool used for forecasting market trends and price movements, using...
Read More
A 401(k) is a retirement savings account that allows employees to invest their pre-tax dollars for retirement savings purposes, with withdrawals tax-free during retirement. Gold investments offer additional protection from inflation and market instability. To move active 401(k) funds into a gold IRA, you must change employers. Otherwise, IRS penalties could apply. 401(k) to gold IRA rollover The 401(k) to gold IRA rollover allows you to transfer retirement funds into physical precious metals that serve as both a store of...
Read More
Home storage of precious metals by IRA owners may violate regulations and could put your investment at risk, according to the IRS. Home storage of your IRA gold can leave it vulnerable to theft and loss, with replacing lost or stolen precious metals being costly. Therefore, for optimal storage conditions consider either offshore depository storage solutions or secure depository depository options as viable storage options for your IRA gold. Self-storage Home storage can provide security and convenience, yet still includes...
Read More
The IRS has instituted stringent regulations regarding precious metals held within an Individual Retirement Account (IRA). Such coins must meet stringent purity and weight specifications in order to be eligible. At Augusta Gold Group, they work with trusted IRA custodians to make sure that client investments meet these specifications. Gold has long been considered an investment worthy of consideration by those looking for protection from inflation. Discover more of its potential by speaking to an advisor or tax professional. Self-Directed...
Read More
Gold dealers are somewhat regulated, yet most fall outside of the SEC and CFTC’s purview; thus leaving states and cities to address any instances of fraud when necessary. Bullion dealers must comply with KYC and AML regulations in order to avoid heavy fines, this regulation covering any dealer who sells or buys bullion. Compliance Bullion dealers must comply with various reporting requirements that ensure market transparency and meet tax and anti-money laundering regulations, which may differ by type of metal...
Read More
An individual retirement account (IRA) containing gold can be an ideal retirement investment choice. While stocks and bonds may produce impressive returns, gold has proven more reliable in providing protection from inflation over the years. Gold-backed IRAs tend to come with both an initial setup fee and ongoing costs that mirror other IRA investments, with additional storage costs for your precious metals thrown in for good measure. It’s a retirement account Gold investments can diversify your retirement portfolio. Precious metals...
Read More
When investing in gold as part of your retirement portfolio, it’s essential to carefully consider how much of your savings should go toward this asset class. A general guideline suggests at least 10% should go into precious metals. However, an investment portfolio should include more than gold. Before including gold in your retirement account portfolio, consider these advantages: Diversification One of the pillars of successful investing is diversification – spreading your investments across different asset classes, industries and maturities can...
Read More