Articles Categorized in: Blog
Some less reputable dealers claim that during times of national emergency, government can seize gold bullion for confiscation by the government. Unfortunately, this claim is false. Governments often intervene to boost or slow the economy through policies like increasing money supply and devaluing currencies; however, confiscating private gold usually isn’t on their agenda. Luckily, there are strategies available that may reduce this risk. Historical Background Gold can provide an effective hedge during times of economic instability. Used as a store...
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Precious metals can make a valuable addition to any portfolio, but those holding an Individual Retirement Account (IRA) should understand its associated IRS restrictions and fees before purchasing physical precious metals. As an alternative to physical gold investing, consider investing in gold ETFs or mining stock mutual funds instead. Gold bullion or coins may also be purchased through a custodian, however these may be considered collectibles and therefore not permitted within an IRA. Taxes Precious metals investments within an IRA...
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IRAs provide retirees a way to protect investment income from taxes; however, it’s easy to fall foul of IRS rules that could have unintended repercussions and cause unwanted consequences. One of the more pressing problems relates to required minimum distributions (RMDs) which must begin being taken starting at age 70 1/2 and may be subject to income and excise taxes; exceptions may exist in some instances. 1. Rolling Over Funds from a Company Plan Once you leave a company, it...
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Self-directed IRAs allow investors to invest in various assets, including private equity. Unfortunately, however, these accounts often come with high fees and limited liquidity. Investors must strictly abide by IRA rules to prevent prohibited transactions, such as living in rental properties purchased with their funds or fixing their own toilets themselves. They’re not going away Self-directed IRAs may appear ideal for anyone hoping to bypass Wall Street and its high fees; however, they come with their own set of issues....
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Gold investing is an attractive way to diversify your portfolio and protect it against rising inflation or global political unrest. Gold ETFs offer an alternative solution. They’re cheaper than buying physical bullion and provide valuable protection. Before investing in a gold ETF, be sure to verify its underlying assets, fees, fund performance and liquidity as well as your financial goals and risk tolerance. GLD The SPDR Gold Trust (GLD) is one of the most sought-after exchange traded funds globally, boasting...
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Gold coins are smaller portions of gold that can be easily purchased, sold, and traded. Their added numismatic value attracts collectors and investors looking to complete sets or find specific years’ coins. Due to reduced production costs and added value from coins’ reduced premium per ounce versus bars, coins may offer higher premiums per ounce; which one you select ultimately depends on your investment objectives and storage arrangement. It’s easy to buy Gold bars and coins can be an effective...
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When it comes to investing in precious metals, the options are plentiful – among them are gold bars and coins. Which choice you select depends on your investment goals. In this article we’ll compare and contrast their advantages and disadvantages so you can make an informed decision. We will consider factors like legal tender status, security features, liquidity issues and numismatic value when making our selection. Legal Tender Bullion coins are an excellent investment choice for investors or collectors looking...
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The ideal gold IRA should meet your financial goals. Make sure it meets these goals by shopping around and comparing fees, account minimums, storage options and fees before selecting a provider. Also speak with an investment professional to make sure the precious metals you purchase fit into your portfolio diversification strategy. Advantage Gold provides low minimum investment requirements and affordable fees, and also provides educational resources and tools tailored specifically to first-time buyers. Augusta Precious Metals Augusta Precious Metals stands...
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If you are considering opening an IRA that invests in precious metals, be sure to select a custodian carefully. Look for one who offers transparent pricing and reasonable transaction fees as well as impartial customer education services. Your custodian must also have an IRS-approved depository for holding your coins or bullion, since keeping physical gold at home or in your safe deposit box violates IRS regulations. Self-directed IRAs Self-directed IRAs give investors more choices beyond stocks, bonds and mutual funds...
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ETFs offer low investment minimums and diversification. Before opening an ETF account, however, make sure your goals and risk tolerance are clear. ETFs typically have lower expense ratios than mutual funds, making them more cost-effective options for retirement savings. Furthermore, ETFs tend to produce fewer capital gains distributions, potentially lowering tax liabilities during withdrawal in retirement. Costs Purchasing ETFs in your IRA incurs both explicit and implicit costs. These costs include trade execution costs, operating expenses for the fund and...
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