Articles Categorized in: Blog
Gold can be extracted from two main deposits, lode deposits and placer gold. Lode mining involves digging large holes to extract gold deposits with diesel-powered equipment while placer gold mining uses water-powered trommels and jig plants. Utah’s Legal Tender Act has opened the door for alternative currencies like Goldbacks to be accepted at various businesses across Utah. These unique notes serve as a reminder of when money was backed by actual precious metals. Mining Utah is well known for its...
Read More
Gold IRAs provide an exceptional way to diversify your retirement savings portfolio with precious metals, acting as an effective hedge against inflation and providing stability and growth potential. Furthermore, when switching an IRA over to gold, no taxes or penalties apply when performing such transfers. Tax-deferred Gold investing can provide a tax-efficient solution to expand retirement savings. Furthermore, investing in gold serves as a hedge against economic uncertainty while yielding attractive growth returns. Augusta Precious Metals stands out among gold...
Read More
Keep your coin collection safe from extreme temperatures or humidity by keeping it cool, dry and secure – consider keeping it in a metal safe for extra peace of mind. Avoid disclosing your gold storage location to anyone – this could lead to theft or prevent loved ones from accessing them if you become sick, injured, or die. Storage Options There are various storage solutions for gold and precious metals available today, each offering unique benefits for you based on...
Read More
Saver who make early withdrawals before age 59 1/2 may incur a 10% early withdrawal penalty; however, there may be exceptions. The CARES Act eliminates early distribution penalties, but savers should still ensure they qualify. Some key exceptions to consider: terminal illness; medical expenses; IRS tax levies; adoption/birth of child and hardship situations. Substantially Equal Periodic Payments (SEPPs) Rather, if you need to tap retirement savings before age 59 1/2, the IRS permits a penalty-free withdrawal if funds are distributed...
Read More
Stocks and gold both deserve to have a place in your portfolio, but each should be carefully evaluated to see which will align best with your goals and why. Understanding their history is also key when developing your ideal portfolio. Though stocks tend to outshone gold historically, adding this precious metal can offer your portfolio some much-needed stability during times of instability and disarray. Diversification Stocks and gold both offer long-term investment potential, yet diversifying your investments to reduce the...
Read More
Gold IRAs provide investors with tax-advantaged retirement accounts where they can hold physical precious metals such as bars or coins in order to diversify their investment portfolio and protect themselves against inflation. However, these accounts typically incur higher fees than traditional IRAs, so investors should carefully evaluate this before investing. How do they work? Gold backed IRAs provide all of the same tax benefits of traditional retirement accounts while giving more control over your investments. These self-directed individual retirement accounts...
Read More
Physical gold investments have become a popular way to diversify investments and protect wealth against inflation or economic turmoil, however before buying it is vitally important that proper storage arrangements are considered carefully. Home storage provides convenience but may also pose security risks and limited accessibility, while bank safe deposit boxes provide limited security and may only be accessible during certain bank hours or may fail altogether. Home Storage Many small investors choose to store some of their gold bullion...
Read More
Gold has long been seen as an appealing form of investment protection against inflation as fiat currencies lose purchasing power over time, and therefore makes an excellent retirement savings solution. For investing in gold, the ideal self-directed precious metals IRA company should offer transparent pricing and impartial customer education, without charging additional fees or selling unneeded products. The IRS mandates that the physical gold purchased for a gold IRA be stored in an approved depository or vault. When buying gold...
Read More
If you’re considering investing in gold, consult with a financial advisor first about which options would best meet your budget and goals. As another alternative, gold-focused mutual funds or ETFs might also provide an excellent way to do so. Precious metals can provide your portfolio with diversification, and you can purchase approved bars and coins from a reliable dealer. As with other investments held within an IRA account, their value may appreciate tax-free until it comes time for withdrawal in...
Read More
As Individual Retirement Accounts (IRAs) are designed for retirement savings, precious metals should make up only a portion of an investor’s overall portfolio. Investors should exercise due diligence when selecting dealers and choosing products such as gold bullion coins, silver bullion bars or platinum bullion bars. Many investors choose to hold physical precious metals in their IRA due to its diversification benefits and protection against inflation, however investors should be wary of certain concerns associated with this account type. Diversification...
Read More
