Need Help With Your Gold IRA Investment?
It’s only been relatively recent that the gold backed Ira has been in existence. Gold and silver bullion were first approved for individual retirement accounts back in 1997. At the time, there were only two forms of precious metals approved for Gold IRAs, and they were silver Eagle coins and American Gold Eagle coins.
Unacceptable Gold Backed IRA – Illegal Investments
Not all precious metals investments are created equally. Some investment choices are not allowed as part of a gold individual retirement account.
Here’s a brief list of some items that you must avoid…
- Krugerrands (91.67% pure)
- Mexican 50 Pesos (90% Pure)
- Old Pre-1965 US Gold Coins (90% Pure)
Acceptable IRA – Legal Investments
- American Gold Eagle Coins
- American Silver Eagle Coins
- Gold Bullion Bars
- Silver Bullion Bars
- Backdated Silver Eagles
As you can see, there are a lot more acceptable investments for gold IRAs. They are trusted, simple investments that will help inflation proof your portfolio, whether it be a Roth IRA or any of the other acceptable IRAs for investing.
Why Choose Gold IRAs?
Think about this for a second…
Before the economy started to go south in 2008, many of today’s investors didn’t pay any attention to precious metals. They ignored it completely and never thought of adding a physical gold ira to their retirement planning accounts.
Things have changed quite a bit since then, and now investors finally realize the true power of owning gold, silver, platinum and palladium as part of their retirement investment fund.
You see, from the year 2001 up to the year 2011, precious metal steadily rose in value and reached outrageous new heights. At one point in time, gold was up over 400% in value and silver had risen over 600%. Talk about a tremendous return on investment.
Then at one point in 2011 the commodity started to sell off a bit. As a new investor looking to get into the market, this is actually a very good thing for you.
You get to take advantage of the upswing that is already starting to take place once again. You get the jump in, not from the ground floor, but at a nice level and there’s plenty of room for your precious metals investments to grow.
And that’s what you’re really looking for, right? Strong growth for your retirement fund. That’s exactly what you’ll get if you get into a precious metal backed IRA investment as soon as possible.
Is a Gold IRA a Risky Investment?
For some reason, people look at this investment as risky. Probably because the stock market fluctuates so much that people just assume the precious metals markets go just as crazy.
While I am not going to lie to you and tell you that there are no fluctuations, it’s definitely less volatile than the stock market. It’s a lot less risky and more stable as well when compared to other investment types.
Unfortunately, when the market crashed back in 2008 we had to watch millions of people lose so much of their retirement account money. This was not a very good time for many Americans, and it’s unfortunate that this had to happen for so many people.
But here’s the real truth…
If any of the millions that lost money had opened an IRA account backed by precious metals, they would’ve been able to hedge their bets against inflation and avoid such a heavy loss in their retirement portfolio.
Why is that?
To put it simply, while the stock market was crashing through the floor and stock prices were selling off at an alarming rate, precious metals began to rise tremendously in value not long after the market collapsed.
The end of 2008, all of 2009 and 2010 were wonderful years for precious metals. Precious Metals more than doubled in value and silver especially rose in price. Platinum and Palladium – silver’s lesser known cousins – also rose in value to astronomical proportions.
So, if you were smart enough to open up a gold backed IRA before the market crash, you did not suffer nearly as much is some of the other millions of Americans that went through hell during this time.
As a matter of fact, depending on how much of an investment you had in precious metals, you could’ve ended up making money on your retirement portfolio if you were heavily weighted in precious metals.
So that just one reason why it’s smart to look at precious metals as a great way to invest your retirement money. It’s safe, sound and secure. It’s smart because the country is still in a lot of trouble financially, and precious metals will certainly protect all of your assets.
How Should I Open a Gold Backed Ira?
Now that you’re convinced that a gold IRA account is the way to go, it’s time to begin looking into opening up in individual retirement account that will allow you to hold precious metals.
There’s only one way to go forward intelligently, and that’s to go directly through a precious metals broker. You’re going to be purchasing your precious metals through them anyway, so you might as well let them open the account for you so that you don’t have to do all of the hard work.
Regal Assets is the best investment company online today for this type of retirement planning. Call them or fill in the contact form so you can get started as soon as possible.