Gold IRA investment has become a necessity in today’s economically trembling world. With monotonously dropping Real Estate prices and uncertain Stocks and Bonds, Gold along with some precious metals are the only profitable options for the near future. So If you are planning to convert part of your IRA, 401(k), Annuity or other retirement plans to a physical gold bullion-backed gold IRA, you are at right place. we will be your best gold investment advisor which will guide you to make the right decision for your future retirement. GICNIX will provide a foolproof plan to secure your future after retirement. There are certain technicalities involved in gold investment which requires an expert watch. But we are going to share step by step process by which you can easily open a gold IRA investment account.
Why Gold IRA Investment?
The precise reason is that unlike paper money, stocks, bonds and real estate, gold cannot be produced. So being a limited precious natural resource, the prices are very less likely to fall. According to our analysis of last 4 decades, there has been an increase of 178% in the prices of gold and other rare metals. The reason also gets its strength from the fact that the governments of Asian countries such as India and China have access to 90% of the world’s gold reserve in order to avoid bankruptcy.
Gold easily has the highest liquidity value in the world. You can be anywhere—and you can practically go down the street and get actual cash for it. Physical gold is the Ultimate Investment- Forbes Magazine
For years, it was believed that Stocks and Bonds are sure shot highly profitable commodities to invest. But during the recession period, The United States National Debt had soared to a staggering number of over $17 trillion and continued to grow uncontrollably. Many mutual funds and stock investors had to face serious debt issues at that time. So what is the real profitable commodity that you can rely upon? Well, looking at the gold chart, one can easily get the answers. There has been a gold rush in the recent past and the peaks suggest that it is still on rising. The prices will go 150% higher by 2020. So if you have your money invested in mutual funds, bonds extra, you can roll over your money to invest in bullion gold bars in no time. There are several options apart some gold namely silver, platinum and palladium etc.
How to Invest in Gold?
There are two basic options to invest in gold.
- Open a self-directed gold backed Individual Retirement Account meeting the rules and regulations of IRS.
- You can roll over your existing 401(k) to buy precious metals like gold.
Is there any other option apart from gold?
Well, the answer is yes. We can buy silver, platinum and palladium. Although there are some restrictions for an IRA holder to buy these metals. Following are the list of metals you can buy as per directions were given by IRS.
- GOLD: American Eagle Coins, Australian Kangaroo/ Nugget Coins, Austrian Philarmonic, Canadian Maple leaf Coins, Credit Suisse Gold-PAMP Suisse Gold Bars.
- Silver: American Eagle Coins, Australian Kookaburra Coins, Austrian Philarmonic, Mexican Libertad Coins, Canadian Maple leaf Coins.
- Platinium: American Eagle Coins, Australian Koala Coins, Isle Of Man Noble Coins, Canadian Maple leaf Coins.
- Palladium: Rounds and Bars that have been produced by manufacturers who are accredited or have been accredited by Nymex/Comex, LME, LBMA, NYSE/Liffe/CBOT, and ISE-9000 or a national mint.
The round bars which can be bought against paper money should qualify the minimum quality index. These are the international standards for the precious metals:
Best Gold IRA Investment Company
There are many companies out there in the market which can help you set up an account for your requirement. But since gold investment is a matter of great concern and trust, you can only trust the best gold IRA company in the market.
One of the most trusted companies is Regal Assets. Regal Assets is rated as number 1 gold company seven years in a row now. The company is the most successful Gold IRA firm in the United States of America, with recognition from the likes of Forbes, Smart Money, the Huffington Post and many others. The company’s trust flow can be judged Regal Assets deals in Bullion precious metals namely Gold, Silver, Platinum and Palladium. Being an industry leader, the company has no negative review what so ever.
You can clearly see how wise guys are able to protect their hard earned money through gold investing. This is a kind of sustainable action which means it helps in the present scenario without compromising the future needs. So if you were a wise guy, what would you do? Simply purchase precious metals and allow the chosen company to take care of the rest. There are some processing charges and depository fees involved. We help you find the best gold investment company that you can rely on. After analysing many gold investment companies and industry leaders, we have created a list of best gold IRA investment companies which have successfully secured people’s fund with the help of precious metals.