Interested in learning more about protecting your IRA with Gold?

 

Visit Regal Assets and get a free gold kit chock full of  information.

 

One of the highest rated companies in the country.

Click here to get a free Gold Kit from Regal Assets.

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What is a Gold IRA?

 

  A Gold IRA is a Self Directed Individual Retirement Account that can include physical gold and precious metals as well as other types of physical assets instead of the paper currency that is in a traditional IRA. It can’t be just any type of gold. The IRS has approved select precious metals and types of bullion for these types of IRAs:

 

Gold:

Silver:

  • American Eagle coins
  • Canadian Maple Leaf coins
  • Austrian Philharmonic coins
  • Silver bars from various recognized refiners

Platinum:

  • American Eagle coins
  • Canadian Maple Leaf coins
  • Isle of Man Noble Coins
  • Platinum bars from various recognized refiners

Palladium:

  • Canadian Maple Leaf coins
  • Palladium bars from various recognized refiners

 

Gold IRAs are typically self-directed IRAs, which allow more diverse investments to be held in the account and give the holder more control over those investments.

The easiest way to get detailed information about Precious Metal Retirement Accounts is to speak to the professionals who deal in Gold IRA rollovers. They will be able to keep you up to date as to what exactly can be included in this type of retirement fund.

 

So what is the point of having a Gold IRA?

 

Great question.

What most people do is use a precious metal retirement account to hedge against their paper backed IRA.

Confusing?

It might seen so at first but let me break it down to it’s basics.

When the Stock Market crashed in 2008 and the Real Estate Market went in the tank and Lehman Bros. and Bear Stearns went bankrupt millions of average folks lost everything they had in their retirement accounts because they included paper backed investments such as stocks and bonds and nothing else.

Maybe you experienced this yourself.

In 2008, people lost, on average, 14 percent—or about $10,000—of their retirement savings. The damage was even higher for those with 200,000 or more in their count losing about a quarter of their savings with the average around 21%.

Scary Stuff.

Pending on where they were in life, they may have had to put off their retirement for years down the road and continue working to try to recoup as much as those losses as possible. For some, they had to go back to work, because everything that they had worked so hard for got completely wiped out.

By having a portion of your money in a Gold Backed IRA, it would have offset the losses they endured when the 2008 disater hit.

This is called “hedging”, meaning you are playing both sides of the fence, so to speak, to ensure that you are covered regardless of  the economy. If there is a dip in the stock market, if there is an increase in inflation, or a weakness in the dollar, gold and precious metal prices tend to go up.

Essentially you are safeguarding yourself from being completely wiped out because you didn’t diversify your money, assets, and investments and you made the mistake of putting all your eggs in one basket.

Investing some of your retirement into gold can help you avoid a financial tornado coming in and destroying you.

 

Getting the best advice to see if a Precious Metal IRA is a good idea for you.

 

  There are several things to consider if you are thinking about investing some of your money into gold.

 

  • First would be to get information. Click here to get some free info from the company that is highly recommended.
  • Ask questions. Once you get your info make sure that you ask alot of questions to ensure that a Gold IRA is a good fit for you.
  • Talk to your accountant. Very important. You need to know what the tax laws in your state are and if diversifying by investing in precious metals would help you and would make sense for you.

 

  A self-directed Gold IRA isn’t for anyone. You may think that gold will be a great move for you but by getting as much information as possible and doing your research you may find that you are better off investing in other things to diversify your portfolio. So research is crucial.

Start by getting the free kit at first, then move from there to get all your questions answered so you can make a well-informed decision. If gold makes sense for you then give Regal Assets a call and they will walk you through the Precious Metal buying process.

Please Remember: Like any type of investment, there are risks involved. There is no guarantee that you will make money. Whether it’s gold or traditional stocks.

Always do your due diligence and consult with professionals so you can make an informed and educated decision.

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Important: This is an independently owned and operated website. We are not financial advisers nor do we give financial advice. We write about financial topics that are of interest to us. Please always talk to financial professionals when thinking of making any type of investments.

Disclosure: We are a professional review site that receives compensation from the companies whose products we review and recommend. We are independently owned and the opinions expressed here are our own.

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