What You Need To Know If Considering Investing in Gold.There are a number of various reasons why you should consider investing in gold, especially as an IRA investment, none more than the diversification of your investment / retirement portfolio. In 1997, Congress passed the Taxpayer Relief Act which allowed investors to put away gold and other metals into a self-directed IRA. They were responding to investors who wanted to diversify their retirement portfolio from paper assets like cash, stocks, and bonds to add some tangible assets. Edmund Moy, who is the leading Strategist for The Fortress Gold Group and was also the Director of the US Mint between 2006-2011, stated the following an article he wrote in September 2014: (click here for original source) "By 2013, the total amount of assets held in all the Individual Retirement Account’s set up in the USA totaled 6.5 trillion dollars, and out of that amount 2.5 – 4 percent were now in non-traditional forms, such as gold." He went on to state: “And looking long-term, there are several risks that favor the continued growth in gold IRAs, such as the fragile global economic recovery, potential of aggressive inflation in the United States, growing concern of a major stock market correction and increased geopolitical risks.” When it comes to building a diversified investment portfolio, investing in alternatives from the normal investments, needs to be considered. The main reason being that diversification helps balance out the variances in values of other types of investment commodities. Sometimes an investor may be heavily invested in a particular type of investment such as stocks or ETF’s, but with a diversified portfolio, they may well have stocks from various sectors from the retail sector to the tech sector and so on. When one of these sectors, such as the oil sector, is going through a bad patch, as it is at the time of writing this, the chances are good that sectors such as retail or tech stock may be doing quite well. This not only balances out losses from the oil sector, but it can actually help to increase the value of a portfolio significantly over time. Listen to Billionaire Investor Kevin O'Leary explain why he diversify's his portfolio with gold investmentInvestors Want More DiversificationTrue effective diversification is not just diversifying stocks and ETF's, it is much more than that. More and more investors are looking to broaden their horizons by investing in things like REIT's, corporate bonds, gold, and silver, as well as stocks and ETF's. BullionVault, who are a leading peer-to-peer gold-and-silver-bullion exchange, based in London, recently produced their annual report and analysis on how varying assets have performed over the last 40 years (1976-2015) in both the UK and the USA. (see report here) As you can see from the facts below, although not the number one performing asset, gold has beaten other key assets in its returns over the past 40 years and has this century outperformed corporate bonds by a considerable margin.
ASSET PERFORMANCE LAST 40 YEARS
DisclaimerPlease note that the content on this website does not constitute financial advice and should not be taken as such. The owner of this site may be paid to recommend Regal Assets or other companies. The content on this website, including any positive reviews of Regal Assets and any other reviews, may not be neutral or independent. It is advisable to always speak to a certified financial advisor before making any investment decision. Current PricesWhat Are The Pros & Cons of Gold Investment?What are the pros to investing in gold?
A Shelter Against Volatility
Protection from Inflation-Deflation
Gold has had a remarkable performance during times of inflation and also deflation. Inflation is basically a period when the economy of a nation is struggling and the cost of living is high. During these times, gold prices tend to increase and that’s why it is often regarded as a ‘hedge against inflation’. Deflation, on the other hand, is when the economy is also struggling and business activity is quite slow. During deflation, it has been seen to perform well too.
Value
What are the Cons to investing in gold?While we do think that gold is a good investment, there are downsides to investing in it, just like there are downsides to investing in anything. Therefore you really must consider your reasons as to why you want to invest in it or any other of the precious metals, before you start out.
It doesn't produce cash.
What we mean by that is, if you are looking to invest for the sole purpose of generating cash on a regular or short-term basis, gold is not the investment type you want. Precious metals don't pay out a dividend, therefore if that is what you need to consider stocks.
Don't think of it as a short-term investment
OK, we all know that you make your money when what you have invested in increases in value. While Gold has increased considerably in value over the past 20 years, over a limited time frame we see the value of gold bounce in both directions. We are not saying you can't make money short term, if that is what you want to do, you are going to have to be checking its price almost like a Hawk on a day to day basis. But if you take the view that investing in it is for the long-term and it is for diversification, then you can buy it and leave it alone without stressing as to whether it's going to make you any money tomorrow. What Are The Options For Investing In Gold?There are various ways in which you can invest in gold. You can do so through ETF's, closed-end funds, and only stocks such as mining companies. But we want to talk about two particular options for your consideration: Buying physical gold outright and holding it in a vault/depository outside the banking system and secondly investing it into a gold IRA rollover. We cover both options in detail, explaining the benefits and options available, here on our designated gold companies page.
The post Why Gold Is A Good Investment appeared first on Precious Metals Investment Guide. Original source here: Why Gold Is A Good Investment
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Types of Precious MEtals You Can Invest InInvesting in precious metals has over time become more popular for various reasons. It certainly is not the ‘golden ticket (no pun intended) when it comes to financial security. But because of the options it provides, such as not being affected by either deflation or inflation, a history of holding its value, and probably the most popular reason, diversifying your portfolio, you can understand why investiture in precious metals, and particularly gold, is on the slow rise. So what are the various types of precious metals available for investment? There are primarily five types, from the common such as gold and silver and copper to two you may never have thought of before, platinum and palladium. Below we give you a brief outline and history of four of these metals, the ones that you can only use to invest in a precious metals IRA, plus a link to its individual page with further information. Gold InvestmentSince the end of the gold standard in the early 1970’s, along with the fixed price of gold at $35 an ounce, gold has increased in value and interest. At the time of writing, the value of an ounce of gold was $1,190 and individuals are using it now as a way of both diversifying and increasing the value of their portfolios. A Tendency To Hold Its Value: A simple look at any trading or value graph will show you that over time, especially through difficult economic times, gold maintains its value. It was only under the gold standard set by President FD Roosevelt that the value of gold dropped, deliberately. Weak Dollar: Whenever the US dollar has fallen in value against other currencies (as was the case between 1998 and 2008) investors pour their money into gold for added security. Any mass buying of a stock, product or commodity ultimately sees its value increase and so between 1998 and 2008 the value of gold virtually tripled and then doubled again over the next 4 years from 2008. (See historic gold price chart below). There is a lot of chatter right now about the potential devaluing of the dollar over the next few years, whether or not that happens, the value of gold will continue to hold its value. Inflation & Deflation: The US is experiencing relatively low inflation at the moment, but what we do know from history is that the value of gold increases, when inflation, the cost of living, increases. Inflation has been high here in the USA on five different occasions since the end of world war two. On those occasions (46,74,75,79.80) the return on the Dow Jones Average was as low as -12.3%, whereas gold was 130%. Deflation, which is when we see business slow down and the nation has excessive debt (i.e. the great depression of 1930) the power of gold increased. Diversification: At the beginning of this page I mentioned that purchasing silver or gold, in particular, should be seen as a way to diversify to create a greater balance and stability on your returns. The best way to diversify your portfolio is to have your money in investments that do not correlate with each other. When you look at how stocks and gold perform over the same time period, you will see that there is a clear seesaw effect. When the value of stocks was very low in the 1970’s, the value of gold was high. The reverse was seen in the late 80’s and into the 90’s when stocks were high, the value of gold was low and when we had the stock market crash of 2008, what do you think happened to the value of gold? Well as you will see on the chart above, it went up. So gold should not be viewed as a single entity for wealth growth, but a commodity for diversification to help growth and create better stability, whatever the performance of the market. Check out our specific gold investment page. Silver InvestmentSilver has been described as ‘the poor man’s gold’ due to its low value. Although this is true (the price of an ounce of silver at the time of writing is $17.13 compared to $1,190 for an ounce of gold) the ROI is the key to whether something is worse investing in, not it’s cost of purchase. Also, it is worth noting that gold and silver historically do not tend to rise and fall in value together. When one is doing well, we have seen the other performs less well. For example between November 2008 and the spring of 2011 (basically from the start of the last crash to the beginning of its recovery), although gold performed well, doubling in value, silver performed even better going from $12.21 an ounce to $51.52 an ounce, that is more than quadruple the return. As an investor, ensuring that your portfolio is well-balanced and capable of weathering unpredictable economic climate is key to securing your financial future. Diversifying your portfolio is necessary if you want to be protected at all times, and investiture in gold or silver is a great way to do this. It is important to realize that there is a difference between physical silver and paper silver, and the respective prices. Physical silver refers to the actual metal, which you have the option of storing in your home or in a vault belonging to a custodian. Paper silver refers to the financial instruments that are based on the spot physical prices. Such instruments include exchange-traded funds (ETFs), futures and so on. The advantage of owning physical silver is that you will get the reassurance of always being protected regardless of the changing economic environment. Silver can withstand inflation and a weak dollar, just like gold, which is not something that can be necessarily said about paper silver and stocks and bonds. It is also important to carefully determine how much you are willing to invest in silver. Do not get carried away by the prospect of investing, just because the price is low, to the point where you risk other parts of your portfolio. Remember the idea is to diversify, not completely do away with other vehicles. The only way you are going to ensure financial security is if you see to it that all grounds are covered, as far assets go. Check out our specific silver investment page Platinum InvestmentAt the time of writing this content, the price of Platinum was just over $980 an ounce. Although that price is below the current price of God ($1191 an ounce), Platinum has been known to increase in value above the price of Gold. The reason for this is due to the fact Platinum is a rarer metal than gold or silver. Its primary use is in the manufacturing of catalytic converters on motor vehicles. As the demand for emission control on cars increases, so does the demand for Platinum. Although the actual amount of Platinum used in each converter is small (ranging from 1-15 grams depending on the size of the vehicle) there are over 60 million cars manufactured each year (with a 3% yearly growth rate). So as the demand for vehicles increases, so will the demand for Platinum. The mining of Platinum occurs in mainly two countries, South Africa and Russia. South Africa is the largest producer of Platinum with Russia second, although Russia is the biggest provider of Palladium (see below). So why should you consider investing in Platinum? Well we go into this in more detail on our specific platinum investment page, but you may want to consider three main reasons: 2. Because Platinum is resistant to corrosion, along with being highly durable, new uses for it are being discovered on a regular basis, making its demand increase. 3. Although the price of Platinum is fluctuating at present, historically, just like gold, its value has increased dramatically. As the chart below from InfoMine.com shows, since July 1996 where its value was under $400 an ounce, it rose to its peak in 2007 of over £2010 an ounce, (a value gold has yet to achieve) to bouncing around the $1,000 an ounce at present. Check out our specific platinum investment page Palladium InvestmentThe reason why we have put Palladium at the end of the list is due to the fact you probably never considered it before as a metal to invest in, or you have never heard of it. Palladium comes from the very same group of metals as Platinum, yet it has the ductility and malleability of gold. A relatively new metal, it was discovered in 1803 by an English chemist. The primary use of Palladium is within industry. Its usage is within multilayer ceramic capacitors which tend to be used in cell phones and laptops. Also, like Platinum, it is a component in the manufacturing of catalytic converters Because it is in the same group of metals as Platinum, it is also mined in South Africa and Russia, along with Zimbabwe. When it comes to creating a precious metals IRA, you may not have considered Palladium, but as we show in our list of precious metals approved for an IRA, Palladium can be added, if of course, it is the type that meets IRS approval. Check out our specific palladium investment page. The post Types of Precious Metals You Can Invest In appeared first on Precious Metals Investment Guide. Original source here: Types of Precious Metals You Can Invest In Monex Deposit Company Review
Monex Deposit Company Information
MONEX DEPOSIT COMPANY INFORMATION
Credibility: I will discuss this in more detail in the history section, but Monex has been in operation for over 40 years and in that time has built up a reputation as one of the countries leading gold experts. Monex Deposit Company has a variety of reviews, across the various companies online. Website: www.monex.com â the website is a nice easy to navigate website. In their products section, they have an extensive range of gold, silver, platinum and palladium. They also have an investors info section for you to find information concerninginvesting in gold. Phone Number: 1-800-444-8317 Minimum Investment amount: Not clear What The Web is Saying About Monex Deposit Company Below weâve looked at what various websites and past customers have to say about Monex Deposit Company
Buy Back: Not clear Benefits:
Monex History: Monex is one of the longest standing gold providers in the US. Monex Deposit Company was founded officially in 1987 but the owner, Louis Carabini has been in the precious metals business since 1967, prior to a time when there were no gold providers, due to the 1933 federal law prohibiting the ownership of gold. The company is family-owned, with three generations of Carabini family on the management team. Monex claim that over the past 40 years they have carried out a total of $40 billion in client transactions, which is very impressive, with 80% of their business coming from repeat business from their database of existing clients. They are based in Newport Beach, California. Gold IRA Rollover Monex does offer both gold and silver IRA. They do have a wide choice of gold & silver coins along with both types of bullion.You can get discounted prices on your purchases but only if you are a member of their Atlas Account program. One thing to bear in mind is that Monex offer their IRAâs through third party custodians. They donât mention who they suggest, you have to call and arrange to be set up with one that meets your requirements. When using third-party custodians, the annual fees are going to vary from one to the other and so you will need to check if you are saving money or losing money through higher fees. Concerns/Things To Consider There is no doubt that Monex is a firm with a long-standing and a good reputation, and therefore, I have no concerns about them as a company. The only thing you may want to consider is if setting up an IRA, you will need to use a 3rd party custodian as I mentioned above. Summary Monex is one of the longest standing providers of precious metals, on the market, with a wide selection of precious metals on offer. As a gold IRA provider, they are using third party custodians. There are other companies out there that donât use third parties and therefore have lower costs. The post Monex Depost Company Review appeared first on Precious Metals Investment Guide. Original source here: Monex Depost Company Review GoldSilver.com ReviewGoldSilver.com Information
GOLDSILVER.COM INFORMATION
Credibility: Silver & Gold Inc, trading as goldsilver.com, is owned by Mike Maloney who is regarded as one of the leading experts in the precious metals industry. He is the author of the book, Guide to investing in Gold & Silver, which is the number one best-selling book of all time within the gold and silver marketplace. Additionally Mike Maloney is very closely associated with Robert Kiyosaki of Rich Dad Poor Dad fame, noted as one of his investment advisors. Website: www.goldsilver.com Phone Number: (888) 319-8166 Minimum Investment amount: None What The Web is Saying About GoldSilver.Com Below weâve looked at what various websites and past customers have to say about GoldSilver.com
Buy Back: They do offer a buyback service. Benefits:
GoldSilver.com History: Very little is known about the company Silver & Gold Inc as emphasis on their web site is put on Mike Maloney. There is no mention of when the company was formed, just information on Mr Maloneyâs background and success in other fields. Gold IRA Rollover GoldSilver.com does provide the option of investing in a gold IRA. Unfortunately, they do not organise a custodian for you but give you a list of currently six different companies, and you have to speak to each one, comparing services. If you want to sort out your gold IRA with GoldSilver.com then I suggest you check out the different custodian fees first so you have an idea of what you are going to have to deal with. Concerns/Things To Consider These are not concerns, more things to bear in mind that you may not be aware of. If you buy any precious metal from GoldSilver.com using a personal check or a bank wire, you need to be aware that you will have to pay an additional 5% fee via either a debit or credit card. Also, whereas other providers offer you a free gold IRA starter kit if you want a starter kit from GoldSilver.com, you will have to pay $400. Summary / Overview There is no doubt that the Silver & Gold Inc are a company with pedigree. Backed by a leading expert in his field, they offer full website purchase (you can call them if you have questions, but you canât order over the phone). They are the first company that I have reviewed that sell jewelry online too, and also copper as well. They do have rather high fees compared to others and because you are buying online, there is no cancellation facility, so you have to be 100% sure when ordering, you actually want to order. The post GoldSilver Com Review appeared first on Precious Metals Investment Guide. Original source here: GoldSilver Com Review USAGOLD Review
USA Gold Information
USAGold INFORMATION
Credibility: USAGOLD is one of the longest standing providers on the market, having been in operation since the 1970âs. USAGOLD, which is the trading name for the actual company, Centennial Precious Metals Inc, is owned and run by Michael Kosares. Mr Kosares has well over 30 years experience working within the gold industry. Because of his experience and knowledge he is often interviewed as a key expert within the financial press. He is also the author of the book âThe ABCâs of Gold Investing â How to protect and build your wealth with gold. The company are very proud of the fact that they have never received a complaint via the BBB, and rightly so. They also operate in a variety of different countries other than the US and they provide a wide range of gold coins from not only the US but also Latin America and Europe. Although USAGOLD has a great standing of over 40 years and a perfect record with the BBB, there is very little else mentioned about them on the web. They have no listing with the Business Consumer Alliance, no reviews on Trustlink, no mention of Google plus, but what is good is they have absolutely no mention on the website ripoffreport.com, which certainly does emphasise the quality service offered by this firm. Website: www.usagold.com Phone Number: 1-800-869-5115 Minimum Investment amount: None What The Web is Saying About USA Gold Below weâve looked at what various websites and past customers have to say about USA Gold.
Buy Back: I couldnât find any mention on their site, but that doesnât mean they donât offer it. You will need to ask. Benefits:
USAGOLD History: As mentioned USAGOLD have been in operation since 1973, they are seen as an organization that sets the standard. In the past, they were awarded the Better Business Bureauâs Gold Star Certificate, a mark of their quality service. Gold IRA Rollover USAGOLD does offer the facility for investing gold into your IRA, however, the selection is minimal and a large selection of the coins they sell, are not allowed within an IRA. Concerns There is very little to be concerned about with USAGOLD. Summary As a gold supplier USAGOLD is one of the best, with a great history and long standing within the industry, but for adding gold to your IRA they do seem to have a limited selection. If you are outside of the US, then they are a good option as a company to purchase gold from. The post USA Gold Review appeared first on Precious Metals Investment Guide. Original source here: USA Gold Review Definition of an IRA & What are the different types Available?In very simple terms, an Individual Retirement Account (IRA) offers you tax benefits if you want to set aside money for your retirement. It is a form of retirement plan provided by financial institutions to help individuals save for retirement and get various tax advantages that ultimately benefit the account holder or their beneficiaries. The IRA can include different types of assets or investments which you choose. You may choose to invest in stocks, bonds, companies’ funds or even set up a precious metals IRA. You can even appoint the financial institution to act as the custodian of your IRA and manage assets in the account. There are different types of IRAs. Anyone who wants to invest in an IRA should start by understanding the different options available and how they work. There are 4 main types of IRA: Roth, Traditional, SEP and SIMPLE. plus in addition you have what is referred to as an IRA Rollover (i’ll talk about that later on). Traditional IRAA traditional IRA is one that allows you to direct funds to your account and have them grow tax-deferred. This simply means that you will not be taxed until you want to withdraw the money. For you to withdraw from a traditional IRA under 59 ½ years of age, you’ll have to pay income tax together with certain tax penalties. This traditional IRA can be considered by those who have earned income and would like to direct their contributions on a regular basis. There are cases where your income tax bill will reduce if you direct part of your earnings to a traditional IRA. Traditional IRAs are the most common and it’s where cash contributed to the account is not taxed until you withdraw it. This means that money will continue accumulating in your account and when the time comes to take it out, you will pay taxes for it. If you decide to withdraw the money before you are 59 ½ years old you are also going to pay a penalty tax in addition to the other taxes that area due. There is a contribution limit that is set by the government for every tax year. As of 2014, the contribution limit was set at $5,500. Roth IRAThe biggest difference between Roth and Traditional IRAs is in the tax benefits offered. With the Roth IRA, you invest money that has already been taxed in your account. But since you don’t get to invest in untaxed money, you benefit in the long run when the time comes to withdraw it. You don’t get to pay income taxes when withdrawing the money from your Roth IRA, but this is subject to certain conditions. For instance, you must have reached age 59 ½ to be able to withdraw from your Roth IRA without paying any taxes. If you want to withdraw early, expect to pay a penalty the same way you would do if you had a Traditional IRA. But there are cases where early withdrawals from the Roth IRA are not penalized. For instance, if you are using the money to buy a first home or recover from a disability, you will not be taxed. But the contribution limit is the same as that of the Traditional individual retirement account. You need to consider the pros and cons of each account before choosing to invest for your retirement. Most people consider the Roth IRA to be a better investment option compared to the traditional IRAs. This is because a Roth retirement account allows the investor to contribute cash without a tax deduction and then when you reach 59 ½ years, you can withdraw it without paying a penny in taxes. But the contribution limits are the same as those on the traditional account. There are also cases where investors who are more than 50 years old are allowed to deposit more money in their IRA. The table below is courtesy of Fidelity.com who clearly explain the difference between a Roth and a Traditional individual retirement account
SEP IRAThe Simplified Employee Pension Individual Retirement Account is more or less like a Traditional IRA with the major difference being that it offers the investor higher contribution limits. With this type of individual retirement account, a married couple who receive quite a high income, say $250,000 can make up to $100,000 in contributions to their SEP IRA. However with this type of account, early withdrawals are not allowed. Simple IRASIMPLE IRA stands for the Savings Incentive Match Plan for Employees. It is usually set up by small employers to offer their employees a suitable retirement plan. Like the SEP IRA, this one also has a higher contribution limit. As of 2012, investors were allowed to contribute up to $11,500 and an even higher limit was set for those who were 50 years or older. The employer sponsoring this plan would make a matching contribution depending on a certain percentage of the employee’s earnings. So the combined employee and employer contribution should not exceed the maximum required limit. How does an IRA Work?Opening an IRA can be one of the best decisions you ever make as you plan for your retirement. It is simply an account that allows you to enjoy certain tax benefits as you save for your retirement. Anyone can open an IRA so long as you have a taxable income. You’ll just need to visit a financial institution like a bank or a brokerage firm and get them to explain what options they have and then fill some paperwork. How to fund your IRA accountAs soon as you open your IRA, the next step is to fund it. You can invest in stocks, mutual funds, index funds, bonds or any other options available. With a traditional IRA, money is deducted from your earnings. The money in your IRA increases without being taxed. You are only going to be taxed when you withdraw it at retirement. The taxes are deferred until your retirement. That’s why they say the earnings grow on a tax-deferred basis. Upon retirement, individuals are usually in a lower tax bracket. The amount that is taxed will depend on several factors such as the individual’s income as well as the tax rate that applies to that year. There are also statutory limits that will apply. Setting up IRAsYou can contribute money to different IRAs so long as it doesn’t exceed the maximum annual limit. As of 2014, individuals are allowed to contribute up to $5,500 annually to their traditional or Roth IRAs. The limits can increase as you get older. For instance, once you attain the age of 50, you are allowed to contribute a maximum of $6,000. You must be at least 21 to set up an individual retirement account. The Roth IRAThe major difference between traditional and Roth IRAs is that so long as you have attained 59 ½ years, money that is withdrawn from the account is not subject to income tax. However, if you decide to make an early withdrawal, you will face the same penalties that apply to traditional IRAs. However, you will not pay any penalties for early withdrawals if the money will be used for a first home purchase. There are many different types of IRAs and it’s important to understand how each one of them works before you choose to open any account. Opening multiple IRA accounts can help you to diversify your investment but you may also consider consolidating them to avoid paying multiple maintenance charges. How many ira accounts can you have?How many IRA accounts can one person have? You are allowed to contribute to more than one IRA. There are situations where you may end up with multiple ones. For instance, if you inherited one but you already had one of your own, you may have to send contributions to both. You can even have a traditional IRA as well as a Roth and direct funds to both in the same tax year. However, you must not contribute more than the annual maximum amount. This is a limit that is set on all accounts in any given tax year. So all the money you deposited across all the IRAs must not exceed this limit. In 2011, the maximum contribution limit was set as $5,000. This means that if you deposited $4,000 in your traditional IRA, you can only deposit a total of $1,000 in your remaining ones. As at 2014, the maximum contribution per IRA beneficiary was set as $5,500 which means that no matter how many you own, you are not allowed to contribute more than this amount per tax year. The limits do not change whether it is for a Roth or traditional individual retirement account. Disadvantages of maintaining multiple IRAs Keeping multiple accounts can be a good way to diversify your investments. You can choose to invest in stocks in one IRA and then open another like a mutual fund. However, multiple IRAs come with various disadvantages. As you choose to open multiple accounts, consider the cost of maintaining them. Costs such as commissions, custodial fees and other additional charges may make it expensive to own multiple accounts. With every IRA, you’ll have a separate custodian. That means you’ll have to pay the custodial fee annually which can be as high as $50. This means that the annual fees will increase if you have more IRA accounts. That’s why many people choose to consolidate their IRA assets in order to have a few accounts. Consolidation combines the different accounts into one that can meet the individual’s investment needs. As an investor, you are allowed to choose how much you want to contribute to each account you own. You are even allowed to liquidate any of the accounts that are not performing well and maintain the rest. These are decisions you need to make wisely. Setting up multiple IRAs is usually expensive and consolidation is a great way to save on costs. Is Investing in Gold for Your IRA a Good Idea?Have you been thinking of investing your retirement savings in precious metals? Many investors are pulling away from the stock market for a variety of reasons. For one, the risk of inflation is undermining the stock market and secondly, safer investment options are giving very small returns. Investing in gold has been considered a smart move for several reasons. First of all, gold can never be devalued, unlike the dollar. Unlike the stock market, the price of gold is something the government cannot manipulate easily. You have full control of your savings and investments if you choose to invest in gold. There’s absolutely no risk of losing your investments because of government bonds and mutual funds. It’s a fact that the prices of gold are not affected by inflation. When paper assets are devalued, there’s a high chance the price of gold is increasing. Adding gold to a retirement portfolio not only helps an individual to diversify their assets but also acts as a guard against inflation. Physical gold can help to reduce the risk of losing your retirement savings because of inflation especially if you are planning on investing in the long term. It is a smart choice for those people who want to invest a lot of funds into their IRAs and distribute them in different forms of investing. A gold IRA is simply an individual retirement account that allows you to invest in physical gold instead of the paper-based stocks, bonds, and cash. But for you to convert your IRA funds into gold, you’ll need to find a suitable broker or custodian. Custodians are usually commercial banks, brokerage firms and other institutions that have been approved by Federal agencies to provide their custodial services to individuals. There are a number of financial institutions that offer self-directed IRAs which you can invest in gold. The broker or custodian will create and manage your account and even store the actual gold. However, there are certain regulations that qualify the gold that can be held in an IRA. For instance, the gold bars or coins should meet certain IRS fineness standards in order to be held in the account. The gold must also be held by the IRA trustee or custodian and not the account owner. Additionally, gold coins and bars should be stored in a depository that is approved by the IRS. What are IRA Custodial Fees?Individual retirement accounts are held by financial institutions such as commercial banks, retail brokers, and investors. These financial institutions or groups of people are referred to as custodians. The commercial institution or brokerage that holds the IRA usually charges a custodial fee. While you can manage your own IRA, there are activities that you cannot manage to perform on your own. The custodial fee covers the cost of managing the account, safekeeping or any changes that need to be made to the IRA. What do custodians do? Custodians perform many roles. They maintain all the records pertaining to your account and also report withdrawals to the Internal Revenue Service annually on your behalf. In some cases, the custodian can be responsible for investing the assets in the IRA. How much should you pay? It is important to understand the custodial fee charged by the financial institution that will be managing your account. Know how it is calculated and compare with what other institutions are offering in order to get the best deal. There are several factors that affect how much you are going to pay for custodial services; they include things like the rate rival firms are charging and the kind of service you require. Most custodians charge an annual fee of between $20 and $50. This amount can be deducted from your account as an investment expense. You can pay this amount via check if you wish. Additional fees Other than the custodial fees, you can expect other additional expenses when you set up your IRA. There are custodians that charge management fees if you choose to give them the responsibility to manage your account. The amount may vary from 1 to 2 percent of your account value annually. Other charges such as the stock, commissions and transaction fees may apply. Ways to save on custodial fees There are cases where the custodial fees will be waived by the financial institution especially if you are a long time customer if you have other accounts with the bank or you meet a certain minimum level of investment. Starting your IRA with a specific minimum amount of money can also save you from paying custodial fees. There are also online financial institutions that do not charge any fees for custodial services. You can also avoid paying custodial fees by setting up an automatic transfer of funds from your bank account to the IRA. Know what options the financial institution offers to waive custodial fees. The post Definition of an IRA & What are the different types Available? appeared first on Precious Metals Investment Guide. Original source here: Definition of an IRA & What are the different types Available? Rosland Capital ReviewRosland Capital Information
ROSLAND CAPITAL INFORMATION
Credibility: Rosland Capital are building up a reputation as a leading provider of gold and silver bullion. A lot of their advertising and endorsements are backed by the actor William Devane, who himself is a customer of Rosland Capital. They have yet to achieve the publicity and credibility in mainstream media that other provider have, but I am sure if they continue growing the way they are, it may not be too long till they do. Rosland Capital have received a number of reviews on the BBB, BCA and Trustlink. On Trustlink, for example, they have a good mix of 5-star positive reviews and some satisfied reviews, giving them an overall score of 3.6 out of 5. Also if you look at their website it does contain a number of recommendations from previous clients. Rosland Capital have become the official provider of Formula One gold coins. If you are into grand prix racing as well as collecting coins, then Rosland Capital have a very good selection for you. They are the only company licensed by Formula 1 racing to sell these coins. Please note: these coins will not be suitable & do not qualify for adding to a precious metals IRA, they are suitable as collectables only (To find out which coins are suitable, check out our IRA approved metals page) Website: http://www.roslandcapital.com/ The website is nice and clean and very easy to navigate. They offer a number of information packs, a free gold kit and information on a gold backed IRA. Phone Number: 1-888-973-8927 Minimum Investment amount: I could not find this information on their website, although I have been advised it is $1,500 (although this more than likely for general investment and not for your IRA) What The Web is Saying About Rosland Capital Below weâve looked at what various websites and past customers have to say about Rosland Capital.
Buy Back: Rosland Capital will provide you the opportunity to sell such products back to them at the current market value determined by their valuers. Benefits:
Rosland Capital History: Rosland Capital has been in operation since 2008 and was founded by its current CEO Marin Aleksov. You can check out their own Wikipedia page for further information. Gold IRA Rollover Rosland Capital do promote and offer you the opportunity to invest your IRA into gold, however, it has been noted that on their website, they seem to promote numismatic coins more than they do bullion. Things to Consider It has been reported that the company charge as much as 20% commission on its gold trades. This does tend to be higher than a lot of other gold companies, so I would advise you to get written confirmation from Rosland Capital of their fees before dealing with them, just so you know beforehand. Rosland Capitalâs website lists a number of previous metals other than gold, which is very good. In fact, their selection shown on their website is impressive, but there is one thing missing and that is the price. Rosland Capital donât inform you of the price at all on their website, you have to call them for a price on any item you may be interested in. If you are simply window shopping and comparing companies on price, as tends to be the case, then this will obviously slow you down. Summary Rosland Capital are a relative newbie to the gold ira business and therefore information on the company is a little scarce. I am sure that as time goes by, more and more information will become available. Donât let the fact that there is very little to say about them put you off. Check them out for yourself and just as you should when dealing with any financial business, make sure you get all the facts first, re costs and feeâs delivery and storage charges etc. In fact, when you come to deal with any gold IRA company donât just go off the information I give you here, do your own research too so that you are fully happy with your decision.
Author of review â Nate Tarrant The post Rosland Capital Review appeared first on Precious Metals Investment Guide. Original source here: Rosland Capital Review WHAT PRECIOUS METALS ARE ALLOWED In An IRA?It is possible to be able to put different precious metals into your IRA account, as detailed in the table below, but you can’t put any type of precious metal into your account. When purchasing please check with your provider before purchase (preferably in writing) that the metal provided IS eligible for your account. There are strict guidelines as laid out by the Inland Revenue Service as to what precious metals can be used in an IRA and the purity level required for each metal. Below we have listed out for you what precious metals can be used, the purity level required for investment in an IRA, and therefore, what bullion and coins meet the required standard for investment.
You can, of course, buy collectible coins as a separate investment, hold on to them and sell them in the future when hopefully their value has increased, but you cannot under any circumstances add them to your IRA. PRECIOUS METALS NOT ALLOWED IN AN IRABelow we have listed the different bullion and coins that although popular are not eligible for your retirement account. If purchasing these coins, make sure you are doing so simply from a collectible view.
IMPORTANT NOTE – This list is not exhaustive and therefore, when buying coins for your retirement account, only buy those listed at the top of this page in the section on coins that can be used. The post IRA Approved appeared first on Precious Metals Investment Guide. Original source here: IRA Approved Apmex ReviewsApmex Information
APMEX INFORMATION
Credibility: Apmex is one of the largest precious metals suppliers on the industry with over 8000 products on their website for sale. They have, in the time that they have been operational, sold in excess 94 million ounces of Silver and over 2 million ounces of gold, all in the form of either bullion or coins. The company was founded by Mr. Scott Thomas who is still the existing President. Apart from building Apmex from scratch to become one of the largest suppliers of precious metals, Mr. Thomas has also led the company to be operational in more than 40 countries around the world. Mr Thomas has also personally received the prestigious Presidential Award from the ANA (American Numismatic Association), which is impressive. Apmex has a leadership team of 9, with all their information published on the website. Website: www.apmex.com â the website is massive, but then you would expect that from a company that offers so many gold and silver products. The navigation is made up of top picks, with gold, silver and platinum being separated. Because of the vast array of products on offer, it may be best if you know before hand what you are looking for. In their âother itemsâ navigation they offer copper, storage boxes, currencies, and jewelry. Phone Number: 1-800-375-9006 Minimum Investment amount: None What The Web is Saying About Apmex Below weâve looked at what various websites and past customers have to say about Apmex.
Buy Back: They do offer a selling service where you can sell to them precious metals. The minimum transaction is $1,000 Benefits:
Apmex History: Apmex (also known as American Precious Metals Exchange Inc) has been in operation since 2000 and as mentioned above, was started and is still run by Mr. Scott Thomas. Apmex is based in Oklahoma City. Gold IRA Rollover Apmex does provide you with the facility for investing gold into your IRA. They do have an impressive selection of gold coins and do also sell bullion, a total of over 1400 products. If you do wish to add gold to your IRA through Apmex, you have to deal with their separate IRA department. However, unlike other gold ira companies, Apmex do not offer a direct custodian service. They suggest 6 different custodian companies, which means you will have to contact them all and compare their fees etc before you set up your gold IRA account. Things To Consider If you are looking to set up a gold IRA and with Apmex having a number of custodians to choose from rather offering the service themselves, you may want to consider your options. Apmex Reviews Summary Apmex is the largest provider of precious metals, on the market. As a gold IRA provider, their focus in primarily in coins rather than bullion. If you are a collector, then they are a great company to deal with due to the vast selection of coins. Author of review â Nate TarrantThe post Apmex Review appeared first on Precious Metals Investment Guide. Original source here: Apmex Review Lexi Capital ReviewLexi Capital Information
LEXI CAPITAL INFORMATION
Credibility: Lexi Capital was started in 2010 as part of a graduation project by two students of UCLA. Lexi Capital has gone on to be a key player in the gold IRA market, mainly due to the unique offering they have, which was part of their graduation project. They provide you with a complimentary analysis of your portfolio using their own patent-pending software. The software apparently will create a personalized diversified portfolio, and they claim it will make your portfolio 31% more diversified than mutual fund counterparts. Lexi Capital are one of the few companies that have a perfect score of 5/5 with Trustlink, based on 3 reviews. Because the company is relatively new, it is natural that they have limited reviews and online feedback, so that is something to bear in mind. Website: www.lexicapital.com â the website is nice and clean and simple to navigate. They offer four gold products, a 1-ounce gold bar, British sovereign coin, American Eagle and the Canadian Maple Leaf coins. In their range of silver products they offer 100ounce silver bar, Morgan Silver Dollar, American Eagle and Canadian Silver Maple Leaf. You also have the opportunity to join thair VIP Buyers club and over request a free investors kit. Phone Number: 800-473-1213 Minimum Investment amount: $1,500 What The Web is Saying About Lexi Capital Below weâve looked at what various websites and past customers have to say about Lexi Capital
Buy Back: It is not clear if they offer a buy back service, but they do allow returns within 3 days of receipt of item. Benefits:
Lexi Capital History: As I mentioned above, Lexi Capital was formed in 2010 and the president of the company is Mr. Steve Kenedy and Mr. Bernard Kane is the other senior manager. Other than that and what I have already said, there is very little known about the company. Gold IRA Rollover Lexi Capital do offer a gold IRA rollover, but they do not offer a custodian service. They have a partnership with SDIRA Services Inc who are a subsidiary of Horizon Bank. Concerns /Things to consider I have no concerns about Lexi Capital, that would alter your thinking about investing with them. Summary As a provider of coins / numismatics, they are a good provider. You can buy online and can use a wide variety of payment methods. They offer free delivery on all orders over $2500 and are prepared to help you analyze your portfolio to ensure you are getting the best possible return and diversification available. I give them 3.5/5 because they are a good company on face value. Their product range is a little scarce, but I am sure that over time this will increase. Author of review â Nate Tarrant The post Lexi Capital Review appeared first on Precious Metals Investment Guide. Original source here: Lexi Capital Review |
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