Las Vegas, NV — After experiencing severe losses in traditional 401(k)s and IRAs, many investors are turning to a new Gold IRA for safety and value appreciation. As one of the leading providers of precious metals to investors, American Bullion has been at the forefront of helping investors learn about the numerous advantages of converting a percentage of their retirement assets into gold, silver and platinum with a new Gold IRA.
Understanding the Importance of Gold a Retirement Asset
Gold, silver and platinum are available in bullion coins and bars for investors. These include U.S. bullion coins, some foreign coins as well as bars of various sizes. The best choice when it comes to investing in bullion depends upon whether you wish to capitalize on price movement alone or if you are seeking long-term asset preservation and potential appreciation in value. If the former is true, gold bullion coins are your best choice. However, if you prefer the latter, you may need to add pre-1933 American and European gold coins into your precious metal asset assortment. The government considers these pre-1933 coins to be historical items. So, if you are an investor with privacy concerns, these products will give you more safety than gold bullion.
Gold (along with silver and platinum) are great assets because they are not affected by the devaluation of the dollar, bank failures and/or the performance of management which influence the value of stocks and bonds. In addition, precious metals have a finite supply, whereas major currencies can be printed in mass quantities which, in turn, drives the value of those currencies down.
Gold IRAs – A Short History
In early 1986, the U.S. Mint began to mint gold coins again. This had not been done since 1933, when a tax regulation against holding “gold collectibles” in an IRA was removed to permit the addition of gold and silver Eagles. In 1997, the Tax Payer Relief Act went even further by allowing IRA accounts to retain a wider selection of precious metals that included platinum and palladium. Currently, these rules can be applied to all types of IRAs.
There is also a U.S. government stipulation that requires all bars and coins other than Eagles to have a fineness of .995. This permits new IRAs to contain Canadian Maple Leafs and Austrian Philharmonics, but left out the well-known South African Krugerrand because it is minted with another alloy. Numismatic coins are likewise not permitted in IRAs as of now.
American Bullion’s Experts Will Help You to Open a Gold IRA Properly
Setting-up a new gold IRA is hardly a do-it-yourself project unless you happen to be a financial expert. There are many do’s and don’ts to be considered, therefore the best idea is to consult with a professional team that can determine your needs. In other words, if your goal is to protect your investments from inflation, stock market volatility, deflation and dollar devaluation, you will want to have a certain percentage of your portfolio dedicated to IRA permissible gold, silver or platinum coins and bars.
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American Bullion specializes in adding gold and silver to retirement accounts. If you have a question or would like to know more about your investment options, please call American Bullion at 1-800-326-9598 to speak with a precious metals specialist.