What is a Gold IRA?
A Gold IRA (or Precious Metals IRA) is a self-directed Individual Retirement Account that has become incredibly popular in recent years, particularly among those who value diversity and stability in their investment portfolio. A Gold IRA gives investors the ability to add physical precious metals, in the form of coins and bars, to their tax-sheltered retirement accounts. Precious metals, which have long been considered a classic hedge against inflation and geopolitical crisis, are ideally suited to create diversification away from paper assets for the long term investor.
The primary objective of virtually all Gold IRA investors is long-term preservation of wealth – and a precious metals IRA is a safe, stable, and powerful vehicle for maintaining long-term asset growth. To further maximize the safety and security of your investment, all physical precious metals are kept in an IRS-approved depository until the owner reaches retirement – at which point they can be shipped directly to you, or easily converted to cash. Also, keep in mind that transferring or rolling over your existing retirement account to a Gold IRA is a tax-free transaction.
Why should you consider Gold for your IRA?
As an asset class, precious metals (such as a Gold IRA), offer a number of benefits over other common investment choices. Gold’s benefits include a history of financial stability during economic downturns, better insulation from currency devaluations, and a fixed supply that can’t be changed in the foreseeable future. Read below for more information about how gold compares to some other popular investment classes.
Gold vs. the Stock Market: When it comes to retirement planning, the name of the game is risk versus reward. After all, the most important retirement goal is ensuring that your hard-earned money is preserved, and available to you when you stop working. Smart investors, with the future in mind, partner with us when they want to protect their retirement funds from the volatility of the stock market, and diversifying your portfolio with precious metals is key in achieving that peace of mind. Keep a portion of your money out of the stock market by investing in a powerful and stable option – precious metals.
Gold vs. the U.S. Dollar: Many investors today are alarmed at how quickly the dollar is losing purchasing power due to inflation and the government’s Quantitative Easing (QE) programs. The consumer goods we buy on a day-to-day basis, such as food, clothing, and gasoline, require a greater number of dollars each year to buy. That means that even while your money is safe in the bank, or other interest-earning account, its purchasing power is constantly being reduce as the government dilutes its value through the printing of additional money. While most investment vehicles are in one way or another tied to fiat currency (meaning they are subject to the same fluctuations in value as everyday goods) gold has long been considered a powerful hedge against inflation and a means to protect – even improve – purchasing power over time.
Gold vs. the National Debt: The national debt is massive, and only expected to keep on growing. At current levels many believe the national debt has become unstable and unmanageable, which has historically result in panic setting into the market in many global theaters. Physical assets like gold are considered by many to be immune to most market cycles and are a hedge against market uncertainty – crucial when protecting your retirement plan.
Experience A “Hassle-Free” Gold IRA Transfer
As a pioneer in the Gold IRAs, our goal at American Bullion is simple – to make access to a Gold IRAs, and other precious metal investments and Individual Retirement Accounts a simple, hassle-free process. Our experienced team of professionals is well versed in all of the common pitfalls and penalties associated with shifting your retirement savings, as well as the questions and concerns that investors have. We will empower you to make an informed decision, and take control of your future.
If you currently have an IRA, you can move some (or all) of it to your new self-directed Gold IRA using a process known as a direct transfer. Once you’ve made your decision to complete the transfer, one of our Precious Metals Specialists will expertly guide you through the process step-by-step, to make the transfer quick, easy, and ensure that your retirement account is fully compliant with federal regulations.
Common Questions & Facts on Gold IRA Investments
Our qualified experts speak to many concerned individuals each day, many of whom have similar questions about the rules governing their retirement accounts. Read below to learn more about precious metals and Gold IRAs.
Which accounts can be converted to a Gold IRA?
There are a variety of retirement accounts which are eligible for a Gold IRA conversion – however, ideal accounts include: Traditional, Roth, SEP, or Simple IRAs. Non-IRA accounts can also be converted to gold, accounts that may be eligible for a rollover include: 401(k), 403(b), 457(b) Deferred Compensation Plan, Pension Plan, Thrift Savings Plan, TIAA CREF, Non-Prototype IRA, and Beneficiary IRA. Consult with one of our helpful advisors for more information.
If you have any questions about the eligibility of your retirement plan, our qualified experts are just a call away.
How long have Gold IRAs been an option?
Beginning in 1998, the IRS granted investors the opportunity to hold a wide range of precious metal coins and bars within individual IRA accounts. Since then, countless investors and everyday citizens have taken advantage of the tax reductions, and portfolio stability that a Gold IRA account can offer. Today, Self-Directed IRAs can hold gold, silver, platinum, and palladium bullion coins, as well as American Eagle proof coins. Also bars that meet certain minimum fineness requirements are allowed.
What types of coins can be included in a Gold IRA?
Due to the importance of keeping your retirement savings secure, there are stringent requirements for quality and reliability of coins being included in a Gold IRA. The United States government only allows certain coins and bullion bar types to be placed in a Gold IRA account. This primarily precludes coins minted by some foreign countries or NGOs, however there are some exceptions. In addition to common bullion and coins, proof coins have also become an increasingly popular option for Gold IRAs. These coins are bought and sold with much higher premiums than regular bullion coins because they carry both collectible and bullion coin value due to their extreme quality and rarity.
Some of the most common IRA-permissible coins are:
- American Gold Eagle Bullion Coin
- Proof Gold American Eagle Coin
- Canadian Gold Maple Leaf Coin
- Canadian Silver Maple Leaf Coin
- American Gold Buffalo Coin
- Austrian Philharmonic Gold Coin
For a full list of IRA permissible coins and bars, contact an American Bullion precious metals specialist at 1-800-326-9598.
How long should I keep gold in my IRA?
Gold is traditionally viewed as a long-term investment. Investors should plan on maintaining a Gold IRA account long enough to allow it to grow in value and outpace inflation. Therefore, American Bullion believes the minimum holding period for gold and other precious metals should be at least 5 to 10 years or longer.
Where is the gold in my IRA kept?
American Bullion uses the privately-owned Delaware Depository – an IRS compliant (IRC – 408n) and exchange licensed precious metals custody and distribution center providing vaulting and shipping services to financial institutions, industrial companies, and investors worldwide.
Delaware Depository is a renowned site that carries a $1 billion all-risk insurance policy through Lloyd’s of London. This location uses state-of-the-art inventory control and reporting systems, dedicated security staff, and video recording of all activity around the clock. You can physically view your investment at any time, and the location is located far from major political and financial centers to minimize risk.
Some providers within the Gold IRA industry have been heavily advertising “home delivery” IRA accounts. While storing your gold at home can seem appealing at first glance, there are a number of stringent IRS requirements for this type of account. Click here to learn more about home storage Gold IRAs.
How do I liquidate my Gold IRA?
One of the great benefits of having a Gold IRA is that when you take a distribution, you can either take physical possession of your metals or liquidate them and take the cash value – the choice is yours. Liquidation is a very quick and simple process, and we can provide easy instructions to help. Contact us directly for more information.
Why choose the American Bullion Gold IRA?
American Bullion is the pioneer, and a trusted leader in Gold IRA retirement accounts. Clients benefit from our in-house IRA Processing Department that handles the entire IRA process – from initial funding to subsequent disbursements. We also have a team of qualified experts that can provide you with the facts needed to make an informed decision with your retirement savings.
Call 1-800-326-9598 for a complimentary, no-obligation consultation with a Gold IRA specialist and learn how to create a gold or silver IRA today.
Request your Free Gold Guide
Consult the complementary American Bullion Gold IRA Guide that brings information and visuals together to educate you on owning gold and other precious metals. You’ll find tips on Gold IRA investing – such as how to buy precious metals, which metals are allowed in specific IRAs, how to liquidate your metals, global factors that impact the precious metals market, and more. The Gold IRA Guide will show you why gold has remained popular for thousands of years. Safeguard your future with a Gold IRA from American Bullion – take the first step by requesting your Free Gold IRA Guide today. Call 1-800-326-9598 or by clicking here.