Tag: IRA

What is a Gold IRA?

A Gold IRA is a type of retirement account by which physical gold or other precious metals are held in custody for the benefit of the IRA account owner. It works like a regular IRA but instead of using paper assets, The IRA holds bullions and coins. So basically, Gold IRA is a type of investment vehicle used to save for retirement by buying or holding gold bullions and other approved precious metals. with your traditional or Roth IRA, you stash your savings in the form of stocks, bonds or mutual funds.  In a Gold IRA, you use precious metals. You can also own many other precious metals aside from […]

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New Warnings on Risky “Self Storage” Gold & Silver IRAs

New Warnings on Risky “Self Storage” Gold & Silver IRAs

Bullion investors buy gold and silver as a matter of self-reliance. Physical metals aren’t dependent upon the promises of financial institutions, governments, or other third parties. This lack of counterparty risk makes precious metals quite different from most conventional assets. There is no possibility of a default or mismanagement which renders them worthless. That is a lot more than can be said of securities such as stocks and bonds. Recently a few firms promoting “self-storage” precious metals IRAs have been trying to exploit the self-reliance streak running through bullion investors in a manner that could cause significant harm. These firms offer a scheme to circumvent IRS rules which require IRA […]

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Considering Switching Your IRA – Make Sure You Do It Properly Or It Could Be An Expensive Decision

Considering Switching Your IRA – Make Sure You Do It Properly Or It Could Be An Expensive Decision

The fact that you are reading this post shows that you are a focused individual who cares about their retirement. This may seem like a strange comment to make, but the vast majority of workers simply pay in money to their retirement accounts and let their chosen company manage the investment. In our opinion, this is a bad idea, even if your chosen company is doing an excellent job at the end of the day that money is still your retirement pot, and nobody else will care as much about it as you do. With the recent volatility in the stock market, many people have been contemplating switching at least […]

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There Is Only One Right Way to Do a Precious Metals IRA

| September 13, 2016 | Category: Investing
There Is Only One Right Way to Do a Precious Metals IRA

A small handful of outfits in our industry recently sprang up and started heavily promoting a so-called “self-storage” or “LLC” IRA. The pitch is for you to establish an LLC company to store the metals on behalf of your IRA in your home (or nearby). At first glance, it sounds like an attractive option. Investors buy metals to increase privacy and control. Some do not want to rely on third-party vaults and would prefer having personal access to their metals 24 hours a day, 7 days a week. We totally agree with this sentiment when it comes to precious metals that you personally and directly own. But anyone considering this […]

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