I decided to plunge into a pool full of gold. Now it is time for me to choose where and how much gold my IRA will purchase. With gold being such a hot topic, it can be very difficult to search the internet for impartial information. While there are some independent advisors out there, not many. And unlike many of the other gold brokers/dealers, they are not loud. I did learn some basics, and I will make my final decision based on this list of gold investment suggestions. You can see best way to invest in gold on our website.
Options for investing in gold IRA
Bullion Bars are actual, physical gold bars. These can run up to ten million depending on how much gold is worth. Although I know that my IRA will purchase the gold, it would never allow me to see it, hold it or store it. However, the physicality of a bar is very important in my decision (pun intended).
Coins – again, a physical entity. Only some types of gold coins are allowed to be held in an IRA. They are not collectible and do not need to be proof. The web has more information about gold coins – but be sure to verify that they aren’t rare or collectible if your goal is to have them in an IRA.
Gold Exchange-Trade Funds: Derivatives that track changes in gold ounce values. It may seem simple, but I will never buy derivatives, whether they are within my IRA.
A document that proves that your IRA holds X amount of bullion, called a Gold Certificate.
Mining Company Stock/Gold Mutual Funds. This is self-explanatory. I don’t want to mess around with stocks right away, no matter the company.
E-gold, or digital gold, is also available. These are the same as bullion bars and what my IRA is buying.
My IRA is being directed to buy gold. This is essentially my plan to spread out potential losses and diversify the portfolio. I don’t want to pay storage or transport costs for coins and bars. I don’t want stocks. I won’t ever buy, sell, or trade anything made from the real thing. This should be an easy process. I want to trade anywhere, anytime. Online gold trading is the best option for me.