I decided to jump into a pool with gold. Now, I need to decide where and in which form my IRA will invest in gold. Finding impartial information on a topic so hot as gold can be difficult. Although there are some advisors who can help you, there aren’t many. They are quieter than many of the gold broker/dealers. Still, I learned some basics and will be able to make an informed decision from this list. Visit our website and learn more about gold ira storage fees.
Gold IRA investment opportunities:
Bullion Bars are real, physical gold bars. These can go for as high as ten million depending on the gold price. My IRA is buying the gold. As such, I won’t ever see the bar, nor hold it, or store it. However, the physicality of the actual bar has a lot of weight in my decision (pun intended).
Coins – A physical entity. Only certain kinds of gold coins may be stored in an IRA. They can’t be considered collectible and they don’t have to be legal tender. For more information on gold coin, visit the Internet. However, if they are to be kept in an IRA, make sure they aren’t rare and collectible.
Gold Exchange -derivatives, which track the change in gold ounce value. Let me be simple: I’m not going to buy any derivatives in my IRA.
Certificates of Gold – essentially a document proving the IRA owns X quantity of bullion.
Mining Company Share/Gold Mutual Funds Self-explanatory. I don’t like to play with stocks at the moment, no matter which company.
You also have the option of E-Gold or Digital Gold. These are, to me, the same thing as bullion, since that’s what the money’s going to, and that’s exactly what my IRA’s actually buying.
I have my IRA set up to buy gold. This is insurance. It’s a way for me to diversify and spread possible losses across different investment options. I don’t need to pay for storage or transportation of coins and bars. I don’t want stock and will not buy, sell, or trade anything that is derived from it. I want the trading process to be quick and easy. I am going to online gold trading.