Gold IRA Investment
Tips on Buying Gold
Buying Gold - Tips on Cost
Most small Investors will have no doubt been aware of the recent rise in the price of gold. Like all forms of precious metals, the higher the price, the more attractive and alluring it becomes - even though one can buy less for the same money. This yellow metal has throughout the centuries been the one form of investment that has maintained its purchasing power. For this reason, the purchase of: gold bullion, gold futures, gold coins, ETFs, and more recently Gold IRAS, has become increasingly popular. So much so, that many people considering their retirement have undertaken Gold IRA Rollovers to preserve wealth against a declining dollar and currency devaluation.
When purchasing gold, like all investments, there are associated costs, and anyone considering an investment of this kind, should take the following into account:
Gold Spread: This is the difference between the buying and selling price set by the bullion dealer. The price advertised on-line or in the National Newspapers is the “Spot Price” and the dealer will purchase from you a few percentage points below ‘spot’ and sell to you a few percentage points above ‘spot’ price. Depending on the size of the purchase/sale and the size of the dealer, this may represent anything from 5% - 10%. (Many householders have been tempted to sell their gold to high street or ‘post only’ dealers who may have a spread of as much as 50% - and these really should be avoided).
Gold Storage Costs: When purchasing physical gold or bullion, it needs to be stored in a safe place to protect against theft. Generally this will involve a Bank’s Vault or Security Box or a specified Storage Unit designed for that purpose. To provide such a facility naturally incurs a charge which may be monthly or annually. In the case of a Gold IRA or precious metal IRA, the custodian will take care of this, again at a fee. These costs vary considerably, and should be compared and taken into account.
Shipping and Insurance Costs: Once the precious metal has been purchased, it has to be transported to the Secure Storage facility, which may or may not be in the same country. Naturally, the transport costs and inevitable insurances associated with the transport have to be assessed and borne into the overall cost equation.
Taxation: This will vary from country to country; in the USA for example, Sales Tax is charged, and in the UK VAT (much of gold is exempt but not all, whereas silver is subject to VAT). Capital Gains Tax may also apply to any profit or gain, however, one of the key benefits of a Gold IRA is to either defer or eliminate such a charge – the reason why they have increased considerably in popularity. A layman, looking at this may ask, ‘with so many costs, is an investment into precious metals like gold, silver or platinum, really worthwhile?’ When one considers the gains – especially the medium to long term gains – in their price and value, the answer is an almost inevitable Yes. Tax benefits exist for retirement accounts, and gold is always purchased as a hedge against inflation.
In conclusion, whether one is investing directly into gold, or a gold IRA or an IRA Rollover, costs of acquisition have to be borne in mind. So too should security, tax incentives and of course performance in value. With this in mind, any investor should consider dealing with a highly positive rated company, with a good track record and reasonable charges.
If you're ready to venture into the world of gold investment then your first port of call should be Regal Assets - the Official Online Gold IRA company where you will discover all of the resources you need to set up your own precious metals IRA, as well as a personal service that is second to none. To start on your path to personal prosperity right now just click below to request your FREE Complimentary Gold Investing Kit containing all of the vital knowledge and resources you will need to start investing in gold with confidence.
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Gold is the most obvious and most popular choice of the preferred precious metals and has always been regarded as the most coveted metal to own.
A gold IRA can be used as a further hedge against the nighmare scenario of losing some or all of the value of your retirement plans. It can also provide added protection against losing the value of your hard-earned cash or savings over the coming years of financial uncertainty.
This site is dedicated to providing valuable information and solutions for those who have an interest in adding gold to their portfolios or retirement funds by using a Gold IRA Investing or Gold Backed IRA Strategy.
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There are two primary types of Gold IRA: Gold Roth IRA and Traditional IRA.
The main difference between the two is that money added to a Gold Roth IRA is taxed at the time it is added to the account and distributed tax-free when withdrawn. Whereas money added to a Traditional Gold IRA is tax-free when added and taxable when the investor withdraws the money from their account. Gold IRAs
are bound by the same rules as other IRAs; they simply use precious metals as the investment asset in the account. Other types of Precious Metal IRA include Platinum, Palladium and Silver IRAs.
Gold investing has become more popular in recent years as a result of the global economic downturn, inflation, and the fact that it is now easier than ever to set up your own precious metals ira. Gold IRA Fund
provides you with valuable info and resources covering all aspects of gold ira investment - including gold ira rollovers and the benefits of investing in precious metals like gold. Plus we’ll provide you with the ability to start investing in gold safely and confidently by introducing you to the most trusted and highly respected gold investment company operating online today.