I decided to plunge into a pool full of gold. Now it is time for me to choose where and in which form my IRA will purchase gold. 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 aren’t very 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 gold IRA company on our website.
Gold IRA investment options
Bullion Bars- These actual, physical bars of gold can run up to ten grand depending on how much gold they are worth. Although I would never be able to physically see or hold the bar, it is what my IRA bought.
coins – This is an actual physical entity. However only certain kinds of gold coins can go in an IRA. They are not collectible and do not need to be proven. The web has more information about gold coins – but be sure to verify that they are not rare or collectible if your goal is to have them in an IRA.
Gold Exchange-Trade Funds-derivatives to track the up-and-down of gold ounce values. It may seem simple, but I will never buy derivatives, whether they are within my IRA.
Gold Certificates- basically a document proving that your IRA holds X amount of bullion.
Mining Company stock/Gold Mutual Funds — Self-explanatory. I don’t want to mess around with stocks right away, regardless of what company they are.
Also, there are options for what some refer to as digital gold. I think they are the same as bullion bars because that’s where the money is going and that’s the thing my IRA is buying.
I intend to direct my IRA to purchase gold as insurance. In essence, I want diversification and to spread the potential losses among many investment forms. 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.