The reason why gold enjoys a special status as an investment vehicle has been discussed ad infinitum. Most often the discussion revolves around the financial aspect of including the noble metal in a portfolio. The monetary gain is only partially responsible for the magic spell that gold casts on people worldwide. The cultural and psychological …
Table of Contents Add a header to begin generating the table of contents The appeal of gold as a store of value is almost as old as mankind itself. Throughout human history, gold is one of the precious metals that managed to maintain the charm undiminished. In fact, it has only grown more. The allure …
The Internal Revenue Service viz Section 408 (a)(2) mandates the role of a trustee or a custodian in administering the trust fund of an Individual Retirement Account. A trustee/custodian is essential for the management of a self-directed IRA, as the account owners are not allowed to take personal possession of the IRA assets at any …
Gold IRA Custodian: Rules, Responsibilities, Reviews and More Read More »
When you change jobs, it is a common practice to roll over the funds and assets in the old 401 k plan to a traditional or Roth IRA. This is a simple technique to keep your retirement savings in one place and avoid the expenses and hassle of managing and maintaining multiple retirement accounts. However, …
Precious metals have enjoyed the status of currency and store of value for ages. In recent times, we rediscovered its investment potential when the economy went through a rough patch. One feature that sets them apart from other investment tools such as stocks, bonds, futures, and mutual funds is the way they perform in any …
To invest in physical gold, the choices open to you are gold bars and coins. Gold coins may be more attractive for a variety of reasons but their manufacturing and packaging costs are considerably more than gold bars, driving their price up. This leaves us with gold bars, the most economical choice to invest in …
The economic uncertainties are driving the popularity of Precious Metals IRA, specifically Gold IRA. Taking advantage of this trend, many gold dealers are running advertisements in the media offering ‘Home Storage Gold IRA’. This is confusing the minds of investors. Is it even legal? Let us do some fact check. What the IRS says about …
The value of gold as an investment tool is proven over time. Its intrinsic value, excellent liquidity, and its use as a hedge against inflation and currency devaluation are beyond doubt. Gold is considered a haven for investment because of the way it balances a portfolio during economic turbulence. Retirement accounts approved by the Internal …
Gold is the go-to investment option for people from all walks of life, especially in times of crisis. The reason for this is simple enough. During an economic downturn or even a hint of it in the near future, when all other assets start to go down the hill, gold will shine brighter and brighter. …
Worried about tumbling dollar and looming economic depression? Feeling like sitting on the sidelines when the gold price is going through the roof? Want to join the modern ‘Gold Rush’ and invest in physical gold? If you are a retirement investor with an Individual Retirement Account (IRA), more often than not this is not an …