Does it matter whether an investment utilizes IRA-approved gold or not? A typical Individual Retirement Account (IRA) is becoming a more volatile holding as the global economy flounders. However, there is a great opportunity to hedge your portfolio by utilizing a precious metals IRA, such as a gold IRA.
Knowledge is crucial in gold investment, and Oxford Gold Group is passionate about educating people about securing and leveraging their gold assets. Do you want to ensure access to a reliable retirement fund or savings account as the global economy becomes uncertain? You need IRA-approved gold deposited in an IRA-approved storage facility.
An IRA allows you to hold a litany of alternative assets, including precious metals, but these accounts do have legal limitations. Part of dealing with gold or silver is determining which sources offer IRA-approved gold that is readily available. Past regulations limited IRAs to American Eagle silver coins and gold coins, but today’s IRAs are far more flexible.
Now, these investment vehicles allow IRA-approved gold, silver, palladium, as well as platinum bullion, coins, or bars. Unfortunately, many commemorative coins and other types of widely distributed gold do not meet the fineness standards and other requirements. Gold sellers are persuasive in trying to get you to buy gold that is not eligible for an IRA, and it is important to understand the implications.
Below, the Oxford Gold Group breaks down everything you need to know about acquiring, investing, and storing IRA-approved gold. Feel free to reach out to our precious metal investment professionals today to learn more about gold, silver, palladium, and platinum bullions and coins.
Due to the Taxpayer Relief Act of 1997, precious metal holding has expanded to include a variety of coins, bars, and bullions. However, the metal must follow STRATA regulations to qualify as a type of IRA-approved precious metal. The minimum requirements include:
IRA-approved gold coins and bars require a .995% purity level to be eligible for investment. Oxford Gold Group’s experts outline the most popular gold bullions and bars available below for a better sense of what we can invest for you.
The United States markets circulate plenty of IRA-approved gold coins, so keep your eyes open for gold sellers that offer these types of coins:
Investors have a myriad of gold coins and bars available as IRA-approved gold, including the popular choices we mention above. The choice can be simpler with our specialists on board, so feel free to reach out to Oxford Gold Group for help choosing or identifying gold coins that may be IRA-eligible.
Commemoratives, numismatic items, and rare collector’s coins generally tend to be ineligible for IRS or IRA-related investments. The following bullions and bars are extremely popular but may not be acceptable for all IRA investment vehicles for various reasons:
Be wary of precious metal IRA dealers who attempt to sell you these coins for the purposes of investing in a gold IRA. Either the seller is not knowledgeable enough about the IRA and IRS-approved standards, or they have nefarious intentions. These coins often miss the purity standards for IRA-approved gold or silver, and Oxford Gold Group’s professionals will be happy to tell you more about whether your coins are eligible.
Gold and silver investments present several advantages over traditional investment vehicles. Below, Oxford Gold Group explores a gold IRA’s potential for growth, security, and storage.
There are so many options for investing online, whether in stock markets, cryptocurrencies, or a tangible asset. Gold provides both stability and portfolio diversification for individuals looking to safeguard their wealth over time. It also appeals to institutions like banks, governments, and businesses.
A retirement investment in a precious metals IRA can prove considerably beneficial. Unlike a 401k or similar retirement accounts, the dollar does not support any IRA-approved gold account’s contents; dollar depreciation will not affect your stored gold’s market value.
Many investors turn to gold, silver, and other precious metals when the dollar loses value, and investing early will put you ahead of the rising price point. Likewise, gold demand increases with rising inflation, typically leading directly to an increase in the gold price. Gold IRA investors stand to benefit significantly from these two market forces, especially if they began investing earlier in life.
Why is an IRA useful for reaping a more substantial return on investment? You protect your assets from the inflationary effects (including dollar depreciation) and safeguard your portfolio’s progress in the long run. Oxford Gold Group’s specialists strongly recommend that all our clients secure as much gold as they can; each ounce will count instrumentally toward the future.
Market experts predict gold could increase considerably within the next decade, while global mining companies estimate that humankind will have mined all gold deposits on Earth in the next two decades. It is one of the best times in history to hold gold as an asset or retirement investment for its physical durability and exceptional value retention.
A precious metal IRA gives you the combined benefits of holding onto physical gold and receiving tax benefits from your government-approved retirement account. Oxford Gold Group can help you find IRAs that keep your gold in a highly secure depository until the day you decide to retrieve distributions. We can also talk you through adding many other investment types to your precious metal IRA, supplementing it with stocks, mutual funds, real estate, mortgages, and more.
Many investors utilize IRAs for retirement savings while maintaining additional reserves at home for safekeeping. It is a personal process that will differ from person to person depending on their financial goals and resources.
Oxford Gold Group’s professionals know everything there is to know about gold investing, as well as other precious metals. A pre-planned retirement is one that promises comfort and flexibility to enjoy life as you always imagined. IRA-approved gold investments help secure that future.
Call Oxford Gold Group at (833)-600-GOLD today to chat with our experts about savvy investing in IRA-approved gold.
INSIDE THIS INVESTMENT GUIDE YOU WILL LEARN:
• How Gold & Silver can protect your savings & retirement accounts
• Types of Gold & Silver products available for Home Delivery
• How a Gold & Silver IRA can protect your Retirement account