I decided that I would take the plunge in a pool of golden. Now, I need to decide where my IRA is going to buy the gold and what form. Due to the popularity of gold, it can be hard to find reliable information online. There are a few independent advisors. But not many. They are quieter than the majority of the gold brokers/dealers. Still, I was able to learn some basics and I will be able to make an informed decision from this list. Visit our website and learn more about best gold IRA.
Gold IRA investment options
Bullion Bars- These bars are physical, gold bars and can cost as much as ten times that of an ounce. Although my IRA is purchasing the gold, I won’t ever see the bar nor hold it. The physicality of the actual bar also holds a lot of weight in my decision.
Coins – This is a physical entity. However only certain types can be stored in an IRA. They can’t collectible and they don’t need to have proof. You can find out more about gold coins online. But make sure that they are not rare or collectible if the coins will be kept in an IRA.
Gold Exchange-Trade Funds (derivatives that track up and down the gold ounce price) No matter how simple it may sound, I won’t ever buy any derivatives from my IRA.
A gold certificate is a document that proves that an IRA has X quantity of bullion.
Mining Company Stock/Gold Mutual Funds. It’s self-explanatory. I don’t want stock manipulations right now, regardless if the company is involved.
You also have the option of buying what some call egold or digital golden. They are, to me, the same thing as bullion, since that’s where my IRA money is going.
I have my IRA set up to purchase gold as insurance. In essence, I want to diversify the risk and spread out the losses across different investment options. I don’t really want the cost of storage and transport for bars or coins. I don’t want stock and will not buy, trade or store anything made from the real stuff. I want the trading process to be quick and easy. I have decided to go with online gold trade.