I decided that I would take the plunge in a pool of golden. Now I have to decide where and what form of gold my IRA is going to buy. Due to the popularity of gold, it can be challenging to find reliable information online. There are a few independent advisors. But not many. They’re quieter than many gold brokers/dealers. I was able to learn some basics and will now make my investment decision from this list. You can see best gold investment on our website.
Investment options in Gold IRAs
Bullion Bars- These bars are physical, gold bars and can cost as much as ten times that of an ounce. While I won’t see the bars or keep them, my IRA would buy the gold.
Coins – These coins are a tangible physical entity. However only a few types of gold can be stored in an IRA. They cannot be considered collectibles and they do not have to be proof. For more information, you can visit the website. If they will be kept in an IRA or other financial institution, be sure that they aren’t rare and collectible.
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 anything derivative within my IRA.
Gold certificates – basically a document proving your IRA owns 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.
There are other options, such as e-gold (or digital gold). 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 for insurance. In other words, I want to diversify the risk and spread the losses across different investment options. I don’t really want the cost of storage and transport for bars or coins. I don’t wish to buy stocks. And I will never, ever trade or buy anything derived directly from the real thing. I want the process to be simple and to be able trading at any time and without hassle. Online gold trading appeals to me.