Articles Categorized in: Blog

Can I Buy Gold Bullion in an IRA?

Gold has long been seen by investors as a safe haven asset and store of wealth, but investors should bear in mind that physical precious metals must be stored at an IRS-approved depository facility. American Bullion’s expertise lies in Gold IRA rollovers and they provide expert guidance through each stage, helping ensure compliance with IRS regulations and helping select precious metals that best suit your investment portfolio. In addition, American Bullion provides secure storage facilities. Taxes Gold IRAs offer investors...
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Can You Buy Physical Silver in an IRA?

Physical silver can help safeguard your retirement portfolio against market downturns, and this can be accomplished using a self-directed IRA that allows you to hold physical precious metals. To establish an Individual Retirement Account (IRA), you must have earned taxable income and locate a reputable precious metals IRA company that offers eligible silver bullion products, with outstanding customer reviews, full insurance coverage, and secure storage. Tax-free investment Silver can be an attractive tax-free investment depending on how it’s acquired. Many...
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Can You Contribute to an IRA If You Are on SSDI?

An Individual Retirement Account, or IRA, is a tax-deferred savings account available from brokerage firms, mutual funds and banks. Before opening one of these accounts, compare management fees, commissions and minimum opening requirements until you find the provider best suited to you. SSDI payments may be invested in either a Roth or traditional IRA if they meet IRS earned income requirements of $5,500 to $6,500 per person; however, it’s important to keep in mind how these investments might impact SSA...
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Which is the Best Gold ETF to Invest In?

Gold ETFs provide investors with a cost-effective, convenient and easily traded method of gaining exposure to this precious metal without needing to store physical bullion themselves. Furthermore, they provide liquidity by being traded on stock exchanges throughout each trading day allowing buyers and sellers to trade continuously and smoothly without hassle or need for storage space. SGOL provides high transparency by holding its physical-backed gold bars in vaults in London and Zurich, and providing access to their list via its...
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How Does the IRS Know You Sold Gold?

Precious metal dealers must report certain sales of bullion to the Internal Revenue Service to prevent money laundering and inform the public on its profitability. This requirement helps protect consumers by informing them about which coins and bullion may be profitable investments. Investors may wish to sell precious metals anonymously for various reasons, but it’s essential that they understand that reporting guidelines are determined by the dealer or broker and not by the buyer. The Dealer or Broker Many investors...
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