Gold as an investment offers numerous advantages, including diversification and protection against economic downturns, but it does come with certain drawbacks as well. First and foremost, unlike standard IRA investments, physical gold does not yield dividends or interest payments, meaning no tax-advantaged income from your investment. Taxes As well as incurring higher account fees, expect to incur storage and insurance fees for your gold holdings. Shipping costs could also apply if you decide to receive physical coins or bars as...
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If you want to add physical precious metals to your IRA, a Self-Directed Individual Retirement Account (SDIRA) must be used. All gold coins and bars eligible for inclusion into an SDIRA must meet certain purity standards set by the IRS. Coins and bullion must be stored at an IRS-approved depository facility that charges storage fees. Australian Lunar Series Coins Australian Lunar Series Coins are an attractive investment choice for precious metals investors. These coins celebrate the 12 animals featured on...
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Selecting an IRA trustee is a key element of legacy planning for an IRA owner. Your selection should reflect what’s most important to you in terms of control, asset protection and tax deferral. An IRA trustee can be any bank, financial institution, or licensed trust company; alternatively the trust can also be left with a look-through trust. Trustee Definition Anyone can act as trustee, provided they understand their role and adhere to the instructions outlined in a trust document. In...
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Gold can provide investors with both safety and long-term returns over time. Investors with long investment horizons can take advantage of gold’s potential by purchasing it and reinvesting its quarterly dividends. Investors may invest in physical bars and coins or gold-backed crypto offerings like Kinesis Gold; however, these investments don’t generate as much income compared to stocks or bonds. Precious metals are a form of wealth preservation Precious metals are an attractive wealth preservation investment for several reasons. They’re considered...
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Gold can be invested in through many avenues, from buying physical bullion to investing in shares of gold mining companies. One popular means to gain exposure is via GLD – the SPDR Gold Shares ETF. GLD is the largest physically-backed gold exchange-traded fund on Wall Street with an estimated market cap of $42 billion. What is GLD? GLD (SPDR Gold Trust) is one of the world’s most beloved exchange-traded funds. Physically backed by real gold, its shares trade on the...
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