The gold IRA refers to an Individual Retirement Account (IRA) which holds physical gold in the custody of a trustee for the benefit of the account holder. This is different from the typical IRA account that holds stocks and mutual funds in that it is used to hold gold as well as other precious metals. It was created in 1997 by the U.S. Congress.
Precious Metals IRA
You can keep gold, silver, palladium or platinum in your precious metals IRA. The precious metals in your IRA must meet certain finesse standards and must be stored in a IRS approved facility.
Our most popular gold includes the Goldco Exclusive UK Gold Lunar Year of the Rooster and the 1/4 oz 2017 Gold Australian Saltwater Crocodile.
Our most popular silver are the Goldco Exclusive Silver Britannia Lunar Privy and the 1/2 oz 2017 Silver Australian Crocodile.
Platinum metals can also be stored in the account. These include the American Platinum Eagle Coins and the America Platinum Eagle Proof Coins. Others include The Isle of man Noble coins and the Australian Platinum Koala coins. Lastly, palladium metals that can be stored in the account include palladium bars and the Canadian Palladium Maple Leaf coins.
Consult with your expert at Goldco today to learn more about how to safeguard your earnings.
Benefits of a Precious Metal IRA
Many investors, collectors and individuals use precious metals to save their wealth. The gold IRA is more stable compared to other accounts. The worth of precious metals is fairly consistent, despite the trends in the economy.
- The precious metal must meet the set fineness standards.
- It can only be held by a trustee instead of by the IRA owner.
- Must be stored in a depository approved by the IRS.
Traditionally the process of getting a gold IRA was challenging. As a result, few people were willing to use it as a way of investing. However, after the recession in 2008, it became more popular, and many investors have now included it in their portfolios. Our team at Goldco Precious Metals is waiting to help you make the smart choice with your gold IRA today.