Investing in goldhas been on the rise in the past few years. Even during the 90’s there were many commercials on TV that told investors to switch. Had they listened in those days, they would be sitting on a pretty large retirement fund. Unfortunately, during the last decade, the world has been racked by problems in the market, and a lot of good people lost almost everything they had worked for. Investing in goldhas the potential to keep your portfolio solvent, but what is the best way to do it?
Many investors are buying gold bullion to hedge their portfolios. This method is extremely effective, yet it is still a bit risky if you are living in a “high crime area”. If you are investing in goldand keeping it on your own property, you need to make sure that it is in a secure safe that is bolted to the floor. Many insurance companies will not insure an asset like gold, so you need to make sure that you are keeping your nest egg safe.
However, the advantage to buying gold in this way is that you will be able to buy and sell very quickly. In most cases, you can move your gold in just a few days. On the same token, the IRS has no real idea just how much gold you have. Of course, you will have to report it as income, but that is under your control.
The Gold IRA is an interesting option for a retirement fund in that it is curiously flexible by nature. Of course, an IRA will keep you exempt from taxable income tax and other gains taxes. This is even allowed by the IRS, and the only tax you will ever have to pay is when you liquidate your assets as you retire. This is perhaps one of the most stable ways on how to invest in gold.
It is crucial that you go through a company that has done Gold IRA investment for years. If you attempt to roll over your 401k or IRA to a Gold based IRA in a company that does not regularly work with that type of an asset, then you might be placing your retirement at risk. The key to investing in goldin this way is to utilize a company that has a long track record of doing secure Gold IRA rollovers.
One of the biggest benefits of utilizing gold as an IRA is that if you currently have a 401k or something similar, you can roll that over with amazing ease. There are only a few minimal fees involved and there are absolutely no taxes.
How To Go About Gold Investing
The best way to go is to always use a company with a proven track record. If you are using a “fly-by-night” operation, you might not get what you bargained for. To learn more about how to get into investing in goldthen contact Regal Assets for a Complimentary Gold Investing Kit.