Hello and welcome everyone to SpotGoldIRA.com. Whether you are new to investing in gold or already a seasoned pro, I would like to provide some thoughts for you to take away from this site to help you when investing in precious metals, such as gold and silver.
Quick history on Gold and Silver
In 1971, President Richard Nixon ended the gold standard due to his distrust of the Federal Reserve, thus stopping the US Dollar to Gold exchange. To learn more about this, check out the Bretton Woods system. This effectively allowed the US to print as much money as it wants to, with a simple promise to pay by the US government, this is known as via fiat money.
Today, the price of gold costs between 20 to 60 times that of the price of silver. Now, I will start off, going over the most frequently asked questions:
What is Hedge for inflation?
Simply put, when people are concerned about economic and geopolitical instability between their country and other foreign countries, they will invest in commodities, such as gold and silver, to offset other investments like stocks and Bonds.
What is an IRA?
It is an Individual Retirement Account that basically allows you to invest your money in several different ways depending on how you wish to treat your income. You can pay tax upfront or delay the amount that you pay. I shall dig deeper into this later on when I go over Traditional, Nondeductible IRA, ROTH IRA investment, SEPs, Physical Gold IRA Rollovers, Gold IRAs, Silver IRAs, Thrift Saving Plans, etc…
Which One Should I Buy?
Well, only you can make that decision. However, what I can tell you is that most respected investors allocate between 5% to 15% of their portfolio into gold and silver assets. Note, with Regal Assets you can purchase precious metals and have the physical bullion send to you directly, or you can choose to purchase with a IRA to Gold.
How is the Gold and Silver Stored?
While you can purchase precious metals and hold it at home or at the bank. You can also hold these assets in an IRA through Regal Assets.
What is a Safe Haven Investment?
Investors will consider investing in assets such as gold and silver offset their investments in other assets such as the equity market (stock market), bond market, or real estate. Also, usually when there is a lot of volatility in the currency markets and investors are seeking some other form of security to better balance their portfolios. It’s common to find during this time of market uncertainty, that stock investors are worried and tensions putting upwards pressure on the bullion market.
What Can Affect the Price of Gold?
As mentioned briefly, some will say that speculations on interest rate increase has a positive correlation effect on gold of price traditionally, however I don’t believe this can be backed up past the 1970s. What we can say today is that with a subsequent rise in bond yields and weakness in the U.S. dollar is that it the demand that pushes gold in to a bullish market.
Note, with Regal Assets you can purchase precious metals and have the physical bullion send to you directly, or you can choose to purchase with a precious metals IRA.
How Do I Setup a Precious Metals IRA (aka a Gold IRA)?
See Real Assets for the latest information on purchasing coins and bars through a IRA. This can include investing in gold, silver, platinum, and palladium.
Note, this is just some of the many types of bullion you can buy.
1 oz. Gold Bar
Silver Austrian Philharmonic
Gold American Eagle
Gold Canadian Maple Leaf
Gold South African Krugerrand
1 kl. Silver Australian Koala
Platinum Canadian Maple Leaf
10 oz. Palladium Bar
With the flat rate of $150 per year, regardless of your account size, and the precious metals are stored separately and independently audited and verified and administration fees yearly of $100. So, total of $250 per year for administration fees and storage. In addition, they are fully insured for the total value of your account. Lastly, on Regal Assets has storage vaults in Salt Lake City, USA, Toronto, Canada, Singapore, Dubai and Hong Kong. With +100 other vault locations.
What Can Affect the Price of Gold?
Has mentioned briefly, some will say that speculations on interest rate increase it has a positive correlation effect on gold of price traditionally, however I don’t believe this could be backed up, and beyond the 1970s. What we can say today is that with a subsequent rise in bond yields and weakness in the U.S. dollar is that demand that pushes gold in to a bullish market.
What is Gold Spot?
It is the spot price of gold based on the current market value of 1 troy ounce of gold, with a final settlement price per ounce of the COMEX and NYMEX of the futures exchange.
What is a Premium?
This is the final amount added to the spot price which common for gold companies to pass along this cost of acquiring the specifically commodity.
What is Bullion?
Bullion is gold and silver, and precious metal coins and bars. The word bullion is from the French Minister of Finance under Louis XIII, Claude de Bullion.
My Top Pick
Overall, you should have a much clearer idea about the history of gold, what a Precious Metal IRA (aka Gold Retirement IRA) is and some of better terms to know in investing. You know now what options you have in investing in bullion and/or a Gold IRA. We shall go into more detail on the types of Individual Retirement Accounts and the various gold and silver that you can use to purchase To learn more to pay a visit to Regal Assets (There is no cost to ask questions – you can only be better for it).
So, I hope you liked, and this, and will say I do get paid to recommend them, and gladly so since I have bought from them physical gold and silver and been happy with my purchase.
So, if are looking to invest in a Gold IRA: