Why Invest In Gold IRA Now?
A Gold IRA is a type of IRA that allows the investor to own physical gold, silver, platinum and palladium instead of paper-based assets such as cash, stocks and bonds. It was created by Congress in 1997, says Edmund C. Moy, chief strategist for Fortress Gold and former United States Mint director, who watch over the largest production of gold and silver coins in the world. If you are in a
To qualify as gold that can be held in an IRA, many condition are required. “The valuable metal coins or bars must meet IRS fineness standards and must be held by the IRA trustee in place of the IRA owner. The gold must be stored in an IRS-approved store.
Why Gold IRA?
Gold IRAs appeal to investors who want a diversified retirement portfolio. Traditional and Roth IRAs invested in stocks or mutual funds are susceptible to price rises. “Because gold prices generally move in the opposite direction of paper assets, adding a gold IRA to a retirement portfolio provides an insurance policy against price rises,” says Moy. “This balanced approach smooths out risk, especially over the long term, which makes it a smarter choice for retirement investments like IRAs.”
What is Gold Spot Price?
The spot price of gold is the most common standard used to gauge the going rate for a troy ounce of gold. The price is driven by speculation in the markets, currency values, current events and many other factors. Gold spot price is used as the basis for most bullion dealers to determine the exact price to charge for a specific coin or bar. Many factors influence the spot price of Gold. Gold prices change every few seconds and there are an unlimited number of components that play a role in the price of Gold. Some of the reasons for changes in Gold prices include:
- Current events
- Market speculation
- Currency values
- Supply and demand
- Buying power
Large units and governments typically have considerable buying power and can impact the price of Gold per ounce and the Gold market. If a government makes a large Gold purchase, their demand for the product could affect Gold markets directly. Supply and demand determines prices for commodities and the price of Gold is no exception. For investors who buy and sell Gold regularly, staying current with change in the market is vital to financial success.
What are the different types of gold bullion?
Gold bullion is available in the form of coins, rounds, and bars. Gold coins are different from the other two choices in that they are produced only by government issues and carry a face value in their country of origin. Many countries throughout the world produce their own gold coins of a wide range of designs and sizes. Gold bars are produced by private mint and are usually found in a wider selection of sizes than that of coins.
If you by now have an IRA or 401(k), either regular or Roth, you have the option of rolling over some or all of your investment into a gold IRA. With 401(k)s, rollovers usually are permitted when you change jobs (and have to decide what to do with retirement money at the employer you are leaving) or when you retire. With an IRA, you can switch to a different guardian more freely.
Contributing for a spouse
A Traditional IRA contribution is fully deductible if your income is under a definite level or if you (or your partner) don’t have an employer-sponsored retirement plan. If you (or your partner) do have a 401(k) or pension plan, the tax-deductible portion of your IRA contribution may be limited. While you can contribute to an IRA for a partner who isn’t working (as long as you file a joint tax return), the total contribution for both you and your spouse can’t go beyond your joint taxable income or double the annual IRA limit, whichever is less.
Physical IRA Ownership of Precious Metal Coins and Bullion
The Internal Revenue Code allows IRAs to own firm gold, silver and platinum coins, as well as gold, silver, platinum and palladium bullion that meet applicable fineness standards. For example, an IRA can own American Gold Eagle coins, Canadian Gold Maple Leaf coins, American Silver Eagle coins, American Platinum Eagle coins and gold and silver bars (bullion) that are 99.9% pure or better. Some well-known gold coins, including the South African Krugerrand, are off limits, as are bullion bars that are not satisfactorily pure. The coins or bullion must be held by the IRA trustee rather than the IRA owner. In other words, you can’t have your IRA buy coins or bullion and store them in your safe deposit box or secrete them in your backyard. These tax rules apply equally to traditional IRAs, Roth IRAs, simplified employee pension (SEP) accounts and Simple-IRAs. No problems so far.
The big issue with IRA ownership of valuable metal assets is finding a trustee that is ready to set up a self-directed IRA, handle the transfer of funds to the valuable metals dealer and make easy the physical transfer and storage of the coins or bullion. None of the major brokerage firms are willing to play, leaving only a handful of outfits in the game, including Regal Assets.
We have a recommendation for you and a set of question you should ask before hiring a Gold IRA company. The 3 top complaints of all metal companies are:
- Taken in by a fast” operator. Many people go away from companies that base their sales on a commission. That means they aren’t really looking out for you and your investment.
- Aggressive sales tactics lose more sales. Many people complain about the sales policy of companies that call and disturb you every day of the week. They are working for a commission and aren’t that concerned about your investment, which may be your entire life savings. They just want their commission.
- Precious metal companies set big store in profit margins. Again, they aren’t interested in your investment or rather they are, but only if you can increase theirbottom line.
Why Regal Assets over any other company?
Why should you choose Regal Assets over other companies? Four main reasons, experience, buy back agenda, planetary reviews, and asset preservation.
- For the target customers of IRA guardian such as Regal Assets, experience in handling IRAs is most important consideration since these entities would be handling funds that will support them in their retirement years. Regal Assets preservation is sensibly the other important anxiety. Given the continued volatility of the financial markets, safe place that ensure asset preservation are what most, if not all future retirees want.
- When purchasing valuable metals for your retirement plan, it is important that you have the ability to quickly pay a debt your metals when you need access to your capital. Regal Asset checks all of the boxes in this area, as they won’t charge you additional fees like other guardian do when you try to sale back your metals. They want you give profit as much as possible, so they will buy back your metals at the current spot price of that metal. Is this something that is very unusual in this industry and something that you should take advantage of.
- The thing you love about Regal Asset is they really care about their clients. They currently have some of the highest ratings and reviews in the entire valuable metals industry. They even beat out companies that have been in the industry for over 23 years. Testimonials giving by other customers are very important and something that you should spend some time researching before setting up a gold IRA account with any company.
- It is clear that Regal Assets checks all the boxes as far as these considerations are worried. They have the longest experience in the field of gold IRA’s and gold IS the ultimate safe place. On the basis of the requirements presented above, Regal Assets is in fact the only choice for those who wish to move their IRAs into gold.
Regal are found in Burbank, California and have been in business since 2003. They have an excellent reputation for customer service and feature favorably and significantly in most third party gold company reviews. They specialize in offering services to private investors looking to invest in valuable metals.
Regal have a dedicated Retirement Department for those clients looking for transfer or rollover their existing retirement plans into a Gold IRA and their experts have popularity for understanding all the procedures and tax advantages associated with any type of physical Precious Metals IRA.
You can deal with precious metals by rolling over your IRA or 401k to a gold or silver IRA account. However, most people are too worried about their assets including their portfolio to expand into gold or silver. They just haven’t found the right company to work with and that is why most people don’t work with their IRA accounts. Finding the right IRA company to work with takes a little time and effort to find.
Contribution Limits Unchanged
The total amount you can contribute to either a Roth IRA or a Traditional IRA remains unchanged at $5,500. People 50 and over can contribute an additional $1,000 for a total of $6,500.
Income Limits Bumped Up $1,000
You can only contribute to a Roth IRA, however, if your income is below a certain entry. For single filers in 2016, that income threshold starts at $117,000 (up from $116,000) and ends at $133,000 (up from $132,000). In that range, your contribution is limited, finally reaching zero. For married filers in 2016, that income threshold starts at $184,000 (up from $183,000) and ends at $194,000 (up from $193,000).
Reasons for investing in a gold IRA
Whilst the information provided here should help you decide if you want turn over into a gold IRA or not, it is not given as a recommendation and you should take professional advice so that you can make an informed decision based on your employment, financial and tax status as an individual.
The normal warning applies that past performance is no guide to future performance but at least by looking at how you might have charge with a gold IRA investment taken out in the past, you can at least get some feel for whether there is good possible to boost your investment portfolio.
If you had invested $20,000 into a typical gold IRA back in 2001, the value of that holding would have grown to over $160,000 by 2013. The figure was actually higher at some points in the intervening years and highlights the fact that investing in gold and investing in general, tends to reward those with patience.
This is maybe one reason why a gold IRA could be a useful part of your retirement investment strategy.
That’s why we recommend Regal Assets for the company to use for your investment. They will hold your hand through the whole process as their reputation is golden. Their testimonials prove they are an outstanding company. They care about you and your investment, not their bottom line.
Regal Assets care Plain and simple about your investment. Of course, they are a business and want the best for their profits, but they are very much concerned about your profit, as well. They will step you through their process and answer all your questions and concerns before you overturn your IRA account.
They like to hold your hand while they offer advice on what type of metal to invest for your portfolio. If you have any questions, Regal Assets are just an email or phone call away. You never have to concern about customer services or help when you need it. They are available 24/7 to answer any of your concerns. You’ll have your very own account representative; you can contact when you need help.
It has reputation:
It’s not very long when we heard about the Regal Assets for the first time and let’s give some praise to this gold IRA company that in such a short period and operations, it has built a solid reputation in the investment market with the millions of satisfied customers.
When it comes to examine the reputation of a company, no one believes the words a company speaks but the customer reviews are considered as the best option to verify if it is trustworthy or not. This is a very common and simple process of assessing the track record of investment companies, and when we read the reviews of regal assets’ customers, we only see appreciation and satisfaction.
There are huge numbers of worldwide customers who trust Regal Assets with all of their investments. There are some social communities on the internet where people especially the previous customers of Regal Assets talk about the company and their processes. Most of these people appreciate the customer care services of this company, and there are many specific comments about the customer services.
When you don’t know how to invest in gold IRA, it’s better to go with professional recommendations. And when we talk about Regal Assets, we find out that there are some professional investors who recommend this company to new and existing investors. It doesn’t matter if one is new in the gold IRA investing or has some experience; they will get the same professional assistance from Regal Assets that you want to receive from a company.
A wide range of investment options:
It’s not that hard to realize that most of the gold IRA companies around the world deal with gold bullion investments. And they just put the gold IRA along to acquire more customers where on the other hand, Regal Assets is a professional and experienced investment company that has specialized in Gold IRA and Gold IRA Rollovers and investing in gold.
There is an advantage that you only get with this demanding company, and it’s hard to enjoy the feature with any other gold IRA investment company in the market. Here you have a wide range of options and investment plans unlike other companies. You are not forced to pick one from a limited number of options, but you are provided with more than enough options and with the necessary help and help from the customer care services, you can choose whichever option you like the most.
It comes with guarantee: Regal Assets is the only company in the world that deals with gold IRA investing and offers a 7days guarantee for a wide range of services. When you buy gold with Regal Assets, you don’t need to worry about your investment anymore, and the company makes sure that you receive the purchased gold within 7 days limit with maximum protection and security from the company itself.
If you don’t want to keep the gold by yourself or don’t have any bank locker, you can also ask for recommended keeper that are the professional gold keeping companies that will keep your investment in a safe place.
Financial leverage is the skill to trade and manage a high market value product with a part of the total value. Trading futures contracts is done with performance margin.
For example, one futures contract for gold controls 100 troy ounces, or one brick of gold. The total value of this contract is 100 times the market price for one ounce of gold. If the market is trading at $600 per ounce, the value of the contract is $70,000 ($700 x 100 ounces). Based on exchange margin rules, the margin required to control one contract is only $4,050. So for $4,050, one can control $70,000 worth of gold. As an investor, this gives you the ability to use $1 to control roughly $15.
Major Gold Investors
Gold has fallen roughly 47% from the highs it reached less than five years ago. It’s been a painful drop that’s made some market watchers question the value of gold to investors. But not every investor is willing to say, “This time is different.” Here are some of the billionaires bucking the trend with contrarian bets that gold will be going up again.
John Paulson: Billionaire hedge fund manager John Paulson, one of the world’s most powerful gold investors, Paulson, in his first public comments since the recent price crash, said his firm, Paulson & Co. Inc., has retained a 10 million share bet now worth more than$1 billion, in SPDR Gold Trust, which track the price of gold.
“I think gold is fairly valued today,” Paulson said in an interview, adding that the market was starting to balance.
“As Western demand for gold falls because the fear of price rise is low, demand out of Asia continues to grow for it as a store of value and for use in jewelry,” he said.
Thomas Kaplan: Prominent metals investor Thomas Kaplan increased $200 million, more than expected, from investors excited to join him in making achievement in an industry starved for cash. Kaplan, an Oxford-educated historian turned metals expert with a long track record of success, is betting that he and his team can spot an unloved company to buy and help it grow again as demand in the sector improves.
Eric Mindich whose gold investment already has gone above $800 million is aware that gold has always increased in value over time and doesn’t see that trend changing.
Mikhail Prokhorov with above $6 billion investment in gold already is concerned at the amount of money being printed and anticipates inflation driving up worldwide demand for raw materials including gold.
David Einhorn who has a net value of $560 million favors gold because it’s a form of money that the government can’t print more of.
Seth Klarman who has over $1 billion invested in gold warns of possible currency debasement and soaring inflation and the need to hedge your assets with gold.
Jim Rogers whose net worth goes above $300 million believes that investing in gold will become more and more important over the next decade.
Paul Tudor Jones whose net worth is $3.3 billion admits to not being a keen gold lover but in spite of that believes that now is the time to invest in gold.
Michael Avery who has $3.3 billion invested in the Waddell & Reed gold fund believes that history has proved to us that gold is the asset to turn to in times of economic insecurity.