I decided to jump into a pool with gold. Now, I need to decide where and what form of gold my IRA would buy. Finding impartial information on a topic so hot as gold can be difficult. There are a few independent advisors but they aren’t many. And they aren’t loud like most of the gold broker/dealers. I learned some basic information and will now make my investment decision from this list. Read more now on gold roth IRA.
Gold IRA investment opportunities:
Bullion Bars are real, physical gold bars. These can go for as high as ten million depending on the gold price. My IRA is buying the gold. As such, I won’t ever see the bar, nor hold it or store it. However, the physicality of an actual bars holds a lot of weight in my decision (pun intended).
Coins – A physical entity. Only certain types of gold coin can be stored in an IRA. They cannot be collectible and they don’t need to have proof. For more information on gold coin, visit the Internet. However, if you intend to store them in an IRA, make sure they aren’t rare and collectible.
Gold Exchange -derivatives, which track the change in gold ounce value. Let me be simple: I won’t ever buy anything derivative within my IRA.
Gold Certificates – basically a document proving the IRA owns X quantity of bullion.
Mining Company Share/Gold Mutual Funds Self-explanatory. I don’t like to play with stocks at the moment, regardless what company.
There are also options available for what some call E-Gold or Digital Gold. These are, to me, the same thing as bullion, since that’s where my IRA money is going, and that is what I’m actually buying.
I have my IRA set up to purchase gold for insurance. This is essentially a way to diversify and spread possible losses across different investment options. I don’t need to pay for storage or transportation of bars and coins. I don’t want to invest in stocks. Never will I trade, buy, or sell anything derived from the actual thing. I want the process to be straightforward and to allow me to trade whenever I like. Online gold trading is my choice.