I decided to plunge into a pool full of gold. Now it is time for me to choose where and in which form my IRA will buy gold. With gold being such a hot topic, it can be very difficult to search the internet for impartial information. While there are some independent advisors out there, not many. And unlike many of the other gold brokers/dealers, they are not loud. I still learned some basics and will make my decision from this list. You can get the best gold IRA company in this sites.
Options for investing in gold IRAs
Bullion Bars are actual physical bars of gold. They can cost up to ten million depending on how much gold is worth. Although I know that my IRA will purchase the gold, it would never allow me to see it, hold it or store it. However, the physicality of a bar is very important in my decision (pun intended).
Coins – again, a physical entity. Only some types of gold coins are allowed to be held in an IRA. They are not collectible and do not need to be proof. The web has more information about gold coins – but be sure to verify that they are not rare or collectible if your goal is to have them in an IRA.
Gold Exchange-Trade Funds: Derivatives that track changes in gold ounce value. It may seem simple, but I will never buy derivatives, whether they are within my IRA.
A document that proves that your IRA holds X amount of bullion, called a Gold Certificate.
Mining Company Stock/Gold Mutual Funds. This is self-explanatory. I don’t want to mess around with stocks right away, no matter the company.
E-gold, or digital gold, is also available. These are the same as bullion bars and what my IRA is buying.
I intend to direct my IRA to purchase gold as insurance. In essence, I want diversification and to spread potential losses among many investment types. I don’t really want the cost of storage or transport for coins and bars. I don’t want stocks. I won’t ever buy, sell, or trade anything derived directly from the real thing. I want the process to be straightforward and to allow me to trade whenever I like. I am going to online gold trading.