Wednesday, July 25, 2012
Gold Backed IRA Is Retiring With Mighty Gold
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Gold Backed IRA Is Retiring With Mighty Gold
This is a guest post from Daniel Roberts. Daniel is a personal finance expert who blogs about precious metal investment topics and currently works for Regal Assets. Regal offers a wide variety of investment opportunities including Gold IRA as a retirement plan.
Having withstood the tests of time, gold can be considered the oldest form of currency. As an investment, people have collected gold for a numbers of reasons. These reasons may be because of volatile stock market, unstable and ever fluctuating commodity prices or even the unwanted falling home prices.
So people have always capitalized on the unswerving growth of the value of this yellow metal, which is always considered as the safest investment. The matter is very much live when one looks at it from the angle of the financial security after the retirement.
Financial Security about Gold Backed IRA
These days almost every one is concerned about their financial security during their later years due to the vulnerability of financial market. Stock and bonds are reliant on various factors in financial markets. Inflation is always raging, but the precious metals transcend this and find an upward trend in their value. So, when we talk about the various options for financial security during the time of retirement, a gold-backed IRA or gold IRA (Individual Retirement Account) is the most talked about plan that helps an individual investor enjoy a buffer against inflation. Gold backed IRA always gains its value, while other kinds of valuations like stocks and currencies may nosedive over time.
Any IRA account holder enjoys access to a financial account that has precious metals holdings. Gold remains at the top of the group of platinum, silver or palladium for IRA, which can be invested in the category of funds, stocks or precious metals. If you plan your retirement portfolio carefully, the gold backed IRA is there to reduce the volatility at that time. It is historically proven that gold can counter the direction of mutual funds, bonds and stocks.
Gold and Other Metals in the Safety Metal List
Whatever your plans may be for investment preferences, you better think of any tangible assets like platinum, gold, silver and palladium that come with the bullion values.
The powers of these metals are not restricted to any region or nation. The metals like gold and silver are the backbone for all the nations in any part of the world. Of course the values of these items differ from one country to other, but gold and silver are at all times the key players in any economy around the world. If you include gold in your IRA portfolio you can brighten up your investment performances. The improvement performances may be of two types, i.e. either it will increase your return without any sort of risks or trim down the risk by avoiding any sort of antagonistic effect on your returns.
Since the state approvals of these materials make the scenario change, here are some of the approved categories in the U.S.
The US Government Approved Bullion Coins (Gold Category)
The allowable bullion coins are American Eagle, the top in rank with the .916 net fine, then come the U.S. Buffalo, Austrian Philharmonic, Australian nugget, Kangaroo gold coins, PAMP Suisse gold bars, Credit Suisse Gold and Canadian Maple Leaf. The list also includes gold rounds and gold bars. The sizes of theses bullion coins or bars are different.
The US Government Approved Bullion Coins (Silver Category)
Here also it starts with the U.S. Eagle coins, while the others in the category are Mexican Libertad coins, Austrian Philharmonic coins, Australian kookaburra coins and Canadian Maple Leaf coins. The list includes the rounds and bars also.
The US Government Approved Coins (Platinum Category)
With only one approved palladium coin that is the Canadian Maple Leaf in the list, the other names are the Australian Platypus coins, Isle of Man noble coins, Australian Koala coins, bars and rounds, while the U.S. Eagle coin is always the front runner.
So Why to Settle with Gold Backed IRA?
As you plan for your secure and peaceful retirement, you have the option of rolling back your old plans to gold-backed IRA. There are different rules and regulations for different companies, but the best option for you is the self directed IRA. You may avail the option of “Take Control” where you can roll over your old 403b or 401k. In this option you can avail the tax-deferred benefits, which also comes with the profits and facilities of avoiding penalties of taxes. The plan also entertains the option of the successor choice. You also have the additional advantage of funding your plan by minimizing your risks. So, without a doubt gold backed IRA is a great option as your retirement policy.
This is a guest post from Daniel Roberts. Daniel is a personal finance expert who blogs about precious metal investment topics and currently works for Regal Assets. Regal offers a wide variety of investment opportunities including Gold IRA as a retirement plan.
This post was written by: Franklin Manuel
Franklin Manuel is a professional blogger, web designer and front end web developer. Follow him on Twitter
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