A Self-directed Individual Retirement Account, known as a Precious Metal IRA, enables investment in unconventional assets such as precious metals, real estate, and art.
Why Choose A Precious Metals IRA?
Choosing either a traditional or a ROTH IRA to invest in precious metals provides tax benefits, which are the main advantages of this investment approach. These tax benefits can either result in immediate or future tax savings for the investor, depending on the type of IRA selected.
Investing in precious metals such as gold, silver, platinum, and palladium can be an essential component of a well-rounded retirement portfolio. These tangible assets can provide stability during financial crises. With a self-directed IRA account, you can buy, hold, and sell precious metals in a tax-efficient manner. Additionally, you have the option to withdraw your bullion or coins and have them physically in your possession.
IRA-Approved Precious Metals
The depository only accepts IRA-approved products when purchasing precious metals for deposit into your Precious Metal IRA.
The following are the minimum standards of fineness that must be met in order for a deposit to be approved for your Precious Metal IRA account.
- Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure.
- Bars, rounds and coins must be produced by a refiner, assayer, or manufacturer that is accredited/certified by NYMEX, COMEX, NYSE/Liffe, LME, LBMA, LPPM, TOCOM, ISO 9000, or national government mint and meeting minimum fineness requirements.
- Proof coins must be encapsulated in complete, original mint packaging, in excellent condition, and include the certificate of authenticity.
- Small bullion bars (other than 400-ounce gold, 100-ounce gold, 1000-ounce silver; 50-ounce platinum, and 100-ounce palladium bars) must be manufactured to exact weight specifications.
- Non-proof (bullion) coins must be in brilliant uncirculated condition and free from damage.
Some examples of precious metal products that are not accepted.
- Any rare or collectible coin, Chilean Peso, Hungarian Korona, Austrian Corona & Ducat, Columbian Peso, Italian Lira, Belgian Franc, Dutch Guilder, Mexican Peso & Onza, Great Britain Britannia (pre-2013), French Franc, South African Krugerrand, British Sovereign, German Mark, Swiss Franc
Certified Gold Coins
Certified Gold Coins are gold coins that have received certification and authentication for their authenticity and grade from a recognized third-party service, such as PCGS or NGC.
Rare Coin Certification Services
It is important to take into account only the most reputable grading services to ensure the safety of your investment, as there are currently eight well-established coin grading services and an increasing number of new entrants each year.
PCGS and NGC are the two most highly recommended grading services in the market, as indicated by their superior ratings from both the Professional Numismatists Guild and the Industry Council for Tangible Assets. In terms of market acceptance, the top four grading services are PCGS, NGC, ANACS, and ICG.
After determining which certified gold coins provide the highest returns, the subsequent query arises: “What is the rationale behind investing in certified rare gold coins?”
The Benefits Of PCGS & NGC Certified Gold Coin Investment
In today’s uncertain economic climate, there is no better investment than Certified Rare Gold Coins.
- Safety. In times like these hard money is the safest place to store your wealth. The dollar is soft money and its value has been steadily declining since the government began stripping away its backing of gold and silver over a hundred years ago. In contrast, gold has maintained its purchasing power over centuries.
- Stability. The supply of rare certified gold coins is strictly limited while demand is steadily growing, making them much less dependent on the volatile spot price of gold than bullion bars and coins
- Performance. The numismatic value of certified gold coins – the so-called ‘rarity premium’ – provides a second avenue for solid returns as scarcity grows with demand. In fact, as you can see in this chart, certain certified gold coins have outperformed bullion by a considerable margin throughout the first decade of this century.
- Privacy. Trade in certified gold coins is free from government observation, leaving the reporting of capital gains to the discretion of the individual.
- Security. The door has been left open for a gold bullion confiscation like that in 1933 should the government ever deem it necessary. By precedent certified rare coins can be expected to be exempt from any such action.
There has never been a more pressing requirement to safeguard your wealth against the inflation caused by the nation’s uncontrollable debt. There is no place more secure than gold, and no asset more beneficial than certified gold coins.
Choose Your Certified Gold Coins Wisely.
When it comes to investing, the perfect certified gold coin should possess excellent liquidity, significant potential for growth in numismatic value, safeguard against fraud, and strike a balance between rarity and affordability. In terms of meeting these criteria, pre-1933 American gold coins surpass all others as they are the most renowned and extensively traded.
European gold coins, due to their extensive historical background in coinage, are much more susceptible to misgrading compared to American coins. In recent years, Asian gold coins, particularly those originating from China, have been the main focus of forgers and are regarded as carrying an unacceptable level of risk.
Certified Gold Exchange highly advises investing in the most highly traded coins with proven growth potential to maximize the potential of your investment in certified gold coins and ensure its liquidity. The unquestionable leaders in this category are:
- $20 Saint Gaudens Gold Double Eagle
- $5 and $10 Gold Indian
- $5, $10, and $20 Gold Liberty
FAQ
How Do I Open A Precious Metals IRA Account?
Please ensure you complete the forms and submit them electronically or by U.S. mail, along with your payment for IRA Fees and the Precious Metals Storage Fee. Payment can be made by either check or credit card. If paying by credit card, please fill out our Credit Card Charge Form. If payment is not included, the fees will be deducted from the transfer, rollover, or contribution funds before processing the purchase. Please note that the depository storage fee is an annual fee that is due when opening the storage account and annually in conjunction with your IRA renewal fee. Both fees will be invoiced at the time of opening the IRA and each year thereafter during the anniversary month of the IRA account opening. Fees will not be divided proportionally.
What Kind Of Precious Metals Can I Invest In?
Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure.
- Bars, rounds and coins must be produced by a refiner, assayer or manufacturer that is accredited/certified by NYMEX, COMEX, NYSE/Liffe, LME, LBMA, LPPM, TOCOM, ISO 9000, or national government mint and meeting minimum fineness requirements.
- Proof coins must be encapsulated in complete, original mint packaging, in excellent condition, and include the certificate of authenticity.
- Small bullion bars (other than 400-ounce gold, 100-ounce gold, 1000-ounce silver; 50-ounce platinum and 100-ounce palladium bars) must be manufactured to exact weight specifications.
- Non-proof (bullion) coins must be in brilliant uncirculated condition and free from damage.
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