Chile Gold 100 Pesos - Turn Your IRA into Gold
James Byrd- The first gold coin minted in the Americas was called the Chile Gold 100 Pesos.
- The coin was minted in 1535 and is considered one of the first gold coins of its era.
- In 1548, the Real de a ocho, or "Eighth real", was the first coin minted in America.
The Chile Gold 100 Pesos, or 100 Pesos, was the first gold coin minted during the Spanish colonization of the Americas. It was struck in 1535 and is considered one of the first gold coins of its era.
What Is the Chile Gold 100 Pesos?
The Chile Gold 100 Pesos (CUHU) is an official gold bullion coin that was first minted in 2015 by the Central Bank of Chile.
There are currently two versions of the coin:
Gold (.999 fine gold)
Platinum (.9995 fine platinum)
The coin contains 100 pesos, making it .9999 fine gold or .9995 fine platinum. The face value of the coin is 100 pesos.
Understanding the Chile Gold 100 Pesos
The Chile Gold 100 Pesos is minted by Banco Central de Chile. The coin features a profile of Simon Bolívar, the hero of South America's fight for independence from Spanish rule. On the reverse side of the coin is an allegorical representation of the sun, symbolizing the rising sun of liberty, and a depiction of the Andes in the background.
Ecuador became the 10th country in the Americas to issue its own gold bullion coins. Issued from 2000-2009, the Ecuador Gold 100 Pesos features the coat of arms of the nation on the obverse and an indigenous man and woman in traditional dress on the reverse.
IRA Contribution Limits
For tax year 2022, you can contribute up to $6,000 to an IRA, including a traditional IRA and a Roth IRA (if you have attained 701⁄2 years of age by the end of the tax year). If you are married and file a joint tax return, you can contribute up to $12,000.
IRA vs. Other Gold Investments
Investing in physical gold through an IRA can give you access to gold bullion at a relatively low cost. However, there are annual storage fees that can cost several hundred dollars a year, depending on your account size, and IRAs have limited options.
Investing in gold bars and coins through an IRA gives you the most freedom, but also comes with the disadvantage that you lose liquidity. Gold bars and coins are more difficult to sell and do not have a secondary market.
Chile Gold 100 Pesos Fees
Annual fees: 0.0%
Minimum investment: $15,000
Maximum investment: $18,500
Distributors: Brinks & Co.
The Chile Gold 100 Pesos fund seeks to achieve its investment objective by investing in a portfolio of gold bullion, gold related instruments, and similar financial instruments. The fund's investment objective is to achieve capital appreciation through investing primarily in gold bullion and instruments, and similar financial instruments.
