Discover the Benefits and Risks of an American Hartford Gold Free Silver Account
- GFS accounts are offered by AHI, which also provides precious metal storage services.
- American Hartford Gold Free Silver Accounts give investors the opportunity to buy, sell, and store gold, silver, platinum, and palladium.
- The accounts are available in a variety of forms, including allocated and unallocated, as well as segregated and non-segregated.
A Gold Free Silver Account (GFS) is a type of precious metal account offered by American Hartford, Inc. (AHI). AGFs allow investors to store precious metals in a segregated account with American Hartford, as well as access their gold, silver, and platinum bars and coins through a vault.
What Is an American Hartford Gold Free Silver Account?
American Hartford's Gold Free Silver Account is a precious metal storage account. You trade your gold, silver, or platinum bullion for immediate delivery or for American Hartford's 1% credit.
The American Hartford Gold Free Silver Account offers a number of advantages over other gold and silver storage accounts. One of the most attractive features of American Hartford's account is the 1% credit.
Account Types
American Hartford Gold Free Silver Accounts are available as Individual Retirement Accounts (IRAs) and as Traditional, Roth, or Rollover IRAs.
Account Fees and Commissions
American Hartford Gold Free Silver Accounts have the following annual account fees, as of Nov. 12, 2021 (all fees listed are per year):
$65 for Traditional and Roth IRAs
$40 for Rollover IRAs
$35 for Individual Retirement Annuities (IRAAs)
$40 for IRA CDs (certificates of deposit)
$25 for IRA Money Market Funds
$5 for IRA Sharedraft Accounts
$5 for IRA Checking Accounts
$5 for IRA Money Market Mutual Funds
Benefits of Gold Free Silver Accounts
The benefits of the Gold Free Silver account are:
You can invest and trade in precious metals, commodities, and currencies.
You can invest in stocks, bonds, and mutual funds.
You can make deposits and withdrawals online.
You can roll over your IRA from another custodian to an American Hartford Gold Free Silver account.
American Hartford Gold Free Silver accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000.
You can open an American Hartford Gold Free Silver account with as little as $500.
To get started, you need to fill out a form online or over the phone.
American Hartford Gold Free Silver accounts are attractive for IRAs, as there are no annual contribution limits.
You have access to retirement calculators that can help you determine your retirement needs.
You can open an American Hartford Gold Free Silver account as a traditional IRA, Roth IRA, or rollover IRA.
You can designate beneficiaries for your account, including your spouse, children, and grandchildren, as well as charitable organizations.
The account fees are low, starting at $25 per month for the first $50,000 in your account.
You can invest in precious metals and commodities, such as gold, silver, platinum, and palladium, as well as agricultural products, such as wheat, corn, and soybeans.
You can invest in currencies, such as dollars, euros, and pounds.
You can invest in stock, bond, and mutual fund funds.
Risks of Gold Free Silver Accounts
As with all precious metals investments, physical gold bullion and coins are subject to the same risks as any other type of gold investment. Gold is susceptible to price fluctuations like any other commodity.
With gold, however, there is also the risk of confiscation by government authorities. The U.S. government, for example, confiscated gold from its citizens after World War I, and the Soviet Union did the same after the Russian Revolution of 1917.
Types of Gold Free Silver Accounts
American Hartford offers three different types of gold free silver accounts.
The Gold Free Silver Account offers online access, as well as annual percentage yields (APY) that are competitive with similar products.
The Gold Free Silver IRA Account offers the same features as the Gold Free Silver Account, but provides tax advantages.
American Hartford's Gold Free Silver Account Plus offers online access, a competitive APY, and a way to build your investment over time.
Gold and Silver Options
Gold and Silver Options are valuable trading tools, and American Hartford has a minimum investment requirement of $10,000 for this option. The account holder purchases the right to buy gold futures or silver futures at a predetermined price. For example, they may purchase the right to buy gold futures at $1,200 per ounce in 30 days. The underlying asset is gold, but the option may expire worthless. The account holder only loses the premium paid.
Gold and Silver Exchange-Traded Funds (ETFs)
Gold and Silver ETFs are bought and sold throughout the day on the stock market. ETFs carry the same risk as other stocks, and their prices can fluctuate widely.
American Hartford Gold Free Silver Account
American Hartford Gold Free Silver Account let you buy, sell, and store gold and silver bullion, as well as give access to gold and silver collectibles. Related exchange-traded funds (ETFs) are also available. The account has low account maintenance fees and no minimum investment. American Hartford also offers discounts on precious metals and collectibles.