GA-ASI: Get Started with a BGASC Metals Account

• GA-ASI Holdings is a provider of aviation and defense products and services.
• Its stock is trading slightly above its 50 day moving average.
• A-ASI's stock is trading slightly above the 50 day moving average (DMA), just above the 200 DMA and below the 50 DMA.

GA-ASI is a provider of a wide range of aircraft parts and commodity services. The company's stock (GA) is up 3% year to date through Jan. 18, 2019. It reports earnings on Feb. 21, 2019.
GA-ASI's stock is trading slightly above the 50 day moving average (DMA), just above the 200 DMA and below the 50 DMA. The MACD histogram is neutral. The stock is above its 200 DMA and below its 50 DMA. The stock is also trading above its 20 DMA.

Getting Started with Your BGASC Metals Account

You can open an account with BGASC Metals online, over the phone, or at your local branch. The process takes less than 15 minutes.
You'll need to provide your personal information, such as your name, address, email, phone number, and Social Security number. You'll also need to provide bank account information, so the funds can be transferred from your bank account to your metals account.

Deposit Funds

There are a number of ways to deposit funds into your Metals Account. When you open an account, you can fund your account by check, cash, or wire. Alternatively, you can fund your account electronically using ACH (Automated Clearing House), debit cards, or credit cards.
For deposits of $25,000 or more, check, cash, or wire deposits will incur a $25 transaction fee. Electronic deposits will not incur any transaction fees.

Types of Metals Accounts

There are two main categories of metals accounts. Each account type has its own advantages, depending on whether you want to trade or hold metals.

You can open either a self-directed account or a managed account.

A self-directed account is an account in which you control your own trades. You purchase, sell, and store your metals in this account.

A managed account is an account in which someone else handles your trades. A managed account opens you up to buying metals that you may not be able to access otherwise. A managed account allows you to avoid the stress of trading and lets you leverage the wisdom of a professional metals trader.

The difference between the two account types isn't as clear-cut as it may seem. You can open a managed account and then decide which metals to buy. The managed account is run like a traditional brokerage account. The account requires a minimum deposit of $10,000.

Deposit Metals

Within a GA-ASI account, customers have the option of depositing either gold or silver bullion. The bullion is securely stored in a vault, protected by armed guards. The gold option is 99.99% pure gold. The silver option contains 99.9% pure silver.
These precious metals are bought by GA-ASI on the open market, and customers are only charged a small premium over the spot price. Both gold and silver are normally available, but silver bullion may be unavailable from time to time.
GA-ASI also offers the option to buy fractional ounces of gold and silver. These fractional ounce options are available in 1/10, 1/4, 1/2, 1, 2, 5, and 10 ounce sizes.
In order to purchase fractional ounces, customers must contact their account representative.
IRA Accounts
GA-ASI also offers special options for people who want to invest in gold and silver for retirement.
One of the company's most popular options for IRAs is the Precious Metals IRA. A Precious Metals IRA allows investors to roll over funds from a traditional IRA into a Precious Metals IRA, and then purchase investment grade gold and silver bullion. There is no limit on the number of IRAs you can set up, and precious metals can be held in a Precious Metals IRA for a minimum of five years.

Gold IRA: Should You Open One To Save For Retirement?

The Bottom Line

Precious metals offer a robust investment option for those looking for diversification due to limited correlation to stocks and bonds. While buying physical metals may be a better option, many investors enjoy the convenience of owning a gold and silver ETF.
Disclosure: The author held no positions in the aforementioned securities at the time of publication.