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  • Gold is an inflation hedge, and its value tends to increase during periods of inflation.
  • Investing in gold bullion through an IRA has become increasingly popular in recent years.
  • Gold bullion, or gold coins and bars, held in a self-directed IRA account are taxed just like other retirement account investments, such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs).

Investing in gold bullion through an IRA has become increasingly popular in recent years. Gold bullion, or gold coins and bars, held in a self-directed IRA account are taxed just like other retirement account investments, such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs). According to IRS rules, gold must be stored either in an IRA-approved depository, or in an IRA-approved safe deposit box.



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Gold IRA Explained

Gold IRAs allow investors to own physical gold using Individual Retirement Accounts (IRAs). Gold IRAs are similar to traditional IRAs in that they allow you to save for retirement and defer taxes on your investment earnings until you start withdrawing funds in retirement. However, unlike traditional IRAs, gold IRAs allow you to invest in precious metals.
Gold IRAs, like traditional IRAs, also allow investors to use money they already have saved for retirement. You can roll over your traditional IRA into a gold IRA or you can make gold IRA contributions. You cannot contribute to a gold IRA if you have already reached the maximum annual contribution limit for that year.
Why Invest In Gold?
Gold remains one of the world's most stable investments. Its value is not tied to the overall U.S. economy or the Federal Reserve's interest rate policy. Unlike other assets, such as stocks and bonds, gold does not fluctuate in value based on politics and government decisions.
Gold has value around the world. Investors do not need to worry about currency exchange, and, because gold is portable, it is easy to sell and move across borders. As an investor, you do not own gold directly, but you own an ownership interest in a vault that holds the gold.

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Types of Gold IRAs

Precious metals such as gold are traditionally held in a custodial account. A custodial account is a type of account in which a third party holds property belonging to another party.
There are two types of custodial accounts:

Self-Directed Precious Metals IRA

Custodial Precious Metals IRA

The first type of account allows IRA holders to purchase gold bullion. The second type of account allows investors to purchase gold bullion and leaves the gold in the custodian's account.
When an investor purchases gold bullion in a self-directed precious metals IRA, the investor becomes the beneficiary of the gold, and the IRA owns the gold. The gold is the IRA's property, and the IRA holds the title.



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Gold Bullion

Gold bullion is the literal physical metal itself that you hold in a gold IRA. Gold bullion bars or coins are common ways to invest in gold.
Gold ETFs
Gold ETFs are another way to buy gold through an IRA.
Gold futures contracts
Gold futures allow you to trade small amounts of gold.

Gold Bullion Direct

(

) was established to provide investors with an easy and secure way to invest in gold. The company has an A+ rating with the Better Business Bureau and is licensed and bonded in the U.S., Canada and Australia. Customers receive free gold storage, secure shipping, free U.S. insured shipping, insurance on every order, and a lifetime buyback policy.

Gold Brokers

Gold IRAs are a smart way to preserve your wealth. To start, you'll need to find a licensed gold broker. Those brokers must fill out an application, pass the appropriate exams and regulations, and register with the Commodities Futures Trading Commission (CFTC).
In addition, they must abide by the rules and regulations that come as part of the United States Securities and Exchange Commission (SEC). These rules are in place to protect both individuals and firms from fraudulent gold brokers.

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

Gold IRA Companies

When it comes to purchasing gold, you have a couple different options. You can buy gold either through a depository or through a gold dealer.
A depository is a financial institution that holds precious metals, including gold, for customers. You can withdraw gold from your gold IRA through a depository, but you will need to have the gold redeposited into your gold IRA account within 60 days.
A gold dealer, on the other hand, is a financial institution that purchases gold and gold-related investments. You receive a paper certificate for your purchase.