Have you stopped watching the news lately and gave up reading the finance section of the paper because you are upset about the economy? Do you feel vulnerable and helpless whenever the value of the dollar goes down? Do you constantly worry about the future and the fact that your net worth can dip down without warning? An answer of yes to any of these questions makes you a perfect candidate for having a gold IRA. Investing in gold is your key to a secure future.
Gold is one of the oldest forms of trade and is recognized globally. Perhaps the most interesting property of gold and other precious metals are their intrinsic values. Paper investments have the tendency to get devalued because their values are currency dependent. Gold and precious metals will never get a value that is worth nothing because of their intrinsic value.
Gold also has an interesting behavior. Whenever a financial crisis strikes, gold is the only one that is able to sustain its value. In fact, the values of precious metals tend to escalade during periods of financial difficulties.
These two characteristics of gold make it a very good option as an investment. If you are planning to counter the effects of inflation and are thinking of diversifying your portfolio, you definitely should consider gold as an investment.
Why Investors Are Crazy about Gold
Gold is definitely a hit among investors. This precious metal is very versatile and has an ever increasing demand. There are various reasons why investors choose gold. Some get satisfaction in owning something that is rare and valuable. Others can’t get enough of gold because it is a tangible symbol of prosperity and power. What makes gold so special?
1. It is rare.
Gold’s rarity is one of the things that make it highly favorable as an investment. Anything that is not easily obtained is associated with more value. Gold is a naturally occurring element and there is no way that one can create this precious metal.
2. Gold has plenty of uses.
Gold is used in many different ways. It is made into jewelry, transformed into coins, used on dentistry, and is a good conductor of heat and electricity. Gold is very versatile and can be made into thin foil, gold sheets, gold wire, gold rods, and so many other forms to fit various needs. Gold also plays an aesthetic role in the world of architecture and design, as this metal is used to create a feeling or luxury and add texture to any structure.
3. Gold is a link to our past.
When everything is advancing technology wise, it becomes easy to lose touch with our history. Gold is one of the oldest acceptable means of trade. It is valuable then and it is valuable now. It has been a part of commerce since the ancient times and owning it reminds one of our luxurious past when gold was the most obvious status symbol.
4. Gold is power.
Countries who own the most gold usually are very financially stable and are very influential. For investors who love to be in the league of the rich and the powerful, gold is definitely the investment of choice.
5. Gold’s value cannot be manipulated easily.
The problem with currencies is that, when there is more of them, they dip in value. With gold, this cannot happen as it is very hard to acquire it and it is impossible to manufacture.
Diversity is your best protection against inflation.
A diverse portfolio is more geared to withstand different kinds of economic weather. It is never wise to invest in things that have the same qualities. Gold is a good choice for those who want to diversify their portfolio because it thrives when all other investments lose. Should a bad crisis hits, having gold will ensure that you won’t lose everything.
401k to Gold IRA Rollovers Can Be Simple
Precious metals are definitely among the hottest investments nowadays. Your biggest challenge as an investor is finding a way to make your portfolio as strong as possible. Experts have been preaching for many decades about just how important diversity is when it comes to investments. Therefore, you seriously have to think of ways to add more variety to your portfolio. Today, it is not uncommon for investors to try 401k to gold IRA rollovers. In fact, this has been a growing trend for decades. A gold backed IRA allows you to own precious metals.
Find your Gold IRA Custodian First
Before anything else, you need to find a firm that will handle your 401k to gold IRA rollover. This step is important and should not be rushed. A gold IRA custodian will help you set up your account and give you advice on how to handle your gold IRA. As much as possible, choose a company with experience and one that has a wide array of products to offer.
Benefits of 401k to gold IRA rollover
Among the reasons why many are interested in gold IRA rollovers is that there is a possibility of tax exemption. This means that the money you earn from gold investments will be tax free. There are two kinds of 401k rollovers. Direct 401k rollover is the simpler of the two. This involves direct rollover of your retirement account balance to a new gold IRA. This allows the investor to take advantage of the tax benefits. Indirect 401k rollover is more complicated in a way that the money from your old retirement account will be given in the form of a check. If this check is not deposited in a gold IRA, you may have to pay tax penalties. So before you consider a rollover, be sure to check with your employer first.
The earlier you start the better.
It’s never too early to start being wise about your investments and if you have the slightest interest in investing in gold, we suggest that you start early. The demand for gold is always increasing and the earlier you start, the more you will gain. Unlike other investments, precious metals work for long term. This means that you have to act fast and you have to act now. Choosing your gold IRA custodian is probably the trickiest part of the process. With so many companies offering 401k to gold IRA rollover, it is easy to become overwhelmed and make all the wrong decisions. It’s quite challenging for a novice to separate the good from the bad when it comes to precious metals companies. This is why we created this website.
Our gold IRA company reviews should make the whole process really easy for you.
We searched high and low for the best gold IRA companies in the industry. Aside from the feedback from their clients, we also considered their performances based on what the major advocacy sites have to say about them.
Qualities of a Good Gold IRA Company
A good IRA company is a cut above the rest and has some really outstanding qualities. Here are some of the things to look out for.
1. Clear fee structure
Before you sign up for anything, you have to fully understand the company’s fee structure. Some companies apply hidden charges or try to rip off their clients with very high commission rates. Some companies also charge instantly or charge you with fees based on the size of your account. A company that offers a flat fee is more preferable because there is less complications. Also with a flat fee, you need not be surprised with your bill. You know exactly what to expect.
2. Polite and knowledgeable staffs
Are you tired of answering calls from pushy sales agent who keep calling and calling so that you’d buy their products? Unfortunately, there are plenty of pushy staffs in the world of precious metals. What you are looking for is a gold IRA firm with professional people. If the staffs are rude or unable to give you satisfactory answers to your questions, look elsewhere.
3. Fast shipping
Some companies take too long to ship the package. Some even take 1-3 months to deliver the goods. When looking for a precious metals firm, make sure that they are able to ship fast and securely.
4. Easy and worry free transactions
A good gold IRA company will make the whole process convenient for all its clients. Look for a company that responds fast and allows online transactions.
5. Good buy back program
Also one of the qualities you need to look out for is the company’s buyback program. This is important as there will come a time when you would need to liquidate your precious metals. Choose a company that buys back at spot price.
Recommended Gold IRA Company
Regal Assets is the Company That We Trust for Gold IRA Investing
When it comes to precious metals investing, only one firm stands ahead of the competition and that’s Regal Assets. This is a company that has over 50 years of experience in trading precious metals. Their gold IRA service is the best there is. The company ships fast and charges a flat annual fee as opposed to other company’s scalable fees.
Regal Assets offers secure storage and has a satisfactory buyback program that allows its clients to get great value for their metals.
Get Regal’s FREE INVESTING KIT and start investing in gold today.