Would you like to know how to buy physical gold for an IRA very effortlessly and in a matter of seconds?
I get what you’re thinking “What do you get by investing in a gold investment retirement account?”
Two words, Generational Wealth! We’re living in a crisis where the value of the dollar or any other currency is watered down and isn’t worth as much, you’re going to retire with very little money to sit back on and depend on, and even worse, you can’t live the lifestyle you and your family members know they deserve, so what do you do?
You start by putting your hard-earned dollars, stock, and or bonds into an asset(Gold) that will increase your income for many years to come, and provides a greater insurance policy that protects you against inflation.
I “Michael Granados” will show you in this article the best place on how to buy physical gold so that you can put it in your IRA account and give yourself an asset greater than you could have ever imagined.
Let’s get started!
By the way, if you'd like to check out my #1 recommended place to purchase gold, metals, and even crypto, click here to see.
3 Simple Steps To Buying Gold For An IRA
STEP 1: Find A Broker Or Custodian
To transfer your IRA funds into Gold you have to first establish a self-directed IRA which is a type of IRA that an investor manages directly(without a third party) and is permitted to own a wide range of investment products other than IRA’s.
For a Gold IRA, you’ll need a licensed broker to buy the gold and the custodian to create and administer the account for you. This company you choose will store or hold your actual bullion. Now, what are custodians you ask?
I don’t mean the custodian at a school or work, I mean they are usually:
- Trust companies
- Credit unions
- Brokerage firms or
- Savings and loan associations
...That has properly been approved by federal and/or state agencies to provide asset custody services to the individual investors and financial advisors. Know this, they do not select metals dealers for their IRA clients...this is the investor's responsibility.
On the other hand, established Custodians do have relationships with several hundred dealers throughout the country and are able to share the list if they want to.
STEP 2: Choose The Company
Trust me when I say that choosing the right company to work with can be complicated, because it’s a specialized task that the major brokerage firms generally don’t offer to the public, and I did my homework and found what separates the best from the rest and they are:
- Track Record
STEP 3: Owning The Gold
Owning your Gold will come with special expenses, and the charges you as the investor will face are:
- The seller’s fee(markup)
- Retirement account setup
- Storage Fees
- Custodian Fees
- Cash-out costs
History Of Gold
I always tell people I help with Gold to learn the history behind investing in Gold IRA first so you can have a greater appreciation and this is where I want to begin.
Why Invest In Gold For Your IRA Account?
Other than the popular fact Gold IRA is a fast-growing trend people are pouncing on, gold is generally looked at as a better hedge against a crisis than its suggested use as being an inflation hedge, also here’s this…
- Gold has remained a commodity for thousands of years and will continue to grow in value over the years
- Gold IRA is a supplement to your other retirement funds because gold moves
According to the Motley Fool "If you are afraid of getting into a market downturn, buying gold is a smart choice, as long as you don't go overboard...Maybe 10% of your assets would be an appropriate target to get the diversification benefits the metal can offer."
Final Thoughts(And The Best Place To Get Started)
Purchasing Gold is considered an alternative investment strategy and like purchasing stocks and bonds, the price of gold is volatile meaning it can go up and down, and no one can predict the future.
But despite the risk comes rewards, There is a great reason to put gold into your IRA account because Gold has a 5,000-year history of being a “store of value, meaning?
Stocks can go to zero at any time as you’ve probably heard happen with the Lehman Brothers, bonds can default like they did in Argentina or get big haircuts like in Greece, the value of the dollar is steadily going down, but gold will never be worth zero!
If you’re strongly considering Gold IRA, you can consult with a financial advisor to determine how the metal would fit with the overall goals of your portfolio and one other thing…
You shouldn’t put all your eggs into one basket, you should have at least ⅓ of your investments being gold. Would you rather consult with a financial advisor or see my #1 recommended place for buying gold for your IRA account?