Trending: Investing in Bitcoin / 5 reasons to invest in Amazon / Investing in the Metaverse
Friday, March 31, 2023
INVESTOR TIMES
  • Home
  • News
    The consequences of the merger of Credit Suisse and UBS

    The consequences of the merger of Credit Suisse and UBS

    Why Pfizer buys Seagen, the second largest acquisition in its history

    Why Pfizer buys Seagen, the second largest acquisition in its history

    How much will the fight with Kanye West cost Adidas?

    How much will the fight with Kanye West cost Adidas?

    TD Cowen: SVB’s fall does not threaten the stability of the banking system

    TD Cowen: SVB’s fall does not threaten the stability of the banking system

    Public investment in Ireland will be only for sustainable businesses

    Public investment in Ireland will be only for sustainable businesses

    Jerome Powell warns Fed could raise rates further

    Jerome Powell warns Fed could raise rates further

    JPMorgan: “zero-day” options contracts would sink SPX

    JPMorgan: “zero-day” options contracts would sink SPX

    Used cars prices rise unusually in the U.S

    Used cars prices rise unusually in the U.S

    Chinese mobile manufacturers want to go after Apple and Samsung

    Chinese mobile manufacturers want to go after Apple and Samsung

  • Markets

    Why the U.S. banks’ cash crisis is the Fed’s fault

    Pontegadea continues to buy real estate: now the target is London

    Pontegadea continues to buy real estate: now the target is London

    BMW adds to profits thanks to Rolls Royce and Mini

    BMW adds to profits thanks to Rolls Royce and Mini

    Puma achieves record sales in last year with Gulden as CEO

    Puma achieves record sales in last year with Gulden as CEO

    Nike and Decathlon lead as the world’s largest sports retailers

    Nike and Decathlon lead as the world’s largest sports retailers

    Walmart unstoppable: sells U$S 611 billion in 2022

    Walmart unstoppable: sells U$S 611 billion in 2022

    Experts: recession to come at the end of rate hike cycle

    Experts: recession to come at the end of rate hike cycle

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

  • Investing
    Warren Buffett’s best advice to Bill Gates

    Warren Buffett’s best advice to Bill Gates

    What are AT1 bonds and why did Credit Suisse make them news?

    What are AT1 bonds and why did Credit Suisse make them news?

    Hedging hurts more than stock market declines, study says

    Hedging hurts more than stock market declines, study says

    How to manage risk in times of stock market volatility

    How to manage risk in times of stock market volatility

    Gold investment price

    Why a physical gold IRA is becoming a hot investing topic

    Home Depot announces dividend increase

    Home Depot announces dividend increase

    The fall in Alibaba’s earnings softens

    The fall in Alibaba’s earnings softens

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    The biggest investment mistakes made by Warren Buffett

    The biggest investment mistakes made by Warren Buffett

  • Technology
    Mexican fintech unicorn bets on expansion in Brazil

    Mexican fintech unicorn bets on expansion in Brazil

    7 Reasons to Invest in Instagram Marketing

    7 Reasons to Invest in Instagram Marketing

    Why Americans want to remove Instagram from their phones

    Why Americans want to remove Instagram from their phones

    Tesla prepares a Model Y update: what we know about “Juniper”

    Tesla prepares a Model Y update: what we know about “Juniper”

    Li-Cycle to recycle lithium batteries in Rochester

    Li-Cycle to recycle lithium batteries in Rochester

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Amazon goes all-in on live sports streaming

    Amazon goes all-in on live sports streaming

    Bing’s AI has “lost its mind”

    Bing’s AI has “lost its mind”

    ChatGPT’s Chinese competitor to be launched in March

    ChatGPT’s Chinese competitor to be launched in March

  • CryptocurrenciesTRENDING
    SEC redoubles pressure against the crypto sector

    SEC redoubles pressure against the crypto sector

    Do Kwon and Chang-joon apprehended trying to escape to Dubai

    Do Kwon and Chang-joon apprehended trying to escape to Dubai

    Circle’s exposure to SVB is $3.3 billion

    Circle’s exposure to SVB is $3.3 billion

    Crypto crisis drives Silvergate into bankruptcy

    Crypto crisis drives Silvergate into bankruptcy

    Censorship resistance: what is it and why is it so important in the crypto industry?

    Censorship resistance: what is it and why is it so important in the crypto industry?

    Forbes claims Binance is in trouble, Zhao denies it

    Forbes claims Binance is in trouble, Zhao denies it

    SEC reportedly preparing a battle against stablecoins

    SEC reportedly preparing a battle against stablecoins

    U.S. regulatory pressure on cryptomarket increases

    U.S. regulatory pressure on cryptomarket increases

    What is Crypto Staking and why is the SEC regulating these services?

    What is Crypto Staking and why is the SEC regulating these services?

S&P 500 (USA) 
4.069.50  18.67  0.46%  
NASDAQ Composite (USA) 
12.074.08  60.61  0.50%  
Dow Jones (USA) 
33.015.76  156.73  0.48%  
FTSE 100 (United Kingdom) 
7.632.26  11.83  0.16%  
EURO STOXX 50 (Europe) 
4.312,40  26,98  0,00%  
Nikkei 225 
28.041.48  258.55  0.93%  
VIX 
18.93  0.09  0.47%  
Bitcoin (USD) 
28.419.21  26.91  0.09%  
Ethereum (USD) 
1.831.56  38.79  2.16%  
  • Home
  • News
    The consequences of the merger of Credit Suisse and UBS

    The consequences of the merger of Credit Suisse and UBS

    Why Pfizer buys Seagen, the second largest acquisition in its history

    Why Pfizer buys Seagen, the second largest acquisition in its history

    How much will the fight with Kanye West cost Adidas?

    How much will the fight with Kanye West cost Adidas?

    TD Cowen: SVB’s fall does not threaten the stability of the banking system

    TD Cowen: SVB’s fall does not threaten the stability of the banking system

    Public investment in Ireland will be only for sustainable businesses

    Public investment in Ireland will be only for sustainable businesses

    Jerome Powell warns Fed could raise rates further

    Jerome Powell warns Fed could raise rates further

    JPMorgan: “zero-day” options contracts would sink SPX

    JPMorgan: “zero-day” options contracts would sink SPX

    Used cars prices rise unusually in the U.S

    Used cars prices rise unusually in the U.S

    Chinese mobile manufacturers want to go after Apple and Samsung

    Chinese mobile manufacturers want to go after Apple and Samsung

  • Markets

    Why the U.S. banks’ cash crisis is the Fed’s fault

    Pontegadea continues to buy real estate: now the target is London

    Pontegadea continues to buy real estate: now the target is London

    BMW adds to profits thanks to Rolls Royce and Mini

    BMW adds to profits thanks to Rolls Royce and Mini

    Puma achieves record sales in last year with Gulden as CEO

    Puma achieves record sales in last year with Gulden as CEO

    Nike and Decathlon lead as the world’s largest sports retailers

    Nike and Decathlon lead as the world’s largest sports retailers

    Walmart unstoppable: sells U$S 611 billion in 2022

    Walmart unstoppable: sells U$S 611 billion in 2022

    Experts: recession to come at the end of rate hike cycle

    Experts: recession to come at the end of rate hike cycle

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

  • Investing
    Warren Buffett’s best advice to Bill Gates

    Warren Buffett’s best advice to Bill Gates

    What are AT1 bonds and why did Credit Suisse make them news?

    What are AT1 bonds and why did Credit Suisse make them news?

    Hedging hurts more than stock market declines, study says

    Hedging hurts more than stock market declines, study says

    How to manage risk in times of stock market volatility

    How to manage risk in times of stock market volatility

    Gold investment price

    Why a physical gold IRA is becoming a hot investing topic

    Home Depot announces dividend increase

    Home Depot announces dividend increase

    The fall in Alibaba’s earnings softens

    The fall in Alibaba’s earnings softens

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    The biggest investment mistakes made by Warren Buffett

    The biggest investment mistakes made by Warren Buffett

  • Technology
    Mexican fintech unicorn bets on expansion in Brazil

    Mexican fintech unicorn bets on expansion in Brazil

    7 Reasons to Invest in Instagram Marketing

    7 Reasons to Invest in Instagram Marketing

    Why Americans want to remove Instagram from their phones

    Why Americans want to remove Instagram from their phones

    Tesla prepares a Model Y update: what we know about “Juniper”

    Tesla prepares a Model Y update: what we know about “Juniper”

    Li-Cycle to recycle lithium batteries in Rochester

    Li-Cycle to recycle lithium batteries in Rochester

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Amazon goes all-in on live sports streaming

    Amazon goes all-in on live sports streaming

    Bing’s AI has “lost its mind”

    Bing’s AI has “lost its mind”

    ChatGPT’s Chinese competitor to be launched in March

    ChatGPT’s Chinese competitor to be launched in March

  • CryptocurrenciesTRENDING
    SEC redoubles pressure against the crypto sector

    SEC redoubles pressure against the crypto sector

    Do Kwon and Chang-joon apprehended trying to escape to Dubai

    Do Kwon and Chang-joon apprehended trying to escape to Dubai

    Circle’s exposure to SVB is $3.3 billion

    Circle’s exposure to SVB is $3.3 billion

    Crypto crisis drives Silvergate into bankruptcy

    Crypto crisis drives Silvergate into bankruptcy

    Censorship resistance: what is it and why is it so important in the crypto industry?

    Censorship resistance: what is it and why is it so important in the crypto industry?

    Forbes claims Binance is in trouble, Zhao denies it

    Forbes claims Binance is in trouble, Zhao denies it

    SEC reportedly preparing a battle against stablecoins

    SEC reportedly preparing a battle against stablecoins

    U.S. regulatory pressure on cryptomarket increases

    U.S. regulatory pressure on cryptomarket increases

    What is Crypto Staking and why is the SEC regulating these services?

    What is Crypto Staking and why is the SEC regulating these services?

INVESTOR TIMES
Home Investing

Why a physical gold IRA is becoming a hot investing topic

When it comes to planning your retirement, there are many different options out there. While some may lean more toward traditional investment options like bonds and stocks, others may prefer gold.

David Romero by David Romero
3/9/2023 - 6:47
in Investing
Reading Time: 4 mins read
Gold investment price
Share on FacebookShare on TwitterShare on LinkedIn

Now if you need help figuring out where to start, this guide is for you. We’ll try to pack as much information as you’ll need to decide and probably go about converting your 401k to physical gold or maybe deciding on gold IRA rollover.

It is worth mentioning that gold has been the de facto currency and has stored value for several centuries. However, after money or currency was taken off the gold standard, the popularity of this precious metal didn’t decline, and thus today, it continues to be as popular as ever. That’s why most experts agree that investing in physical gold is the best way to ensure that your hard-earned money isn’t suddenly devalued. Yes, it is possible that your retirement savings can dwindle each time the value of your currency declines.

Why Should You Invest in Gold?

Gold has been known as a safe haven asset, and it actually more than doubled between the years of 2007 and 2011 when the United States went through an awful recession that saw home prices nad stock markets tumble.  Savvy investors who moved gold to their retirement saw massive gains in their savings while others had to worry about if they had saved enough for retirement.

Numerous Gold Options

Now before you decide, it is worth mentioning that it pays to do your research to understand all the options at your disposal. There are a few ways to use your 401k to invest in gold; every option has its own set of pros and cons. But understanding each one of these pros and cons will help you decide if gold is a good option.

Popular types of physical gold investments include but may not be limited to:

Gold Coins

Many people prefer to invest in gold coins because they are simple to buy, and when the time comes selling them is quick too. Plus, storing and moving them around or out of your gold IRA account isn’t a hassle either.

You only need to choose how much you want to invest based on your budget. Remember that gold coins are available in several sizes and types.

Gold Rounds

Even though to the untrained eye, rounds may resemble coins, they are not legal tender. These are often less expensive compared to gold coins, thus simple to buy and sell.

You can choose how much you want to invest and buy the right size rounds based on that. However, you’d only want to purchase rounds from reputed sellers.

Gold Bars

Usually, gold bars tend to be larger than coins, and thus they can be purchased and sold relatively easily. Also referred to as bullion, they are available in various sizes, so you can choose a size that best suits your budget.

Gold investment

Buy From A Reputed Dealer

After you have decided that buying gold is a great investment, with money from your 401k, the next step is to find a dealer. Choosing a dealer is very important since not all dealers can be trusted or will necessarily offer you a good deal.

Some dealers will charge high fees; others may need to be licensed and insured to sell gold. So you will want to do your research ahead of time before buying from any dealer or so-called gold IRA companies.  While many websites recommend various companies, the owner of IRAInvesting.com went public with his own personal investment with Goldco, showing no hesitation to prove to everyone he put his money where his mouth is.

You will also want to get quotes from a few companies before deciding on whom to buy your gold from and how much to buy. Every gold IRA company is different so familiarize yourself with their policies.

Rolling Over Your 401k

The vast majority of 401k programs strictly prohibit people from buying gold or other precious metals directly, especially not physical gold. So, if you are still employed at a company that sponsors your 401k, you must start by rolling over to a self-directed IRA before buying gold.

The process is, fortunately, simple, but you will want to understand each step and proceed by the book.

Buy The Gold

After the money is transferred from your 401 k to your IRA, you can buy gold and silver coins (depending on what you plan on doing). This can be done via a dealer or buy directly from a refinery. In the case of gold bullion, you will want to purchase from a reputed seller.

You Need To Hire A Self-Directed IRA Custodian For Precious Metals IRA

A self-directed IRA custodian is a financial institution that holds and manages individual retirement accounts (IRAs) for investors who want to direct their investments. Unlike traditional custodians, a self-directed IRA custodian allows investors to invest in a wide range of assets beyond the typical stocks, bonds, and mutual funds, such as real estate, private equity, and precious metals. However, the custodian does not provide investment advice, and the responsibility for making investment decisions rests solely with the gold IRAs owner.

However, it is worth mentioning that not all IRA custodians are equal. When in the market for a custodian to take care of your gold investment, you will want to consider the following features:

Licensed

You need to hire a custodian that’s licensed. A licensed custodian ensures that your investment is protected since they adhere to the highest standards.

Storage

The next step is to decide how the gold will be stored. Some custodians have storage facilities, but others subcontract this to third parties. You will want to consider every option’s costs and convenience before moving ahead.

Fees

Most custodians charge annual fees in addition to transaction fees. You always want to compare the fees charged by various custodians before deciding on which one gets your business.

Experience

Experience is a significant factor for anyone who wants to invest in gold. Ideally, you will want to choose a custodian with direct experience handling gold investments.

Certification

You always want to choose a custodian that’s IRA certified: it does tell you that the custodian in question is held to a certain standard

You always want to choose a custodian that’s IRA certified. The certificate isn’t required, but it does tell you that the custodian in question is held to a certain standard.

A full list of trusted companies is available on Cayman Financial Review, an educational portal that guides consumers on making wise financial decisions.

Final Word

Investing in gold can provide a hedge against inflation, diversify your portfolio, and serve as a store of value. Its limited supply and recognized intrinsic value, gold can offer a tangible sense of security and stability in times of economic turmoil. However, investors should carefully consider the risks, including fluctuations in price, high transaction costs, and storage fees.

Gold as an investment strategy can be smart, but it should be done with a clear understanding of investment goals and risk tolerance.

Tags: Economic recessiongold investingGold IRAgold trading

Related articles

Warren Buffett’s best advice to Bill Gates
Investing

Warren Buffett’s best advice to Bill Gates

by Pablo Petovel
— March 29, 2023
What are AT1 bonds and why did Credit Suisse make them news?
Investing

What are AT1 bonds and why did Credit Suisse make them news?

by Alejandro Gil
— March 27, 2023
Hedging hurts more than stock market declines, study says
Investing

Hedging hurts more than stock market declines, study says

by Alejandro Gil
— March 15, 2023
How to manage risk in times of stock market volatility
Investing

How to manage risk in times of stock market volatility

by Santiago Contreras
— March 9, 2023
Home Depot announces dividend increase
Investing

Home Depot announces dividend increase

by Alejandro Gil
— March 3, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Last published articles

Warren Buffett’s best advice to Bill Gates
Investing

Warren Buffett’s best advice to Bill Gates

by Pablo Petovel
— March 29, 2023
SEC redoubles pressure against the crypto sector

SEC redoubles pressure against the crypto sector

by Alejandro Gil
  March 28, 2023

Mexican fintech unicorn bets on expansion in Brazil

Mexican fintech unicorn bets on expansion in Brazil

by Pablo Petovel
  March 28, 2023

What are AT1 bonds and why did Credit Suisse make them news?

What are AT1 bonds and why did Credit Suisse make them news?

by Alejandro Gil
  March 27, 2023

Why the U.S. banks’ cash crisis is the Fed’s fault

by Santiago Contreras
  March 27, 2023

Facebook Twitter LinkedIn Telegram RSS

ABOUT INVESTOR TIMES

INVESTOR TIMES is an independent publication of economic, finance and investment content, owned and operated by Altas Ventures.

MORE ABOUT US

  • Our team
  • Work with us
  • Advertise on IT
  • Contact
  • Corporate information
  • Terms of Use
  • Cookies Policy
  • Privacy Policy

INTERNATIONAL EDITIONS

Investor Times in English

Investor Times en Français

Investor Times in Deutsch

Investor Times in Italiano

Investor Times em Português

Investor Times po Polsku

Investor Times на русском языке

El País Financiero (edición en Español)

© ATLAS VENTURES SLU, all rights reserved. Any information contained in INVESTOR TIMES is for educational and/or informational purposes only, it is not financial and/or investment advice. INVESTOR TIMES may obtain economic retribution by recommending services or products of third parties. INVESTOR TIMES does not accept, nor will it accept in the future, subsidies or funds from Governments, political parties or public institutions.

No Result
View All Result
  • Home
  • News
  • Markets
  • Investing
  • Cryptocurrencies
  • Technology

  •  EXCLUSIVE  3 Russian men are the real perpetrators behind Juicy Fields, says Glanse

     NEW  Compound Interest Calculator

     TRENDING 
    Investing in Bitcoin Investing in the Metaverse 5 reasons to invest in Amazon

© ATLAS VENTURES, all rights reserved.