Many Americans are choosing to include Precious Metals such as Gold and Silver as part of their retirement planning. They are choosing Precious Metals to protect against increasing market volatility, worldwide economic turmoil and the constant threat of imminent inflation. Tangible assets like Gold and Silver make the profitability and safety of your retirement portfolio far more attainable.
Gold and Silver cannot be devalued by governments or tampered with by central bankers or politicians. Gold and Silver are referred to as the “Crisis Commodity”. They have an inverse relationship to negative economic events and are a great cornerstone of diversity.
Self-Directed IRAs utilizing checkbook control offer an economical and versatile platform for precious metal investments that allows for tangible possession. This kind of IRA makes use of a dedicated LLC as the primary investing platform. The LLC becomes the investment platform for the IRA and as such makes the precious metal purchase.
Using a self-directed LLC professional setup; the investor can easily shop for gold suppliers and choose a suitable one that best fits the needs of the IRA. It enables one to get personal possession of the qualifying metals. This eliminates the transaction fees and the holding costs that are associated with the depository and the custodian. A reputable precious metals dealer will advise the IRA owner which purchases can be held either personally or through the use of a depository.
For those investors who have IRA brokerage accounts, one of the easiest and safest ways to invest in gold is through ETFs (exchange-traded funds). These investments work in a manner similar to stock shares, selling through stockbrokers in small units. In general, ETFs are considered to be blind investments that aren’t proactively managed as mutual funds. Rather, they follow the normal ups and downs of the particular market indexes, which is demanded in the case of gold.
Precious Metal Custodians
Certain precious metal purchases do not allow for physical possession. The pressure metals IRA custodian offers a structure for the IRA to purchase a certain amount of physical gold as the primary asset and place it in a certified facility for holdings.
The offering company generally supplies the complete package, including physical gold and investment framework as well as the setup with the depository. This method tends to be a bit costly due to the purchase price coupled with additional markup, holding, handling, and maintenance fees charged by the depository. In case the investor wants to diversify into other assets, additional exit fees will make the investment even more expensive.
Gold and Silver are considered to be two of the safest investments of all-time due to their ever-increasing value and obsession among people. Investing in precious metals utilizing a Self-Directed IRA LLC through any of the above methods should provide safety and growth and great diversification.
Rick Pendykoski is the owner of Self Directed Retirement Plans LLC, a retirement planning company based in Goodyear, AZ. He has over three decades of experience working with investments and retirement planning, and over the last ten years has turned his focus to self-directed ira accounts and alternative investments. If you need help and guidance with traditional or alternative investments, call him today (866) 639-0066.