7 Gold and Silver IRA Aspects You Better Know

Chances are, you’re looking for a better way to safeguard you retirement portfolio rolling over your IRA to gold and silver.

According to Google, almost 97 people in the United States search daily for anything related to precious metals IRA’s and that’s becoming a hot trend right now. By reading on this website you can find there are solid reasons for people trying to invest in gold and silver through their IRA’s. This video explains in some way why people are turning their “cash-made” IRA’s into precious metals.

Sad truth. Money is losing value…

Billionaire people are buying gold…

Central bank maybe is not as transparent as we could think…

These days, we must think about our futures and find out the best ways to save and protect money for our families. Openning up a gold and silver IRA is for sure a good investment plan for the future. Gold and silver are a wise investments and their value rises constantly. People from ancient times have used precious metals as an insurance policy, as well. Even if everything else in the world loses its value, the value of gold and silver will remain intact.  Do you know why?

1. Why Gold And Silver Are So Appreciated

A little bit of history can tell you exactly why this is as it is.

Precious-Metals-Ira

Gold And Silver Backed IRA

Back in the day when we used to live in primitive tribes, we used to spend our time looking for a way to survive. Human beings are more concerned about gathering foods and hunting. But human mind evolved and tried to come up with new lifestyle ideas and insights about how to live better ( like build homes, streets, etc) and how to protect from external environment.

This particular fact allowed us to “get ahead of the game” and willing to have control of everything around us as food, tools and jewerly. So we had one choice: learn what to do to improve our lives using our time to create products and trade one product or skill with other people.

But let’s suppose you were skilled at phishing and got tons of fish and me, skilled at hunting pigs wanting to trade something. But I did not want fish at that moment…So how things were going to be exchanged between us?

We needed a standarized unit of trade. We need something that could allow us buy anything we wanted and sell anything we had to people interested in our products or skills.

You named it: Money!. Initially a special kind of shell. Hell yeah! I could give you some shell and you gave me some fish. Awesome!. But that shell used to get damaged easily and obviosuly, it wasn’t attractive to have a lot of corrosive shell beacuse we would have no way to trade things.

So we decided to use grains as a standarized unit of trade. At the end, if you didn’t want me to give you grains, I could eat it, so it was valuable for me.

And lastly, a new form of money, brilliant and attractive surfaced. The so called “ultimate money”:

Silver and Gold

Both are the principle of money. The very first acceptable form of trading things wihtout having to worry about corroding or carrying. Nowadays, they are basic elements aroung technologies, medicine, science because they are highly conductive.

Both are valuable in and of themselves, because you can exchange gold or silver by foods, clothes, etc. But if you finally didn’t find anyone who want them, you can make jewerly, computer chips or tooth fillings. Pretty amazing discover eh?.

But I got you bad news…

“Brilliant human beings” came up with the idea of having something that hadn’t intrinsic value as gold and silver, but acted as a promise of it. That’s when “paper notes” that were backed by silver or gold appeared (Right now called “cash money”) and that could be traded in for.

And guess what. Those bright-minded people also came up wiht the idea to disconnect these paper notes from the gold and silver, so you could have a paper note but not backed by anything. Just a promise within a piece of paper. Say “Hi, Government”.

Since then, paper notes are not backed by precious metals anymore. When government needs money, they print notes. That printed money allow them, among other things,  pay off external debt. But they created a terrible economic scenario every time the print more and more paper money. It is called inflation.

Everytime the print more paper money, its value is diluited. Our money is being vanished every single day passively and that’s why we need more and more money to live our lives.

Do you understand why gold and silver got their high value? They are limited. Government can not print them and they are the foundation of all economy since ancient times.

For example, look at this gold chart:

Gold Chart

Gold solely has raised his price up to 600% since early 2000’s unllike other investment vehicles as mutual funds or stocks. Look what happened when the economy crashed at the middle of 2008. People became unsure about their future, so they decided to “protect themselves” acquiring gold. It is simple, people feel safe with it and that’s reasonable since gold and silver are the back-end of any economy. It’s a no brainer for protecting that printed-non-backed hard earn money.

Now, I have found something pretty amazing when it comes to US debt vs Gold price. Gold is extremely cheap relative to the rising level of debt. Governments, specially US, are ridiculously indebted.

Gold price vs US debt

So if you have some money in your IRA / 401k or some cash money. Would you consider to rollover part of it to gold and silver?. Are you willing to protect yourself from future economic downtimes?. Here is what you have to do.

2. What Is A Precious Metals IRA

A precious metals IRA are individual retirement accounts that are backed by high valued metals as gold, silver, palladium or platinum instead of stocks, bonds and mutual funds. Investors can put many different items in an IRA account for precious metals. Some of the qualifying items include American Eagle Coins, Australian Kangaroo, Canadian Maple Leaf among other bullion and proofs. You can find full guidance on what are the best ones for your needs as soon as you contact some company that can help you on this (Find the top rated ones at my PDF).

3. Two Major Benefits Behind a Gold and Silver IRA

  • The account protects the consumer from inflation costs since precious metals are limited and almost always raising prices. Demand for gold and silver will exist forever since they are limited goods. Central banks can not print precious metals as they do with cash money.
  • It has tax benefits: A precious metals IRA can provide you with a non-consequential ability to transfer gold IRA or silver IRA funds to another investment account. You will not have to pay any penalties and fees for such a transaction, so it protects and saves you money.

4. How Can You Rollover Your IRA to Precious Metals

A consumer can perform a rollover on a variety of investment accounts to gold and silver IRA accounts. A rollover is a transfer from one investment account into the next investment account. For example, a person can transfer money from a 401K to a gold IRA account. Other types of accounts that a consumer can rollover from are:

  • Pension plans
  • Roth IRA accounts
  • Simple IRA accounts
  • SEP IRA accounts
  • TSP IRA accounts
  • Tax-sheltered annuities and more.

By the way, you can’t do this alone. You will need to speak with a case manager or some company account custodian to initiate the transfer with ease. There are several precious metals custodians ready to guide you on this process. Due diligence is highly advised prior to rollover, that’s why I have attached a free report at the right side of this page for this important task. You can download it just entering your email.

5. How To Open A Silver IRA or Gold IRA Account

On every company you can deal with, this process is exactly the same. You have to research and take notes from every company out there. Refer to my free guide prior to “shake hands”. Here is what you have to do to open an account:

  1. Researching, calling, taking notes and making proper due diligence, at least with the top 5 gold and silver IRA companies available. I have extracted the best ones in my PDF.
  2. Submitting an online application in order to be called by a representative.
  3. Fill out some paperwork online or offline for your current IRA or 401k custodian to transfer funds.
  4. Wait for at least 3 days for your funds to be placed in your new IRA.
  5. Choose an investment portfolio. Normally composed by different proportions of gold and silver. Ask your representative which is the best for your expectations.

Boom!…You got a precious metals backed IRA. Simple as that.

6. What Kind Of IRA Can You Open Up

  • Self-Directed Precious Metals IRA

A self-directed precious metals IRA account is an account that provides you with a ton of flexibility. For example, you can invest in a plethora of assets such as precious metals, real estate, stocks, bonds, private equity and the like. The term “self-directed” means that the account holder has the flexibility to make important account decisions to adopt alternative assets. That’s pretty important if you want a diversified IRA investment portfolio, which is highly recommended for almost every representative. Thanks to this particular kind of IRA, you are allowed to have a physical gold and silver IRA.

A physical precious metals IRA is a special type of investment, where most investors want their money invested on physical gold and silver bullion and coins. Also you can invest in palladium and platinum. The only difficult aspect is that IRS stated some stipulations on this matter and you can not buy any kind of precious metals. Ask your representative which kind of bullion, coins and proof you can invest in. Here you can find the complete list of IRS approved gold and silver.

  • Roth IRA

Several differences exist between a traditional IRA and a Roth gold IRA or silver IRA. The Roth precious metals IRA is an account that provides the account holder with protection against inflation. One of the main benefits of a Roth IRA is that the person can deduct from the contribution at any age. No taxes will be assessed to the person for taking money out of the Roth IRA account. Roth accounts have some stipulations on them, however you are required to earn less than $116,000 to own one, and a married couple can make no more than $193,000.

7. Which Companies Can Help You Open Up A Gold And Silver IRA

There are several precious metals companies ready to help you on this process. Be prepared to research prior to make an investment. At the very end, you’re not going to throw your hard earn life money to the first company that offer you a “Tax-Free Gold Ira Account”, just beacause of that. You will find top rated companies such as:

  • Regal Assets LLC
  • Goldco Precious Metals
  • Advantage Gold
  • Capital Gold Group
  • Rosland Capital

If you have downloaded my free PDF where I show you how to choose your company, you can see the main 7 factors you have to evaluate on every company out there and what I have considered these are the top 5 gold and silver IRA companies right now. You will find full guidance with this material, so take it seriously.

My Thoughts On Precious Metals IRA’s…

Times are volatile right now.  Unfortunately, we have no absolute control over our economic environment, which puts us at a disadvantage position against our future. But if we know that we can leverage commodities like gold and silver (basic elements of nature and main foundations of any economy) and have greater certainty about our future, why not use them to our advantage?. The law allows it. It should be for solid reasons. They know it.