Have you heard about creating a gold IRA?
No, I’m not talking about investing in gold mining companies. Instead, I’m talking about actually creating a gold-backed IRA. This is an individual retirement account that’s backed with tangible assets – like gold bars, coins and other bullions – rather than little slips of paper like stocks.
Plenty of keen investors are getting turned onto the idea of creating a gold IRA. And here’s why: if there’s one thing you can count on, it’s that the US economy is going to up and down like a rollercoaster. Lots of people cheer and do plenty of backslapping when the economy is riding high. But when it tanks, people get mean. They get mad. And no wonder – many of them lose their retirement savings because they’ve put all their money into stock-heavy IRA accounts. It ain’t pretty.
However, there’s one group of people who almost always sleep well at night when the economy tanks. And that’s the people who’ve created a gold IRA. That’s because those who own a gold-backed IRA know that they still have tangible assets sitting in a trusted repository.
Here’s why gold IRAs are so popular:
- Gold tends to trend upward over time. Just check the gold prices over the last few decades and you’ll see what I mean. People who created a gold-backed IRA when the IRS first allowed it (back in the 1990s) are probably smiling now.
- Gold tends to trend upward as the stock market goes down. That’s why people with a gold-backed IRA tend to sleep well at night while those with traditional stock-backed IRAs toss and turn.
- Gold doesn’t depend on a good business model in order to make you money. Businesses fail all the time due to bad decision making or even crooked owners or employees. But when you create a gold IRA, your assets are sitting safely in a repository – and you don’t have to worry because the value of your gold-backed IRA doesn’t depend on someone else’s business model or business decisions.
- Gold is easy to liquidate. When it comes time to convert your gold IRA into cash, it’s easy to do.
You can see the many reasons why it’s a good idea to set up a gold IRA. Fortunately, creating a new gold-backed IRA or converting a traditional IRA to a gold IRA isn’t all that difficult, especially when you talk to our gold IRA specialists here at 57Gold.
Basically, what will happen is that you’ll need to set up a self-directed gold IRA through a trust company. You’ll then decide what types of gold bullion you’d like to contribute to your gold IRA. You’ll need to follow the IRS regulations, which state only specific coins are allowable (such as the US Eagle, US gold buffalo and similar coins) and other bullion that’s 99.9% pure.
Since you can’t fund your gold IRA using any existing gold you might have in your possession, the next step is to instruct your trust to fund your gold IRA via 57Gold. Finally, the gold for your gold-backed IRA will be kept in a trusted repository, and you’ll sleep well at night.
Ready to get started? Then contact our gold IRA specialists right now at 888-950-4653 – we look forward to working with you!