In today’s post, I will present gold ira information that I think you ought to be aware of if you are thinking about opening such an account to invest in for your retirement years. As you may already know, Gold IRAs are a necessary investment vehicle in times of economic instability, but you also need to get the basics right if you are to benefit from these accounts. Read on to find out what you need to know.

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P.S.

See my Top-5 List of Gold & Silver IRA solutions

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Introduction: What is a gold IRA? 

The term gold IRA refers to a unique individual retirement account (IRA) that makes it possible for investors to hold gold as part of their retirement investment portfolio. Investors who own gold IRAs can purchase and hold physical metals in the form of bullion coins and bars within their accounts. 

Gold IRAs are held separately from traditional IRAs, although the rules pertaining to the contribution limits as well as the distributions are the same for these IRAs. One can open a gold IRA with the help of a broker or an IRS-approved custodian. 

***Is it Wise to Invest in Gold by Doing a Gold IRA Rollover?

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More Gold IRA Information: Understanding Gold IRAs

Individual Retirement Accounts are tax-advantaged accounts that enable individuals to save for their retirement years. There are different forms of IRAs, including traditional, Roth, and Gold IRAs. As already introduced, gold IRAs make it possible for investors to aside some of their money in IRS-approved precious metals. According to the IRS rules pertaining to investing through IRAs, these accounts must always be held separately from regular IRAs. 

Gold IRAs are in some cases referred to as precious metal IRAs. Investors can either set them up using pretax funds or in the form of a Roth IRA, with which one is required to use post-tax funds. Unlike other types of IRAs, gold IRAs require the purchasing and storage of physical gold. This in turn necessitates the provision of services by a custodian, which is typically a firm that is approved to manage the gold IRA.

With traditional IRAs, investors are allowed to hold paper assets such as stocks, mutual funds, ETFs, etc. With gold IRAs, which are self-directed IRAs, account holders can purchase coins and bars manufactured from precious metals such as: 

• Gold 
• Silver 
• Platinum
• Palladium 

Note that you are not limited to physical precious metals only if you are a gold IRA account holder. You can also invest in gold-based paper assets, in the form of:

• Exchange-Traded Funds
• Precious metal mutual funds 
• Stocks offered by gold mining firms
• Gold futures 

Also, gold IRAs come with higher fees than regular IRAs because they require you to buy and store precious metals. 

How to Convert my IRA to a Gold IRA | 6 Steps To Follow!

How do Gold IRAs Work? Do They Have Any Tangible Benefits?

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Special consideration for Gold IRAs

You cannot create a gold IRA with traditional custodians such as conventional brokers. These companies do not offer support for specialty accounts such as gold IRAS. If you are interested in creating a gold IRA, therefore, you have to look for a special custodian or a gold IRA company that can handle the documentation and compliance enforcement, as well as reporting for tax purposes. 

As much as the assets held in gold IRAs differ from those held by traditional IRAs, the investing rules are the same. This simply means that you cannot exceed the annual contribution limits and you must stick to the regulations pertaining to distributions when the time comes for you to start making withdrawals, as explained below:

• The contribution limit for gold IRAs is currently at $6000 ( in 2022). Those aged 50 or older are, however, allowed to contribute an extra $1000 ( to make the contribution of $7000).
• You are allowed to start taking distributions without incurring penalties after turning 59 ½ years. The withdrawals made before this age are subject to an additional 10% early withdrawal tax. 

Storage is another major consideration when it comes to gold IRA investments. One must keep their physical gold at an IRS-approved depository. You are not allowed to store your gold at home, hence anyone who tells you that you can take up the home storage option is leading you astray. Storing your IRA gold at home counts as a withdrawal, for which one has to pay taxes and penalties.

Read more about gold IRA considerations here: Gold IRA Rules and Regulations | Put Gold in Your IRA 2022

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What are my options: Types of Gold IRAs

Gold IRAs come in different forms that you can choose from, including:

1. Traditional Gold IRAs 

These are retirement accounts that are funded with pre-tax dollars. The contributions and their earnings, therefore, grow on a tax-deferred basis. The investor only pays taxes on withdrawals at retirement.

2. Roth Gold IRAs

The contributions that an investor makes to a Roth Gold IRA are funded using after-tax money. This means that the investor does not get immediate tax advantages. They, however, do not pay taxes when it comes to taking distributions at retirement. 

3. SEP Gold IRAs 

Like traditional Gold IRAs, this type of account is available to the employees of small businesses, as well as self-employed individuals. One is only taxed on their withdrawals during retirement rather than any contributions they make. The IRS imposes limits on SEP IRAs of any kind. This means that individuals can set aside up to 25% of their annual compensation, or $61,000, whichever is less. 

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Do Gold IRAs have any risks?

Historically, it has been observed that gold performs well during periods of financial uncertainty, more so when the global stock market is experiencing significant volatility for extended periods of time. But even with the highs and lows, there are times when stocks still perform better than gold. In most cases.

You will find that the prices of gold and paper assets are negatively correlated. This means that when stocks are performing poorly, gold prices are on the rise and vice versa. As an investor, you can as such benefit from diversifying your portfolio to ready yourself for both scenarios. It is not a good idea to put all your eggs in one basket.

My recommendation is that you only hold 5 to 20% of your retirement holdings in gold. This is because this precious metal also has its short-term volatility that can affect you negatively. As a long-term asset, however, gold has been found to perform quite impressively. This is why it is used as a store of value by investors who want to protect their portfolios from inflation.

More:

**Gold Investment in Inflation | Is it a Necessary Addition?

**How do Gold IRAs Work? Do They Have Any Tangible Benefits?

**Gold Retirement IRA Planning | Getting Started The Right Way

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Frequently asked questions on “Gold IRA Info”

1. Are Gold IRAs safe?

Gold IRAs are mostly safe. You should have little concern about physical security and fraud if you choose a trusted custodian for your Gold IRA. Gold IRAs, like all investment accounts, fluctuate in value due to market volatility caused by a variety of factors.

While gold has enduring value in our culture, the gold market fluctuates (often drastically). This does not make a Gold IRA risky; rather, it makes it an investment like any other, and it should be assessed for suitability in one’s portfolio in the same way as any other investment.

When it comes to the physical security of a Gold IRA, keep in mind that actual gold is involved. In most circumstances, the gold will be stored in a secure place by a third-party custodian.

2. What kinds of metals can I invest in with a Gold IRA?

A Gold IRA can be used to invest in more than just gold, despite its name. You can buy gold, silver, platinum, or palladium with a Gold IRA. Because of this diversity, a Gold IRA is also known as a Precious Metals IRA.

As all of the above metals represent different markets, their cost and return characteristics vary. For example, gold might have a good month, while silver might not, and so on. Remember that you can invest in more than one metal at a time, so you can further diversify your Gold IRA account by investing in two or more metals.

3. Why should you invest in a Gold IRA?

As the old saying goes, “Don’t put all your eggs in one basket.” Building a retirement portfolio is similar in that you don’t always put all of your money into the same asset class. A Gold IRA allows you to diversify your retirement resources by investing a portion of them in a new asset class. Gold IRAs are usually “self-directed” accounts, which means you, the investor, have complete control. This gives you the freedom to make the decisions that are best for your position and goals, investing more or less as needed and on your own timetable.

4. Is transferring or rolling over to a precious metals IRA difficult or time-consuming?

Converting your existing retirement plan to a precious metals IRA is simple and quick. Your precious metals advisor and IRA liaison will assist you with all of the necessary paperwork and paperwork. It normally takes one to three weeks. 

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Also Read:

==> See my #1 Recommended Gold & Silver IRA Solution

==> See Top-5 Recommended Cryptocurrency IRA Solutions

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That will be all for this post on the basic gold IRA information that you ought to know. I hope that you found it informative and that you now know what to do if you are getting started with investing in gold. Let me know if you have more questions about today’s topic, by dropping them in the comments section, and I will get back to you ASAP. I wish you well.

Eric, Investor and Team Member at Gold Retired!

Trying to find The Best Gold IRA Storage can feel like a hard task. That´s why we have included fees comparison and other helpful info on this page, to make the job easier for you. Hopefully, this page can help you decide where to store your invested precious metals, let´s look into it!

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P.S.

See our Top-5 Recommended Gold & Silver IRA Investment Companies on this page

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When it comes to storing your gold in an IRA, you want to make sure that you are doing it with a company that you can trust. Not all storage companies are created equal, and some are far better than others. So, how do you know which company is the best for your needs? In this article, we will discuss the best gold IRA storage companies and help you decide which one is right for you! Let’s get started!

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Gold IRA Storage Fees Comparison

When it comes to gold IRA storage fees, there are a lot of options to choose from. We will compare the different storage fees that these top companies offer: Goldco, Augusta Precious Metals, Advantage Gold, Birch Gold Group, Regal Assets, Hard Assets Alliance, Noble Gold, and American Hartford Gold.

1: Goldco: Goldco offers a variety of storage options, including segregated, non-segregated, and international storage. Segregated storage fees start at $125 per year and increase depending on the amount of gold you have stored. Non-segregated storage fees are $100 per year for the first year and decrease thereafter. International storage fees are $250 per year. The initial deposit fee is $25,000 but your fees are waived for the first year upon depositing at least $50,000

2: Augusta Precious Metals: Augusta Precious Metals offers segregated, non-segregated, and international storage. Segregated storage fees start at $100 per year and increase depending on the amount of gold you have stored. Non-segregated storage fees are $75 per year for the first year and decrease thereafter. International storage fees are $200 per year.

3: Advantage Gold: Advantage Gold offers segregated, non-segregated, and international storage. Segregated storage fees start at $125 per year and increase depending on the amount of gold you have stored. Non-segregated storage fees are $100 per year and decrease thereafter. International storage fees are $250 per year.

4: Birch Gold Group: Birch is quite cheaper compared to its competitors. The minimum IRA investment here is $10,000. Just like Goldco, your fees are waived if your initial deposit is at least $50,000. Birch Gold Group offers segregated, non-segregated, and international storage. Segregated storage fees start at $125 per year and increase depending on the amount of gold you have stored. Non-segregated storage fees are $100 per year and decrease thereafter. International storage fees are $250 per year.

5: Regal Assets: The minimum initial IRA investment with this brand is $10,000. Regal Assets offers segregated, non-segregated, and international storage. Segregated storage fees start at $125 per year and increase depending on the amount of gold you have stored. Non-segregated storage fees are $100 per year for the first year and decrease thereafter. International storage fees are $250 per year.

6: Hard Assets Alliance: Hard Assets Alliance offers segregated, non-segregated, and international storage. Segregated storage fees start at $125 per year and increase depending on the amount of gold you have stored. Non-segregated storage fees are $100 per year and decrease thereafter. International storage fees are $250 per year.

7: Noble Gold: This company is very competitive. The minimum initial IRA investment is $2,000. Noble Gold offers segregated, non-segregated, and international storage. Segregated storage fees start at $125 per year and increase depending on the amount of gold you have stored. Non-segregated storage fees are $100 per year for the first year and decrease thereafter. International storage fees are $250 per year.

8: American Hartford Gold: American Hartford Gold offers segregated, non-segregated, and international storage. Segregated storage fees start at $125 per year and increase depending on the amount of gold you have stored. Non-segregated storage fees are $100 per year and decrease thereafter. International storage fees are $250 per year.

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Gold & Silver IRA Companies listed (with features)

We now take a more comprehensive look into the features of the top-rated and best-performing companies in the industry.  Whereas the information presented about them is collected from credible sources, through a rigorous research process, you should also not forget to do your due diligence before settling on any of them. With that out of the way, let’s take a look at what each of them brings to the table:

1. Goldco

Goldco is one of the leading (and fastest-growing) gold IRA storage companies in the United States. They offer a variety of services, including gold storage, precious metals investing inside an IRA, or direct purchases. Goldco is a great choice for those who are looking for a reliable and trustworthy company to store their gold. Their minimum investment amount is $20k (inside IRA) and as low as $3,5k (outside an IRA through a direct purchase).

Goldco has been in business since 2006 and is one of the most experienced gold IRA storage companies around. They are a BBB Accredited Business, and their customer service is top-notch. We have yet to see another gold company in the industry that got better ratings from more independent third-party consumer protection agencies! Goldco also offers a variety of other services, such as gold IRA rollovers and transfers, precious metal investing, and more.

From account set up to their latest transaction, customers are continuously provided with excellent customer service. They offer a wide range of gold IRA storage options and their fees are very reasonable. Their “white-glove” service allows direct access to a specialist to guide you through every step including setting up your account. Goldco encourages its customers to visit its storage facilities and provides a free tour of its Salt Lake City vault for those who are interested.

Key Highlights

• BBB Accredited Business
• Top ratings from Trustpilot + ALL major independent third-party consumer protection agencies
• Excellent customer service
• Wide range of gold IRA storage options
• Reasonable fees (& 100% transparent)
• “white-glove service
• 401 (k) Rollover
• Simple IRA Planning
• SEP IRA Planning
• Works with ALL major IRA custodians

Pros

• Excellent customer services
• Reasonably priced
• BBB accredited
• Offers a wide range of gold IRA storage options

Cons

• Only deals with gold & silver

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2. Augusta Precious Metals

This is another great storage option for your gold IRA. Augusta has a lot of experience in the industry and is one of the few companies that can store gold and other precious metals. When you visit their website, you will see that they offer a variety of storage options, including segregated, co-mingled, and allocated storage.

They also have private and secure storage in a high-security depository. Their website is well-organized with a wealth of information on gold IRA investing. Their homepage is easy to navigate and their customer service is excellent. They offer a wide range of investment options and have a low-investment requirement.

Augusta was established in 2007 and is one of the largest dealers of physical precious metals in the United States. Augusta offers 12 depositories across ten states and a variety of storage options. They have a state-of-the-art facility that is fully insured and audited regularly.

In terms of customer service reputation, Augusta is top-notch. They are accredited by the Better Business Bureau and have an A+ rating. They have a dedicated customer service team that is available to answer any questions you may have. Each department in this company is designed to assist with different types of customer questions including gold IRA service so that you can get the help you need as quickly as possible.

Key Highlights

• Flexible storage options
• A lot of experience
• Can store gold, silver
• Private and secure storage
• Excellent customer service

Pros

• Lifetime service provide
• Easy to set up
• Competitive prices
• Superb reputation for their customer service

Cons

• High minimum deposit ($50k for both IRA and direct purchases)

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3. Noble Gold Investments

Noble Gold Investments is a great storage option for your gold IRA. They have a lot of experience in the industry and are one of the few companies that can store gold, silver, platinum, and palladium. Noble Gold Investments is also one of the only companies to offer private and secure storage in a high-security depository.

With a low-investment requirement, broad or rather extensive educational resources, and a generally good customer service experience, they are one of the better choices for those looking to invest in gold.

The company was established in 2016 and has been growing steadily since. They offer a variety of storage options, including segregated, co-mingled, and allocated storage, as well as home storage and international storage.

Segregated storage means that your metals are stored separately from other clients’ metals, so there is no risk of commingling. Co-mingled storage is when your metals are stored with other clients’ metals, but they are still segregated by weight and purity. Allocated storage is when your metals are stored with other clients’ metals, but they are segregated by weight, purity, and serial number.

One of the unique offers that distinguish Noble Gold is its Royal Survival Packs. Typically, these are given to clients who are looking to invest larger sums of money into gold and silver. The packs include a variety of items that can be used in an emergency, such as a water filter, fire starter, and emergency food rations.

Noble Gold makes it easier for its customers to roll over your Gold IRA or 401k to physical gold and other retirement options. They offer a wide range of investment options including coins, bars, rounds, and even rare collectible numismatic gold and silver.

Signing up with this company is easy. You can do it all online or over the phone.

Key Highlights

• Flexible storage options
• Offers Royal Survival Packs
• Offers cryptocurrency IRA as well
• Makes it easy to roll over your IRA or 401k
• Sign up is easy

Pros

• A lot of experience
• Can store gold, silver, platinum, and palladium
• High-security storage

Cons

• The fees for storage and shipping are not as transparent as they could be

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4. Regal Assets

Regal Assets is another great choice for those looking for a gold IRA storage company. They are one of the largest and most well-known precious metals dealers in the world. Regal Assets has an A+ rating with the Better Business Bureau and is one of the few companies that are BBB accredited.

Regal Assets offers a variety of services, including gold IRA storage, precious metals investing, and more. They are a great choice for those who are looking for a reliable and trustworthy company to store their gold.

Regal Assets has been in business since 2010 and is one of the few companies that offers gold, silver, platinum, and palladium storage. They are also one of the only companies to offer private and secure storage in a high-security depository.

When it comes to precious metals storage, you want a company that has a lot of experience and is well-trusted. Regal Assets fits that bill perfectly. They have some of the best customer services in the industry. Regal assets contracts with Brink’s, one of the world’s largest and most trusted security companies, to store their client’s precious metals.

Your investment is also fully insured when it’s stored with Regal Assets. They have a $500,000 insurance policy with Lloyd’s of London that covers your precious metals while they’re in storage.

If you’re looking for a top-notch gold IRA storage company, Regal Assets is the way to go. They have the experience, security, and insurance you need to feel confident that your investment is in good hands

Key Highlights

• Excellent storage option for Gold, silver, platinum, and palladium
• Fully insured by Lloyd’s of London
• High-security storage with Brink’s
• Friendly and experienced customer service

Pros

• Top security
• Great experience
• Guaranteed insurance

Cons

• Their focus is not exclusive to gold

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5. Birch Gold Group

If you are knowledgeable about the gold IRA industry, then you have heard of Birch Gold Group. They have been in business for about two decades and are one of the most popular companies. They offer a variety of services such as Precious Metals IRA, Gold IRA rollover, and Physical Gold IRA.

What separates Birch from other companies is that they offer a wide range of investment options including gold, silver, and platinum. They also have a team of experts that can help you make the best investment choices.

Birch Gold Group is a great storage option for your gold. You have two basic storage options if you are working with this group: Brink’s Global Services or Delaware Depository. The Delaware Depository is the gold standard depository that is used by most gold IRA companies whereas the Brink,s Global Service is staffed by an army with armored vehicles to transport your gold.

When it comes to customer service, Birch Gold Group is excellent. They have a team of experts that keep you well-informed. Each customer is assigned a financial advisor to help you with everything including your initial investments and your portfolio management.

They also offer free training to help you comprehend the basics of gold investment and how to use them to your advantage. They are accredited by the Better Business Bureau and have an A+ rating. They offer a wide range of investment options and

Key Highlights

• Assisted account set up
• Vetted custodian and storage services
• Buyback service
• Good selection of IRS verified and approved coins and bullion

Pros

• Offer educational services
• Strong reputation
• Available 24/7
• No fees if you will be transferring over $50,000 in the first year

Cons

• High minimum investment for cash purchase ($10k)

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6. Advantage Gold

Advantage Gold is a well-known and respected gold IRA company. They offer a variety of services, including Precious Metals IRA, Gold IRA rollover, and Physical Gold IRA. They have a team of experts that can help you make the best investment choices.

Advantage Gold is the best gold IRA storage company. They have been in business since 2014 and have an A+ rating with the Better Business Bureau. With its low investment requirement, comprehensive educational platform, and great customer service it is a great platform for first-time buyers.

Their preferred custodian is STRATA Trust Company. They are one of the oldest and most reputable gold IRA custodians in the industry and have an A+ rating with the Better Business Bureau.

Advantage Gold also offers a great educational platform for first-time buyers with its low investment requirements. It is always a good idea to learn as much as possible about investing in precious metals before making a purchase. It also works with Delaware Depository and Brink’s Global Service USA, which are highly reputable vault companies.

Key Highlights

• Reputable vault companies
• A+ rating with the Better Business Bureau
• Low investment requirements
• Comprehensive educational platform
• Great customer service
• Advantage Gold is the best gold IRA

Pros

• Low annual fees
• Low minimum investment for IRA ($5k)
• Extensive educational resources

Cons

• Online purchase is not available

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Conclusion

In conclusion, gold IRA storage companies this article has presented the best gold IRA storage companies. All of the companies have been thoroughly vetted and are highly reputable in the industry. They all offer great products, services, and educational resources to help you make the best decisions for your gold IRA investment.

As you can see, there are a variety of storage options available, and the fees can vary depending on the company you choose. Weigh your options carefully to decide which option is best for you!

Thanks for reading!

Eric, investor and team member of GoldRetired.com

You might also like to read:

Gold investing for beginners

Gold IRA rules & regulations

How to avoid gold IRA scams & gold scams in general

Gold in war, and inflation

Top-5 gold companies in the U.S.

How to protect your 401(k) in a market crash

How to invest in Bitcoin from your retirement account

 

Today we shall take a look at gold investment in inflation. How do investors put their money into gold and benefit from it during seasons of high inflation? Is it a good idea to actually invest in gold? We shall discuss all this and more in today’s post, so sit tight till the end to find out more.

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P.S.

See Gold Retired’s Top-Recommended Gold and Silver IRA solutions

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Introduction 

For about 5000 years, gold has played a significant role in the financial industry. It has been there through the rise and fall of many empires and has made it to the modern economy, where its presence is still largely significant. Gold has remained relevant throughout the highs and lows in the global market and has been an asset that has become the subject of discussion during periods of inflation and deflation.

During such times, gold has maintained its track record as a store of value and has for this reason been used to preserve wealth as well as secure the financial future of moguls and the middle-class citizens. The big question is, however, whether gold’s resilient reputation still holds up under thorough scrutiny as an asset that acts as a hedge against inflation?

Let’s find out about that in a bit.

==>Why is Inflation Rising so Fast? | And What To Do About It

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What is inflation?

Inflation is marked by a decline in the purchasing power of a particular currency. It points to a rise in the price level of commodities, to the extent that a unit of currency effectively purchases less than it did previously. The decrease in the value of currency implies less purchasing power for consumers as they purchase their goods and services.

This results in the general cost of living going higher, and this, in turn, leads to less participation in the market. This state of affairs is associated with a gradual deceleration of economic growth. Most economists are in agreement that sustained inflation happens when there is a situation in which the increase in a country’s money supply grows outpaces the country’s economic growth.

==>Gold in War | What is it good for? | Hedge against inflation

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Is it wise to invest in gold during inflation?

Gold has been perceived by many investors as a perfect way to hedge against inflation. This implies that over the long-term horizon, gold has managed to deliver returns that surpassed inflation.

Such information is crucial to investors since they are usually out to create a diversified portfolio that can give them inflation-beating returns so that they can achieve their financial goals, which include financial freedom and financial independence, as well as having some money to spend during their retirement years. 

How does gold work as a hedge against inflation? As inflation rises, the dollar concurrently loses its purchasing power. During this period, the price of gold is usually increasing. By taking the step to convert their holdings into gold, investors end up protecting the value of their assets. Physical gold is in itself a limited resource that is not dependent on a specific central bank, which in itself adds to its overall capability to be a store of value.

***Gold and Silver Investment Strategies | Top Choices For 2022

One thing to note, however, is that in the short to the medium-term horizon, investing in gold bullion to shield your assets against inflation may not appear as effective as other inflation-beating assets. An investment that effectively hedges your wealth against inflation should rise in line with the fast growth in consumer prices. 

Some findings have implied that investing in gold as a hedge against inflation gives mixed results more so during periods when the inflation in the US is at a record high. This is, however, neutralized by the fact that gold has been around for thousands of years and will always be around.

Also, although the nominal value of gold is volatile, the overall value of physical gold has significantly increased over the past century, making it a viable long-term store of wealth. 

***How to Preserve my Wealth Through Diversification | 3 Tips

Gold bullion may, as such, not always outpace inflation, but it may effectively protect your overall portfolio from a massive decline in value. Note that you always diversify your gold assets, by choosing from a wide range of the gold that is approved for use in retirement investing.

At the time of writing this article, the inflation rate in the US is at 7.8%, which is nothing like what the U.S. has witnessed in the past. In 2020, a low year for the global economy, the returns of gold went up by about 24%. As the world adjusts to the end of the global pandemic, it is expected that the growth rate in the value of gold may not be as fast as it was in 2020. With the gradual rise in geopolitical tension, however, you can expect that gold will still hold its value. 

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Who should consider adding gold to their portfolio during periods of high inflation?

The value of gold as a long-term asset is undeniable. Its returns have been on the rise over the last century, and on other occasions, it has shown the resilience to bounce back from periods of turmoil. Savvy investors have known the essence of stacking their portfolios with a variety of assets that can beat inflation.

Those in need of reliable investments should consider purchasing gold. This applies to investors who can hold assets over a long-term horizon. My recommendation is that you only allocate about 10% to 15% of your retirement investment funds to gold assets.

More interesting read:

Gold vs. Real Estate | Let´s Compare Them to Decide a Winner

Best Gold Coin Dealers | Top-3 Options To Buy Or Sell To

What is The Best Silver Coin? | Based on Distinct Features?

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Frequently asked questions on “gold investment in inflation”

1. How much gold should I purchase for use as a hedge against inflation? 

There is no limit to the amount of gold you can purchase for the purpose of retirement investment. The actual amount may actually depend on your financial goals. I would, however, recommend that you do not put all your eggs in one basket.

While gold has its unique benefits as a retirement investment asset, it still carries with it significant risks, hence it is not a very good idea for any investor to have 100% of their holdings in gold. Most financial experts recommend that an investor should hold about 5% to 15% of their retirement funds in gold. 

2. How should I invest in gold?

There are many ways in which you can invest in gold. When it comes to hedging your wealth against inflation, however, the best option is physical gold. Other paper-based gold assets such as gold mining stocks and ETFs may not offer the same protection as physical gold when inflation is soaring.

You can invest in physical gold through a gold IRA, which provides you with a defined structure to securely hold your gold bullion for a long-term investment horizon. 

3. Should I invest my money in gold all at once?

This depends on your financial needs, but for the sake of today’s post, I would recommend that you invest in gold by distributing your funds over the investment period. You can, for instance, decide to purchase several coins at the start of the investment period, then automate the purchase of gold coins or bars moving forward.

Depending on the nature of your income, you can also purchase one or several coins every year, to ensure that you gain exposure to this yellow metal throughout the years, as you seek to maximize your returns. 

4. Which type of physical gold is best suited for hedging against inflation?

As you may already know, gold comes in forms such as coins and bars. Both types of physical gold can be used for investment by any investor who can afford them. Provided that they meet the IRS standards for purity/fineness/gold content, then you can purchase the type of gold that you are more comfortable with.

You should, however, note that gold coins are easier to liquidate than gold bars, which is quite a significant consideration to make if you intend to immediately cash out your assets at the end of the investment horizon. 

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Also Read:

==> See my #1 Recommended Gold & Silver IRA Solution

==> See Top-5 Recommended Cryptocurrency IRA Solutions

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That will be all for today’s post on gold investment in inflation. I hope that you enjoyed it, and found it informative. If you have any questions with regards to what we have discussed herein, drop them in the comments section and I will get back to you ASAP! You can also share this post with someone who would need it. 

I wish you well,

Eric, Investor and Team Member at Gold Retired!

Today we shall take a look at gold retirement IRA planning. This has been a hot topic in the recent past, more so with the changes in the state of the global economy that have forced investors to rethink their investment strategies. In today’s post, we shall see how you can go about adding gold to your retirement portfolio for it to present you with maximum benefits. If that sounds interesting to you, read on to find out more. 

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P.S.

See my top-5 list of Gold and Silver IRA solutions here

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The Shifting Gold Price

Gold prices per ounce have ranged from $255 about 2 decades ago, to $1937 in 2020. In the short-term horizon, there are some investors who have had to deal with significant losses, but overall, this yellow metal has had an impressive long-term increase in value. 

With this knowledge in mind, some investors have turned to an investment vehicle known as a gold IRA, which allows them to purchase and hold physical gold over a long-term investment horizon. 

A gold IRA also allows investors to purchase and hold other IRS-approved precious metals such as silver, platinum, and palladium. This is unlike what most investors are used to with regular IRAs, where they can only hold paper assets such as cash, stocks, and bonds. The possibility to use gold in an IRA was made possible by the signing of the 1997 Act in the US Congress.

==>What is a Gold IRA?

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Gold IRAs: Growing trend

Gold IRAs have appealed to investors in the present-day world, more so those who are out to diversify their retirement investment portfolio. Historically, the prices of gold have been seen to move in the opposite direction of stocks and other paper assets. This has made the gold IRAs a viable insurance policy against inflation. Having gold in your retirement investment portfolio can as such smooth out the risks, moreso over the long-term horizon. 

Before the occurrence of the 2008 financial crisis, most investors avoided investing in gold, citing the complexity of the processes required to open a gold IRA. That has however changed in the recent past, with most people realizing that opening a gold IRA can be as simple as:

• Finding a custodian for the IRA  along with an IRS-approved depository
• Purchasing IRS-approved gold and other precious metals
• Having the precious metals transferred to the depository
• Check the accounts and statements to see how your investment is doing with time.

With the 2008 financial crisis having robbed many investors of their savings, we have seen a record number of gold IRA openings, as well as a significant increase in the total amount of gold purchased. This strong interest in gold in the last half-decade or so has been a result of the continued inflationary effect of the Federal Reserve’s stimulus programs, and a sharp increase in geopolitical tension. 

***Gold in War | What is it good for? | Hedge against inflation

So what is the main thing you are required to do in gold retirement ira planning? You’ll find out about that in the next section

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Gold Retirement IRA planning: Finding the right custodian

It may not seem like much of a strategy, but you need to find the right custodian if you are going to succeed as a gold IRA investor. 

To start investing in gold through an IRA, you need to establish a self-directed IRA, which is a unique type of IRA that allows investors to manage their assets directly and also invest in a wide range of assets ( more than those permitted by other types of IRAs). For a gold IRA, you need a custodian to create and oversee or administer your account. The custodian will also be charged with ensuring that the physical gold is properly stored. 

Gold IRA custodians are usually specific financial institutions that have been approved by the IRS to offer custodial services to investors. They do not partake in the selection of precious metal dealers for their gold IRA clients. This is solely the investor’s responsibility. Most established custodians, however, have relationships with many precious metal dealers and are usually more than willing to share their list. 

It can also work the other way round, where the precious metal dealers can recommend a gold IRA custodian to you. The final choice lies with the customer, who also has the right to choose their preferred custodians. 

Choosing the right company to turn to can be quite complicated since the investor has to do their homework to find out which company is most efficient for them. Here are some top factors that are worth considering:

Transparency

By knowing all your costs upfront, you can avoid a scenario in which you run into very unpleasant surprises, such as hidden fees right after you invest.

Qualifications 

You should only deal with a company that is licensed to offer gold IRA solutions. This, therefore, calls for you to check whether the company you are eyeing has registrations, insurance, as well as bonds to safeguard your assets. Do not shy away from asking for the verification of such licenses and other relevant information. 

Track record

It is always wise to look for a company with a proven track record and an outstanding reputation. You can access such information from platforms such as Better Business Bureau, Business Consumer Alliance, or TrustPilot. It may be helpful to check what customers say about the firm you are interested in, especially the nature of the complaints filed. Another thing to be on the lookout for is whether the company is educational and not merely pushing a hard sell. 

Flexibility 

The company you are eyeing should have its operations structured in such a way that it accommodates your unique needs as an investor, as opposed to one that requires you to pick up a one-size-fits-all plan. Every investor has unique investment expectations, and the company they work with should not significantly impact their initial plan. Instead of settling for the solutions offered by a certain company due to their ability to convince you, let it be as a result of establishing that the company in question has your best interests at heart. 

More interesting reads for you:

• What Should I Consider When Opening a Gold IRA? 4 Key Things
• Benefits Of a Gold IRA? | Top-5 Advantages To Consider!
• How do I Fund my Gold IRA? & Gold IRA Basics You Should Know

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Frequently Asked Questions for “gold retirement (IRA) planning”

1. Fees charged by custodians?

The fees charged by gold IRA custodians vary greatly. They may generally be higher than those charged by regular IRA custodians, but this is due to the fact that gold and other precious metals held in a gold IRA are quite valuable. This is something worth factoring in in your gold retirement ira plan. 

2. Who can hold my hand as I start investing in gold through a gold IRA? 

If you are new to investing in gold, then all you need is to work with a gold IRA solution provider that prioritizes education over pushing a hard sell. With such a company, you can be sure that you will receive sufficient resources to help you understand the gold investment terrain. Most companies offer education and IRA toolkits for free, so you have nothing to lose anyway. All you need to do is study the materials presented, ask the IRA experts in the company as many questions as you can, then get started with the surety that you understand what you are getting yourself into. 

Here are some gold IRA solutions worth checking out.

3. Where do I purchase the gold from?

There are many precious metal dealers that you can purchase from, both locally and online. You may need to do extensive research about the reputation and legitimacy of the dealer, to avoid losing your money to a scammer. 

Here are a few top suggestions to get you started in your search for a reliable gold dealer. 

4. When will I be allowed to take the gold from my gold IRA, for sale?

According to the IRS gold investment regulations, you are prohibited from taking withdrawals before you are 59 ½ years old. Upon crossing this age, you can withdraw your gold without being assessed for extra taxes and penalties. It is a good idea to consult a tax expert before making such a move, to get a clear picture of the tax implications.

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Also Read :

==> See my #1 Recommended Gold & Silver IRA Solution

==> See Top-5 Recommended Cryptocurrency IRA Solutions

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That will be all for today’s post on gold retirement ira planning. Thank you for having read through till the end. I hope that you found it helpful and that you will move forward with new knowledge on this subject. Let me know if you have any questions- drop them in the comments section and I will get back to you ASAP!

I wish you well, 

Eric, Investor and Team Member at Gold Retired!