How to Buy Gold as an investment for your Retirement Planning
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has the most effective safe haven and hedging properties across a number of countries.
Several refineries and mints produce 1-oz gold bars, Of all the precious metals, gold is the most popular as an investment for diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has the most effective safe haven and hedging properties across a number of countries.
Most common types of gold to buy
Gold jewelry: In general, jewelry is not a lucrative form of investment. Retailers add up to a 400 percent markup on gold jewelry, you will not be able to recoup your investment or make money.
Mining stocks: A high-risk, potentially high-profit investment.
Gold bullion: Available online and in gold stores, bullion can be bought as coins or bars.
Find the right dealer
Take some time to research reputable gold dealers, there are things to consider when you’re looking for a gold dealer:
Price, Dealer buyback policies, Red Flags, Reviews, and Reputation.
Sellers To Stay Away From
Some websites, Ads, and people you should avoid when buying gold including cold callers, TV ads, Craigslist, online dealers who are offering big discounts, and precious metal companies without a physical address. Don’t give in to the pressure of late night telemarketers insisting you call them immediately for a limited time discounted rate on gold. Take your time to find a reputable honest and not pushy dealers.
List of Red Flags
A Seam Along the Rim
Watch out for Magnetic Gold (real gold will not stick to a magnet)
Sold Under Spot Price
Grainy or Mottled Appearance
Imperfect Imprint or Lettering
Too large or Too Light
Mistakes You Want To Avoid
1-Avoid buying proof coins if you are buying gold as an investment. Proof coinage means special early samples of a coin issue, historically made for checking the dies and for archival purposes, but nowadays often struck in greater numbers especially for coin collectors (numismatists). Nearly all countries have issued proof coinage.
2-Avoid European Coins
They are not worth the high price, dealers promoting European coins because they provide bigger profits and clients have no chance of making any future profit.
3-Avoid Investing in Exploration Mining Stocks
it’s so difficult to find a mine. Only one in about 500 deposits that they drill actually become a mine.
Names of few dealers we have looked at their reviews and policies, you can also investigate before buying.
Perth Mint 1-oz gold bars are promptly accessible and are one of the two most well known 1-oz gold bars sold in the US, PAMP 1-oz gold bars being the other prominent 1-oz bars. Perth Mint bars are separately wrapped and bundled 25 bars to a holder.
Regal Assets has Five star reviews with a prominent name in the Gold investment, the company was formed in
Burbank California and have been in the gold business for as long as a decade. The company is enjoying an image of one of the biggest and experienced companies with respect to investors in individual capacity and investment of expensive metals as well. International ranking companies and enterprises have listed the company with high ratings based on the users’ experience and opinions.
The company offers an absolutely free rollover kit to assist those newbies who are new to the gold IRA processing, including a print of Forbes magazine, where the company got featured in 2013 edition and also a documentary recording regarding Federal Reserve with rest of mandatory information about Gold IRA market. All of it helps the new worthy customers to thoroughly comprehend the gold and financial techniques more appropriately.
The IRA Rolling Over Process and Consumer Service:
For the purpose of meeting the qualification criteria for the gold IRA with Regal Assets, one needs to move his pre-existing 401(k) to them.
PAMP one-ounce gold bars once overwhelmed the one-ounce gold bar showcase yet not presently, as the Perth Mint bars have made huge advances in the US. PAMP bars, similar to the Perth Mint bars, are .9999 fine (99.99% unadulterated) and come in instances of twenty-five bars. Each bar is encased in Mylar with a “declaration of realness” imprinted on the cardboard that encompasses the bar.
One side of the PAMP one-ounce gold bars conveys the Lady Fortuna outline, which is quickly ending up exceptionally perceived in the United States.
Birch Gold Group are Precious Metal Dealers offer customers the opportunity to invest or trade Gold online. Birch Gold Group provides IRA scheme that assists investors in managing their retirement portfolio by rolling over their IRA to Gold or Silver.
The Group safeguards the investments which are made by its customers by offering them training and education that is mandatory for their startup and taking a move. There is also a free gold IRA service for 24 hours. Read More on this Group Here
Credit Suisse one-ounce gold bars are accessible in large amounts, where as the Perth Mint bars are promptly accessible in little amounts. Credit Suisse bars are made by PAMP and are basically similar bars except for the outlines. Credit Suisse bars convey the Credit Suisse trademark, while PAMP bars bear both the PAMP logo and the resemblance of Lady Fortuna. The Lady Fortuna configuration graces most PAMP gold bars.
Monex Precious Metals
Monex Precious Metals has been dealing in precious metals and IRA eligible gold and silver coins and bars for over 40 years. Established in 1967 by Louis E. Carabini, Monex was the first company to enter precious metals investment industry. Since then, the company has grown significantly and has expanded its portfolio to include gold, silver, palladium, and platinum.
Company Location: Monex Deposit Company 4910 Birch Street Newport Beach, CA 92660
It is considered as one of the eldest companies that are in the market till the date and the company also hold several other enterprises as its subordinate organizations. In addition to offering learning tools like seminars, videos and other things for investment in metals, they also provide the customer with the latest change in the price of products to facilitate them before actual trading. In addition to other products and services, the company deals in gold, and silver IRAs and trade of IRS authenticated metals that are prone to be added to the account. Read more about this company here
Where to purchase gold
CMI Gold, RA (Regal Assets), Silver Inc. Monex, Credit Suisse, US Mint and many other companies are highly established precious metals dealers for decades and based in USA with good reviews.
They have Gold Bars available all times, Regal Asset has Vaults in Dubai and other parts of the world if you are interested in the offshore account, they also have Gold IRA rollover plans, Silver IRA rollover plans, and Cryptocurrency/Bitcoin IRA rollover plans or Gold Coins.
For clients who prefer to store their precious metals valuables in a different jurisdiction, Regal and Brinks offer storage choices in well-respected safe jurisdictions around the world. Among these are France, New Zealand, Australia, South Korea, Singapore, Switzerland, and Hong Kong. In each of these jurisdictions, Brink’s has its own vaults that provide the highest level of security and come fully insured for all contents. They are each monitored continuously around the clock with world-leading technology and systems.
REGAL RA DMCC constructed the biggest and safest vault in the world too. It relies on the latest systems for both inventory management and efficient security. The vault lies within the Regal Assets Dubai office building and is co-managed with Brinks.
Dubai has been called the “City of Gold” in recent years, It proves to be a leading global choice for a safe jurisdiction in which to keep your offshore gold and precious metals’ safe. Dubai has a tax-free status that allows for cheap acquisition of precious metals, the storage cost in Dubai is the lowest in the world. Many investors from around the world are moving their accounts to this Safest, Tax-Free, and lowest cost of keeping your precious metals.