I have found that there is confusion and a lack of knowledge when it comes to investing in precious metals using a Gold IRA LLC. There are different ways you could invest in gold or silver and it is important that you understand the different strategies that are available when you plan to use your retirement account. One strategy is investing in gold bullion. This is when you are investing in real tangible gold.
There are many gold dealers to chose from to purchase your real gold coins and bars. When you buy gold coins directly through your Self-Directed IRA Custodian, they will have a relationship with an approved depository that will hold your metals and charge an annual fee. There are also some gold dealers that will store your IRA metals in vaults in other countries to satisfy investors who do not trust government regulated institutions to hold their precious metals.
And then there are those individuals that have checkbook control of their retirement funds and purchase and store their precious metals themselves. This can be accomplished by opening a Gold IRA LLC also often referred to as a Precious Metals IRA LLC. This strategy is more and more popular because of the before mentioned lack of trust in the U.S. government regulated institutions. Another way for investors to get in the gold investing game is to invest through an Exchange-Traded Funds, or ETF.
Thousands of Americans are investing in precious metals using a Gold IRA LLC
ETFs trade just like a regular stock, but they are backed by real gold that the fund buys. You don’t get to have or hold real gold pieces this way, but it is another way to invest in gold backed funds. With this method you put your retirement funds in the hands of a money manager that has provided you a prospectus and you have no control over the decisions of your retirement funds.
You could also buy stock in a gold mining company. There are many gold mines that have publicly traded stock that you could hold in your portfolio. Again, you will not have real tangible gold but an interest in a gold mining company through stock. Again, with this method you are investing in a company that has a board of directors that hopefully is going to make decisions that will help your stock prices go up. You have no control of your retirement funds.
Holding tangible real gold is better that holding paper or having a ticker symbol to follow. Make sure you understand what you are investing in before you buy. Educate yourself on what you are allowed to invest in and what you should not invest in. Make good choices and always take control of your retirement future.