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Gold IRAs Can Deliver More Bang For Your Buck

Gold and other precious metals have always been a good choice for long-term investment, offering greater stability than investments based on paper items including stocks and bonds in terms of price and, therefore, a higher potential return on investment.

The stability, and growth, in the value of gold stock makes it a good choice for people seeking a good return on their Individual Retirement Account (IRA).

While such accounts are typically named Gold IRA, they actually cover four precious metals: Gold, Silver, Palladium, and Platinum. The price of these precious metals has been much more stable than paper-based investments, particularly following the 2008 global financial crash, and experts say the value of Gold and other precious metals is actually on the up at a time when paper based investments have yet to fully recover from that financial crisis.

The value of Gold, Silver, Palladium, and Platinum is less likely to change due to variations in underlying inflation rates, adding another string to the bow of a Gold IRA by ensuring investors are not left short by the big swings in values common in paper-based investment programs.

Who Can Choose a Gold IRA?

Whether you are seeking to set up your first IRA, or already have a retirement fund based on financial currency, stocks and bonds – or a workplace 401K-based pension plan -, you are eligible to invest your money in a Gold IRA.

A Gold IRA requires you to appoint a qualified trustee to oversee the buying and selling of your precious metal stocks from approved vendors. This trustee should also be able to source secure storage for your Gold stock – a key requirement of a Gold IRA.

As the description implies, management of a Gold IRA differs slightly from a paper-based IRA because you take on the running of the IRA rather than leave a stockbroker or other financial advisor to handle your investments for you.

People setting up their first Gold IRA can jump straight in, appoint a trustee, and begin investing their money. For consumers with an existing paper-based IRA or a workplace 401k, the process is almost as simple. The only additional complexity is transferring your IRA from one that is managed externally, to one you run yourself.

How Does a Gold IRA Work?

When you invest in a Gold IRA, you are quite literally buying your own stocks of Gold and other precious metals.

The Gold IRA program was established by congress in 1997, and has various key rules for investors and their trustees.

First, the trustee itself. These must be IRS approved companies such as a bank, savings association, or credit union that are familiar in administrating self-managed IRAs. This is a key difference to a managed IRA because the trustee is there purely to handle the running of your IRA rather than provide any investment advice.

In addition to handling the administration of your Gold IRA, a qualified trustee will also provide you with all necessary financial reports.

Your trustee will also handle the purchase and sale of Gold stock and other precious metals, from vendors who deal in the approved forms of the metals. The Gold IRA program stipulates that only certain grades of Gold, Silver, Palladium and Platinum can be used for a Gold IRA investment scheme, so finding the right vendor is a key aspect in setting up your retirement fund.

Individuals can also find a precious metals vendor themselves. While that may reduce the administration costs of appointing a trustee, it carries the risk that an inexperienced investor may hire an unscrupulous precious metals vendor. If appointing a vendor yourself, it is probably worth conducting thorough background checks.

Qualified trustees will also be able to find secure storage facilities for your Gold stocks – another key requirement of the Gold IRA program – if they do not offer such facilities themselves.


Setting up a Gold IRA can be done quickly and does not incur any taxation fees providing the IRS rules governing such investments are met.

However, just like an IRA based on currency, stocks and bonds, if you choose to cash in some, or all, of your Gold, Palladium, Silver and Platinum stocks early, you will need to pay tax on the value of the precious metals.

It is important to note that the level of taxation is no higher on a Gold IRA than one based on paper, and certainly no more difficult to cash in than currency, stocks and bonds.


A Gold IRA is a great choice for investors seeking stability in their IRA stocks by removing the uncertainty associated with paper-based investments. It is no harder to set up, or switch to, than a paper IRA, and puts you firmly in the driving seat when it comes to managing your investment.

Gold Investment