Investing in gold is a pretty popular concept that most people involved in investing/finance know about well. But not everyone actually does it. They talk about it but they might not take the plunge into holding the physical commodity. Gold bullion is actual physical gold that can be purchased and held. But you have to do it in a certain way. The reason being there may be a law somewhere that says no US citizen can horde gold. (Not fact-checked so don’t take my word for it, and don’t take any of this article as financial advice).
Why doesn’t everyone just invest in gold? Well first off it’s quite expensive to purchase. And like we mentioned there may be laws forbidding it. But you can still invest in and hold physical gold through some financial instruments. There are many ways to technically invest in gold. For example, you could buy stocks of gold mining companies. Even in this way you’re technically investing in gold. But it’s not the type of investing that gets people excited.
What does get people excited is actually buy physical metals that are precious. And like we alluded to earlier there are certain ways to go about this. The ideal way is to purchase a gold ira through the best gold ira company. A gold ira custodian is a gold company that can purchase, transport and store gold on your behalf. And they can use your retirement savings to do this. You don’t need to put up your current cash, but of course you can do that as well.
The way you’d do this is by choosing a gold ira rollover. You can rollover even a 401(k) into an IRA account that contains physical gold. And before you ask, yes you actually own the physical gold. Of course, you probably don’t want to store this stuff at home. That’s why the company that handles your gold ira will transport your precious metals to a secured storage facility for you.
So if this is something that’s interesting to you – like it is to us – you might want to learn more about it and regal assets. Talk to a certified financial advisor and they’ll be able to tell you more about it. We’re no experts, we just think it’s a pretty nifty idea! If you’ve got any more information about purchasing a gold ira then leave it in the comments! We’d love to start a discussion.