Gold in Your IRA
Peace of Mind in Chaotic Times
Let’s face it. This past year has been anything other than calm and peaceful… Covid-19, wholesale shutdowns, political mudslinging, and the clash of dogmatic philosophies have made financial markets quite unsteady… quite volatile.
And, next Tuesday’s election will not settle things down… no matter the outcome.
That’s why now is a great time to give serious consideration to your Individual Retirement Accounts (IRAs). Precious metals have historically done well, protecting our portfolios in the face of rising interest rates. For every 1% rise in interest rates, a 10-year bond will lose 10% of its value.
Precious metals are well-known for their role as an inflation fighter. But, inflation is not an immediate threat in this artificially low interest rate environment the Federal Reserve has implemented for the past decade. And they have no stated intention of changing course any time soon.
What many people do not know is how well gold also performs in a deflationary environment. In general, keeping a small portion (many experts suggest 10%) of your portfolio in gold increases overall portfolio performance and decreases overall portfolio risk.
This is true for your all too critical retirement assets as well.
Use Your IRA to Maintain Your Lifestyle After You Retire
Take steps now to protect the money you hope not to outlive in retirement.
We’ve been watching the precious metals market for decades and can tell you gold and silver are still very affordable right now…in comparison to where many predict they’ll be once this bull market gets out of the current early stages. Gold has already hit new highs this year, and has since backed down and is trading in a narrow range just below the top, but this period of consolidation won't last forever...
If your goal is to protect your wealth, taking advantage of today’s low precious metals prices is like buying insurance at a discounted premium. If your purpose is to grow your wealth, now is a great time to buy low, so you can eventually sell high. Now is the time to create (or add to) your precious metals IRA.
The Internal Revenue Code allows IRAs to own certain gold, silver, platinum and palladium bullion (coins and bars) so long as they meet the London Bullion Market Association (LBMA) minimum standards of fineness. In general, precious metal bullion and coins that are 99.9% pure or better are eligible for IRA investment, but we can help guide you when it comes time to make your purchase. ASI offers several programs, IRA storage choices and trustees/administrators, one of which is certain to be right for you. Call an ASI Preferred Client Relations representative to get the full realm of possibilities at 800-831-0007. You can even hold your IRA assets offshore!
IRA contributions should be timely… made while prices are low. Call us for information now, during a bull market dip. By buying well, your contribution will go further. We need a little time to establish your self-directed IRA, to process payment and to transfer the gold and silver (or platinum or palladium) to your account. You MUST make your 2020 contribution by April 15, 2021, and you can also make your 2021 contribution at the same time.
If you want time-honored offshore security, consider Perth Mint Certificates… Gold You Can Fold. One of our most popular products, the Perth Mint Certificate Program (PMCP), is also approved for IRAs. The benefits of owning gold through a Perth Mint Certificate in your IRA include:
- Backed by the AA+ government of Western Australia
- Low premiums
- Offshore storage
- Low or no ongoing storage fees
If you are purchasing a certificate for your IRA for the first time, there is a $10,000 minimum. Subsequent purchases require a minimum of $5,000.
If you choose to go the traditional route, with domestically stored metals in your IRA, call us to discuss options for custodians, precious metals allocations and domestic storage for your IRA precious metals.
Call us at 800-831-0007 to speak with a Preferred Client Relations representative to see if one of our programs fit your needs. But, you need to act quickly to take advantage of the current dip in precious metals prices.
Please Note: This year, it is our understanding you are not required to take a Required Minimum Distribution (RMD). However, if you choose to take an RMD, by the end of the year, contact us now. These take a little time, and MUST be completed within this calendar year. Start now!