Gold IRA Research Paper

382 Words2 Pages
Throughout history there’s been an incredible interest associated with the investment of gold. It’s no surprise that this special type of the retirement plan is attracting investors with an interest in precious metals and a desire to put gold into an investment fund. The first step is to speak with a qualified professional to answer questions and assist in setting up the account to meet the requirements as an IRA. History tells the story of precious metals with gold increasing in value over and over. In today’s economy like all other commodities, the price of gold fluctuates but, typically holds its value through economic conditions, making it a commodity that can be liquidated if needed. Before deciding to invest, it’s critical to learn about the process. Gold IRA is an individual Retirement Account (IRA) sharing the tax advantages of other IRA investment accounts. The first difference with the Gold IRA, it’s held by a custodian on behalf of the account owner. The second differences, unlike traditional IRAs, which hold paper assets, Gold IRA hold actual bullion in the forms of coins or bars. Facts…show more content…
The custodians or trustees administer the investments with direction from the account holder on how much of the funds can be invested in gold. In most cases, the gold needs to meet a standard of purity and refinement. This is where the custodian or trustee’s experience and knowledge become very valuable to the Gold IRA account. Rollovers can be done with these Gold IRA accounts, allowing the holder to participate in diverse investments, which may include other precious metals or additional IRA plans such as ROTH IRAs, Thrift Savings Plan or

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