Precious Metals IRA
Gold, silver, platinum or palladium bullion and coins or American Eagle Gold and Silver Proof coins can be purchased and placed in your precious metals IRA account to be stored at the Delaware Depository. One of the least risky coins to use for your precious metals IRA are proof coins, since they differ from the more generally produced bullion products in that they are unique collector’s versions and therefore considered to be “non-confiscatable.” In other words, the government can’t force you to sell your coins to them in time of crisis for less than what they’re worth at present market prices. This was the practice in years past. American Eagle Proof coins are of the highest quality, and mass produced bullion coins pale in comparison to them. The value of these coins is only expected to climb in the coming years. In short, proof coins are highly collectible limited mint editions of an American Gold Eagle coin.
Everything from coin rarity to condition to age affects the value of these coins. You will want the most rare and best condition of your coins for your precious metals IRA. Each year a limited number of proof coins are minted by the government. Some years the coins sell out rapidly, while others take a bit longer. The combination of gold value combined with the demand of collectors for the coin drives its value up or down. The proof values are registered on the market and are generally a bit more stable than gold bullion itself is. In other words, proof coins are even more stable than gold bullion coins or other forms of gold.
You’ll essentially place your proof coins into a precious metals IRA that will function much like a traditional IRA fund but with physical gold as its investment. Precious metals IRA investing plans are among the safest, most secure, and reliable on the market, whether you open a new IRA or rollover and existing one. It’s little wonder that they are rapidly increasing in popularity.
The process to starting is as simple as filling out a few forms to get you on your way towards owning a precious metals IRA . As a whole, gold is one of the most important and most rewarding investments you can make. In fact, an investment of $25,000 in select gold coins in the early 1970s would be worth over half a million dollars today. That figure should speak for itself.
You really can’t go wrong with a precious metals IRA. If you have any questions about gold IRA rules, or if you want to learn more about opening a precious metals IRA account, please contact us. United Gold Direct would love to share our wealth of knowledge and get you started on your own precious metals IRA.