Category Archives: Gold Information

Top 5 Precious Metals IRA Companies in 2014 for Purchasing Gold Bullion

IRA-gold If you’re looking for a company that will assist you in the process of converting part of you IRA or 401k to Precious Metals and purchase high quality bullion coins such as the American gold eagle or Canadian Gold Maple Leaf, we have compiled a list of some of the best firms in 2014. This list is based on ratings we’ve found on websites like the BBB, TrustLink, the Business Consumer Alliance, Yellow Pages, Yelp, CitySearch and more. Some companies have many bad reviews which is a sign that they should be avoided. Others, however, seem to have a stellar reputation and are therefore a good choice for new gold investors. Take some time to call at least 2-3 companies before making a decision as to who you’ll be working with.

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#1 – Regal Assets.

This company is quite new in the market yet already have hundreds of positive reviews online. They are based out of Burbank California and are praised by many celebrity investors. They have awesome ratings on sites like the BCA, BBB and TrustLink. They specialize in 401k and IRA rollovers. We highly recommend giving them a call to learn more about their services and to request their Gold IRA Kit.

Learn more about this company by reading the full review of Regal Assets  (provided by GoldIRAGuide.org)

#2 – Capital Gold Group

This is another great company to work with when it comes to adding gold and silver bullion coins and bars as part of your IRA. They have been in the market longer than Regal Assets, but they do have more negative reviews than then as well. All in all, this is still a solid company with great expertise in IRA, 401k and 403b rollovers. Give them a call, or request their free kit to learn more.

Learn more about this company by reading the full review of Capital Gold Group  (provided by GoldIRAGuide.org)

#3 – Merit gold

Based in Santa Monica California, Merit has a long history in providing gold, silver, platinum and palladium bullion coins and bars for investors from all over the United States. They also specialize in IRA rollovers to precious metals. Merit has a AAA rating from the BCA which shows that they are a professional company with a solid track record. Give them a call if you want to learn more about their Gold IRA.

Learn more about this company by reading the full review of Merit Gold  (provided by GoldIRAGuide.org)

#4 – Morgan Gold

This is a company that has received a lot of positive feedback from its clientele. However, some clients have also complained about the pricing and slow delivery times. We highly recommend doing additional research if you plan to work with them. During the time of writing this review, Morgan had much more positive feedback than negative, so we added them as part of our Top 5 list. Give them a call to ask about their pricing and delivery schedule

Learn more about this company by reading the full review of Morgan Gold  (provided by GoldIRAGuide.org)

#5 – Lexi Capital

This is a well known company in the precious metals industry. They specialize in American gold eagles, Canadian gold maple leafs and South African Krugerrands. However, we couldn’t find much feedback online when searching for information about this company. If you plan on working with Lexi Capital, we highly recommend doing additional research.

Learn more about this company by reading the full review of Lexi Capital  (provided by GoldIRAGuide.org)

#6 – Lear Capital

Lear Capital is often confused with Lexi, yet they are its own company. Lear Capital has been in the Gold IRA Rollover field for decades. Unlike the above company that doesn’t seem to have much feedback online, Lear Capital has a lot of positive feedback on sites like the BBB, BCA, TrustLink and Yellow Pages. There have been a few negative complaints regarding pricing and delivery, so we highly recommend doing additional research if you plan on working with Lear. All in all, it’s a great company to work with and they have made the #6 spot in our leaderboard.

Learn more about this company by reading the full review of Lear Capital  (provided by GoldIRAGuide.org)

 

Reasons that Explain the Drop in Gold Prices

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In recent weeks, there has been a significant drop in gold prices. There are a few underlying reasons for this reduced pricing. Investors keep a good eye on the price of gold, and it continues to be a hot commodity. In early September of 2011, gold was at an all-time high but now it seems to be going the other direction. 

Gold is now lower than it has been since 2009 and many people are worried about this. Looking at factors that affect it though can help to put the mind at ease. The power of the United States dollar is continually getting stronger. It has climbed 5% against the Euro and other currencies in the last year. Gold is priced in USD (United Stated dollars) so that means foreign investors are finding it harder to invest in gold right now.

There seems to be a surge in people putting their money in the stock market in the past 6 months. It is believed a large portion of these investors are turning portions of their money for investing from gold into other types of investments. Perhaps they would like to expand and diversify their portfolio. For others, they have been watching changes and trends in the stock market and feel that what they invest in it now is going to pay off for them with big dividends in the near future. 

Momentum is considered to be one of the reasons that gold prices have dropped recently. With any asset that is doing well over time, there are going to be drops in the pricing. There is also going to be a change in the number of people that are buying at any given point in time. Studies show that with any such investment, momentum will indeed account for dips and spikes along the long term calculations.

Panic is also a factor for the drop in gold prices. There are investors that worry about a huge crash coming along. As the drop in gold prices occurs, they are in a hurry to sell it and to avoid a huge deficit with that investment. Other people are more hesitant to buy the gold that is being sold in case it doesn’t go back up in value. 

As any investor knows, the price of gold will go up and go down depending on the economy and other factors. They keep a good eye on when to buy it and when to sell it based on the going price for it. In spite of the variations, it is still considered to be the best long term investment. With that in mind, these drops in gold prices shouldn’t be the only factor to look at when deciding to buy or sell gold at this point in time.

Why are people buying gold?

A lot of people have been buying gold over the past few years. For some investors, gold is a vital
part of their portfolio. While other investors buy gold in smaller amounts. Either way, it is beneficial for an investor to consider gold. Here are three things every potential gold investor should consider.

Many of the largest economies are facing problems due to unsustainable debt loads. When currencies suffer, investors suffer. One way to hedge this is to invest in gold. For example, an American living in the United States would have done well with gold as the dollar has fallen against major currencies.

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One thing about gold is, nobody is making any more gold. The housing and stock market can go up and down, but gold should continue to rise in value. Housing is cyclical and can vary from region to region. In reality, with countries such as China and India growing, gold is going to be in demand for years to come. Anyone who is thinking about gold only has to look at the last five years of equities and housing to know why gold is a safer bet.

One of the biggest benefits of gold is the simplicity. Anyone investing in other areas may have a lot more research ahead of them. With gold, an investor can make their purchase and go on with their lives. On the other hand, investments such as real estate or stocks are difficult. With real estate, an investor must follow local issues and constantly deal with problems. With stocks, an investor must follow the markets and make trades according to trends and economic policies. Simply put, a gold investor can make their purchase and not worry about the future.

Everyone should invest in gold. While it should not be the only investment one makes, it should be part of an overall portfolio. When investing in gold, an investor is protected against deflation and a poor economy. When looking at the last decade, gold has outperformed other major investment groups such as real estate and equities. This trend should continue as nations struggle to pay off their debts, and the economy remains sluggish.

The most popular way to purchase gold in 2013 has been through a retirement account such as a 401k or IRA. If you are an American worker, you should receive 401k or IRA contributions through your employer. Ask your HR deparment if gold investments are allowed within your retirement plan. If they are not, you can always open a self-directed Gold IRA and make contributions through it. A self directed IRA makes you the own boss of your retirement account so you can invest in precious metals freely.

Buying Gold Coins Through Your IRA, is it possible?

gold-etfIf you hold an IRA account, whether it’s a SEP, Traditional, Spousal or Roth IRA, you can invest in gold bullion coins and bars. Is this news to you? Many Americans ignore this possibility when it comes to gold investing. The benefit of investing through your IRA is the tax-incentive component. In fact, your investment stays tax-free for as long as you do not hold the gold yourself. In fact, you will need to find an accredited custodian to hold your gold

How Do I Get Started?

The first thing you need to do is to determine whether your IRA allows you to hold precious metals such as gold, silver, palladium or platinum. Talk to your IRA custodian, or your employer if you have a 401k plan through them.

Don’t worry, if your IRA does not allow gold, you can always open a self-directed IRA for your gold investing. The IRS allows you to open a 2nd IRA account for precious metals. Once you open your self-directed IRA, you will have to find a custodian that specializes in gold IRA rollovers and transfers. There are many companies in America that can do this.

What Type of Gold Can I Buy in my IRA

According to the IRS rules, only gold that has a purity of .999 or higher is allowed in IRAs. This includes the American Gold Eagle, Canadian Gold Maple Leaf, Austrian Philharmonic, American Gold Buffalo, Credit Suisse Gold Bars, PAMP gold bars and several other silver, platinum and palladium bullion coins and bars.

See a more comprehensive article on IRA and gold investing here.

How Much Should I Invest?

This is something that you need to discuss with your financial analyst. APMEX recommends that 10-15% of one’s portfolio should be in gold. Other companies recommend up to 25%. Certain millionnaires, such as John Paulson, have invested over 40% of their assets in gold. If you are a beginner investor, it is good to start with a low bracket and see how comfortable you feel about your gains over time.

 

Tips to diversify your 401k or IRA with precious metals

Did you know that you can add precious metals such as gold and silver to your 401k or IRA retirement accounts? Many Americans are unaware of this, but it is one of the best ways to strengthen your retirement plans in today’s volatile economy. You can learn all the steps to add precious metals to your 401k or IRA in this article.

Think about it, is there any other type of investment that has remained strong in tough economic and political times? Look at the state of real estate, paper currency, stocks and bonds. Everything is just a giant mess right now. Investors have lost a lot of money in the past couple years due to the worldwide economic instability.

If you are an American worker that has a 401k account with your employer, you can inquire with your human resources department and see if you are allowed to add precious metals such as gold and silver to your investment portfolio. If your employer does not allow such investments, you can always open a new self-directed IRA account in which you have full control of your investments.

Many world renowned investors and celebrities have been investing part of their savings in gold since the US economic collapse in 2008. Some banks in China, Brazil and India have invested billions and keep increasing their investments in 2013.

Watch the below video to learn more on why you should consider adding gold to your 401k or IRA this year:

Awesome Video about Gold Investing

We highly recommend this 1 hour video where Mike Maloney, founder of GoldSilver.com, explains the ins and outs of the financial system that we have today and why we are at the sorry state that we are today. He explains why precious metals such as gold and silver might be the best type of investment in the next decade. Enjoy!