Contact the CFTC at 866, 366 and ask if the financial professional is qualified to provide you with this service. They don’t have a website or phone number. If you can’t find their company online or in directory listings, it’s likely that they don’t exist or are deliberately hiding their information. FREE GOLD when you open a Gold IRA.
NO fees for up to 10 years (everyone qualifies). If you want to keep up with precious metal prices, American Hartford Gold can help you do just that. The company has an entire section on its website dedicated to gold, silver and platinum price charts as well as market news. Investors who fall for these Gold IRA scams and make unapproved investments may find that their IRA contributions are completely inadmissible
.
While individuals are free to buy gold on the spot market and keep it at home, if they want to take advantage of the tax benefits of investing in gold through an individual retirement account, they must store the gold in an IRS-approved facility to comply with the withdrawal rules associated with IRAs. The IRS has established metal fineness guidelines that determine whether gold or silver in the form of gold bars or coins are acceptable for a gold IRA. Gold and precious metals ETFs offer the same hedging qualities and can be easily added to a standard IRA through a traditional broker. Both custodian banks and dealers promote gold IRAs and often have existing relationships that they will refer you to for the
other services.
If you invest in gold through an IRS-approved retirement savings account, you can’t physically own the asset. For this reason, you must be discerning when choosing your Gold IRA company and confirm the arrival of the gold shipment in your IRA vault. If you find that a company is offering “numismatic collectibles” for IRA investments, that should be a warning sign. A quick online search reveals a wide variety of Gold IRA companies that you can use to open an account
.
As with finding a new financial product, deciding which Gold IRA is the best depends on your situation. When you choose to open an IRA gold account, your investment company will send the gold directly to an approved depositary to meet IRS requirements. Over the course of several months, he was quizzed by several people who claimed that they could sell him gold coins at prices below market prices if he agreed to buy them through their companies. You should also be aware that the IRS regulates which coins and bars can be invested in using an IRA Gold account
. Regardless of
whether you invest in tangible assets or gold through an IRA, pay attention to the price the company charges compared to the market price of gold. You can see that there are numerous gold scams and gold IRA scams that are being used to target today’s investors
.
