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GET YOUR FREE 2023 GOLD IRA INVESTING KIT
Join our the GoGo Investing VIP List, and you can get a free Gold & Silver IRA Investing kit from GoldCo - our Top-Rated Gold IRA Company for 2022.
JONAH ELLINGSON
Jonah has worked as a professional journalist for more than a decade. He carries a B.A. in broadcast journalism and a Masters in Education from the University of Montana. His primary focus is on gold and silver IRAs, as well as all news and trending topics related to gold and silver investing. Previous work includes writing for RetirementAce.org. When he's not busy researching or writing, he can usually be found on a golf course.
As a senior citizen, you have a few different options when it comes to investing your money. You can choose to invest in stocks, bonds, mutual funds, or even real estate. However, one of the best options for seniors is a gold IRA.
There are several reasons why a gold IRA is often the best investment for seniors.
First of all, gold is a very stable investment. It doesn’t fluctuate in value as much as other investments, so you don’t have to worry about your investment losing its value.
Another reason why gold IRAs are a good investment for seniors is that they offer tax advantages. With a traditional IRA, you have to pay taxes on the money you withdraw from the account. However, with a gold IRA, you can defer taxes on the money you invest until you retire. This can help you save a lot of money in the long run.
Finally, gold is a very popular investment right now. This means that it is easy to find buyers for your gold IRA when you decide to sell it. This is not always the case with other investments, such as stocks or real estate.
If you are a senior citizen looking for a good investment, a gold IRA is often the best choice. It is stable, offers tax advantages, and is easy to sell when you need to.
With these factors in mind, let’s dig into the details of Gold IRA investing, to help give you an idea if it’s an option that may be worth considering.
What is a Gold IRA?
A Gold IRA is an individual retirement account (IRA) in which gold is held in the form of bullion, coins, or bars. You can set up a Gold IRA through a self-directed IRA custodian. This type of IRA allows you to invest in a wider range of assets than a traditional IRA.
Setting Up Your IRA
To get started setting up a Gold IRA, you will need to open an account with a self-directed IRA custodian and roll over funds from an existing retirement account, such as a 401(k) or traditional IRA.
Once your account is funded, you can then purchase gold bullion, coins, or bars and have them deposited into your Gold IRA.
Key Benefits
One of the benefits of a Gold IRA is that the gold is not subject to the same volatility as other investments, such as stocks or mutual funds. Gold is also a popular choice for investors because it is a tangible asset that can be easily converted to cash.
Another benefit of investing in a Gold IRA is that you can defer taxes on the money you invest until you retire. This can help you save a lot of money in the long run.
If you are a senior citizen looking for a good investment, a gold IRA is often the best choice. It is stable, offers tax advantages, and is easy to sell when you need to. With these factors in mind, let’s dig into the details of Gold IRA investing, to help give you an idea if it’s
Why Seniors May Want to Consider Setting Up a Gold IRA
- Gold is a very stable investment
It doesn’t fluctuate in value as much as other investments, so you don’t have to worry about your investment losing its value.
- Gold IRAs offer tax advantages
With a traditional IRA, you have to pay taxes on the money you withdraw from the account.
However, with a gold IRA, you can defer taxes on the money you invest until you retire.
This can help you save a lot of money in the long run.
- Gold is a very popular investment right now.
This means that it is easy to find buyers for your gold IRA when you decide to sell it. This is not always the case with other investments, such as stocks or real estate.
Diversification is Key
Gold IRAs can offer seniors a way to diversify their investment portfolio and hedge against economic uncertainty. If you are a senior citizen considering setting up a Gold IRA, contact a self-directed IRA custodian to get started.
Many people include some form of investment in their larger overall portfolios. Other investments that may also be part of their portfolios include:
- Stocks
- Bonds
- Real estate
- Mutual funds
- ETFs
- Annuities
Gold IRA Pros and Cons for Senior Citizens
Pros
- Gold is historically a very stable investment
- It doesn’t fluctuate in value as much as other investments, so you don’t have to worry about your investment losing its value.
- Gold IRAs offer tax advantages – With a traditional IRA, you have to pay taxes on the money you withdraw from the account. However, with a gold IRA, you can defer taxes on the money you invest until you retire. This can help you save a lot of money in the long run.
- Gold is a very popular investment right now – Which means that it is easy to find buyers for your gold IRA when you decide to sell it. This is not always the case with other investments, such as stocks or real estate.
Cons
- Gold can be a volatile asset – The price of gold is subject to fluctuations, which means that the value of your investment may rise or fall over time. Be sure to consult with a financial advisor to determine if investing in gold is right for you.
Why People Turn to Gold During Periods of High Inflation
When the cost of living goes up, but incomes don’t keep pace, it’s called inflation.
Too much inflation is bad for the economy, but a small amount is actually healthy and is often used as a tool by central banks to stoke economic growth.
The relationship between gold and inflation is a complicated one, but in general, when there is high inflation, the price of gold tends to go up.
This is because people turn to gold as a store of value during periods of high inflation since it is seen as a more stable investment than other assets such as stocks or real estate.
If you are a senior citizen looking to protect your wealth during periods of high inflation, investing in gold may be a good option for you.
Gold is a very popular investment right now, so it is easy to find buyers for your gold IRA when you decide to sell it.
This is not always the case with other investments, such as stocks or real estate.
Summary: Final Tips for Deciding if a Gold IRA is right for you.
There is no one-size-fits-all answer to this question, as the best investment for a senior citizen will depend on their individual financial situation and goals.
A certified financial planner can help walk you through the best investment strategy based on your individual needs.
However, there are a few things to keep in mind if you are considering investing in a gold IRA:
1. Gold is a very stable investment.
It doesn’t fluctuate in value as much as other investments, so you don’t have to worry about your investment losing its value.
2. Gold IRAs offer tax advantages.
With a traditional IRA, you have to pay taxes on the money you withdraw from the account. However, with a gold IRA, you can defer taxes on the money you invest until you retire. This can help you save a lot of money in the long run.
3. Gold’s current popularity makes it easier to sell.
Which means that it is easy to find buyers for your gold IRA when you decide to sell it. This is not always the case with other investments, such as stocks or real estate.
4. Gold can be a volatile asset.
While it’s been fairly stable historically, the price of gold is subject to fluctuations, which means that the value of your investment may rise or fall over time.
*Be sure to consult with a financial advisor to determine if investing in gold is right for you.
Sources
GET YOUR FREE 2023 GOLD IRA INVESTING KIT
Join our the GoGo Investing VIP List, and you can get a free Gold & Silver IRA Investing kit from GoldCo - our Top-Rated Gold IRA Company for 2022.
JONAH ELLINGSON
Jonah has worked as a professional journalist for more than a decade. He carries a B.A. in broadcast journalism and a Masters in Education from the University of Montana. His primary focus is on gold and silver IRAs, as well as all news and trending topics related to gold and silver investing. Previous work includes writing for RetirementAce.org. When he's not busy researching or writing, he can usually be found on a golf course.
Gold and silver IRAs have become increasingly popular in recent years as a way to hedge against inflation.
Goldco and Augusta Precious Metals are two of the most popular companies in this space, offering investors a wide range of options when it comes to precious metals IRA accounts.
In this article, we’ll take a detailed look at both companies, comparing their fees, investment options, and customer service in order to help you decide which one is right for you.
What Goldco and Augusta Precious Metals Offer
Goldco’s Key Features
Goldco is a well-established gold and silver IRA investment company, offering a wide range of products and services to its clients.
They offer both traditional and Roth IRA accounts, as well as SEP and SIMPLE IRAs for small businesses.
Goldco also offers a wide variety of precious metals to invest in, including gold, silver, platinum, and palladium.
Lastly, they are one of the few companies that allow you to use physical gold or silver as collateral for your IRA account.
Here are some pros and cons of investing with Goldco:
Pros
- Established company with a good reputation
- Wide range of investment options
- Allows you to use physical gold or silver as collateral for your IRA
- Low annual fees
- Free IRA and 401k Rollovers
- Free storage for non-ira precious metals
Cons
- Some complaints about high fees
Augusta Precious Metals Key Features
Augusta Precious Metals is another well-respected gold and silver IRA investment company.
They offer a wide range of precious metals to invest in, including gold, silver, platinum, and palladium.
Augusta also offers a variety of IRA account types, including traditional, Roth, SEP, and SIMPLE IRAs.
They have a low minimum investment amount of $5,000, which makes them a good choice for investors just starting out.
Here are some pros and cons of investing with Augusta Precious Metals:
Pros
- Well-respected company with a good reputation
- Wide range of investment options
- Low minimum investment amount
- Free one-on-one investment seminars offered
- Will cover 100% of IRA fees for 10 years based on size of your account
Cons
- Some complaints about high fees
- Limited customer service hours
Rollover Comparison: How the Process Works with Each Compay
The Goldco Rollover Process
Goldco offers a wide variety of IRA account types that can be rolled over into a gold or silver IRA, including traditional, Roth, SEP, and SIMPLE IRAs.
RELATED: Our Review of Goldco
The rollover process is simple and straightforward and can be done either online or over the phone.
Goldco also offers a free IRA Rollover Kit to help investors through the process.
The Augusta Precious Metals Rollover Process
Augusta Precious Metals offers a wide variety of IRA account types that can be rolled over into a gold or silver IRA, including traditional, Roth, SEP, and SIMPLE IRAs.
RELATED: Our Review of Augusta Precious Metals
The rollover process is simple and straightforward, and can be done either online or over the phone.
Augusta also offers a free IRA Rollover Kit to help investors through the process.
Accounts that Are Typically Available for Rollovers
- Roth 401k
- Roth 457b
- Traditional 401k
- Traditional IRA
- SEP IRA
- SIMPLE IRA
- Roth IRA
Fees: Which Company is More Expensive?
Goldco Fees
The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50. as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.
Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000.
Augusta Precious Metals Fees
Augusta Precious Metals charges a $49.95 setup fee, a $35 annual fee, and no storage fees. There are also miscellaneous fees for things like buying and selling gold or silver.
Tips for Deciding if a Precious Metals IRA is Right for You
Precious metals IRAs can be a good investment choice for several reasons.
- They offer the potential for protection against inflation.
- They can provide diversification for your portfolio.
- They have the potential to provide long-term growth potential.
- Precious metals IRAs can be self-directed, which means you have more control over your investment choices.
There are also some drawbacks to precious metals IRAs. First, they may be subject to higher fees than other types of IRA accounts.
Second, they may be less liquid than other investments, meaning it may be difficult to sell your assets quickly if you need to access cash.
Finally, precious metals prices can be volatile, which means their value could go up or down in the short-term.
Here are some pros and cons of investing in a precious metals IRA:
Pros
- Can offer protection against inflation
- Can provide diversification for your portfolio
- Has the potential to provide long-term growth potential
- You have more control over your investment choices with a self-directed IRA
Cons
- May be subject to higher fees than other types of IRA accounts
- May be less liquid than other investments, meaning it may be difficult to sell your assets quickly if you need to access cash
- Precious metals prices can be volatile, which means their value could go up or down in the short-term
If you’re considering a precious metals IRA then you should talk to a certified financial planner or investment advisor to decide if it’s the best choice for you.
Summary
Both Goldco and Augusta Precious Metals are well-respected gold and silver IRA investment companies with a good reputation.
They both offer a wide range of investment options, including traditional and Roth IRA accounts, as well as SEP and SIMPLE IRAs for small businesses. Goldco has a slightly lower minimum IRA investment amount of $25,000, while Augusta has a minimum IRA investment amount of $50,000.
Overall, Goldco and Augusta Precious Metals are both great choices for investors looking to rollover their IRA into a gold or silver IRA.
They both have a wide range of investment options, low fees, and good customer service.
Talk to your certified financial advisor, to determine if working with a company like Goldco or Augusta Precious Metals is the right choice for you.
0
GET YOUR FREE 2023 GOLD IRA INVESTING KIT
Join our the GoGo Investing VIP List, and you can get a free Gold & Silver IRA Investing kit from GoldCo - our Top-Rated Gold IRA Company for 2022.
JONAH ELLINGSON
Jonah has worked as a professional journalist for more than a decade. He carries a B.A. in broadcast journalism and a Masters in Education from the University of Montana. His primary focus is on gold and silver IRAs, as well as all news and trending topics related to gold and silver investing. Previous work includes writing for RetirementAce.org. When he's not busy researching or writing, he can usually be found on a golf course.
If you’re like many Americans, you have a 401k from a previous employer.
But what happens to that 401k when you leave your job? You have a few options, but one of the best is to roll it over into an Individual Retirement Account (IRA).
And if you’re looking for even more security for your retirement savings, you may want to consider a rollover into a gold or silver IRA.
Here’s what you can expect if you’re thinking about rolling over your 401k into a precious metals account such and gold and silver.
What is a 401k rollover and why would you want to do one?
A 401k rollover simply refers to the process of moving your 401k savings from your old employer’s 401k plan into a new IRA.
There are a few reasons why you might want to do this.
For one, it can be a good way to consolidate your retirement accounts if you’ve had multiple jobs over the course of your career.
Rolling over your 401ks into one IRA can make it easier to keep track of your retirement savings and ensure that all of your eggs are not in one basket, so to speak.
Another reason to roll over your 401k is that it may offer you more investment options than your current employer’s plan.
For example, some employer 401k plans only allow you to invest in a limited number of mutual funds.
But with an IRA, you can choose from a much wider range of investment options, including stocks, bonds, and precious metals like gold and silver.
The process of rolling over your 401k into a Precious Metals IRA
Rolling over your 401k into a gold IRA is actually a pretty simple process.
The first step is to contact a reputable gold dealer or broker to set up your account – Goldco is one of our preferred dealers.
You’ll then need to instruct your old 401k custodian to transfer the funds from your employer’s plan into your new gold IRA.
This can usually be done via a direct rollover, which means that the money will be transferred directly from one custodian to the other without passing through your hands.
Once the funds have been transferred, you can then begin investing in gold and other precious metals within your IRA.
Benefits of Rolling over Your 401k into a Gold or Silver IRA
There are a few key benefits that come with rolling over your 401k into a gold IRA.
First of all, as we mentioned earlier, a gold IRA offers you more investment options than a traditional employer-sponsored retirement plan.
With an IRA, you can choose to invest in a wide range of assets, including stocks, bonds, and precious metals like gold and silver.
Another benefit of investing in gold is that it can act as a hedge against inflation.
Over time, the purchasing power of gold tends to go up as the value of paper currency goes down.
So, if you’re worried about inflation eating away at your retirement savings, investing in gold can be a good way to protect your nest egg.
Finally, rolling over your 401k into a gold IRA can also help diversify your portfolio and reduce your overall risk.
By investing in a mix of assets, you can minimize the chances that a sudden drop in the stock market will decimate your retirement savings.
Why choose a gold IRA over other investment options?
When it comes to choosing an investment for your IRA, there are a few things to consider.
One is safety and security. You want to make sure that your IRA is invested in an asset that is not going to lose its value overnight.
Gold has a long history of holding its value, even during times of economic turmoil.
Another thing to consider is liquidity. You want to be sure that you can easily cash out your investment if you need to.
Gold is one of the most liquid assets there is, and it’s easy to sell or trade gold for cash.
Finally, you’ll also want to consider growth potential. While gold may not offer the same kind of growth potential as stocks or other investments, it can still provide some modest gains over time.
And, as we mentioned earlier, it can help protect your retirement savings from inflation.
Can I roll my 401k into Gold or Silver without penalty?
Yes, you can roll your 401k into gold or silver without penalty. The process is actually pretty simple.
The first step is to contact a reputable gold dealer or broker to set up your account.
You’ll then need to instruct your old 401k custodian to transfer the funds from your employer’s plan into your new gold IRA.
This can usually be done via a direct rollover, which means that the money will be transferred directly from one custodian to the other without passing through your hands.
Once the funds have been transferred, you can then begin investing in gold and other precious metals within your IRA.
How much of my 401k should be in precious metals?
There’s no definitive answer to this question, as it will depend on your overall investment strategy and goals.
However, many financial advisers recommend that investors allocate at least 10% of their retirement savings to gold and other precious metals.
This can help diversify your portfolio and protect your savings from inflation.
If you’re not sure how to allocate your assets, we recommend speaking with a financial adviser who can help you develop a retirement plan that meets your needs.
How to Get Started with a Precious Metals rollover
If you’re interested in rolling over your 401k into a gold IRA, the first step is to find a reputable dealer or broker to set up your account.
You’ll then need to instruct your old 401k custodian to transfer the funds from your employer’s plan into your new gold IRA.
This can usually be done via a direct rollover, which means that the money will be transferred directly from one custodian to the other without passing through your hands.
Once the funds have been transferred, you can then begin investing in gold and other precious metals within your IRA.
To learn more about how to get started with a gold IRA rollover, contact a reputable dealer or broker today.
Summary
Rolling over your 401k into a gold IRA can be a good way to diversify your portfolio, protect your retirement savings from inflation, and hedge against economic turmoil.
If you’re considering a rollover, be sure to contact a reputable gold dealer or broker to set up your account and begin investing in gold and other precious metals.
GET YOUR FREE 2023 GOLD IRA INVESTING KIT
Join our the GoGo Investing VIP List, and you can get a free Gold & Silver IRA Investing kit from GoldCo - our Top-Rated Gold IRA Company for 2022.
JONAH ELLINGSON
Jonah has worked as a professional journalist for more than a decade. He carries a B.A. in broadcast journalism and a Masters in Education from the University of Montana. His primary focus is on gold and silver IRAs, as well as all news and trending topics related to gold and silver investing. Previous work includes writing for RetirementAce.org. When he's not busy researching or writing, he can usually be found on a golf course.
Have you been considering investing in a gold or silver IRA recently? Or perhaps even the crypto space?
Regal Assets is one of the premier companies in the space, but how can you be sure they’re the right investment option for you?
In this Regal Assets review, we’re going to give you all of the information you need to know about how to get started, minimum investment requirements, and what their real customers are saying so you can decide if they’re the best investment option for you.
What is Regal Assets?
Regal Assets is a gold and silver IRA investment company that has been in business since 2009. They are one of the few companies that allow you to invest in gold, silver, platinum, and palladium, as well as cryptocurrency.
They have a B+ rating with the Better Business Bureau and have been featured in Forbes, Bloomberg, MarketWatch, and more.
Regal Assets is a trustworthy company with a lot of experience in the industry.
They offer a wide variety of assets to invest in, which makes them a great choice for those looking to diversify their portfolio.
The company was founded by Tyler Gallagher in 2009. He had previous experience working in the precious metals industry and saw an opportunity to provide investors with a way to invest in gold and silver.
Regal Assets has since grown to become one of the leading companies in the industry.
There are many reasons why someone would want to sign up for Regal Assets. The company offers a wide variety of assets to invest in, which makes them a great choice for those looking to diversify their portfolio.
They also have a lot of experience in the industry and are a trustworthy company.
Additionally, they have an A+ rating with the Better Business Bureau and have been featured in Forbes, Bloomberg, MarketWatch, and more.
Regal Assets Products and Services
Regal Assets offers a wide variety of assets to invest in, which makes them a great choice for those looking to diversify their portfolio.
They offer gold, silver, platinum, palladium, and cryptocurrencies.
Here’s more about each of these options:
Gold Products
Regal Assets offers a variety of gold products including bars, coins, and rounds.
These include:
- 1 oz Gold Australian Kangaroo Coin
- 1 oz Gold American Eagle Coin
- Gold Canadian Maple Leaf Coin
- Gold Chinese Panda
- Gold British Britannia
- Gold Austrian Vienna Philharmonic
- Gold London Good Delivery List Bar
- Gold Islamic 8 Dinars Coin
- and more
Silver Products
- 1 oz Silver American Eagle Coin
- 1 oz Silver Canadian Maple Leaf Coin
- Silver Australian Koala Coin
- Silver London Good Delivery Bar
- Silver British Britannia Coin
- and more
Platinum Products
Regal Assets offers a variety of platinum products including bars and coins. These include:
- 1 oz Platinum American Eagle Coin
- 1 oz Platinum Canadian Maple Leaf Coin
- Platinum Australian Koala Coin
Palladium Products
Regal Assets offers a variety of palladium products including bars and coins. These include:
- 1 oz Palladium American Eagle Coin
- 1 oz Palladium Canadian Maple Leaf Coin
- Palladium PAMP bars
Cryptocurrency
- Bitcoin IRA Kit
- Ethereum IRA Kit
Regal Assets Gold Portfolio
If you decide to invest in a RA Gold IRA, you have several portfolio options to pick from:
- Legacy Portfolio: The Legacy Portfolio is Regal Assets’ most popular gold IRA investment. It includes a mix of gold coins, bars, and rounds from around the world. $25,000 investment.
- Kingship Portfolio: The Kingship Portfolio is Regal Assets’ high-end gold IRA investment. It includes a mix of gold coins, bars, and rounds from around the world. $50,000 Investment.
- Dynasty Portfolio: The Dynasty Portfolio is Regal Assets’ mid-level gold IRA investment. It includes a mix of gold coins, bars, and rounds from around the world. $100,000 Investment.
- Coronation Portfolio: The Coronation Portfolio is Regal Assets’ entry-level gold IRA investment. It includes a mix of gold coins, bars, and rounds from around the world. $250,000+ Investment.
What is the Regal IRA?
The Regal IRA is considered an alternative assets IRA that gives investors the opportunity to put their money into physical assets like precious metals, as well as digital assets like cryptocurrencies.
At last check Regal Assets was one of the only companies that offered this type of IRA.
How to Get Started with Regal Assets
Getting started with Regal Assets is easy. You can set up your account in just a few minutes and start funding your account with as little as $500. Once you’ve funded your account, you can start buying assets.
Here’s a step-by-step guide on how to get started with Regal Assets:
- Set up your account: Setting up your Regal Assets account is quick and easy. All you need is your basic personal information and you can be up and running in just a few minutes.
- Fund your account: You can fund your Regal Assets account with as little as $500. You can fund your account with cash, check, wire transfer, or rollover. Buy assets: Once you’ve funded your account, you can start buying assets. Regal Assets offers a wide variety of assets to choose from including gold, silver, platinum, palladium, and cryptocurrency.
- Regal Assets Minimum Investment Requirements: One of the great things about Regal Assets is that there is no minimum investment required to get started. You can open an account for as little as $500. However, keep in mind that the more you invest, the more you will be able to diversify your portfolio.
Regal Assets Fees and Commissions
Regal Assets has a very simple fee structure. They charge a flat annual fee of $250 and that’s it. There are no hidden fees or commissions.
The only other costs you may incur are the costs associated with purchasing assets, which will vary depending on what you’re buying.
For example, if you’re buying gold coins, you’ll have to pay the spot price of gold plus a small premium.
The same goes for silver, platinum, palladium, and cryptocurrency.
- Regal Assets Storage Fees
Regal Assets charges a flat annual storage fee of $250 per year. This fee covers the cost of storing your assets in a secure vault.
- Regal Assets Minimum Purchase Amount
There is no minimum purchase amount when you invest with Regal Assets. You can buy as little or as much as you want.
Regal Assets Pros and Cons
Pros
- Regal Assets offers a wide variety of assets to choose from, which makes them a great choice for those looking to diversify their portfolio.
- Regal Assets has a lot of experience in the industry and is a trustworthy company.
- Regal Assets has an A+ rating with the Better Business Bureau.
- Regal Assets doesn’t have any hidden fees or commissions. The only fee you’ll pay is the flat annual storage fee of $250.
- There is no minimum purchase amount when you invest with Regal Assets. You can buy as little or as much as you want. Regal Assets offers a variety of storage options to choose from including segregated storage, which is the most secure option.
Cons
- The annual storage fee of $250 is a bit higher than some of Regal Assets’ competitors. While Regal Assets doesn’t have any hidden fees, the costs associated with purchasing assets can be high depending on what you’re buying.
Regal Assets Alternatives
While Regal Assets is a great company for helping you get started in gold, silver or crypto investing, they’re not always the best choice for everyone.
There are some other excellent options out there for you to consider.
Some of these other top-rated gold and silver IRA options include:
- GoldCo – Is GoldCo Legitimate
- Augusta Precious Metals – Augusta Precious Metals Reviews
- Birch Gold
- Noble Gold
- Advantage Gold
We have detailed reviews for these other companies as well, so be sure to read those for more information about each of them.
Real Customer Testimonials
As we’ve mentioned, Regal Assets has an impressive B+ rating from the BBB [2] as well a large body of verified reviews from trusted third party sources like TrustPilot [3] and Consumer Affairs [4].
While we encourage you to read as many reviews as you can before signing on, here are a few verified testimonials that are worth sharing here:
Great product and great people to work with…I follow Arnold Stone at Gold IRA Future, and after his suggestion invest some of my retirement savings to purchased a significant amount of gold bullion. The process was clearly explained and the execution smooth and efficient.
Though a bit difficult to get across what I needed in terms of documentation prior to my investing, both Christian and Leah were tenacious in finally getting things resolved so that I felt comfortable investing!
I have been working with Christian Howard for several years and just recently completed another rollover. He was very helpful and professional as expected and it is always a pleasure doing business with him!
From the very first conversation with Christian, I was very impressed. He answered my questions, discussed options in metals and cryptos, without once being pushy or trying to “close the deal.” The whole process proved to be an exceptional customer service experience.
These are just a few of the many reviews available, but you can read many more verified testimonials at the Regal Assets website.
Who Should Consider Regal Assets?
Regal Assets is a great choice for those looking to diversify their portfolio. Regal Assets offers a wide variety of assets to choose from, which makes them a great choice for those looking to diversify their portfolio.
Their company has a lot of experience in the industry and is trustworthy, with an A+ rating from the Better Business Bureau.
Regal Assets doesn’t have any hidden fees or commissions. The only fee you’ll pay is the flat annual storage fee of $250. There is no minimum purchase amount when you invest with Regal Assets.
You can buy as little or as much as you want.
Regal Assets offers a variety of storage options to choose from including segregated storage, which is the most secure option.
Summary
Regal Asset is a great choice for those looking to invest in a wide variety of assets. They offer a variety of storage options and have a lot of experience in the industry. The only downside is that the annual storage fee is a bit higher than some of Regal Assets’ competitors.
However, overall Regal Assets is a trustworthy company with a lot to offer investors.
Here are a few of the reasons to consider using RA for your gold, silver, and/or cryptocurrency investment needs:
- Regal Assets offers a wide variety of assets to choose from
- Regal Assets has a lot of experience in the industry and is a trustworthy company
- Regal Assets doesn’t have any hidden fees or commissions
- There is no minimum purchase amount when you invest with Regal Assets
- Regal Assets offers a variety of storage options to choose from including segregated storage, which is the most secure option.
Resources
- Regal Assets
- Better Business Bureau Regal Assets Rating
- RA Reviews on TrustPilot
- Regal Assets Reviews on ConsumerAffaris
0
GET YOUR FREE 2023 GOLD IRA INVESTING KIT
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JONAH ELLINGSON
Jonah has worked as a professional journalist for more than a decade. He carries a B.A. in broadcast journalism and a Masters in Education from the University of Montana. His primary focus is on gold and silver IRAs, as well as all news and trending topics related to gold and silver investing. Previous work includes writing for RetirementAce.org. When he's not busy researching or writing, he can usually be found on a golf course.
Investing in gold has been a reliable financial strategy for hundreds of years.
It’s not going to double your investment overnight but it will provide you with a sense of security against volatile markets and unpredictable global events.
We’ve witnessed many people taking financial losses due to uncontrollable events like COVID-19 and the military conflict in Ukraine.
Gold is one of the few consistent investments that can protect against these types of disasters.
There are many different ways that you can invest in gold. Not all of these options are as reliable, consistent, or affordable as others.
For example, many new investors are tempted to purchase gold bars or collectible coins.
Purchasing physical gold may seem like the smartest option but other more affordable alternatives can provide an even greater level of security.
In this article, we’re going to look at several of the different ways that you can invest in gold. We’ll cover why physical gold may not be the best option.
We’ll also cover the cheapest ways that you can get started with your gold investments.
Most Affordable Gold Investment Options
1. Consider a Gold ETF
A gold exchange-traded fund(ETF) is an alternative gold investment that has fewer fees and is significantly easier to buy or sell.
It is a much cheaper way to invest in gold and still enjoy all of the financial benefits that come from owning the security.
And since you don’t own the physical gold you do not have to worry about storage or insurance on the product.
An ETF is very similar to a mutual fund with a few minor similarities to traditional stocks. There are more than 1,300 ETFs available on the market today and we believe that gold is one of the most reliable.
If you don’t already have ETFs in your portfolio, then investing in gold ETFs is a great way to diversify, lower risk, and earn additional revenue.
A gold ETF will always contain only one asset, which, of course, is the gold itself. The ETFs can be traded on the market in the same way that a stock can. The fund is backed by the current value of gold but it does not include the ownership of that gold.
That means you do not actually own any gold when you invest in a gold ETF.
Many new investors prefer gold ETFs because it gives them experience and exposure to the movement of gold without the risks or additional fees.
Perhaps one day you would like to invest in a bulk purchase of physical gold. You can think of a gold ETF as a training ground where you learn how the value fluctuates and what moves the market.
The biggest benefit of this “training ground” is that you can earn a profit along the way.
This does not mean that gold ETFs are only for new investors. In reality, many long-term investors rely on these funds to hedge against economic turmoil.
When something happens that causes the dollar to decrease in value your gold investments will typically increase in value.
Purchasing an ETF helps protect against the decline of the dollar while selling them will allow you to benefit from the rise of the dollar.
There is more than one gold ETF on the market and it’s a good idea to familiarize yourself with the different options.
Ideally, you should work with a professional advisor who can explain the intricacies of ETFs in greater detail and help you find the particular ETF that would best suit your portfolio.
SPDR, GranitShres, VanEck, and iShares are considered the top funds for gold investment.
Are you tired of paying exorbitant fees for your investment choices? Do you want to avoid expensive storage and insurance fees for your gold investment?
Then an ETF may be your best choice.
In general, the only fee you will encounter is a brokerage commission. These fees rarely exceed $20. This makes gold ETFs one of the cheapest ways to invest in gold.
This isn’t the only affordable gold investment option. If your portfolio is already saturated with ETFs, then you might prefer an alternative.
Some of these alternatives are more confusing, yet can have a much higher return in the right circumstances.
2. Consider Investing in Gold Futures
Investing in gold futures has become another popular defense mechanism for savvy investors who want to protect their earnings against inflation.
It requires a better understanding of the market and the movement of gold.
Starting with gold ETFs and then moving to gold futures is a smart choice because the ETFs will help you better understand how the price of gold fluctuates.
Futures are very different from both physical gold and ETFs.
They carry a higher risk than either of those options because they require predicting the value of gold at a time in the future.
When you purchase a future you are buying into a contract where you agree to either buy or sell the commodity at a specific date for a specific price.
They can only be traded through specific future exchanges with the help of an approved brokerage firm.
Every gold future contract involves two parties. One person is the buyer and the other is the seller. In this way, futures operate similar to options but with lower risk.
An option is considered more akin to gambling because it may become completely worthless at the time of expiration.
In contrast, a future will always be worth something, though it may not be enough to recover from the initial investment.
This is because both parties are obligated to fulfill the contract at the designated time regardless of the value of the commodity.
If you agree to buy gold at a specific price and the actual value of gold is much higher at the time of completion, then you will have earned a profit on the trade.
Similarly, if you agree to sell and the actual value is much lower than the agreed price, then you will have benefited.
Gold futures very rarely involve the actual delivery of physical gold. Most brokerage firms that handle futures cannot store or insure physical gold.
Instead, the contract will close and the difference will be covered by the appropriate party.
Every gold-futures contract will cover exactly 100 troy ounces of physical gold. Thus, the actual value of the contract is equal to 100 times the current value of a single troy ounce of gold.
Ideally, you will be able to sell the contract for more than the market value to earn a profit.
One of the biggest advantages of investing in gold futures is the amount of available leverage. It’s possible to make very large investments in gold futures with very little capital.
RELATED READING: Is Gold a Good Hedge Against Inflation?
This makes it a very affordable investment opportunity for anyone who can properly predict the future value of gold. If the value moves in the direction that you predict, then you can turn a very small investment into a very large return.
Using a substantial amount of leverage can be a significant risk if you cannot adequately predict the movement of gold. If you take a loss while utilizing this leverage, then you will be required to pay more money to cover the margin.
If you are unable to, then the brokerage will close the contract and you will lose whatever you have invested.
The increased risk associated with futures makes working with a professional advisor a very smart move. If you aren’t confident in your ability to predict the future value of gold, then you should work with someone who can.
Over time, you may be able to learn how the market operates and take control of the investments yourself.
3. Consider Investing in Gold Mining Companies
The third and final option is once again very different from the previous alternatives.
It can still be one of the cheapest ways to invest in gold, though you are actually purchasing stocks in a company rather than physical gold or contracts related to gold.
The value of these stocks will fluctuate according to different standards and can be more difficult to predict without experience in the stock market.
Often referred to simply as gold stocks, these are stocks in public companies that are focused primarily on gold. The most common gold stocks are in mining companies.
Gold streaming companies are another option.
Many investors prefer gold stocks over physical gold because the potential returns can be much higher. The value of the stocks is heavily influenced by the value of gold but there are other factors involved as well.
Thus, when the value of gold increases the value of gold stocks can rise even higher.
There are also gold stocks that have a lower value than gold, which adds some financial risk to the equation.
One of the advantages of investing in gold stocks is that the value of the stock will increase when the company is doing well. If the value of gold rises, then the stock will typically rise as well. The mining company can then increase its production rate, which causes the value of its stock to climb even further.
This double increase in value can turn a very affordable investment into a very lucrative return.
As with any stock, the biggest risk comes from choosing the wrong mining company.
Not all companies perform equally well. You’ll want to do as much research as possible to find a safe company to invest in.
It’s a good idea to avoid very small mining companies as well as companies that have not yet started producing gold.
If financial security is your ultimate goal, then you want to look for well-established mining companies that have a proven track record.
Should You Consider Physical Gold?
Yes, but there are some factors to consider when deciding between physical gold and the “paper” gold options we detailed above.
Owning physical gold can feel very empowering.
It’s nice to know that you physically own a particular commodity. If all of the markets crash you can still extract value from your gold. It’s a valuable resource and is by no means a “bad” investment.
However, it’s not the cheapest way to invest in gold, which means it may not always be the best option if you want to hedge against inflation, economic events, or other disasters.
When it comes to collectible gold coins, there will be a significant markup on the price. The value of the collectible may indeed increase in time but many of them do not.
Most gold collectibles start off very expensive and stay within the same value range. And in times of an economic disaster, the collectible element may be completely useless.
You may only be able to exchange it for the value of the weight of the gold itself.
Standard gold coins and bullion will have smaller markups but they still exist. But even without the markups, physical gold is one of the more expensive gold investment options.
There are numerous fees associated with physical gold investments. You need to pay transaction fees, processing fees, storage fees, and insurance fees. If you only purchase a small amount of gold, then you may even need to pay a small lot fee.
All of these fees add up and make this a rather expensive investment option.
Luckily, physical gold is only one of the many different gold investment options. You can still protect your finances using gold without owning the physical commodity itself.
Here are a few of the more affordable gold investment options that savvy investors tend to love.
Summary: Which Gold Investment Strategy is Best For You?
The answer to that question depends entirely on your portfolio, your budget, and your preferred risk factor.
All three of these options are much cheaper than investing in physical gold but they each come with a different level of risk. Gold ETFs are the safest option but they have the lowest potential return. Gold futures and stocks both come with more risk but also a higher profit potential.
Consider diversifying your portfolio with different types of gold investments to spread the risk as well as the earning potential.
No matter which route you choose, you should always consult with a professional investment advisor to determine the best ways to diversify.
JONAH ELLINGSON
Jonah has worked as a professional journalist for more than a decade. He carries a B.A. in broadcast journalism and a Masters in Education from the University of Montana. His primary focus is on gold and silver IRAs, as well as all news and trending topics related to gold and silver investing. Previous work includes writing for RetirementAce.org. When he's not busy researching or writing, he can usually be found on a golf course.