We are often asked on this website “who has the best gold IRA? Before we will give you the answer, a little background information is first needed.
There are many factors to consider when choosing a firm to rollover or transfer your savings into gold ira. You should check to see that the company has excellent ratings with the Better Business Bureau, showing zero customer complaints and no reported government actions. Good ratings and reviews on independent consumer rating websites is another important requisite for a trusted gold IRA company. The last thing you want to do is trust your life savings with a shady outfit.
After reviewing more than 17 precious metals firms, one company excels in all of the above categories. That firm is Regal Assets.
As of this writing, these are Regal Assets statistics:
- A+ Rating with the Better Business Bureau
- 5 star rating with Trustlink and a preferred membership status
- AAA Rating with the Business Consumer Alliance
- 99.9% Customer satisfaction rating
- Official retailer listed with the U.S. Mint
The large quantity of outstanding client and consumer reviews/ratings for Regal Assets is really exceptional in the precious metal industry. Regal has truly unsettled the precious metals sector for the advantage of the customer. Due to not playing by the existing policies of boiler room, high pressure sales strategies and revealing the firms that still utilize these, Regal has elevated the bar for gold niche.
Regal Assets is obviously doing business correctly as they handled over $70 million in assets in 2013 together with a 1500% 3 year firm growth pace. Regal’s fantastic success is shown in their testimonials where customers are delighted that the company takes some time to inform new investors on the precious metals market, not hard sell them.
In addition, Regal has been featured in major financial magazines including Smart Money, Forbes and Inc. Magazine. The firm has also been rated the #20 US financial services firm by Inc. Magazine and had been featured in the 2013 Investment Guide for Forbes magazine.
Visit the Regal Assets website or call them toll free at 1-888-745-7957
Gold provides a safe haven when country’s economic policies and currency valuations are unstable. Gold becomes the escape hatch for many when currency values move dramatically. A substantial decline in the value of a currency has a significant impact on a country’s international buying power and the value of their people’s bank holdings. When currency values fall too low, a country’s central bank will often buy gold with hard currencies to prevent collapse.
Most investments bring losses and rewards, precious metal Individual retirement accounts as well. In numerous habits, gold Individual retirement accounts come with the exact same risks that any financial investment experiences. The cost of gold could increase or down and include volatility. Nobody can precisely predict its price longterm.
But despite the risk, there really is a reason to invest part of your retirement portfolio in gold. Gold owns a 5k year record of being actually a store of value. Stocks could crash to zero as we’ve seen with Lehman Brothers, bonds can default like in Argentina or receive large losses like in Greece. The market value of the greenback has continuously dropped. But gold will never be worth zero.
In the event that the cost of gold bullion does drop, this likely indicates paper based assets will certainly be doing well. So if your portfolio is balanced with both gold and paper-based funds, a loss on the gold side will be matched by the profit experienced by some other Individual retirement accounts and financial investments. “Many of these risks prevail for traditional IRAs, too. And traditional IRAs possess risks that gold bullion Individual retirement accounts do not have,” he adds.
Nevertheless there are really also a few risks specific to investing in physical gold.
Any physical commodity is subject to theft. Someone could break into the depository where your gold is being stored and steal it. However, to qualify for gold IRAs, depositories are required to be insured, which would protect your investment as long as your account doesn’t exceed the custodian’s stated value.
There are also untrustworthy custodians who might steal from their customer’s accounts or commit fraud by selling you precious metals that they do not actually have nor are planning to buy. “These risks can be mitigated by choosing a custodian that insures the financial transaction.
Beware of Bullion Scams
Unethical dealers frequently overprice their coins, lie about the bullion content, or attempt to pass off ordinary bullion coins as rare collectible coins. A few deceitful dealers may also try to market coins that may not be bullion coins in any way. Others may make an effort to retail bullion pieces with the identical design as coins from the U.S. Mint, although in different sizes. Indeed, private mints issue coins that resemble bullion coins produced by foreign governments, however may contain limited or no gold content. Your best defense is to research the market and select your supplier carefully.
Leveraged investments are risky investments that can result in the loss of even more money than you initially invested. Typically, in a leveraged investment scam, a telemarketer or website will mention that the price of a precious metal will take off and that you could make considerable profits by making a modest deposit for the metal, frequently as little as 20%. According to the marketer, by paying only 20 percent of the purchase cost, you can get more metal than if you needed to pay 100% of the purchase price.
In truth, you have borrowed money, as much as 80 percent of the purchase price of the metal, from a financial institution that states it will hold the bullion on your behalf, and bill you monthly storage fees as well as interest charges. Instead of submitting you a bill for those charges, the firm will reduce your equity in the assets. When your equity falls below a specific amount (for example, 15% of the acquisition cost), the precious metals firm will issue an “equity call,” demanding you to pay more money to increase your equity above the equity call level. In the event that you cannot pay or will not pay additional funds, the lender will sell the bullion to pay off your loan and submit you a bill if the sale of the metal doesn’t pay for the amount you are obligated to repay.
These kinds of investments are risky since you will get an equity call if the price of the bullion goes down, stays level, or simply doesn’t increase enough to balance out the mounting storage and interest charges.
Conclusion: To protect your life savings from inflation or some other government engineered financial disaster, precious metals are a proven insurance policy. And when you ask “Who has the best gold IRA?” Our answer is emphatically Regal Assets.