Gold and silver assets and disciplined gold assets mangagement is a wealth saver

Gold Assets in your portfolio as well as other precious metals are thought to be an insurance against the sudden devalutations of fiat paper money. Now gold and silver IRAs are another avenue for the wise investor.

Gold is often viewed as a foundation asset within any long term savings or investment account. Gold and silver is a wealth accumulator and its stability is as compelling as ever for the modern investor. It is a "flight to quality", and does not rely on any issuer's promise to pay.

Some people consider gold and other precious metals to be the ultimite retirement asset. Do you want your hard earned money in fiat monies that shrink in value whenever the Federal Reserve decides to print more money, or in hard currency like gold and silver that will retain its value for years to come?

Should you add gold assets to your IRA holdings or is it even possible? Yes it is. Since 1997, the Tax Payer Relief Act has made it possible for precious metal assets including silver, platinum and gold to be added to IRA accounts. Physical Gold is still the oldest and safest form of money, and it remains the world's strongest wealth securing asset.

If you're looking for an alternative to dollar denominated assets like stocks, bonds, and similar paper based investments, it's now possible to have both, with Gold and silver.

What are some of the reasons gold and precious metal belongs in its own asset group?

1. Precious metal offers a hedge against inflation.

The value of gold, in terms of the real goods and services it can buy, has remained very stable for decades if not centuries. Gold assets have retained their purchasing power while the real value of other currencies have generally declined.

2. Gold helps with risk managment.

Credit Risk: Gold does not carry a credit risk. Liquidity Risk: Gold benefits from a strong demand among a wide range of buyers. Market Risk: While gold is subject to market risk it tends to have low correlations to most assets held by institutional and individual investors. 3. Gold and precious metals gives portfolio diversification.

One of gold's most valuable contributions to a portfolio is the fact that it is not correlated with most other assets. Its price is not driven by the same factors that drive the performance of other assets.

4. Gold is a currency hedge.

Gold is considered a particularly effective hedge against fluctuations in the world's main trading currency, the US dollar.

So how does one add gold to an IRA? Basically, there are 3 steps involved, each one as important as the next: Buy goldgold assets (make sure you buy the right kind of gold that's approved by the IRS). Setup a Self-Directed IRA with an IRA Custodian . Store the Gold Somewhere in a Vault/Depository

Should I Transfer or Rollover my Retirement Plan? Your first alternative is a "transfer." This is something you can do at any time with your existing IRA, as long as the assets go from custodian to custodian. In a direct transfer, the money flows directly from one IRA custodian to another. This means the distribution check from the old IRA custodian must be made out in the name of the trustee or custodian of the new IRA account that receives the funds. Transfers may be made as often as you want.

The second alternative is a "rollover." A rollover occurs when "you" receive the distribution from your existing retirement account and then turn around and deposit it in another retirement plan custodial account. In this case you would need to re-deposit the funds into the new retirement plan account within 60 days. If the 60 day time period is exceeded, you would be liable for taxes and penalties on the money withdrawn. You may roll over the same money only once every 12 months to preserve the tax-deferred status of your retirement savings.

Comments? Questions? Email Here

© HowtoAdvice.com

How to Advice .com