A company that is an IRA can help you buy gold. The company acts as your custodian, and is responsible to a variety of things including:
Buy IRS-approved Gold for You
How to set up your self directed IRA
Make sure your gold is safe and secure
Transferring your existing IRA to a Gold IRA is possible without tax penalties
You should do your research to identify the gold IRA companies. Good companies should be willing and able to do these things:
You can roll your existing IRA over to a new gold IRA
Your funds can be invested in other precious metals than gold
Secure storage facilities for your gold
Monitoring the market conditions of gold and other precious metals
Provides good guarantee and deliver policies
A flat fee is charged to your account
We will advise you on the best way to approach a range of issues
Things to Consider When Choosing an IRA Company
There are many factors that you should consider when choosing the right IRA Company.
License: All IRA custodians have to be licensed by Internal Revenue Service (IRS). Therefore, it is essential that you ensure that you work with the right company.
Insurance It is good to work for a protected company. You should therefore work with a FDIC insured company. You can be sure that your investment will be refunded if there is any kind of catastrophe in the company.
Read online reviews . Many people share their experiences with companies online. If you’re looking for a reliable company, you can check out online review sites to see if any reviews have been posted about it.
If the company has no reviews, it is likely that it is still new and not a good idea to do business with them. Positive reviews are a good sign. The Better Business Bureau website should be your first choice.