Physical Gold IRAs: Nothing Like the Real Thing
Posted By | April 11, 2017
I came across an interesting article in Seeking Alpha today discussing exchange-traded funds (ETFs) of gold mining shares. There’s some wisdom in this article for investors who love gold, and I recommend you read it.
An ETF is a basket of stocks that trade as a single unit on the stock exchange. It’s an informative article overall, but I want to call out the most important sentence: “The rally in the commodities may have lifted the share prices of gold mining companies, but investing in ETFs that track physical gold is a better way to invest in the metal.”
Let’s unpack that statement. An ETF that tracks physical gold buys gold futures, options and the physical metal itself. I want to take it a step further. In my opinion, nothing beats holding the physical metal, not messing with surrogates like gold mining shares or futures contracts. Why? Because shares and contracts are really just pieces of paper (or computer bits) – try spending them when all hell breaks loose. Nope, if things go sour, I want the real thing: solid gold in the form of bullion coins. Oh hey, did I mention, that’s precisely the way you can buy gold in an Augusta® Gold IRA from Augusta Precious Metals. It’s the smart way to accumulate gold.
Upheaval leads to golden opportunities
Now, if you don’t take the idea of economic upheaval seriously, perhaps you haven’t been watching the news lately. Does anybody really know what dirty little political secrets will be revealed in 2017? As I write this, I am watching a newscast announcing that former National Security Director Michael Flynn is willing to testify about Russia if he gets immunity from criminal prosecution. His lawyer says Flynn has quite a story to tell. Well, hang on, mate! We’re in for a bumpy ride. Once folks start asking for immunity, you can be sure more shoes are going to drop.
What’s this have to do with gold? Plenty! Political and financial instability, although unfortunate for many, can have very fortunate results for those who invest in gold. The yellow metal has been used for millennia as a buffer against catastrophes, collapses, depressions, wars, famines and all sorts of other nasty events. Silver, too. Now I’m not predicting any of these disasters right now, but heck, I’m not ruling them out either.
What to do? Well, I’d say pay attention to the news (the real news, not the fake kind) and make a maximum contribution to your Augusta Gold IRA or Augusta Silver IRA. Your contributions are tax-deductible, and you only pay taxes when you withdraw money from the account. Take control of your retirement funds – open an Augusta Gold IRA from Augusta Precious Metals today!
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