Gold and silver are important assets to add to your IRA portfolio because their value increases when paper investments, such as stocks and bonds, decrease, and both have proven track records over time.
WOODLAND HILLS, Calif. (PRWEB) November 22, 2019
Many people invest in traditional IRAs, Roth IRAs, 401(k)s, annuities or 403(b)s to preserve and grow their savings at an acceptable level that will help get them through retirement. Most IRAs contain mutual funds that invest in stocks, bonds, and ETFs.
“However, with the market on the verge of a crash, investors are desperately searching for alternative investment vehicles for their IRAs, ones that will provide protection and profitability, which is where gold and silver come in,” said Mark Naaman, CEO and co-founder of Allegiance Gold. “Gold and silver are important assets to add to your IRA portfolio because their value increases when paper investments, such as stocks and bonds, decrease, and both have proven track records over time.”
Added Alex Ebkarian, COO and co-founder of Allegiance Gold, “When considering an investment in gold and silver coins, it’s important to educate yourself about the precious metals market, as well as trends in the collector’s market. Ask yourself, ‘Why do some coins gain in value after a few years while others do not? What’s the difference between mint and mintage? What’s the difference between bullion, low minted, and proof coins? What is the bullion from which the coins were struck, the place of mintage, the mintage volume of the issued coins, the purity of the coins, the state of preservation, and the degree of rarity?’”
Once you’ve answered these questions and figured out your investing strategy, it’s time to select the right coin types that will safeguard your portfolio wealth. “Choosing the right types of coins for your Gold IRA is dependent on your short-term, medium-term and long-term investment goals and must meet certain fineness requirements to be eligible for placement into your IRA,” said Ebakarian.
“At Allegiance Gold, each one of us is dedicated to helping our customers protect their wealth and realize their retirement financial goals by investing in gold and silver in the best possible way,” noted Naaman. “If you are an investor who seeks protection and/or profit, invest in bullion coins; and if you are a collector, than numismatic coins
are right for you.”
For protection, bullion coins are struck from precious metals such as gold and silver. They have a clear statement of weight (multiple/fractions of 1 troy ounce) and fineness, are issued for investment purposes, and are not sold by the US Mint. The value of a bullion coin is determined by the coin weight and the amount of gold or silver that the coin contains. “Prices do change on a daily basis, depending on the price of gold and silver in the world markets,” stressed Ebakarian. “Some mintages are more valuable than others, due to their rarity. The most highly sought-after bullion coins are the Silver America the Beautiful 5 ounce and the Gold Buffalo Proof 1 ounce coins from the United States Mint.”
The Gold Buffalo is a 24K gold coin with a purity level of 99.99%, while the Silver America The Beautiful is regarded as one of the most beautiful coins to ever be produced. It contains 5 troy ounces of pure silver, making it the largest silver bullion coin ever issued by the United States Mint. Similar to the U.S. Mint, the Royal Canadian Mint is respected for producing high-quality investment-grade coins such as the animal series, which can be found in ¼ ounce denominations in gold or 1.5 ounces in silver.
“While numismatic coins, by definition, are better suited for collectors, they had to have been minted before 1933 and can never be reproduced,” concluded Naaman. “Over time, numismatic coins grow in rarity and, along with their historical significance, greatly influence their value which, oftentimes, can surpass the spot price. Like bullion coins, numismatic coins also are valued on gold and/or silver content.”
About Allegiance Gold, LLC
The mission of Allegiance Gold is to help individuals protect their wealth and retirement accounts by diversifying and investing in physical precious metals. As an independent national precious metals dealer, Allegiance has a wide range of precious metal products. Allegiance Gold has the highest rating verified by third-party consumer protection agencies such as an A+ from the Better Business Bureau (BBB), AAA from the Business Consumer Alliance and a Five Star rating from TrustLink. Customers have found investing with Allegiance Gold is easy. For more information, please call 844-790-9191, or visit http://www.allegiancegold.com. Allegiance Gold, LLC is located at 21650 Oxnard Street, Suite 1540, Woodland Hills, CA 91367.
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