#1 Gold IRA Podcast With Jeffrey Tan: The #1 BEST And MOST COMPREHENSIVE Gold IRA Information Source [goldirapodcast.net]

Narrator: 00:00

To get started, I would recommend that you get a completely free gold IRA guide that is written by the best and most trusted gold IRA company that I have found after over twenty years as an expert independent gold researcher. This free gold IRA guide will explain everything you need to know and will also answer any questions you may have about gold IRAs. This is the best guide I have seen in my lifetime as an expert independent gold researcher with more than twenty years of experience, and this is the best guide available anywhere in my opinion. Also, when you get this free gold IRA guide, you will get free access to the top gold IRA experts who will provide you with personalized support and help over the phone, and they will answer any questions you may have. To get this top free gold IRA guide, simply go to the link that is in the episode show notes or go to the link that is in the episode description.

Narrator: 00:56

So, again, to get this top free gold IRA guide, simply go to the link that is in the episode show notes, or go to the link that is in the episode description. This free guide is really worth getting. Simply go to the link that is in the episode show notes or go to the link that is in the episode description. Also, this audiobook is not financial, investment, or tax advice. For financial, investment, or tax advice, consult a financial, investment, or tax adviser and take full responsibility for any decision you make.

Narrator: 01:28

Okay, let's start the audiobook. What is a precious metals IRA? Precious Metals Gold IRA Explained. Introduction. A precious metals IRA, also known as a gold IRA, is a type of individual retirement account that allows investors to hold physical precious metals as a retirement investment.

Narrator: 01:46

This audiobook will provide a detailed explanation of what a precious metals IRA is, its benefits, the types of precious metals that can be included, the process of setting one up, and the reasons why investing in a gold IRA can be a favorable choice for retirement savings. What is a precious metals IRA? A precious metals IRA is a self directed IRA that enables investors to hold physical precious metals such as gold, silver, platinum, and palladium as a retirement investment. This type of IRA is similar to a traditional IRA, but with the added benefit of allowing investors to diversify their retirement portfolio with tangible assets that have inherent value. Precious metals IRAs are held by custodians who are responsible for the safekeeping and management of the physical metals.

Narrator: 02:36

These custodians are typically banks or trust companies that have been approved by the Internal Revenue Service to offer this type of account. Benefits of a precious metals IRA. There are several benefits to investing in a precious metals IRA, including diversification. Precious metals have a low correlation to stocks, bonds, and other paper assets. This means that adding physical precious metals to a retirement portfolio can help to reduce overall portfolio risk and provide a hedge against market volatility.

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Inflation hedge. Precious metals have historically been used as a hedge against inflation. As the cost of goods and increases, the value of precious metals tends to rise, helping to protect purchasing power. Tangible assets. Physical precious metals are tangible assets that have inherent value.

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Unlike paper assets, physical precious metals cannot be devalued or manipulated by governments or financial institutions. Limited supply. Precious metals are rare and have a limited supply. This scarcity can help to drive up the value of precious metals over time. Tax advantages.

Narrator: 03:46

Precious metals IRAs offer the same tax advantages as traditional IRAs. Contributions to a precious metals IRA may be tax deductible, and earnings on the investment can grow tax deferred until retirement. Types of precious metals allowed in a precious metals IRA. The IRS has specific requirements for the types of precious metals that can be included in a precious metals IRA. These requirements include gold.

Narrator: 04:11

Gold coins and bars must be at least 99.5% pure and must be produced by a NYMEX or COMEX approved refiner or assayer. Examples of eligible gold coins include American Gold Eagles, Canadian Gold Maple Leafs, and Austrian Gold Philharmonics. Silver coins and bars must be at least 99.9% pure and must be produced by a NYMEX or COMEX approved refiner or assayer. Examples of eligible silver coins include American Silver Eagles, Canadian Silver Maple Leafs, and Austrian Silver Philharmonics. Platinum coins and bars must be at least 99.95% pure and must be produced by a NYMEX or COMEX approved refiner or assayer.

Narrator: 04:53

Examples of eligible platinum coins include American Platinum Eagles and Canadian Platinum Maple Leafs. Palladium. Palladium coins and bars must be at least 99.95% pure and must be produced by a NYMEX or COMEX approved refiner or assayer. Examples of eligible palladium coins include Canadian palladium maple leafs. Setting up a precious metals IRA.

Narrator: 05:17

Setting up a precious metals IRA is a simple process that can be completed in a few easy steps. Choose a custodian. The first step in setting up a precious metals IRA is to choose a custodian. It is important to choose a custodian who is experienced in handling physical precious metals and who is approved by the IRS. Fund the account.

Narrator: 05:37

Once a custodian has been chosen, the next step is to fund the account. This can be done by rolling over funds from an existing IRA or four zero one ks or by making a cash contribution. Choose the precious metals. After the account has been funded, the next step is to choose the precious metals that will be included in the IRA. It is important to choose metals that meet the IRS requirements and that are produced by a NYMEX or COMEX approved refiner or assayer.

Narrator: 06:06

Store the precious metals. Once the precious metals have been purchased, they must be stored in a secure facility that is approved by the custodian. This can include a depository or a vault. Why invest in a gold IRA? Investing in a gold IRA can be a favorable choice for retirement savings for several reasons.

Narrator: 06:26

First, gold has historically been a safe haven asset that has maintained its value during times of economic uncertainty. This can provide peace of mind for investors who are concerned about the stability of the stock market or the value of the dollar. Second, gold has a low correlation to stocks and bonds, making it an ideal asset for diversification. By including gold in a retirement portfolio, investors can reduce overall portfolio risk and provide a hedge against market volatility. Third, gold is a tangible asset that has inherent value.

Narrator: 07:00

Unlike paper assets, gold cannot be devalued or manipulated by governments or financial institutions. This can provide a level of security and stability that is not possible with other types of investments. Finally, gold has a limited supply, which can help to drive up its value over time. As the demand for gold increases, the value of the metal is likely to rise, providing a potential source of growth for retirement savings. Conclusion.

Narrator: 07:28

A precious metals IRA or gold IRA is a type of individual retirement account that allows investors to hold physical precious metals as a retirement investment. This type of IRA offers several benefits, including diversification, inflation hedge, tangible assets, limited supply, and tax advantages. By investing in a gold IRA, investors can protect their retirement savings from market volatility, inflation, and devaluation while also potentially earning a return on their investment. If you are considering a gold IRA, be sure to choose a reputable custodian and ensure that the precious metals you choose meet the IRS requirements. Also, I would recommend that you get a completely free gold IRA guide that is written by the best and most trusted gold IRA company that I have found after over twenty years as an expert independent gold researcher.

Narrator: 08:21

This free gold IRA guide will explain everything you need to know and will also answer any questions you may have about gold IRAs. This is the best guide I have seen in my lifetime as an expert independent gold researcher with more than twenty years of experience, and this is the best guide available anywhere in my opinion. Also, when you get this free gold IRA guide, you will get free access to the top gold IRA experts who will provide you with personalized support and help over the phone, and they will answer any questions you may have. To get this top free gold IRA guide, simply go to the link that is in the episode show notes or go to the link that is in the episode description. So, again, to get this top free gold IRA guide, simply go to the link that is in the episode show notes, or go to the link that is in the episode description.

Narrator: 09:14

This free guide is really worth getting. Simply go to the link that is in the episode show notes, or go to the link that is in the episode description. Also, this audiobook is not financial, investment, or tax advice. For financial, investment, or tax advice, consult a financial investment or tax adviser and take full responsibility for any decision you make. This is the end of this audiobook.

Narrator: 09:39

I hope you enjoyed this and found it valuable. I would really appreciate it if you could please share this with everyone you know and leave a positive review for me. So again, I would really appreciate it if you could please share this with everyone you know and leave a positive review for me. All the best to you.