Before investing in the best gold IRA rollover, it is important to address some salient points. For example: how you want to invest your funds and how your investment strategy affects your planning needs. At this point, an important question you need to ask yourself is: What is your main reason for investing in physical bullion?
Here are some likely reasons that can help you in answering the question and choosing the best gold IRA rollover:
- Diversification / Protection: if at a point in time you feel your current portfolio is more inclined or predisposed to stocks, bonds or mutual funds, allocating 5 to 10% of your entire collection to precious metals can help in effectively diversifying and protecting your portfolio.
- Loss of trust in the US dollar: if you have a feeling that Weimar catastrophe looms and as a result of this lost confidence in the dollar and other paper currencies, allocating about 10 to 20% of your portfolio won’t be a bad call.
- Future Profit: like most high net worth investors, if you have a strong belief that the price of gold will reach $5,000 per ounce in the next few years, then investing more than 20% of your entire collection could generate tangible profits in the coming years.
It is important to remember that when investing through an IRA, IRS-approved bullion coins or bars are essentials.
More so, some IRA and 401k custodians also allow investors to utilize gold ETF’s, gold mining stocks or mutual funds. Although this type of investment does not require the presence of storage facilities as required by physical bullion, it should be noted that the Gold ETF is an investment in “paper gold” and not actual Physical Gold.