The Golden Years: How to Use Precious Metals as Part of Your Retirement

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If your IRA consists entirely of stocks, bonds and mutual funds, you could be putting your retirement at risk. As you plan for your golden years, consider low risk investments that will still allow for appreciation over time. One of your best bets for achieving that goal and enhancing your retirement portfolio is to add a self-directed Precious Metals IRA, which allows you to invest in Precious Metals as a means of building retirement savings.

Why Choose Precious Metal IRAs

If you’re interested in the long-term growth of your retirement accounts, a Precious Metals IRA could be the solution. Traditional investments can be seen as risky, volatile and stressful, while investing in Precious Metals is sometimes viewed as less worrisome. As Precious Metals tend to move inverse of other asset classes, they help add diversity to your portfolio. A self-directed IRA provides all the benefits of traditional IRAs with the added benefit of including Gold and Silver, which are often seen as a “safe haven” in times of extreme market movements or financial uncertainty.

Choosing Precious Metals

Once you’ve decided to open a Precious Metals IRA, your first step will be to select a custodian or administrator. Visit our website to find a list of custodians who have a working relationship with APMEX and offer high quality, reliable service. After the account is opened and funded, you’re ready to start purchasing. You can choose from a wide selection of IRA-approved Precious Metals products that provide financial security for investors. For a complete list, visit the APMEX website.

When you’re ready to take possession of the Precious Metals from your retirement account, you’ll have a couple of options:

  • Convert your Precious Metals to cash.
  • Take an in-kind distribution of the physical metal.

You may want to consult your tax advisor to determine which option is best for you and your financial goals.

APMEX

If you’re interested in adding Precious Metals to or selling Precious Metals from your retirement account, APMEX is here to help. We have IRA-approved Precious Metals and account representatives who can help you establish a Precious Metals IRA. If you have questions or are ready to get started, please contact one of our IRA Specialists at 800.418.0235 or ira@APMEX.com.

The Season of GOLD

Gold, gold coins, gold bullion, gold coins, gold demand, gold gifts, holiday

Why Does Gold Demand Increase an Average of 11% during September thru December?

 

 

The last four months of the calendar year are historically the busiest time of the year for Gold sales.  If you look at the last eleven years, the increased demand for Gold has on average driven Gold prices up by 11%. If you look at the last eleven years, the increased demand for Gold has on average driven Gold prices up by 11%. There are many contributing factors to increased Gold demand, not the least of which is the Holiday season. 

Two of the largest contributors to the increase in Gold demand are China and India.  According to the World Gold Council, their purchases represent 52% of all Gold purchases.  Inflation has made prices more desirable for them;  those countries push their citizens to buy Gold for investment purposes.   For example, the Indian rupee appreciated 20% against the dollar in 2010. China’s inflation rate is 10% while their banks pay only 2-3%;  therefore, Chinese citizens lose purchasing power if they keep their money in banks.  Gold serves as a useful hedge against inflation and thus, its popularity grows within these countries.

We need to remember that seasons are different in other hemispheres;  August is the end of harvest in India.   In the past, over 70% of the Gold demand stemmed from the agricultural sector. Most of the Indian citizens deal in cash; they believe the best source of investment protections are real estate and Gold.  They also celebrate the Festival of Lights during this time of year. This is also the beginning of their marriage season starts where 24 karat Gold is given as a traditional marriage dowry.  India nor China have plans like Social Security so their citizens must provide their own financial security during retirement.

by Stephanie Chandler, APMEX Account Manager

 

Balance your portfolio with the 4th asset class of Gold today.

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