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.

APMEX announces worldwide exclusive release of Avengers Coins

FB_CoverImage_851x315_AvengersAPMEX is the exclusive dealer of the new 1 oz Silver Marvel Avengers coins, featuring the characters Captain America, Iron Man, Thor and Hulk.

For years, Marvel Comics and its characters have intrigued the masses. Debuting the Avengers team in 1963, the comics featured humans, mutants, robots, aliens and other supernatural beings banding together to fight “the foe no single superhero can withstand.” Made famous for their battle cry of “Avengers Assemble,” the team received a new audience in 2012 with the box office hit movie, “The Avengers.” A variety of spin-offs from the original movie have only increased the popularity of these heroes.

APMEX is the worldwide exclusive retailer for the new 1 oz Silver Marvel Avengers coins. Limited to a mintage of 3,500 complete sets, these 1 oz Silver coins are destined to be true collectors’ items. There are four 1 oz coins in each set: Captain America – The First Avenger; Hulk – The Incredible Avenger; Thor – The Mighty Avenger; and Iron Man – the Armored Avenger.

APMEX is offering the coins for purchase individually or as a four-coin set. Hulk, Thor and Iron Man will be offered as single 1 oz Silver coins in a limited-edition embossed, collectible character tin that showcases the featured Avenger. Captain America will have an added bonus, coming in the large four-coin compatible tin lunchbox for consumers to collect the rest of the Avengers separately. Each coin comes with a four-color, sequentially numbered Certificate of Authenticity made from stainless steel and a bio card printed in state-of-the-art 3-D, along with a specially designed lapel pin. The complete set of four 1 oz Avenger coins includes each collectible character tin inside the limited-edition lunchbox featuring a group shot of all four Avengers inside.

“These iconic characters resonate with people around the world,” APMEX Vice President of Merchandising Andrew Martineau said. “We’re excited to be the exclusive dealer of these coins and provide unique items like these to our customers.”

APMEX Press Release – Oklahoma Legislation Exempts Precious Metals from Sales Tax

800x400_OK_tax_freePROklahoma City, OK : October 30, 2014 – Beginning November 1, 2014, Oklahoma residents will be able to invest in Gold, Silver, Platinum and Palladium coins, bars and rounds from Oklahoma Precious Metals dealers without paying sales taxes on those purchases.

On June 4, 2014, Oklahoma Governor Mary Fallin signed Senate Bill 862, declaring Precious Metals were to receive the same tax exemption as other investments, such as stocks and bonds.

“We are thrilled that the Oklahoma Legislature passed this important law. We think this will open doors for in-state investors to think about Precious Metals as part of their portfolio as it equals the playing field with other investment products.” Scott Thomas, President and Founder of APMEX.com of Oklahoma City, said.

The bill passed with bipartisan support in both the Oklahoma Senate and House of Representatives, as many believe local investment dollars will support the Oklahoma economy. The bill aims to help all investors buy Precious Metals and allow the money spent to reside with Oklahoma businesses. The bill was authored by Sen. Clark Jolley (R-Edmond) and Rep. Gary Banz (R-Midwest City).

Charles Hines, resident of Newcastle, Oklahoma, said, “This bill has me considering Precious Metals as part of a way to invest. Knowing that I won’t be charged sales tax sweetens the deal.”

The bill also includes third-party storage options like safety deposit boxes or Citadel Global Depository Services, Inc.

“As one of the largest Precious Metals companies in the world, we’re excited to show our state the options we bring when it comes to buying Precious Metals. At the end of the day, no matter where people are buying, as long as it’s in Oklahoma, it’s a win for our state,” Thomas said.

About APMEX, Inc.

APMEX, Inc., one of the largest online sellers of Gold, Silver and other Precious Metals products, offers one of the world’s largest selections, including all U.S. Mint bullion such as Gold, Silver and Platinum American Eagle coins. APMEX also sells all types of Royal Canadian Mint products, including Gold, Silver, Platinum and Palladium Maple Leaf coins. APMEX is a member of the American Numismatic Association, the International Precious Metals Institute and the Industry Council for Tangible Assets. For additional information, visit www.APMEX.com or call 800.375.9006.

Contact: Teresa Burris, APMEX, Inc., 405.595.2100, ext. 112, Teresa.Burris@APMEX.com

Q & A with a Precious Metals Expert!

Q&ARecently we held a Q & A session on Reddit with our Senior Product Manager Brian Hunt. We received some good Questions we’d like to share Brian’s answers to.

If you ever have a question, know that you can contact us at 800-375-9006 and we’re happy to help!

Question: If someone is brand new to precious metals and looking to get started, what products would you recommend they spend…say…their first $500 on from APMEX?

Answer: Honestly, you should buy what you like and what you’re comfortable with and what products interest you. It depends on what’s making you invest (wanting bullion or wanting something more collectable) But, my personal recommendation is Proof Silver Eagles with box and COA. Reasons why are these coins hold a more than just a bullion value. They hold a numismatic value and they are IRA acceptable. Here’s a link to our selection of IRA Proof Silver Eagles. http://www.apmex.com/category/22141/silver-eagles-proof-w-box-coa

 

Question: How often do you come across counterfeit coins/bullion and what is the process of dealing with the counterfeits once you’ve come across themTop of Form

Answer: We come across counterfeit coins and bullion on a daily basis. That is why it is so important that you purchase your product from a trusted source such as APMEX or even buy certified product from NGC & PCGS.

Once we have determined an item is indeed counterfeit we check what metals are used in the makeup of the product (copper, gold, silver etc.) We then contact the previous owner to let them know that their products is indeed counterfeit and in many cases we end up melting the product so the item is never sold again as a genuine product.

Question: How did you go about moving your collecting and hobby to the next level to become a project manager at APMEX?

Answer: You got to broaden your knowledge of buying, selling, and merchandising products. I got started with APMEX at an ANA summer seminar class when I met 2 employees in the same class. We took the counterfeit detection class and hit it off. So going to those types of things gets you great exposure and knowledge.

Question:Is traditional coin collecting doomed now that all coins are released in perfect condition collector sets?

Answer: No, I don’t feel that way. Coin collecting hasn’t been doomed. There will always be a wide selection of products that you can collect. Whether it be a Morgan Dollar or even a 20 Dollar Saint Gaudens Gold Coin. Here are some Morgan Dollars to look at: http://www.apmex.com/category/52040/morgan-dollars-1878-1904 Here are some Saint Gaudenshttp://www.apmex.com/category/11902/20-double-eagles-saint-gaudens-1907-1933

Question: Most of us here are familiar with APMEX. What’s the one thing about working there that would surprise us the most?

Answer: Honestly, being around the high value merchandise on a day in – day out basis. I’m a kid in a candy store. Great! Let our rep know if you ever need something.

Weekly Gold & Silver Market Recap – 10/31/2014

METALS AWAIT DIRECTION AHEAD OF FED MEETING

The week began with speculation on what might occur during the Federal Reserve’s two-day policy meeting that began on Tuesday, along with a week of important economic data releases. Precious Metal prices received a nice boost Monday morning ending three consecutive days of losses from recovering physical demand. Precious metals strategist at Mitsubishi Corp International Johnathan Butler said, “Although this is clearly a bearish development for gold as it implies the beginning of monetary policy normalization, it may have already been priced in.”

EURO BEGINS TO IMPROVE

The euro gained ground and edged up on Monday following the European Central Bank’s stress test on European banks.  The test helped relieve some concern surrounding the eurozone economy and found smaller than expected capital requirements within European banks. Neil Mellor, a currency strategist at Bank of New York Mellon in London, said, “There are some positives from the stress tests and it could have been a whole lot worse.”

GOLD DROPS AS ETP ASSETS DECLINE TO FIVE-YEAR LOW

Holdings in exchange traded products (ETP) backed by Gold fell to their lowest level in five years on Monday. The metal’s 30-day historical volatility climbed in October, shaking many investors out of the market. Investors continue to try and predict when the U.S. Federal Reserve will raise interest rates, which is considered negative for metal prices.

GOLD LIFTED BY WEAK DOLLAR

Precious Metals reacted positive on Tuesday to data from the U.S. Commerce Department showing durable goods orders fell 1.3 percent in September. The news pressured the U.S. dollar, which assisted Gold as it regained nearly four percent this month on global growth concerns. “There were some stops triggered once we breached yesterday’s low, but China walked in and pushed up Gold,” one Hong Kong trader said. “People are nervous ahead of the FOMC and big position changes are unlikely. For the moment, I think we will hold between $1,220 and $1,240 [per ounce].”

HOUSING MARKET FUTURE UNKNOWN

U.S. housing data released on Tuesday showed an overall increase for single family home prices for the month of August from 2013, though the increase fell short of expectations. The S&P/Case Shiller composite index compared 20 metropolitan areas and reported a 5.6 percent gain for the month of August, the lowest year-to-year growth since November 2012. “Despite the weaker year-over-year numbers, home prices are still showing an overall increase, as the National Index increased for its eighth consecutive month,” S&P Dow Jones Indices index committee chairman David Blitzer said in a statement. The housing market will be a focus point once the Fed ends its stimulus program, as the policy initially began after the devastation from the notorious 2008 U.S. housing bubble.

FEDERAL RESERVE ENDS QE, PRESSURES COMMODITIES

Wednesday afternoon the market reacted to the Federal Reserve’s announcement to end its quantitative easing (QE) program, which consisted of monthly bond buying to stimulate the U.S. economy. Stocks fell, bonds sold off and Precious Metals were pressured lower after the news broke from the Fed’s policy meeting. Gold fell slightly more than one percent once the news broke. Investors also noticed a more aggressive tone toward raising interest rates sooner than later. “Maybe we brought forward the (first rate) hike a month or two from where it was yesterday,” David Ader, chief Treasury strategist at CRT Capital, said. Wall Street expected a fourth quarter rate hike, despite Fed forecasts of a hike occurring near mid-year.

METALS CONTINUE FALL ON FED’S DOVISH STANCE

Precious Metal prices were moving rapidly and trading lower on Thursday after Wednesday’s announcement from the U.S. Federal Reserve to officially end the stimulus program that has provided support to the economy.  However, even with the losses that occurred, some analyst are positive for the direction of Gold and believe the recent selloff in Gold prices is overdone and demand for the metal has already rebounded.

U.S. DOLLAR CONTINUES TO CLIMB

A day after the Federal Reserve’s recent statement, the U.S. dollar climbed to its highest point in more than three weeks.  Although investors continued to take in the dovish tone from the Federal Reserve, upcoming data may also play a factor is Gold’s pricing.  Esther Reichelt, currency strategist at Commerzbank said, “The positive sentiment is likely to be reinforced by today’s third-quarter gross domestic product data.”

BANK OF JAPAN’ S NEW ROUND OF QE WEIGHS ON PM PRICES

Friday morning both Gold and Silver fell to their lowest point since 2010.  The cause was mainly due to an unexpected move by the Bank of Japan to begin a new round of quantitative easing, which weakened the Yen to a near seven-year low.  The news boosted the U.S. dollar to a four-week high against other major currencies.  Precious Metals are attempting to fight off the many factors that are currently pressuring their price this week with the Fed ending QE in addition to Thursday’s strong U.S. gross domestic product data that was released.

At 5:24 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,175.50 Down $25.10
  • Silver, $17.26 Down $0.25
  • Platinum, $1,240.00 Down $7.90
  • Palladium, $794.50 Up $12.80

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (EDT)! Or call us Fridays until 6 p.m. (EDT)! If you have any questions about investing in Precious Metals or simply would prefer to place your order by telephone, we are here to help.

3 Ways to Store Your Precious Metals

Where do you store your Precious Metals? How can you ensure your investment will be safe and secure? What measures are you taking to prevent theft and physical loss?

If you’re new to iStoring Your Investmentnvesting in Precious Metals, the last thing you want is to put that investment in jeopardy. That’s why it’s important to choose the best way to store your Precious Metals. Whether you’ve invested in Gold bullion, Silver bars or Platinum bullion, you should do your best to ensure that it’s stored as safely as possible. Your first major decision when it comes to storing your Precious Metals is whether you want to store them yourself or work with a third party.

Personal Storage at Home

One of the most popular options for Precious Metals storage is a safe in your home. A safe offers security and easy access. Safes can be a thief deterrent because they’re often hard to break into and can be heavy depending on the size. There are some issues to consider. Unless your safe is bolted to the wall or floor, there is a chance that someone could remove it from your home. However, if you need constant access to your metals, a safe is probably your best option.

Thieves rarely enter the kitchen, laundry room or child’s room when robbing a home. If you have a small safe and ample space in the back of a cabinet in your kitchen, that might be one of the safest places in your home to store your investments. The last place you want to store your safe is the master bedroom because it’s the first place people of ill intent will look for valuables. There are also many inexpensive, ingenious items on the market to hide or disguise your valuables.

Safety Deposit Boxes

If you want to store your Precious Metals with a third party, a safety deposit box is one of the most popular options. Safety deposit boxes are usually offered by banks, which tend to have a high level of security. However, there is an additional cost for this, and access is often limited to bank hours, which could be an issue for you.

Professional Storage Solutions                                                                      

One of the safest and most secure options for storing your Precious Metals is through facilities  managed by a security company. Selecting a maximum security storage facility for your Precious Metals can give you peace of mind. If you choose the right company, you reduce the risk of theft, damage to your items or physical loss. Working with a professional storage company will keep your Gold, Platinum and Silver metals in great shape so you can benefit from them later on down the road.

Of course, just one of these options may not be enough. Many find a balance with a mixture of storage options. If you’re looking for a complete solution when it comes to storing your Precious Metals, AMPEX has you covered. Citadel Global Depository Services, Inc., a wholly-owned subsidiary of APMEX, offers maximum security Precious Metal storage that is both convenient and affordable. Whatever you choose, make sure you check your options, terms and fees with each. At the end of the day what matters most is peace of mind about your investment.

Weekly Gold & Silver Market Recap

ANOTHER WEEK OF TRYING TO PREDICT FUTURE FED ACTIONS

This week, Gold and Silver gave back a small portion of their recent gains. Last week’s negative global economic news boosted prices on expectations that the Fed would delay interest rate hikes. The markets continue to focus on what the Fed may or may not do and this week the sentiment turned to sooner rather than later [interest rate hikes]. All it took was a jobs report with claims lower than expected. Expectations are that Precious Metals and U.S. stocks will continue to go back and forth dependent upon predictions of which way the Fed winds will blow.

The renewed confidence in equity markets this week boosted the U.S. dollar. On Wednesday, a report came out indicating a stable and low inflation in the U.S. These two factors independently drive down Gold and together should have clobbered prices, but they did not. Why? Perhaps it was the news coming out of Russia that their central bank is stocking up on Gold. The Chinese central bank is suspected of doing the same thing along with India, as Gold demand is up for the Diwali festival. The Swiss Gold Referendum is also picking up support. If passed, this referendum would mandate Switzerland to purchase a very significant amount of Gold.

Mohamed El-Erian, former CIO Pimco, came out with an article on Monday that is worth noting, “4 Things to Remember after Wild Market Week”:  “1. It doesn’t take much too severely dislocate markets, both down and up. 2. Liquidity is elusive when traders need it most, even when it comes to the deepest of all markets. 3. Market positioning and risk-taking are no substitute for solid fundamentals. 4. The Fed still doesn’t have much appetite for financial volatility, and markets will readily embrace its reassurances that it will try to act to counteract these gyrations.