- 24 May 2023
- Bonds
- Precious Metals
- Comments: 0
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Investing in precious metals or anything of value requires finding a trustworthy and reliable company to safeguard your investment. In this regard, finding a reputable gold IRA company can be a challenge. This is where the US Gold Bureau offers investors a wide range of precious metals investment options.
The US Gold Bureau was founded in 2003 and is headquartered in Austin, Texas. The company has been in the precious metals business for almost two decades, providing investors with various options for investing in precious metals, including gold, silver, platinum and palladium.
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Background of US Gold Bureau
US Gold Bureau has a long history in the precious metals industry. It was established in 2003 and has since built a solid reputation for providing high-quality services to its customers. In 2008, it changed ownership and is currently owned by the same owners who acquired it. The company has grown over the years and has become a well-known name in the industry.
US Gold Bureau's parent company, Lone Star Tangible Assets, was selected by the state of Texas to build and operate the Texas Bullion Depository. This selection indicates the company's credibility and expertise in secure storage options. Additionally, using it under state oversight ensures the safety of its customers' investments.
Despite not being accredited by the Better Business Bureau (BBB), the company has maintained an A+ rating on the BBB website. This rating is based on various factors, including the time the company has been in business, customer complaints and how the company has responded to those complaints.
One of the advantages of working with the US Gold Bureau is its competitive pricing. The company offers some of the best prices in the precious metals industry, making it an attractive option for investing in precious metals.
The US Gold Bureau's Website
The US Gold Bureau's website offers a user-friendly interface, making it easy for visitors to find what they need. The main menu bar provides useful tabs that guide customers to various topics. These include buying precious metals, investment news and tips for investing.
The website also has a section dedicated to educating customers about diversification, which is crucial for any investment strategy. The information provided caters to both new and experienced investors.
For those who are just starting, the website provides basic information that is easy to understand, while seasoned investors can find advanced resources that cater to their specific needs.
Moreover, the website features a section on current precious metals prices, updated regularly to inform customers of the latest market trends. This is particularly useful for customers who want to keep track of the prices of the metals they are interested in investing in.
In addition, the website also features a blog that covers various topics related to precious metal investments. The articles provide insightful information on trends in the market and the economy and how these factors can affect the value of precious metals.
Products and Services
US Gold Bureau offers a variety of products and services to its customers, including:
How Does US Gold Bureau Ship Your Orders?
When you order from the US Gold Bureau, your package will usually be shipped using USPS or FedEx, reliable and trusted shipping carriers.
All packages are insured to protect your valuable order during transit. In addition, some orders may require a direct signature upon delivery for added security.
It's important to note that package redirects are not allowed once your order has left the US Gold Bureau facility. This is because redirects increase the risk of lost or stolen packages and the US Gold Bureau takes the safety of its customers' orders very seriously.
How Do You Buy Precious Metals from US Gold Bureau?
Purchasing precious metals from the US Gold Bureau is a straightforward process that can be done through their website or by calling their customer service team.
To buy precious metals online, visit the US Gold Bureau website and browse their selection of gold, silver, platinum and palladium products. You can securely add the items you want to your cart and checkout using various payment methods such as bank wire, personal check or credit card.
If you prefer to purchase over the phone or have questions about ordering, the US Gold Bureau's friendly and knowledgeable customer service team can assist you. They can guide you through the ordering process and answer any questions you may have about the products or payment methods.
How Much Should You Invest in Precious Metals?
Investment professionals generally recommend that investors allocate at least 10-20 percent of their portfolio to alternative assets, including precious metals. Diversifying your assets is essential to mitigate risks and safeguard your portfolio, especially during economic uncertainty.
However, the exact percentage of your portfolio you should allocate to precious metals ultimately depends on your financial goals, risk tolerance and investment horizon. If you're unsure how much to invest, seeking advice from a professional investment advisor is wise.
An investment advisor can help you evaluate your financial situation, identify your goals and determine the appropriate amount of precious metals to add to your portfolio. They will consider your investment objectives, risk tolerance and time horizon to recommend a personalized allocation tailored to your needs.
Why Put Gold in Your IRA?
An IRA is a special account that provides you with tax-protected savings that can be used during your retirement years, ensuring your financial security and that of your family. It is crucial to allocate a significant portion of your long-term savings to reliable and secure assets to ensure a comfortable and worry-free retirement.
While you can have cash in your IRA, it is rapidly losing value due to inflation, making it an unreliable option for long-term investments. This is where gold comes into play. Gold is a solid and dependable asset that retains its value and even increases over time. This makes it an ideal asset for long-term investment, especially during economic uncertainty.
In today's world, the global economy faces various challenges such as lockdowns, wars and inflation, which have created high uncertainty. Investors are looking for ways to protect their financial future and one way to do so is by investing in physical gold and placing it in their IRA accounts. A gold IRA investment prospers from these crises that negatively affect most other assets.
Not taking action to protect yourself and your family from economic dangers can be a significant risk. By investing in a gold IRA, you can take action to secure your financial future and protect yourself from the negative impacts of economic uncertainty. It is a simple yet effective way to ensure financial safety for yourself and your loved ones.
Which Precious Metals Are Allowed in IRA?
The Internal Revenue Service (IRS) allows certain precious metals to be held in an IRA to help investors diversify their portfolios and protect their retirement savings against economic uncertainty. However, there are specific requirements that these metals must meet to qualify for IRA investment.
The IRS allows gold, silver, platinum and palladium to be held in an IRA. However, it's important to note that not all types of precious metals are allowed. Collectible coins such as rare or commemorative coins, are generally not allowed in an IRA.
The metals held in an IRA must also meet specific purity requirements. For example, gold coins or bars must have a minimum purity of 99.5 percent, while silver coins or bars must have a minimum purity of 99.9 percent. Platinum and palladium coins or bars also have specific purity requirements.
Furthermore, the precious metals must be held in the physical possession of a trustee or custodian. You cannot take possession of the metals or store them at home. Instead, you must use an approved custodian to store the metals on your behalf.
Finally, there are weight requirements for the precious metals held in an IRA. For example, gold coins must have a weight of at least one-tenth of an ounce, while silver coins must have a weight of at least one ounce. Platinum and palladium coins or bars also have specific weight requirements.
It's important to note that the IRS may update its guidance on the types of metals and purity requirements allowed, so it's crucial to stay informed and consult with a professional before making any IRA investments.
Investing in these metals that meet IRS requirements can diversify your portfolio and protect your retirement savings against economic uncertainty.
Which IRA Account Types Can Hold in Precious Metals?
Three main types of IRA accounts can hold precious metals - traditional IRA, Roth IRA and SEP IRA. Each account type has its unique characteristics, which we have explained here.
❑ Traditional IRA
A traditional IRA is an individual retirement account that allows individuals to make pre-tax contributions. The money in the account grows tax-deferred until you withdraw it during retirement, at which point you will pay taxes on the distributions.
The maximum contribution limit for a traditional IRA is $6,500 per year ($7,500 if you're 50 or older). Withdrawals before age 59 ½ may be subject to a 10% early withdrawal penalty unless an exception applies.
❑ Roth IRA
A Roth IRA is also an individual retirement account, but it differs from a traditional IRA in that contributions are made after tax. This means you don't get a tax deduction for your contributions but won't pay taxes on your retirement distributions. The maximum contribution limit for a Roth IRA is the same as for a traditional IRA.
However, there are income limits that determine whether you can contribute to a Roth IRA or not. Withdrawals from a Roth IRA are tax- and penalty-free if the account has been open for at least five years and you're over 59 ½.
❑ SEP IRA
A Simplified Employee Pension Individual Retirement Account (SEP IRA) is designed for self-employed individuals or small business owners. Contributions to a SEP IRA are tax-deductible, reducing your taxable income for the year.
The maximum contribution limit for a SEP IRA is much higher than for a traditional or Roth IRA - 25% of your net earnings or $66,000 (whichever is less). Withdrawals from a SEP IRA are taxed as income and may be subject to a 10% early withdrawal penalty if taken before age 59 ½.
How to Fund Your Precious Metals IRA
Funding a precious metals IRA can be done through different methods.
❑ Rollover
A rollover is when you transfer funds from an existing retirement account into a precious metals IRA. There are two types of rollovers: direct and indirect.
❑ Transfers
This is the process of moving funds from one IRA to another. The transfer is made directly from the custodian of the existing IRA to the custodian of the new precious metals IRA. This process can be done as many times as the account owner wishes and there are no tax implications.
❑ Cash Contributions
Account owners can also make cash contributions to their precious metals IRA. However, the contribution amount is limited by annual contribution limits set by the IRS. For 2023, the contribution limit for those under 50 is $6,500, while those over 50 can contribute up to $7,500.
How Is the Process of Setting Up a Precious Metals IRA?
Setting up a precious metals IRA involves a few key steps. Here is a general overview of the process.
Final Thoughts
After a thorough analysis, it can be concluded that the US Gold Bureau offers satisfactory service and value to its clients. However, the company has faced customer complaints and delayed shipping, which may concern some investors.
Nevertheless, the US Gold Bureau strives to provide excellent customer service by ensuring their clients are informed throughout the process. Investors new to investing in precious metals can take advantage of the guidance their precious metals specialist provides.
When doing business with the US Gold Bureau, clients can expect that their needs and interests will be prioritized. If you have any questions or are ready to start, contact the US Gold Bureau for assistance.
While the US Gold Bureau may be an acceptable option for some investors, it may not be the best choice for everyone. Therefore, we recommend that investors explore other options before making a decision. Our website provides in-depth information about alternative options that suit your investment needs.
If you are looking to invest, don't forget to checkout our highest recommended companies!
>> Click Here To See Our Top 5 Recommended Precious Metals Investment Companies <<
Currently our #1 recommendation is offering up to $10,000 in free silver!