For you to invest in gold, you need a self-directed IRA or SDIRA.
Many investors pass on this one because they don’t want to go through the trouble of either transferring their 401k or traditional IRA to a self-directed IRA.
Here is one good news though. Noble Gold Investments does the majority of the heavy lifting for you. Call us and we will guide you through the process.
But I highly suggest investing through a self-directed IRA. It provides built-in tax breaks on your assets’ earnings.
This type of account also allows you to pursue an area you might be particularly passionate about.
Personally, my work in the real estate industry developed my passion for it. It translated into some really good investments. I used the self-directed IRA to invest in real estate.
It’s not just real estate you can invest in with a self-directed IRA. You could invest in privately held companies and, of course, precious metal.
Essentially, a self-directed IRA allows you to diversify.
If you have some funds invested in the stock market, you might opt to place other funds in alternatives like undeveloped land or unsecured loans. This setup could help protect you from potential losses during a market downturn.
With all these advantages come disadvantages. The biggest of which is that, well, you control it. Some investments are higher risk. Even with a financial advisor, only you have the power over your SDIRA.
That’s not the only downside. Some investors think that the account maintenance fees can be relatively high and that the tax reporting requirements could be complex.
With all these considered, should you open an SDIRA?
We have always advocated diversification and many of the assets you may want in your portfolio, including precious metals, are under SDIRA.
Yes, it requires time but that’s true for all assets.
And when it comes to precious metals, we got you covered. We will be with you every step of the way.