Where do you find banks or credit unions that offer Gold IRA? I am interested to learn more about this Gold IRA.
Answers | 2
As of Now, April 2016, Gold (GLD) is up 16% YTD. If you bought GLD 5 rs ago, you would have a negative return.. If you bought GLD 10 yrs ago, you would be at break-even-NO gain, no loss.
A deeper question is. Why do you need Gold? If you live in the US and the U.S. Treasury ceases to exist. Gold could be a great investment-Of course you will also have many other things to worry about. Now if you live in a hyper-inflation type country where Gold is preferred. This may be an advantage. Again, there are also, many other things to worry about.
On your next point- What banks or credit unions offer a Gold IRA? You can easily open a self directed IRA with a brokerage. IRA's do have limitations. Rather than physical Gold, you could use GLD (an ETF) if you must have a Gold product. Keep in mind, whatever you put in an IRA or in any investment, you need to understand everything about what you are investing in and why. This is also important if someone else invests your money for you.
Some questions for you:
Where are you Financially?
Where do you need to be Financially?
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