Given the difficult times the economy has seen recently, many Americans are asking how they can diversify their IRA portfolio. One excellent choice that is often overlooked is to add gold bullion to your IRA. This article discusses a few important points that you should know when considering this.
Adding Gold Bars to an IRA
Some of us still think that the only gold bullion allowed in your IRA is the 22 karat American Gold Eagle coin. However, the Tax Payer Relief Act of 1997 changed that to include gold bullion bars as well. The advantage of gold bars over gold coins is that they carry a smaller 'mark-up' or 'premium'. In other words, they cost you less to buy. In addition, the premium is smaller for bigger bars. So if you plan to add 10oz of gold bullion to your IRA, you will pay less by buying one 10oz bar than 10 1oz bars.
When buying gold bars, there are also a couple of legal issues to bear in mind:
# 1 - Purity
The gold bars must be at least 99.5% pure gold. On the millesimal fineness scale, this is equivalent to 9950. Bullion such as Credit Suisse gold bars are 9999 fineness and so are acceptable investments.
# 2 - Accreditation
The bars must be hallmarked by assayers approved by NYMEX, the biggest bullion exchange in the US. One such approved assayer is Valcambi. Based in Switzerland, Valcambi is one of the largest and most famous refineries in the world. Exclusively manufacturing Credit Suisse gold bars for over 40 years, their hallmark 'CHI Essayeur Fondeur' decorates every single bar.
So how do you actually go about adding gold bullion to your IRA? Two companies with a proven track record in precious metal IRAs are Goldstar Trust and Entrust.
Hopefully this article has helped you understand better how you can add gold bullion to your IRA and why Credit Suisse gold bars are an excellent choice. As a final note, remember that it may be more convenient to buy gold directly rather than involve it in your IRA.
Do you want to profit from the massive increase in gold that is yet to come?
In the past 2 years, gold has increased a whopping 50%Article Submission, yet more is to come! This truly is a once in a lifetime opportunity and armed with the right knowledge you can be a part of it.
Click on the link for lots more FREE information on Credit Suisse gold bars and how you can be a part of the greatest bull market of this decade.
If you think you’ve missed the gold boat…Think Again.
