The pleasure of having gold is not just about the luxury and stature that it brings.
This particular precious metal can serve a lot of purposes. For one, it is used by many people as a hedge for inflation and other economic adversities.
The reason for this is because of its stability. Even if there are political or economic crises, the value of gold can remain intact.
Now, a lot of people have been asking how they can acquire gold. Specifically, those who are in the line of employment are seeking ways to have gold as a part of their retirement portfolio.
But really, how to retire with gold?
Is this a feat that it is difficult to achieve?
Is this meant for affluent people only?
Well, we are going to answer these questions in the following sections. Better read on.
Why Buy Gold for Retirement?
Of course, not all of you are very informed about why gold is a great investment commodity. Some of you might just want to try it out because it is on the financial trend.
Gold is Valuable
You see, gold is one of the oldest forms of currencies. It has existed way before paper money exists! We are not oblivious of the fact that it has been a possession of the royalties of the bygone kingdoms and eras, which solidifies its exemplary value.
Gold is durable and malleable. It has a lot of industrial applications, which makes it an in-demand commodity.
Furthermore, gold plays a huge role in global currencies. It is one of the reasons why many governments, reserves, and companies are hoarding it.
With all of these things given, being able to take possession of this particular metal is already a huge thing.
It is an indirect way of saying that you are a rich person and that you have something that can protect your traditional assets if things go south.
It has extreme stability, which means that it will never get worthless unless all of the world’s systems fall down (that’s not an exaggeration).
Gold is A Hedge
Take into account that when the fiat currencies today, such as the U.S dollars, lose their value, gold doesn’t. In fact, those that are very predicaments where gold and other precious metals prove their worth.
For those who are heading toward their retirement, these kinds of perks are necessary.
Once you have retired, you have no means or sources of a regular stream of income–except if you were able to establish some businesses. All of the wealth that you have built over the years that you have been working will be put at risk.
Why? Because you have no means to protect them. You are not a steady earner anymore. By the time there are serious emergencies and other financial commitments, where are you going to find your dough?
Inevitably, you will have to throw some of your savings and sell some properties that you have acquired.
Isn’t this the predicament that you want to avoid? You don’t want to retire without any form of stability. It is a worrisome situation that any soon-to-be-retirees never dream of experiencing.
Fortunately, investing in gold is one of the perfect means to protect the wealth that you have kept over the years.
Just like what we said, gold is a stable and expensive commodity. It is the perfect hedge that will prevent you from draining your account to bankruptcy.
With gold at your disposal, you will never have to worry about your future after your retirement.
How to Retire With Gold?
There are various methods for a retiree to get gold and the following are some of the ways:
Method #1: Get the Gold Through Physical Purchase
Obviously, the direct purchase is the simplest way of acquiring gold. Right now, there are professional dealers that sell fine gold in their bullion form. This could be in the form of bars and coins.
It sounds straightforward, right? If you have the resources, you can really do this in a whim. But since the price of this item is not that cheap, we do recommend that you do your research.
Make sure that your dealer is authentic and reputable. If you are looking for a top-tier dealer, I recommend that you should check Regal Assets.
Before you buy gold, make sure that you have proper storage for it. Some people invest in vaults so that they can protect their precious commodities from potential damages.
For those that can’t do this, they typically let their dealers act as the custodians for their gold. They just pay a fee for this service.
Some do opt for bank depositories. Regardless of which route you choose, make sure that it is beneficial for you.
Method #2: Get the Gold Through Gold Stocks
There is an existing notion that getting gold stocks is difficult, especially if you are not a stock market aficionado. However, that’s not simply the case.
Anyone can invest in gold stocks, even those who are close to retiring already. It is never too late to learn.
For this to work properly, a person has to dedicate time for monitoring and managing. There’s a need for you to determine which gold stocks are worth investing. These things require constant analysis. You don’t want to invest in a stock that is quite volatile.
However, take into account that gold stocks are not really a preferred method by some investors.
You see, investing gold stocks via ETF or exchange-traded fund will not entitle you to the actual physical gold. Yes, you have a paper claim, but that doesn’t automatically mean that you have gold already.
In some cases, people realized that the paper claims are just one of the many out there. In fact, per a single ounce of gold, there could be hundreds of claims. It simply means that there’s not enough gold to supply the high demand.
Therefore, before you invest in gold ETFs, make sure that you have already planned your move already. You don’t want to retire empty-handed.
Method #3: Get the Gold Through IRA
For now, the most cost-efficient method of getting gold for retirement is through IRA or the Individual Retirement Account. The latter is something that companies have for their employees.
Part of your salary is taken so that they can be put into these accounts. Such a policy is to ensure that workers have money after they have retired.
However, you can always roll-over your IRA so that you can buy gold with it. If you can make a self-directed IRA, you are already allowed to get alternative assets such as gold and real estate. In some cases, it could even be cryptocurrencies.
Take into account that there are stipulations for this kind of arrangement. One of this is that only approved IRA custodians can make these rollovers.
Moreover, the gold that you purchased should only be stored in locations that are recognized by the Internal Revenue Service (IRS). You don’t have the right to store the commodity in your house.
Make sure that you have a reputable service provider to accommodate this kind of setup.
Our #1 Recommendation: Regal Assets
Regal Assets is one of the most trustworthy precious metals dealers that can teach you how to retire with gold.
This company has been a popular bullion dealer, not only in the United States but across the globe as well since they have offices in Canada (visit the Canadian website here) as well as Dubai (visit the Dubai website here). They have excellent customer service and provide myriads of products.
You can directly purchase fine gold from them. They house a variety of collections, which ranges from IRA-approved coins to premium and rare commodities. They also excel in handling gold IRAs.
They are a legitimate custodian for gold products that have been purchased via these IRAs. All their vaults are legally sanctioned for security and control.
They also have segregated storage as a standard feature as well as highly efficient online processing so you can do all your transactions securely online without much worry at all.
If you want to retire with gold in your portfolio, Regal Assets can help you out.
That’s it for now. If you have questions or suggestions, feel free to drop them in the comment section.