Buying Gold Bullion
One of the more attractive aspects to buying gold bullion, is its’ relative affordability in comparison to rare coin prices. Unlike long-term, rare coin investments, bullion carries premiums that generally hover slightly above the current gold spot price, which represents the cost of one troy-ounce of pure gold. The spot price is currently hovering around $1070 per ounce levels, and although there remains some debate as to why gold prices have dropped to such affordable levels so quickly, those who are buying gold bullion obviously believe that gold prices won’t remain there for very long. As a result, short-term profit seekers can now use bullion for what may be a wide-open window for potential gold spot price gains, while others are opening government-approved, bullion-backed IRAs, for long-term financial safety. (www.usagold.com)
Bullion-backed IRAs are an especially attractive option among our nation’s “baby-boomers”, since certified rare coin prices are so high, and long-term financial security is among these individual’s primary concerns. The government doesn’t permit rare coins for IRA storage, but acceptable bullion bar brand names include Credit Suisse, Johnson Matthey, Engelhard, and PAMP Suisse. Household investors typically purchase, one-ounce, and/or ten-ounce bars, although kilo bars are available.
Modern American Eagle bullion coins are the only government-approved items for IRAs with 22-karat purity, so holders of 22-karat South African Krugerrands may want to consider converting their metal to modern American Eagles, or various 24-karat bullion coinage, like American Buffalos, or Chinese Pandas.
Those who complete their research, are encouraged to contact one of our friendly specialists, who can facilitate a precious metal IRA transaction, and who also offer institutional discounts on bullion bars, coins, and rare coins to household investors like you.
Danny Burns
Tags: Buying Gold Bullion, Investing In Gold Bullion, Purchasing Gold Bullion
