I decided that I would take the plunge in a pool of golden. Now I have to decide where and in what form my IRA will invest in gold. Due to the popularity of gold, it can be hard to find reliable information online. There are a few independent advisors but not many. They're quieter than many gold brokers/dealers. I was able to learn some basic information and will now make my final decision on the best gold investment ideas. You can get the best gold IRA company in this sites.
You can invest in Gold IRA options
Bullion Bars- These bars are physical, gold bars and can be worth up to ten grand depending on the gold price. My IRA is buying the gold. As such, I wouldn't be able to see or hold the bar. However, the physicality a bar actually holds a lot of weight in my decision.
Coins – These coins are a tangible physical entity. However only a few types of gold coin can be held within an IRA. They cannot be collectible, and proof is not required. You can find out more about gold coins online. But make sure that they aren't rare, collectible or expensive if they are to be kept in an IRA.
Gold Exchange-Trade Funds (Derivatives that track up and down the value of gold ounces) No matter how simple it may sound, I will not buy any derivative within my IRA.
Gold certificates - basically a document proving your IRA has X quantity of bullion.
Mining Company Stock/Gold Mutual Funds. It's self-explanatory. I don't like to play with stocks at the moment, regardless of what company they are.
There are other options, such as e-gold (or digital gold). They are, to me, the same thing as bullion, since that's what the money's going to, and that's exactly what my IRA's actually buying.
I am directing my IRA for gold investment insurance. This basically means that I want to spread out potential losses and diversify the investments. I don’t want to pay storage and transport costs for bars and coins. I don't wish to buy stocks. And I will never, ever trade or buy anything derived from it. I want the trading process to be quick and simple. Online gold trading is my choice.