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A gold backed IRA account is rapidly growing in popularity as people realize that paper currency based investment are significantly losing value. The Federal Reserve Bank's policy of rapidly printing dollars, in order to keep inflation depressed, is largely responsible.
Gold has been used as currency and been a highly prized precious metal. Gold has always been a favored investment to hedge your portfolio against inflation. Gold prices in the international gold market rise dramatically through times of instability, recession and currency fluctuations.
The ways of investing in gold can be via purchasing physical gold bullion in the form of gold bars or gold rounds, minted gold coins. With a gold backed IRA account, most bullion bars and certain gold coins are allowed by IRS rules.
Holding at least a small percentage of your stock portfolio in gold bullion is always a good idea. The relatively stable price of gold can help insure your investment portfolio against economic instability. Gold bullion prices may fluctuate over the years but gold investments are highly unlikely to get devalued and have performed well over recent years.
Gold coins have a legal tender face value in the countries currency that they were minted, and can be easier to dispose of if you need to liquidate your gold assets. Many types of gold bullion rounds or gold coins are available, such as American Eagles, Krugerrands, Sovereigns, Canadian Maples, Australian Gold Nuggets, Chinese Gold Pandas and many more.
Gold bullion bars are available in many different sizes upto 400 ounce size. The 400 oz bullion gold bar is the traditional bar size. These bars must meet certain specifications, they must weigh between 350oz - 430oz and be of a minimum purity of 99.5% pure Gold.
For current information on a gold backed IRA, we recommend a top tier company, Regal Assets. Here's a good starting point for your research: [http://soundcloud.com/user37231890/gold-backed-ira ****Smart Investing With a Gold Backed IRA]
The most cost effective way to invest in physical gold is to buy larger bullion bars. Gold bullion in bar form offers the lowest gold dealers percentage over the gold market price, depending on the bars size the dealers premium over fix can be as low as 1%. The best gold backed IRA provider we have found is Regal Assets.
Although the fact that gold bullion rounds or coins are much more liquid than bars may sway your decision to purchase bars. Gold coins can be disposed of on the open market fairly easily and quickly in comparison to large gold bars. Coins are also much easier for the smaller investor or private individual to obtain and to store. There is also the collectable and historical value that gold coins have against gold bullion bars.
Check out Regal Assets...they provide many choices with a gold backed IRA account.
Find out more on [http://soundcloud.com/user37231890/gold-backed-ira Smart Investing With a Gold Backed IRA]