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When it comes to buying physical gold and silver, most people think of purchasing bullion and coins through an Individual Retirement Account (IRA). However, there are a number of advantages to buying physical gold and silver with Augusta Precious Metals outside of an IRA; read on to learn more about them!
IRA vs. No-IRA – Pros and Cons
When you buy gold or silver as a retirement vehicle, there are two different approaches you can take. One option is to purchase precious metals through your self-directed Individual Retirement Account (IRA), and another is to purchase them outside of a retirement account. Each approach has pros and cons, so it’s important that you understand both options before making a decision. To learn more about buying gold or silver as part of your retirement plan, read on for a brief overview about each approach: IRAs vs. no-IRAs.
An IRA can be a good option if you are looking to increase your retirement savings in a tax-advantaged way. These accounts also provide potential tax deductions and come with income limits that allow many people to contribute. One benefit of contributing to an IRA is that you will be able to get at your money if you need it before retirement age, but withdrawals before age 59 1⁄2 will incur taxes and penalties. If you plan on withdrawing money from your account before retirement anyway, then investing in a self-directed IRA might make sense.
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If you choose to invest in gold or silver outside of an IRA, there are some benefits. One big pro is that you don’t have to pay any fees or deal with income limits. Another advantage is that you will have more flexibility when it comes to withdrawing your money; you can take out what you need without penalty at any time, even before retirement age. While non-retirement accounts generally incur lower costs and fees, they also offer fewer tax advantages than IRAs do. And while IRAs provide more protection against creditors who want to seize your assets, non-retirement accounts often provide better protections against lawsuits or legal claims related to your business.
Ways to Buy Gold & Silver Outside of a Traditional IRA
There are several ways to buy physical gold and silver outside of a traditional Individual Retirement Account (IRA). For example, you can invest in gold bullion or silver coins directly using your cash. It’s also possible to purchase physical gold or silver using your retirement funds, but you must use a Self-Directed IRA or Solo 401(k) in order to do so. There are other ways that can be discussed on a case by case basis. Your best option depends on your specific situation. Please feel free to reach out if you have any questions about buying gold & silver outside of an IRA for yourself or a loved one!
When you buy physical gold or silver with cash at Augusta Precious Metals, your order is sent to a nearby depository where it will be safely stored until you’re ready to sell. Then, you can select from various payment options. We offer a range of convenient methods, including check payments and bank wires for customers located in our local service area. For most orders, we also accept credit card payments via our online purchasing platform.
Can I Buy Gold or Silver with Cash and Receive it at Home?
Absolutely! In fact, in many cases cash is their preferred method of payment. We’ve learned from experience that most customers prefer to take possession of their metals and feel more secure when they see them. That being said, they do offer our online ordering and delivery options for those who would rather not have to go pick up their gold or silver at a retail location. Our goal is to make purchasing gold and silver as convenient as possible for you, but regardless of how you choose to purchase your metals they are quite happy to help get your metals delivered right where you want them.
What Happens if the Stock Market Crashes?
If you’re thinking about investing in precious metals, there’s a question that is likely on your mind. It’s one that we get all of the time, so it makes sense: what happens if (or when) stocks crash? Well, while you can never predict exactly what will happen in a downturn, we can tell you what will happen to your precious metals holdings if our country experiences a repeat of 2008.
If you own physical gold or silver in your personal possession (and no one else has any claim to it), then nothing happens at all. It doesn’t matter if stocks crash, housing prices fall or other assets plummet. It doesn’t matter how bad things get – as long as you have your precious metals safely stored where they can’t be taken away from you, they’ll still be there when things settle down again. However, if your gold or silver is held by a bank, brokerage firm or another third party… well, that’s a different story entirely. While we hope that never happens, it’s important to know what could happen in such a situation so you are prepared for every eventuality.
What Happens if Gold or Silver Prices Fall?: Believe it or not, you may have heard people say that a falling price for gold and silver is actually a good thing for investors. They say you should buy low so you can make more money later on when prices rise again. While that advice sounds nice, it’s actually terribly misguided. Why? Because it ignores two important points: what happens to your overall asset position if metals prices fall, and how likely it is that they will fall in the first place.
Are You a Good Candidate?
Are you someone who likes to be in control of your assets? Do you dislike taking advice from others, preferring to make all your own decisions? Are you looking for a way to diversify your portfolio beyond stocks, bonds, and mutual funds? Then buying physical gold or silver might be right for you. Owning gold or silver can help you feel more secure in unpredictable economic times because these metals have long been considered a safe-haven asset. Additionally, many people like that precious metals don’t have any counterparty risk (as opposed to stocks). So if companies like Bank of America go bankrupt, investors are still eligible for payments.
If you’re still wondering if you should buy physical gold or silver, consider your personal preferences. Do you like control over your investments? Do you dislike trusting financial advice from others? If so, buying physical gold or silver might be right for you. People buy these metals because they aren’t tethered to one specific economy, are liquid enough to cash out any time (that is, they can be sold quickly), have low transaction costs, and don’t have counterparty risk (if a financial institution goes bankrupt). Many investors find these characteristics attractive for reasons beyond economic ones. Owning physical gold or silver can also help people feel more secure in uncertain times.
Why Augusta Precious Metals is the Best Choice for Buying Gold or Silver in Cash
Augusta Precious Metals is the best choice for buying physical gold or silver, not only because they have a track record of being the most trusted name in precious metals but also because Augusta Precious Metals can work with clients who are looking to buy metals for outside of their IRAs. This is important for those who have already maxed out their 401k or other retirement accounts that allow tax-deferred growth, but still want to invest in precious metals. Furthermore, if you aren’t sure about investing in the stock market yet don’t want to deal with any volatility associated with making price fluctuations on precious metals (like gold or silver), the option to invest in precious metals is always available from Augusta Precious Metals.
Augusta Precious Metals offers free shipping and free storage, so you don’t have to worry about how to move your metals once they are in your possession. Unlike many online precious metal dealers, all orders placed on a Sunday will be processed on Monday; as all orders placed after 3 pm EST (12 pm PST) will be shipped out the following business day. Customers who need immediate delivery are encouraged to contact Augusta at anytime, as some situations can be accommodated even on weekends or holidays for delivery for emergencies. Finally, if you have any questions about buying physical gold or silver or have any questions regarding your purchase order that was sent over through Augusta’s secure website, customers should contact their customer service department by phone or live chat.
How to Get Started With Augusta Precious Metals
The first step to buying gold or silver through APM is to visit their website. They have a great interactive chart on their homepage that allows users to determine how much they would like to invest in precious metals. Once you have decided on your initial investment, simply click start now or next on the bottom right hand corner of your screen. This will prompt you to enter a few simple details about yourself and also give you options for depositing money into your account.
You can also call Augusta to help in getting started by picking up your phone or using their live chat feature on their website. This is a great way to get helpful information regarding additional products offered by APM, like gold, silver and platinum coins, bullion bars and more. They can also help you set up an account so that you can buy gold or silver directly from them today!