Asked on 09 Apr 2019
This question is no longer accepting new answers because it has been merged with How to get started in investing gold in Singapore? What's the best way to go about doing it?
Depending on your risk temperament and portfolio needs, you could either invest in physical gold or gold etfs!
Advantages of Gold ETFs is its liquidity, transparency and low management fees. However, gold ETFs comes with a lot of counterparty risk, where the fund could possibly default on the agreement. Investing in Gold ETFs does not give you an exposure to gold. When you invest in a gold ETF you are buying the shares of the Trustee, that is you are a shareholder of the trust and not a gold holder.
Whereas investing in physical gold gives you direct physical ownership. Owning physical gold not only provides an investment hedge against inflation and rising rates but also allows investors to have full control over their gold investment.
TL;DR: If you are more risk-adverse, investing in physical gold is a better option.
Hi Zann. This is the best way I have found. Invest with Regal Assets. They have been ranked No.1 alternative assets gold, palladium, platinum, crypto investment for the last 9 years in a row.
Why They Are #1 in the Industry
They have set themselves aside from other companies by offering the most comprehensive rollover kit in the industry.
Customer Service and The IRA Rollover Process
In order to qualify for a gold IRA with them, you must have an existing 401(k) and move that to them. You have 2 options:
Transfer your existing IRA to a gold IRA. You can do this at any time and the only requirement is that you do the transfer between two custodians. The distribution check will be made to the name of the new account custodian where you will transfer your existing IRA account.
Take your distribution out from your existing IRA and deposit that to the new one. This must be made in 60 days or less, otherwise, the withdrawal will be subject to penalties and taxes. You can only do this once in 12 months if you want to keep all of your benefits of an IRA – especially tax benefits.
Why Should You Choose RegalAssets.com over Other Companies?
Experience – for you, this should be the #1 priority when letting custodians handle your funds, which will support you in your retirement years.
100% customer satisfaction – should keep you safe when deciding to roll over your existing IRA to a Gold IRA. Gold is a safe haven for financial stability and has been for over 2000 years.
Our Conclusion and Recommendation
Financial markets are very volatile and every day, for the past few years we hear about financial disasters in one form or another. Whether it is a recession, companies going bankrupt or even entire countries collapsing. It is not surprising to see mutual funds and other investment instruments connected to IRA accounts losing value.
This is exactly why gold is becoming more and more popular.
Gold is a stable asset that can’t suffer a catastrophic fall and loss in value. That is due to the fact that gold is limited in its supply.
The precious metals markets can only fluctuate but can never completely collapse. Its value fluctuates based on supply and demand, which has been proven time and time again throughout history.
After a lot of research, I chose them, based on these 5 key factors:
Fees and Policies
I can give them our recommendation based on all of the above. They have built a strong name for themselves and have many positive reviews from satisfied customers.
Free Gold Investment Kit: https://bit.ly/2kGPfXT
For me I'll look into a sell to open position on gold futures. The premium decay is quite good and profits can be had rather quickly. Look into this if you have a bigger risk appetite to learn about options in the first place
You have to decide if you want to hold physical gold or invest in the price of gold through a fund.
A gold ETF would be a easy way to access this market. SPDR has a popular one I believe. Some robos are using it as part of their portfolio.