Liquidating Precious Metal IRAs
Wednesday, January 27th, 2010Prospective precious metals investors needn’t be deterred, nor intimidated by the concept of liquidating precious metal IRAs, as this transaction is an everyday occurrence for reputable, large-volume, precious metals exchanges. These exchanges regularly handle transactions for corporate buyers, like banks, and insurance companies, and also handle setting up, and liquidating precious metal IRAs for household investors like you.
Precious metal IRAs have boomed in popularity since 1997, when legislation was passed by congress, which allowed for U.S. citizens to store gold bullion bars and coins in precious metal-backed retirement accounts. This long-term investment strategy is widely popular among baby-boomers who cannot afford rare coin prices, and who are using government-approved bullion for their financial protection. Rare coins like Double Eagles aren’t permitted for IRA storage, and bullion, $50 American Eagles are the only acceptable 22-karat coins for gold-backed IRAs.
By dealing with a reputable, large-volume, precious metal exchange, household investors can also receive institutional discounts on their government-approved bullion, which includes 24-karat bullion bars with reputable brand names like Credit Suisse, Engelhard, PAMP Suisse, and Johnson Matthey.
Acceptable 24-karat bullion coinage includes American Buffalos, Chinese Pandas, Canadian Maple Leafs, Austrian Philharmonics, and Australian Kangaroos, Koalas, and Lunar coins. These bullion coins are also available in fractional denominations like ½-ounce, ¼-ounce, and 1/10th-ounces, to accommodate a wide range of budgets. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on bullion, and rare gold coin to household investors like you.
John Burke




