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What Is a Gold/Precious Metals IRA?

These individual retirement accounts were created with the Taxpayer Relief Act of 1997.

Under the Act, the IRS broadened the types of assets that could be held in this type of account to include physical gold, silver, platinum, and palladium, either as coins or bullion.

Since gold is the most popular of the four precious metals, these accounts are commonly referred to as gold IRAs.

Just like traditional IRAs, all increases in the value of your gold and silver are tax-deferred until you withdraw the funds from your account.

Gold IRAs come in three types:

Roth Gold IRA (Post-Tax) – you invest with after-tax dollars, but all withdrawals during retirement are tax-free.

Traditional Gold IRA (Pre-Taxed) – your deposits may be tax deductible, while your withdrawals during retirement will be taxed as regular income.

SEP Gold IRA – a Simplified Employee Pension IRA that is available to small business owners, their employees, and self-employed workers.

As part of the individual retirement account, you must store your physical gold at an IRS-approved facility, like a bank or depository.

You can’t take actual possession of your gold, or it will be treated as a withdrawal under IRS rules and may be subject to penalties.

Call Augusta at 833-989-1952 or download your FREE precious metals guide to learn more: ►►► https://geni.us/AugustaFreeGuide

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Disclaimer & Disclosure statements:

Gold & Silver Central is for informational and educational purposes only and does not offer any personal financial advice. Please note that past performance does not guarantee future results, and always consult with a financial advisor before making any decisions. We are also viewer-supported and may be compensated from the links above (at no additional cost to you). Click here to learn more.

FREE Gold IRA guide: ► https://geni.us/AugustaFreeGuide (or call 833-989-1952)

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Download your guide: ► https://geni.us/AugustaFreeGuide (or call 833-989-1952 for more info)

----------------------------------------------------------------------------------------------

> Learn more about our #1 recommended Gold IRA firm.

> Subscribe to our Gold & Silver Central YouTube channel.

----------------------------------------------------------------------------------------------

Disclaimer & Disclosure statements:

Gold & Silver Central is for informational and educational purposes only and does not offer any personal financial advice. Please note that past performance does not guarantee future results, and always consult with a financial advisor before making any decisions. We are also viewer-supported and may be compensated from the links above (at no additional cost to you). Click here to learn more.

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Deciding when and how to invest in precious metals can be confusing, especially for beginners.

Specifically, you may wonder:

Should you buy gold NOW or wait?

Many people agree that yes, considering the current political and economic instability, you should indeed buy it in 2023 to create an extra layer of financial protection for yourself.

And that’s exactly what we’ll discuss today.

We’ll also mention the different ways you can choose to invest in precious metals, and which one we consider to be the best one today.

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> Learn more about our #1 recommended Gold IRA firm.

> Subscribe to our Gold & Silver Central YouTube channel.

----------------------------------------------------------------------------------------------

Disclaimer & Disclosure statements:

Gold & Silver Central is for informational and educational purposes only and does not offer any personal financial advice. Please note that past performance does not guarantee future results, and always consult with a financial advisor before making any decisions. We are also viewer-supported and may be compensated from the links above (at no additional cost to you). Click here to learn more.