Thursday, July 14, 2011

Individual Retirement Account - A fabulous plan

Those who are on the verge of retirement normally start planning long before they actually retire. They will have several options like investing in the Fixed Deposit, investing in shares/debenture, investing in real estate etc. Yet another form of investment is from Goldstar wherein the investment is made in Gold and Silver. As a matter of fact, Gold and Silver are the two metals which have are most popular to buy and put into an IRA. Even during the recession, the price of gold and silver have increased in value.

As compared to Gold and Silver the stock market is quite unpredictable and the prices of individual shares may or may not register any increase. The real estate market is of course predictable. But the investor has to invest substantial money in it. Further, in order to redeem the investment, the investor has to sell the entire property. Therefore if the investor has need for a small amount of money, then he has to sell the entire property. On the contrary he can enter the bullion market with minimum dollar amount. Therefore, buying Gold and Silver is more liquid.

What is Precious Metals IRA?

The IRA (Individual’s Retirement Plan) is a plan supported by ITM Trading. Under the plan, the individual with acquire a specified amount in Bullion (Gold or Silver). The individual will get the appropriate quantity of Gold and Silver. Once the individual purchases this precious metal, the company will ship it directly to the Goldstar account. Whenever the person is in need of funds, all that he has to do is call ITM Trading who will buy the gold from the individual at the prevailing market rate.

Authenticity:

ITM Trading’s IRA is approved under the US law. The gold issued by the ITM Trading to the individual as ‘proof coin’ are minted in a state of the art mint under the strict supervision of experts. The proof coin undergoes several tests. Images of the coin are also taken and they are securely wrapped in plastic and then placed in a velvet box. In case the individual desires, he can leave the coin with a third party custodian who will hold the coin on behalf the individual.

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