10 Gold IRA Dealer Lies by Augusta Precious Metals

Buyer Beware of the Unscrupulous Gold IRA Dealers

Have you made a recent gold or silver purchase and we're unsatisfied after the transaction? Maybe they got you to buy something you were not calling about, or maybe they were able to sell you gold coins but weren't willing to buy them back.

There is a distinct difference between an online gold dealer and a gold IRA dealer. Working with the best companies for your self-directed IRA take some time to research and find the company that has your best interest as priority number one. 

The best gold IRA dealers educate and inform before they sell. They work with you in choosing the right metals and only make the purchase you're comfortable with when you are ready to buy.

At The Plug, our website is built around helping people see and understand there are alternative investing outside the traditional stock market. We don't suggest or imply you buy any particular item or work with any particular company. We do provide you with options and information. These can lead to a good decision on your part.

Overview: 10 Gold IRA Dealer Lies

Dealer Lie #1 @ 1:17: Storytelling

Dealer Lie #2 @ 3:25: Cancelation Opportunity 

Dealer Lie #3 @ 4:15: Inventory

Dealer Lie #4 @ 4:36: Let Met Check "The Vault"

Dealer Lie #5 @ 5:00: Universal Guaranteed Price over Spot

Dealer Lie #6 @ 5:35: Piggybacking on a Big Trade

Dealer Lie #7 @ 6:08: Price Protection Program

Dealer Lie #8 @ 6:51: Bait and Switch

Dealer Lie #9 @ 7:45: Must Buy Now

Dealer Lie #10 @ 8:22: Low Spread on the "Ask"

Do some of these "Lies" sound familiar? Finding and working with the best Gold Dealers takes some time. This is your retirement savings and you want to make the best decision for YOU!

If you get some of these great offers, ask for them in writing and signed off by the CEO of the company. If they are the best offer today, ask yourself WHY? Can't you buy a similar IRA Approved Bullion tomorrow?

Be informed, by checking out this video you are taking the necessary steps to be an informed precious metals buyer.

What is a Gold or Silver IRA?

A Gold or Silver IRA, also known as a Precious Metals IRA, is a self-directed individual retirement account that allows you to invest in physical gold or silver bullion or certain approved precious metal coins. It provides an alternative to traditional retirement accounts that typically hold stocks, bonds, or mutual funds.

Here are the key points to understand about a Gold or Silver IRA:

1. Self-Directed IRA: A Gold or Silver IRA is a self-directed IRA, which means you have more control over your investments compared to a traditional IRA. You can choose which types of gold or silver assets you want to include in your portfolio.
2. Physical Precious Metals: Unlike other IRAs that hold paper assets, a Gold or Silver IRA holds physical precious metals in the form of bullion bars or government-approved coins. These metals are stored in secure depositories on your behalf.
3. IRS Regulations: The Internal Revenue Service (IRS) has established specific regulations regarding the types of gold and silver assets that are eligible for inclusion in an IRA. Generally, only certain bullion bars and coins with a minimum purity level are permitted.
4. Custodian Services: To set up and maintain a Gold or Silver IRA, you need to work with an IRA custodian or trustee who specializes in handling self-directed precious metals IRAs. The custodian will assist you with the account setup, storage of the assets, and compliance with IRS regulations.

How to fund a Gold or Silver IRA through a rollover:

1. Eligible Retirement Accounts: First, you need to determine if you have an eligible retirement account that can be rolled over into a Gold or Silver IRA. Common accounts include 401(k)s, traditional IRAs, SEP-IRAs, and some governmental 457(b) plans.
2. Rollover Process: Contact the custodian of the Gold or Silver IRA you wish to open and inform them about your desire to initiate a rollover. They will guide you through the necessary paperwork and provide instructions for transferring the funds from your existing retirement account to the new IRA.
3. Direct Rollover: It is crucial to execute a direct rollover, also known as a trustee-to-trustee transfer, to avoid incurring taxes and penalties. In this process, the funds from your existing retirement account are directly transferred to the custodian of the Gold or Silver IRA without passing through your hands.
4. Precious Metals Purchase: Once the rollover is complete and the funds are in your Gold or Silver IRA, you can work with your custodian to purchase the desired gold or silver assets for your portfolio. The custodian will facilitate the purchase and arrange for secure storage.

It's important to consult with a financial advisor or tax professional who specializes in retirement accounts to ensure you understand the specific rules and implications of funding a Gold or Silver IRA via a rollover. They can provide personalized guidance based on your circumstances.

Top Gold IRA Dealer Recommended by The Plug

The Plug provides a page where we give readers our Top 5 Best Gold IRA Companies. You can check out that blog and see who the top five are. But we've narrowed the list to our Top Dealer to save time. 

Augusta Precious Metals provides some detailed metals information and is an excellent choice for those affluent individuals with $50,000 or more available to roll over to a self-directed IRA. 

However, many need more time to place that much of their retirement funds into precious metals. Therefore, we've chosen another Gold Dealer with excellent relationships and customer experience. The Goldco Precious Metals Specialist will educate you and walk you through the process of buying gold and silver through an SDIRA, or if you choose to purchase with savings, they can assist you in acquiring your gold or silver and delivering your bullion to your home. 

We want you to know that our opinion is owning precious metals is an excellent option to diversify retirement assets and provide a source of physical metals that can be appreciated over time.

Bullion can appreciate over time, but with any purchase, you could also lose money depending on when you sell. Understanding the precious metals market can influence your returns over time. Know the difference between the "spot" price and "retail" price of your metals by reading our article "What Determines Gold and Silver Coin Premiums". 

The past performance of metals does not indicate a similar future expected gain. Buying precious metals is a long-term hold, typically recommended by Gold IRA dealers at 10 years, with some suggesting a 5-year hold at minimum.