Other Issues With Owning Gold in an IRA
Alternatives to Physical Gold
People who want to put gold into an IRA have several alternatives. The following paragraphs will outline the reasons why putting physical gold into an IRA is a bad idea, and will explain the benefits of alternative solutions.
There is no liquidity in this option. Unlike gold bullion, which is sold by a few bullion dealers, ETF’s are very liquid. One can sell them second-hand, and thus, the spread between buying and selling prices will be much smaller.
Unlike gold bullion, which is sold by a few bullion dealers, ETF’s are very liquid. One can sell them second-hand, and thus, the spread between buying and selling prices will be much smaller. Moreover, one can have the option of selling ETF’s instantly to share-dealers on the stock exchange. The sell-off option enables one to take profits or to rebalance one’s portfolio.
Summary
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DISCLAIMER
I am not a tax or financial advisor. I am a computer programmer who does his own financial planning. I am merely writing this as an opinion piece without real research. You should do your own research and talk with a tax or financial advisor before investing in anything.