Why You Should Not Get a Gold IRA from Regal Assets: My Review Regal Assets Gold IRA Review
Gold IRA’s are plentiful and offered by several companies in the US. The question is, however, should you actually get a Gold IRA?
Before you decide, consider the following information:
*A gold IRA custodian will charge you a significant amount simply to open an account. Therefore you will actually lose anywhere from 10 to 20% of your initial investment upon opening a Gold or Silver IRA account, the very first day.
*Some gold IRA custodians like Regal Assets will actually try to steer you into investing in crypto currency, which is highly speculative and unproven as an investment vehicle in my opinion, and definitely not a place you should assume is safe for retirement investing at the very least.
*Most American retirees don’t have the large amount of money that would merit investing in a Gold IRA. For instance, if you wanted to invest $100,000.00 in gold, you could simply purchase a total weight of 4 pounds of gold bars, coins, or otherwise (and a bit more in weight for silver). So instead of just throwing away a lot of money in fees, you could simply buy the gold or silver outright and then find a secure, hidden, or secret location where you could store it.
Maybe a Gold IRA is not what you need after all
In my opinion, a Gold or Silver IRA is only feasible for people wanting to invest $1,000,000 or more into gold and have absolutely no way of storing their gold/silver, which I find highly unlikely considering you could bury it under the floorboards of your home or even in the backyard.
Sound ridiculous? Maybe you’d rather pay someone $200,000 just to hold your gold for you in a vault?
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