The Gold IRA.
Gold in your IRA offers inflation protection, a market hedge and growth.
During today’s turbulent world events and market uncertainties
investors are wondering how best to protect their hard-earned retirement
assets. Many have found the answer by placing gold in their IRAs. Gold
not only protects their assets from inflationary pressures and currency
debasement but offers outstanding appreciation over time as well.
Gold. Part of a well-diversified portfolio.
The price of gold tends to move inversely to the direction of U.S.
stocks, bonds, mutual funds and other investment classes. This means
that during times of high inflation and a weakening U.S. dollar, the
value of gold has tended to rise just as investments such as stocks,
bonds and mutual funds head lower.
This makes gold an excellent diversifier and a near-perfect way to
hedge your other IRA or 401k assets during market swings. Indeed, during
volatile markets, the best asset to be holding is gold.
A Gold IRA can be set up easily and quickly.
The Gold IRA is a self-directed individual retirement account that
allows you to own physical gold or other precious metals inside a
tax-deferred account.
An investor may open a new account or choose to transfer the entire
contents of an existing IRA or just part of it into a self-directed Gold
IRA. This is what’s known as a Direct Rollover.
Many investors have other forms of retirement accounts such as a
401k, 403b, 457b, thrift savings plan annuity or pension plan. Any of
these plans can be converted to a Gold IRA the same way: through a
rollover.
This process is a 100% tax-free transaction and your Blanchard and
Company Account Executive will be happy to help you with the process.
Blanchard and Company, Inc. recommends you have at least 15-20% of your total assets in gold.
Owning gold inside your IRA.
In 1997 Congress passed the Taxpayer Relief Act, for the first
time making it legal for you to own gold as part of your retirement
assets. At Blanchard we make the process easy to do. Talk to a Blanchard
and Company Account Executive today to discuss placing gold and
precious metals in your IRA.
Open your Gold IRA Account
today in
3 easy steps online!
Or call your Blanchard
Account Executive today at
1-866-304-9940 to get started!
Gold in your IRA guards against global market events.
Today, investors attempting to grow their retirement accounts face
ever-increasing headwinds. From global unrest and currency
manipulations to ballooning deficits and inflation. These world events
place ordinary stock and bond portfolios increasingly at risk, creating
larger volatility swings and greater fear and uncertainty.
Gold can act as a stabilizing force when held in a retirement
portfolio. Gold retains its value during turbulent global and market
times when all other assets do not. Gold helps “balance out” the
de-stabilizing effect world events can have on an investor’s retirement
portfolio.
The tax advantages of a Gold IRA.
As an IRA holder you are probably already familiar with the tax
advantages of retirement plans. Gold, too, has a powerful role to play
as a tax-advantaged investment when held inside an IRA.
In general, the gold in your IRA is held tax-deferred. However, we
suggest you consult with your financial advisor regarding your own
personal tax situation.
How the current Fed policy affects your IRA.
In an attempt to stimulate the economy and keep inflation low,
Chairman Ben Bernanke and the Federal Reserve have embarked upon a
series of programs called Quantitative Easing. This program consists of
purchasing U.S. Treasuries while at the same time printing more U.S.
dollars.
“The U.S. government has a technology, called a printing
press…that allows it to produce as many U.S. dollars as it wishes at no
cost.” – Fed Chairman, Ben Bernanke
The goal of this program is to keep interest rates and inflation
low in an attempt to kickstart the economy. However, since gold
maintains an inverse relationship with the dollar, the more the Fed
“eases” or prints dollars the more the price of gold rises.
If you feel that the Fed will continue these policies in the near
future, retaining a certain amount of gold in your retirement portfolio
would be the perfect action to take.
Why you need gold: The purchasing power of your
dollar – and your nest egg – is dwindling over time!“We will do whatever it takes…” – Mario Draghi
Today, nations around the globe are following the American example
of money printing. These international currency devaluations will
merely succeed in putting further downward pressure on all global
currencies and give an upward lift to gold. In fact should a “currency
war” or a race between countries to devalue their currencies faster heat
up, gold may indeed be the only place to hide.
Central banks are buying gold. Shouldn’t you?
Financial planners and mainstream media are fond of downplaying,
even criticizing, gold and investors’ interest in gold. Meanwhile,
central banks around the world have been quietly buying all the gold
they can. Indeed, they are cleverly using the negative international
press to accumulate gold holdings at even lower prices.
During 2010-2012 China added record amounts of gold to its
reserves. Just recently Germany requested delivery of $36 billion worth
of its gold from the U.S. However, Russia has emerged as the world’s top
gold buyer, adding 570 metric tons.
“No asset is safe now. The only choice to hedge risks is to hold hard currency—gold.” – Head of the People’s Bank of China
These are the smart buyers — countries and central banks that are
adding gold to their reserves for wealth preservation, protection of
assets and price appreciation.
Your stockbroker will never recommend a Gold IRA.
You may have heard your financial advisor or stockbroker advising
you that owning gold is not a good idea. The truth is, it’s not a good
idea for him — he doesn’t get a fee. Though he may recommend GLD, a gold
ETF, the truth is that the amount of gold backing this ETF has lately
been brought into question.
Will you have enough to retire?
A recent study cited in the Wall Street Journal noted that 57% of
Americans have less than $25,000 in retirement savings and investments.
It also found that 28% had no confidence they would be able to retire
comfortably.
Most financial analysts predict you’ll need 70-80% of your current
income when you retire. It makes sense then to take every step you can
to spur your retirement assets towards growth and to protect them. Gold
can play an important role in your savings towards retirement as an
asset that appreciates but also one that protects your entire portfolio.
Blanchard and Company recommends you have at least
15-20% of your total assets in gold for both wealth protection and asset
appreciation.
Since 2001 the price of gold has
increased 524% vs. the S&P.Regular gold purchases over time can make a big difference.
Scheduling purchases of gold on a regular basis can benefit
investors in a number of ways. It enables them to avoid the task of
trying to “time the market” — attempting to buy high and sell low, which
almost never works.
In addition, by scheduling automatic gold purchases, it frees investors from watching and worrying about gold’s price each day.
This investment strategy also allows the investor to build a
larger holding of gold in an IRA than he or she might otherwise be able
to do.
Talk to your Blanchard Account Executive about the effectiveness
of regular gold purchases in building your IRA gold holdings.
Setting up your Gold IRA.
Step 1. Establish a new “self-directed” IRA.
To invest in gold inside your IRA you’ll need a self-directed IRA. A
self-directed IRA is one in which you make all the investment
decisions. You are the one who chooses where your IRA funds will be
invested, instead of someone else. The new account can be a traditional
IRA, a Roth IRA or one of several other types.
If you have an existing IRA, you can keep it where it is, roll it
over or transfer it. However, consult with your IRA custodian to see if
you can add gold to your IRA. If not, you’ll have to open a new IRA with
a custodian who is authorized to hold gold for you.
GoldStar: Blanchard and Company’s trusted partner.
To hold gold in an IRA you must establish a self-directed IRA with
GoldStar Trust Company. GoldStar is Blanchard’s trusted partner and an
authorized custodian who can help you set up your new IRA and manage the
resources inside it. Creating a new GoldStar Trust IRA can be done in a
few simple steps.
To get started with your IRA Account Application now, you will find the forms you need here.
Open your Gold IRA Account
today in
3 easy steps online!
Or call your Blanchard
Account Executive today at
1-866-304-9940 to get started!
Tip: When completing and signing the application, don’t
forget to add Blanchard and Company, Inc. as your dealer on the form. If
known, please include your Blanchard Account Executive’s name.
Step 2. Fund your IRA.
You fund your IRA primarily with cash, but it can also be funded
through contributions, transfers or rollovers from Qualified Retirement
plans (401k, 403b, pension and/or 457 plans). $5,000 is the minimum
needed to establish your IRA and purchase metals through GoldStar.
If you are transferring existing IRA or rollover funds, you’ll find the additional documents you need here.
Step 3. Choosing gold from Blanchard and Company.
Your Blanchard and Company Account Executive will be happy to
discuss, first, what percentage of your IRA investment portfolio should
be invested in gold. Then they will help you choose which precious
metals would be best for your gold and precious metals portfolio.
Once you have made your final investment choices, complete the Investment Direction form here.
GoldStar Trust Company is a trusted partner of Blanchard and
Company. Once your self-directed IRA is established and you and your
Blanchard Account Executive have decided upon your gold and precious
metal investments, GoldStar will purchase these from Blanchard and
Company. GoldStar will then deposit and store your metals with Delaware
Depository Service Company (DDSC).
For more details and forms, download GoldStar’s Investment Guide and Fee Schedule, below:
Viewing these forms requires Acrobat Reader. To get your copy of Acrobat, go here.
Fee Schedule
GoldStar Trust’s custodial IRA financial
disclosure and fee schedule
Fax or mail the appropriate IRA forms. All forms and IRA contributions should be sent directly to GoldStar Trust Company.
Fax:
(806) 655-2530
To send by mail:
GoldStar Trust Company
P.O. Box 719
Canyon, Texas 79015-0719
For overnight deliveries:
GoldStar Trust Company
1401 4th Avenue
Canyon, Texas 79015-3721
(800) 486-6888
Gold Retirement Account Q&As:
Who is the GoldStar Trust Company?
To help investors set up an IRA that will accept precious metals,
Blanchard partners with GoldStar Trust Company. Based in Amarillo,
Texas, GoldStar Trust Company is an IRS-approved gold and silver IRA
rollover custodian. GoldStar Trust Company manages more than 10,000
accounts and has more than $400 million under management and is
regulated by the Texas Banking Commission.
Blanchard has found that GoldStar offers our customers the highest level of customer service, integrity and affordability.
Where will my gold be held?
Your gold and metals will be stored at DDSC, Delaware Depository
Service Company precious metals depository, one of the world’s largest
precious metals depositories.
Why can’t I hold the metals myself?
IRS regulations require that the metals be held by an approved depository.
Can I put gold that I already own in my IRA?
No, IRS regulations prohibit doing that. Only new gold purchases may go into your Gold IRA.
How quickly can I expect my IRA to be rolled over into gold?
The amount of time it takes to complete the process can vary. Rest
assured that your Blanchard and Company, Inc. representative will be
working with your IRA custodian to expedite your transfer or rollover.
How much does a typical IRA investor invest in precious metals?
Investments of $10,000 to $20,000 are fairly common, with the amount
invested in precious metals sometimes reaching $100,000 or more. Keep
in mind that though the yearly maximum contribution is $5,000/$6,000 for
age 50 or older, many investors have accrued a substantial amount in
their accounts over time.
Why should I choose GoldStar Trust Company as my IRA custodian?
The choice of your IRA custodian is an important one. When
considering adding precious metals to your IRA, selecting a company with
solid precious metals experience is key. GoldStar Trust Company is a
leading custodian for precious metals IRAs in the United States. Their
experience and expertise in this area make it easy for you to work with
them to open your precious metals IRA.
What happens to my gold or other precious metals?
Once you choose a precious metals IRA, your gold or other precious
metals will be securely stored at an already designated specialized
precious metals depository. While your precious metals will be safely
stored, this facility will allow for easy access to your metals should
you choose to have them physically delivered.
Please note, though, if you actually take possession of your
precious metals, you’ll likely face penalties and taxes because they
count as a distribution.
How safe are my precious metals?
Precious metals IRA assets are deposited with Delaware Depository
Service Company (DDSC), an exchange-approved precious metals custody and
distribution center licensed by Nymex, Comex & CBOT. That means you
can feel confident that they are safe and secure. In the highly
unlikely event that anything should happen to DDSC or GoldStar, your
gold or other precious metals are yours and will always be yours, unless
you elect to sell these assets or a personal lien is placed against
you.
Gold American Eagle
What type of gold can I place in my Self-Directed IRA?
Your Blanchard Account Executive will be happy to discuss this with
you. As a general rule select gold coins and bars are eligible for an
IRA.
Gold coins, to be eligible as IRA investments, must be at least .995
fine (99.5% pure) and be legal tender coins. American Gold Eagle and
American Buffalo bullion are the only gold coins specifically approved
for precious metals IRAs. Canadian Gold Maple Leaf coins, Australian
Kangaroo Nuggets and Austrian Philharmonics are acceptable precious
metals IRA investments.
Conversely, many gold coins, such as Krugerrands (91.67% pure) and
Double
Eagle gold coins (90% pure), are not legal investments for precious
metals
IRAs. Numismatics and rare coins are not eligible for an IRA. Gold Bars
.995+
Fine that are accredited by Comex, Nymex, LME, LBMA, Liffe, NYSE, CBOT
or ISO 9000 are also eligible.
For more answers to your Gold IRA questions please visit us here.
A careful selection of gold and precious metals should be a part of every investor’s IRA.
In 1997, Congress ruled that investors could, for the first time,
hold precious metals in their IRA. Specifically the metals gold, silver,
platinum and palladium were allowed so long as they met certain purity
requirements. Gold must be .9950 pure, silver must be .9990 pure, and
both platinum and palladium must be .9995 pure to qualify.
As individual investments, gold, silver, platinum and palladium each
possess their own appreciation potential and benefits. While the price
of each trades on its own, they all usually trade inversely to paper
assets and offer the investor the benefits of safety and security during
times of financial turmoil and global upheaval.
For
more information on allowable IRA metals, call a Blanchard Account
Executive today at 1-866-304-9940, or see GoldStar’s full list of IRA
allowable metals here.
Diversify your retirement account even further with other precious metals.
Gold American Eagle coins
Gold. The bedrock of your diversified precious metals portfolio.
Perhaps no precious metal represents safety and portfolio security
more than gold. Those investors wise enough to know investment history
understand that gold has been preserving wealth for centuries.
This has never been truer than today. As the Federal Reserve
proceeds to print more and more dollars, gold will continue to protect
portfolios against currency devaluation. As the Fed begins to raise
interest rates gold will protect retirement assets from inflation.
All investors should consider gold the solid core of a
well-diversified metals portfolio to safeguard their hard-earned
retirement assets.
Platinum American Eagle coins
Platinum. The world’s rarest precious metal.
Platinum is 15 times scarcer than gold and extremely expensive to
produce. All the platinum ever mined would fit in a cube less than 25
feet on each side.
It is also one of the most essential industrial commodities in the
world. Because of its remarkable properties, the world is constantly
finding new uses for it — jewelry, fertilizers, fiber-optic cable,
anti-cancer drugs, pacemakers, eyeglasses, gasoline and, most
importantly, the automobile.
During the 1970s, concerns over pollution and subsequent American
environmental legislation sparked rapid innovation in automotive
emissions-reduction technology. And due to its unique physical
characteristics, platinum soon became an integral part of the automobile
catalytic converter.
The most volatile of all precious metals, platinum is in demand when
economies are booming. Platinum is strong when the price of gold is
weak so it offers diversification and a good hedge within the precious
metals group.
Silver American Eagle coins
Silver. The most fascinating metal of all.
Man’s fascination with silver dates back over 6,000 years. Silver
has been used as money for over 2,000 years and has endured centuries of
economic and political crisis, always emerging as a universally
accepted currency and store of value.
The demand for silver is industrial but large and comes primarily
from jewelry, silverware and photography. These industries represent 95
percent of annual silver consumption.
Silver’s unique properties make it a highly desirable industrial
component as well. Silver’s artistic beauty and status make it one of
the most romantic and sought-after precious metals.
Silver, too, moves differently from all other asset classes and
offers additional diversification and protection from volatile markets.
Palladium. The hardest-working metal.
Palladium, like Platinum, is essential to emissions control in
catalytic converters. In fact they are often interchanged when one price
becomes too high vs. the other. But as long as the world population of
cars keeps growing, so will the demand for Palladium.
Palladium — like all other precious metals — is very rare on earth.
But even rarer are economically feasible deposits of palladium.
One of the main reasons that the price of palladium jumped so much
at the end of the 1990s was simply the metal’s scarcity. And after a
decline following the 2008 global financial meltdown, world palladium
demand has increased 40% in just two years.
Palladium, like the others, can help provide diversity to your precious metal portfolio.
For
more information on allowable IRA metals, call a Blanchard Account
Executive today at 1-866-304-9940, or see GoldStar’s full list of IRA
allowable metals here.
