Learn About Gold Eagle IRAs With Gold-Eagle.org

November 9, 2009 – Our nation’s financial troubles over the last three years are culminating now, as our dollar eroded further last week. This brought the gold spot price to $1100 for the first time ever, and many unsatisfied investors have decided to convert their underperforming assets to physical gold.

Investors who invest outside of retirement accounts are encouraged to take physical delivery of their coins or bars, and investors who use retirement account funds may want to open a Gold Eagle IRA. The US government has permitted investors to store physical gold and silver within retirement accounts since 1997. The metals are stored until mandatory withdraws begin, at which point investors may receive cash or the physical metals.

The American Eagle coin is produced by the US Mint in gold, silver, and platinum, and these coins are widely used for retirement account purposes. Gold Eagle coins have a fair markup of 7% over the gold spot price, although that figure may rise because of the US Mint’s recent announcement that they will not produce the one-ounce coin this year.

Silver, platinum, and gold American Eagle coins may be stored at either GoldStar Trust or Sterling Trust until you begin utilizing your retirement account funds. The US Mint also offers the Proof version of the American Eagle which is much more expensive than its bullion counterpart. The Proof bears the same markings as the bullion coin, but the Proof has been repeatedly stamped by the dye. This leaves the coin with an almost three dimensional image, but the enhanced aesthetics do not inspire the higher prices.

Proof Eagles are the only non-confiscatable coins that are permitted within retirement accounts. Pre-1933 rare coins are non-confiscatable, but these are not IRA-acceptable items. Investors buy the Proofs when they want a long-term, private position in the precious metal market. Contact www.Gold-Eagle.org today for your free Gold Eagle Investing Guide. 

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org