Gold is a highly sought-after precious metal that provides a variety of advantages, including inflation protection and historical hedging against stock market volatility.
It has also provided long-term solid returns, which is why many Americans prefer to purchase gold with their 401(k) or other retirement plans. Citizens Gold Trust can assist everyone in making educated choices about including gold in their retirement plans.
Advisory! Prior to diving into this review, we’d like to stress that at Investors Circle, our mission is to protect your wealth. We know that our research reports may alter your investment decisions, so we want to be 100% sure you are investing your hard earned money with the right company!
With this in mind, we urge you to check out our list of the top five companies in this space (we found 1 that fits 99% of investors needs)
See if Citizens Gold Trust made our list this year, or continue with this review below to see if they are possibly the right company for your investment needs.
Citizens Gold Trust appears to be an advertorial landing page for Gold Alliance. If you’re considering investing in precious metals, Gold Alliance’s Citizens Gold Trust team is here to help guide you through the process.
At Citizens Gold Trust, the staff understands the importance of protecting your retirement savings and assets. That’s why the firm offers a range of precious metal products for qualified accounts, including silver, gold, palladium, and platinum in coins, bars, and bullion.
Its team of experts can guide you through the process of setting up a self-directed IRA and helping you make informed decisions about your investment portfolio. With its low maintenance fees and comprehensive storage options, you can trust Citizens Gold Trust to handle all the details while you focus on growing your wealth.
What Is a Gold IRA?
A Citizens gold IRA is an individual retirement account in which actual gold is held in trust for the account owner’s benefit. It is similar to a typical IRA since it enables people to save for retirement tax-free, but the assets that need securing in the account vary.
While standard IRAs usually contain paper assets such as equities, bonds, and mutual funds, a gold IRA enables investors to keep actual gold, silver, platinum, and palladium. A custodian holds these precious metals in a safe storage location on behalf of the account owner.
Gold IRAs may diversify a retirement portfolio and can give some protection against economic downturns and inflation. However, you should note that investing in a Citizens gold IRA also has risks. People should carefully examine their financial goals and risks before participating in this investment.
Investing in a Citizens Gold IRA
Citizens Gold Trust is a leading precious metals dealer that offers a range of IRS-approved precious metals for inclusion in gold IRAs. These metals include gold, platinum, silver, and palladium in the shape of coins, bullion, and bars.
The firm helps clients set up their gold IRA by charging an account fee and facilitating the rollover of funds from existing savings or 401(k) accounts. When individuals fund their IRA, they can purchase precious metals securely stored by Citizens Gold Trust at the Delaware Depository.
Citizens Gold Trust IRA-eligible Gold
Here’s a short list of which gold coins this company offers to its clients:
- American Buffalo
- Gold American Eagle
- Gold Austrian Philharmonic
- Gold Australian Striped Marlin
- Canadian Gold Maple Leaf
- Gold Canadian White Falcon
- Australian Spotted Eagle Ray Gold
How to Open a Precious Metals IRA
Learn how to secure your financial future and protect against market volatility by opening a precious metals IRA with Citizens Gold Trust. Its team can guide you through the process and help you choose the best metals for your portfolio. Follow these three steps to open a Gold IRA:
- Open a Self-directed IRA
To start a precious metals IRA with Citizens Gold Trust, you must first complete the proper paperwork to establish a self-directed IRA account that you’ll own and manage. This process usually only takes a few days, following which you may fill your new account by moving assets from your old IRA, 401(k), or other eligible retirement plans.
After you’ve filled out your account, you’ll be able to buy actual gold and silver to add to your precious metals IRA and enjoy the security it offers for your retirement funds. Its staff is here to help you every step of the way and make the process as quick and straightforward as possible.
- Fund Your Account
To create a precious metals retirement protection plan with the company, you must transfer assets from your existing qualifying retirement accounts, such as a 401(k), to the custodian account of your self-directed IRA.
Remember that diversifying your portfolio entails investing a percentage of your money, not all of it, in gold and silver. You will have ultimate control over your account and money, not Citizens Gold Trust.
- Select IRA-approved Gold
You must complete certain documentation and choose a qualifying IRA custodian before opening a self-directed IRA with Citizens Gold Trust. Its experts can help you with this process and offer reputable custodians such as Preferred Trust, Equity Trust, and Goldstar Trust.
After you’ve created your account, you may fund it by moving cash from an existing retirement account, such as an IRA or 401(k) (k). Then, after filling out your account, you can buy actual gold and silver to secure your retirement assets. With a Precious Metals IRA, you can easily take charge of your financial future thanks to this simplified method.
What Are the Benefits of Having a Gold Ira?
A Gold IRA has the following advantages:
- Diversity: Adding actual gold to a retirement portfolio may offer the diversification, thus lowering the portfolio’s total risk.
- Potential economic downturn protection: Gold is a traditional safe haven asset that can perform well during economic downturns or market instability.
- Potential inflation protection: People historically used this precious metal to hedge against inflation because of its ability to retain buying value over time.
- Tax advantages: A gold IRA provides the same tax advantages as a standard IRA, including tax-deferred growth and possibly tax-free withdrawals at retirement age.
It is essential to highlight that these potential advantages are not without risk. Investors should carefully examine their financial objectives and risk tolerance before investing in a precious metals IRA.
Opening a Citizens gold IRA is a smart way to diversify your retirement portfolio and protect your wealth. By choosing a reputable company such as Citizens Gold Trust and following the simple process of transferring funds, completing paperwork, and choosing your precious metals, you can easily and confidently invest in gold and other precious metals to secure your financial future.