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RC Bullion's reputation was built on the principle of always striving to be one of the best precious metals brokers in the industry.
It is for this reason that customer satisfaction will always be the most critical barometer for measuring their success.
At RC Bullion specializes in IRA precious metals rollovers. Headquartered in Beverly Hills, California, this precious metals dealer offers a wide variety of IRA-grade coins, rare coins, bars, and collectibles.
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About RC Bullion
As a trusted national broker, RC Bullion specializes in adding precious metals to the individual retirement accounts of their clients and converting their existing IRA or former 401Ks into precious metals IRAS.
They also provide a wide range of physical investment products to investors, safely and securely delivered right to their doorsteps.
With many years of experience under their belt, RC Bullion's team of qualified experts can identify the types of bullion products that will likely become rare and collectible at some point in the future.
RC Bullion also offers a full spectrum of the available bar and coin products on the market including modern silver, gold, palladium, and platinum products.
RC Bullion is confident they can identify the exact type of precious metal products you require and supply them to you quickly and safely.
Their dedicated IRA department is passionate about providing unmatched customer service which is the hallmark of their business.
Every employee at RC Bullion is highly dedicated and committed to ensuring that each customer is completely satisfied with every aspect of their transaction.
Whether you are looking to purchase silver, gold, palladium, or platinum for direct delivery or wish to convert to a self-directed IRA, RC Bullion can probably help you.
Why Put Gold in Your IRA?
Individual Retirement Accounts (IRA) protect your retirement as well as your family's financial security.
These special accounts allow you to set aside tax protected savings that you can use in the future.
With these long term accounts it's important to allocate a significant portion to assets that are solid and reliable, so you have a secure and worry-free retirement.
You can have cash in an IRA, but that is devaluing at a rapid pace and inflation is out of control.
You need an asset that's dependable, retains it's value, and even increases in value over time, and there is no better asset for this than gold.
With the world's economy struggling through lockdowns, shortages, wars, and inflation, uncertainty has never been higher and investors are protecting themselves by placing physical gold in IRA's.
A gold IRA investment prospers from these crisis that negatively affect most other assets.
Risk is knowing the economic dangers and doing nothing to protect yourself and your family.
Safety is knowing the economic dangers and taking action to protect your financial future, and this easy to do with a gold IRA.
What is a Gold IRA?
Also known as a precious metals IRA, a gold IRA is an individual retirement account with physical gold or other types of approved precious metals held in custody for the benefit of the owner.
It functions just like a regular IRA but holds physical bullion bars or coins instead of paper assets. These accounts are self-directed IRAs where more diverse investments are allowed to be held in an account.
By law, there are only four precious metals that are IRS approved to be held in an individual retirement account provided they are in the form of IRS-approved bars or coins. These are gold, silver, palladium, and platinum.
Because the most commonly purchased product of the four is gold, the overarching term for a gold IRA is often used as slang in the industry to denote a retirement account that contains any combination of the four precious metals mentioned above.
Investors most often use precious metals to diversify their portfolios and as a long-term hedge against possible inflation. The Internal Revenue Code requires that IRS-approved precious metals be stored in a specific manner.
Some trustees have their facilities to hold physical gold and other precious metals, however, many investors prefer to make use of the 3rd party precious metals depositories as storage facilities utilized by most trustees.
What is a Gold IRA Rollover?
A gold IRA rollover is a simple method of transferring (rolling over) a 401K account from a former employer to an IRA precious metals account. When using this option there are several issues to be aware of:
- You will not be able to roll over your 401K funds into silver or gold-backed IRA if you are still working for the same employer who sponsors your 401K IRA account.
In some instances, there may be exceptions so you should check your options with the plan sponsor.
- As an alternative, you may have the option of keeping your existing 401K account and investing in a separate, self-directed IRA account backed by physical silver or gold.
- 401K plans from previous employers can be rolled over into a new 401k account with a current employer
- or into a self-directed silver or gold IRA account
- or cashed out
- cashing out should be carefully considered as it may involve penalties and extra tax liabilities.
In the vast majority of cases, investors simply prefer to roll over their former 401k plans into a new gold or silver IRA. The process is simple and can be accomplished in a relatively short time.
How to Open a Gold IRA Account
When you contact one of the friendly support staff members at the official RC Bullion website you will be assigned a precious metal specialist who is qualified to discuss your specific needs and goals with you.
Your assigned specialist is trained to make things easier for you by handling all the paperwork required to transfer your current 401k funds. This transaction is non-taxable.
The physical gold or silver you choose to purchase will be stored for you in a fully-insured depository that you will have full control over.
Why it is Important to Choose the Right Precious Metals Vendor
Choosing the right firm to handle your gold rollover is extremely important as it could determine your success or failure as a gold owner.
Choosing the right vendor to handle your gold rollover will help you stay on course to protect your valuable assets from potential future economic uncertainties in the market.
Choosing the wrong vendor could mean your funds being diverted into an assortment of bullion or derivative related instruments that are not true vehicles for asset preservation.
Take gold stocks as an example. These invest in stocks first and in gold bullion second. Proof coins and mint state coins are graded by independent service providers and usually sell at a much higher markup than the actual gold value.
The buyer will immediately be put at a disadvantage. Precious metal certificates and exchange-traded funds can introduce counter-party and systemic risk to any investment equation.
These three examples are just some of the types of investments that can harm leading an investor away from investing in stable bullion and coins.
In general, these investments should be avoided by investors who wish to build a hedge against economic uncertainties or who are looking for a long-term storage of value.
What Amount of an Investment Portfolio Should be Allocated to Gold?
In general, investment advisors recommend that anywhere between 5% to 20% of an overall investment portfolio should be held in gold and precious metals.
When it comes to the question of whether gold should be included in an institutional portfolio, as true as it is for retail investors, it is even more true for institutional investors.
Hedge fund managers and billionaires alike understand this phenomenon which is why they are generally bullish on gold.
Famous investors like Jim Rogers and John Paulson are known for investing heavily in gold while investors of all levels are attracted to gold due to its solid, long-term, and tangible store of value that has been historically proven to move independently of other assets.
Gold assets, unlike paper investments, are most negatively correlated to stocks which means that when stocks go down usually gold tends to go up. Investors also buy gold to serve as a hedge against hyperinflation.
Studies show that any investment portfolio diversified with silver and gold has the effect of significantly lowering risk exposure.
Studies by the World Gold Council show that gold held in investment portfolios serves to protect global purchasing power, minimize losses due to periods of market turmoil, and reduce portfolio volatility.
What are the Benefits of Investing in Gold and Silver?
Unlike other types of investments, gold and silver are considered to be inflation-proof. Whether the currency value of nation increases or decreases, the value of silver and gold is not affected by the uncertainty.
According to historical analyses, precious metals are renowned to perform well even during periods of devastating economic depression.
Unlike most other physical assets that tend to depreciate over time, the value of silver and gold either retains the same value or appreciates with time. It has also been found to fare far better during world crises than most other forms of investment.
Wherever it is in the world, precious metals like silver and gold retain their intrinsic value. Known and valued all over the world, a silver ring or a gold trinket maintains the same value in Australia as it does in the USA due to its universality.
Another reason why an investment in gold is so beneficial is its high liquidity compared to other investments. Because they are so highly valued it is much easier to convert to cash wherever you are in the world.
Investing in this modern day and age means you need the expertise of a financial consultant or an institution to invest. This means that to access your investment you will need to go through a third party.
This has become a scary proposition as many external financial consultants have been caught trying to scam investors and do them out of their hard-earned wealth.
To a large extent, you can avoid this kind of fraud by investing in silver and gold. With precious metals, your investments remain private.
If you are contemplating leaving behind diverse assets for your future generations, then gold and silver are worth considering. Because the value of silver and gold will appreciate over time your grand and great-grandchildren will thank you for it.
Conclusion
As a precious metals broker RC Bullion's headquarters are situated in Los Angeles where they specialize in helping clients invest in precious metals IRAs.
Even though their catalog is smaller than most dealers in the area, many of the gold, silver platinum, and palladium coins available are eligible for holding in an IRA.
They have chosen Strata Trust as their preferred custodian, however, they do not have a preferred depository and there is no information on the website about pricing or who runs the company.
RC Bullion is not a scam, but we do not recommend them, there are too many red flags. They cater towards investors looking for precious metals IRAs.
When you are dealing with your retirement savings you only want to work with the best precious metals companies in the industry.
There are much better options, like the ones we have written about extensively on this website.
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>> CLICK HERE to read our list of the top gold investing companies. <<
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I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
