Gold IRA Investing - The Most Tax-Efficient Way to Own Gold by Evan Hutcheson, CPA, LLC ( Watch the video to learn about the advantages of investing in gold in your IRA account. In the video above, I talk about one of the most tax-efficient ways to invest in gold, which is to do so through an IRA. Gold has attracted investors for a very long time, due to its beauty and scarceness. 32% of gold demand worldwide is for gold bars and coins, otherwise known as gold bullion (around half of the demand is by the jewelry industry. Gold can be a good investment. Someone who had invested in gold bullion in 2004 would have seen a pretax annualized return of over 12% over the ensuing 10 years. That being said, the return is not without its risks. There has been a dramatic drop on the price of gold in the past several years. In 2012, investments in gold would have returned a annualized pretax loss of more than 14%, a pretty big hit to the investor. Physical gold investments are classified as collectibles, for tax purposes. In the case of long term gains, held for more than a year, normal capital assets are assessed at the preferential rate for the long term capital gain--15%. But because gold is a collectible, it is taxed at the maximum collectible rate of 28%. Fortunately, you can invest in gold in a tax-efficient way by putting it into an IRA. Actually, this is not only true of gold but also of other precious metals like silver of platinum. This is actually pretty new. Back when FDR was president, it became illegal to own more than a small amount of gold in order to prevent gold hoarding which was thought to be impeding economic growth. This restriction wasn't lifted until 1975. Since that time, it's become possible to invest in gold in a lot of different ways, but IRAs didn't come into the picture as the most tax-efficient way to invest in gold until 2007, when the IRS ruled that gold EFTs were not collectibles for IRA investment purposes. Because of that ruling, gold is now treated the same as any IRA investment. That means that gains from gold sold within an IRA are not taxed until the cash is distributed to the tax payer and at the tax payer's marginal rate. This is a big change and a great benefit that a lot of investors are taking advantage of now. So, if you are interested in investing in gold, maybe you should look at using your IRA to do so or opening an IRA with gold being one of the investments. If you have any questions about how to invest in gold in your IRA or any other financial matters, you can contact Evan Hutcheson, CPA, LLC by phone at 615-727-2295. Please share this video about Gold IRA Investing: Subscribe to my Channel: Follow Me: You might like this video too: More Info on Gold IRAs: Gold IRA Investing Investing in Gold How to Invest in Gold Individual retirement account Accounting Firms Nashville, TN Evan Hutcheson, CPA, LLC...(read more)
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