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The present retirement account might be transformed into an IRA, which means that you will nonetheless enjoy the tax-deferred status for a normal IRA. In the event you don’t want the problem of owning physical gold or coping with the fast pace and margin requirements of the futures market, then an excellent alternative is to buy an alternate-traded fund (ETF) that tracks the commodity. Nevertheless, the purity requirements for gold must meet.995 nice or larger with a purpose to qualify for inclusion inside a Gold Backed IRA. Bullion, nevertheless, is extra valuable and extra accurately reflects the market’s price. If you’ve never been aware of this idea earlier than, then you may have an interest to know extra about it. Utilizing a self-directed IRA account gives unprecedented flexibility with regards to long run investing. With a gold-backed IRA, traders are in a position to choose the type of gold they hold within the account, corresponding to an individual retirement account, as well as the quantity and purity of the gold, providing them with greater flexibility when it comes to diversifying their retirement planning. Diversifying your portfolio means buying gold-backed certificates, bars, and coins.