APMEX Precious Metals IRA Review
APMEX is the world’s largest online reseller of precious metals, providing the highest quality products from mints around the world. Their Oklahoma-based business offers a diverse selection, ranging from gold and silver to platinum and palladium, as well as a variety of numismatic items. Not only does APMEX offer a trusted source for various precious metals, but they also provide diverse avenues for investing in them.
They offer a Precious Metals IRA, a self-directed retirement account that allows investors to diversify their retirement portfolio with physical gold, silver, platinum, and palladium. With their Precious Metals IRA, APMEX aims to provide customers with an easy, secure, and cost-effective way to diversify their retirement portfolio.
Types of Precious Metals Eligible for Investment in Apmex
APMEX offers a variety of products and services to meet the needs of any investor. From personal storage of gold, silver, palladium, platinum, and rare coins, to investing in gold IRAs, APMEX has everything you need to make informed decisions about your investments. Additionally, APMEX offers a secure and reliable way to buy and sell precious metals, ensuring you receive fair market value for any transaction you make.
They also offer other bullion products, such as bars and rounds. All products are backed by APMEX’s commitment to quality and customer service. APMEX also sells the following items:
- The Austrian Gold Bar
Austrian gold bars are a popular choice among gold investors due to their distinct features. One of the most distinguishable features of Austrian gold bars is their weight, which can reach up to 250 grams, or 8.04 ounces. This makes Austrian gold bars a great choice for those looking to have a tangible level of gold in their possession. In addition, all gold bars sold by Austrian providers contain an imprinted national seal, which adds to the bar’s authenticity and ensures that it was produced in Austria.
- The American Eagle
The American Eagle, created by the United States Mint, is a popular gold and silver bullion coin that has become a staple of many precious metal investments. The coin’s front face features a striking design of Lady Liberty, while the back face depicts a bald eagle, both representing the spirit of America. In addition to these designs, the American Eagle also contains special inscriptions that highlight the coin’s origin and intrinsic value.
- The Gold Panda
This gold coin is particularly attractive to investors due to its beautiful design and its high level of purity. Produced by the Chinese Mint, the Gold Panda is composed of .999 pure gold, making it a 98.9% pure gold bullion coin. This coin features the Temple of Heaven on its obverse side with a different panda design on the reverse side each year, making it a popular collectible with numismatists. Each Gold Panda coin is also assigned a unique serial number by the Mint, which can be tracked and accessed through the Gold Panda’s official website.
- The Gold Buffalo
The Gold Buffalo is an investment grade, 1 oz gold bullion coin produced by the United States Mint and available for purchase through Apmex. It is the first pure 24-karat gold coin ever struck by the US Mint and features the iconic design of a Native American on one side and an American Bison on the other. This coin is a highly desirable and sought-after form of precious metal investment and is eligible for a variety of other precious metals available for purchase through Apmex.
- The Australian Platypus
The Australian Platypus is a beautiful and unique coin issued by the Australian government, making it the perfect addition to your individual retirement account (IRA). The reverse of the coin features a stunning image of a leaping platypus emerging from beneath a cluster of foliage, while the obverse of the coin displays the profile of Queen Elizabeth II. The coin itself is crafted from a smooth and durable precious metal, making it an ideal choice for long-term investment.
Opening an Apmex Precious Metals IRA
Opening an APMEX Precious Metals IRA is a great way to invest in the future of your finances. This type of IRA allows you to diversify your retirement portfolio and access the potential growth of the precious metals market. By taking advantage of this comprehensive and secure retirement option, you can provide greater financial security for yourself and your family. Opening an APMEX Precious Metals IRA is a straightforward process that can be completed in just a few simple steps:
- Open A Custodian Account
When opening an Apmex Precious Metals IRA, you will need to open a custodian account with Apmex. This account is kept separate from your own personal bank account, so you will need to provide some personal information in order to open the account. This includes your address, Social Security Number, date of birth, and other financial information.
- Fund The Account
The second step in opening an Apmex Precious Metals IRA is to fund the account. This involves transferring existing retirement funds, such as a 401k or traditional IRA, or contributing new funds to the account. You can do this by sending a check for the total amount or by using a wire transfer for larger amounts.
- Purchase Approved Products
The third step in opening an Apmex Precious Metals IRA is to purchase approved products. Apmex offers a wide selection of gold, silver, platinum, and palladium products that are eligible for inclusion in an IRA. These include coins, rounds, bars, and other collectibles. The products must meet certain specifications in order to be approved for purchase in an IRA. Apmex will provide thorough guidance when selecting IRA-eligible products, including detailed product descriptions and pricing information.
Tax Benefits of an Apmex Precious Metals IRA
An American Precious Metals Exchange (APMEX) Precious Metals IRA offers a number of tax benefits that makes it an attractive investment option for those looking to diversify and secure their retirement savings. With an APMEX Precious Metals IRA, investors can enjoy the following tax benefits:
- Tax-Deferred Earnings: Any gains or income earned on assets held in an APMEX Precious Metals IRA are deferred until the assets are withdrawn. This allows investors to maximize their return on investment without having to pay taxes on their gains until later in life.
- Tax-Free Investment Growth: All investment growth within an Apmex Precious Metals IRA is completely tax-free.
- Tax Deductible Contributions: Contributions to an Apmex Precious Metals IRA are tax deductible up to the annual IRS limit of $6,000 for individuals or $7,000 for those aged 50 or older.