Numerous studies carried out over the years have time and time again reported that the main reason why many people have not invested in gold is lack of information. This is especially so for gold backed IRA information. Many people still believe that investing in gold is a preserve of the rich as they wrongly believe that the initial investment is quite steep.
The truth is that after the 1997 Tax Payer Relief Act, one of the options available for individuals is putting a variety of precious metals such as gold in their IRA accounts. And the beauty of this is that you don’t even have to transfer or rollover your existing plan in its entirety.
You can easily undertake a rollover or partial transfer of your existing plan. And because you have a variety of precious metals such as platinum, Silver and palladium to choose from, you have enough options available for you. The process is also quite fast, taking just a few weeks if you engage professionals.