Regal Assets Gold IRA Review
If you’re looking to invest in gold, a good start would be to find a gold ira company to set up an account. These accounts offer flexibility, affordability, and plenty of benefits for your retirement portfolio. However, it can also be confusing if this is your first gold IRA account.
Regal Assets is a gold IRA company that makes the process easier for its clients. The company doesn’t do collectibles or rare coins, and they have a strict policy of only selling bullion coins and bars. Regal Assets has been in the gold and precious metals industry for over 10 years and have maintained a nearly perfect reputation in the market during this time period. They are also the only company that offers alternative assets from the crypto market like Bitcoin and Ethereum under the same account.
Company History and Background
Regal Assets is considered to be a one-stop-shop for investors when it comes to investing in precious metals and cryptocurrencies. The company was founded in 2009 by Tyler Gallagher and has differentiated itself from other IRA companies by allowing its clients to hold digital and hard assets in their retirement portfolios.
Product & Services
Regal Assets has a wide selection of acceptable products that you can hold in your investment portfolio beyond just precious metals. That includes:
|Gold||Silver, Platinum, and Palladium||Cryptocurrencies|
|American Eagle coins|
Australian Kangaroo/Nugget coins
Canadian Maple Leaf coins
Credit Suisse Gold Bars
S. Buffalo uncirculated gold coins
Bars and rounds
|American Eagle coins|
Australian Kookaburra and Koala coins
Canadian Maple Leaf coins
Mexican Libertad coins
Bars and rounds
Isle of Man Noble coins
|Bitcoin and Bitcoin Cash|
Ethereum and Ethereum Classic
With cryptocurrencies currently viewed as a high-risk investment, holding gold in your portfolio has been a time-tested way to reduce the volatility of your retirement investing strategy.
Gold is considered a “safe-haven investment” due to its stability. Compared to other commodities’ rise and fall actions, gold’s value fluctuates within a much smaller range while holding its value at essentially the same point. Gold also tends to outperform stocks over time.
Holding gold in your IRA account can help stabilize your portforlio, either as a way to hedge against inflation, increase returns, or insulate your wealth from markets experiencing volatility.
Pricing Info and Minimum Investment
To get started with Regal Assets, you will need to meet a minimum threshold investment of $5,000. This will get you their “Merchant Package”, which will provide you with a gold reserve that you can easily liquidate in case of an emergency. This is recommended for investors looking for immediate security without much hassle.
There are also higher price packages, each with its own advantages and features. For those looking to grow their investment portfolio or build a retirement fund, the company recommends the gold IRA accounts that are $25,000 and up. At that level, the company will use a specialist to design your investment portfolio for immediate profit potential.
Their “Kingship Portfolio” comes with more customization with the help of a Regal Assets specialist, and the starting price is $50,000. With this package, their analysts will help you u maximize short-term gains while protecting your portfolio from inflation long term.
Regal Assets does not charge extra for rollovers, transfers, or storage and administration fees for the first year. After the initial year, the company charges $190 for administration and storage on accounts containing only metals. For accounts with precious metals and other assets, the storage fee is $230.
Regal Assets has several options available to its customers through its partnerships with the top vault providers in the world providing customers with peace of mind. The company aims to make it easy to secure precious metal storage without any separate accounts.
The company recommends a segregated storage option that allows you to put your gold and silver in a vault that is fully insured by a 3rd party custodian. Regal Assets allows you to arrange your gold and silver to be sent directly to one of more than 100 vaults around the world with their gold IRA account. You won’t be sharing ownership with other investors; coins and bars are stored separately, regularly audited, and verified by an independent party.
Additionally, your IRA account is fully insured for the total value of your holdings. You’ll easily have access to the different storage options with the option to have your precious metals delivered to your home anytime, and will receive custody certificates documenting your holdings.
What is a gold IRA?
A gold IRA is quite similar to a traditional IRA, but instead of paper-based currency and assets, you can invest in gold and hold physical precious metals.
Other forms of precious metal IRAs allow investors to hold metals such as silver, platinum, and palladium (commonly purchased along with gold). However, gold is the most popular metal to hold in IRA accounts, given the stability associated with them.
Why include gold in an IRA fund?
A gold IRA works in similar ways as a regular IRA. By including gold or other precious metals in your account, you can better protect your money from inflation or conditions causing markets to fluctuate, as to where other assets may not be able to do the same for your portfolio.
Over time, economic trends and markets could become uncertain, while the U.S Dollar decline in value. That can mean your investment portfolio isn’t worth as much as it once was, and your assets are losing value.
Although gold alternates in price, it’s a relatively stable investment — for thousands of years, there has always been a supply and a demand for gold. Although no one knows what will happen in the future, that’s about as sure a bet as you can get in investing. That is what makes gold a great holding in your account to balance your retirement portfolio and protect your wealth from diminishing in the long term.
Does a gold IRA earn interest like a traditional IRA?
Because your investment is tied up in the value of the commodity, a gold IRA account does not earn interest in the same way. Instead, the value of your gold is measured by the price of the coins, bars, or other gold you own.
How much is the gold in my IRA worth?
That will depend on the type of gold you invest in, how much you own, and the current value for gold.
Like everything in the market, the price of gold is determined by the supply and demand for the product. Because gold is used for everything from investment to jewelry to electronics, it is a stable commodity, meaning there is always a guaranteed demand for it. Though the price of gold oscillates through time, it will always be worth something, unlike other investments.
That means that while gold may not necessarily accrue wealth in the same way that your other mutual funds might, it can insulate its value from the marketplace’s swings and better protect your wealth.
Is a gold IRA tax-free?
Your tax advisor would be the safest person to ask about how local tax laws apply to your gold IRA. Generally, gold IRAs follow the same tax rules as other IRAs.
How can I set up a gold IRA if I already have an IRA or 401(k)?
Regal Assets offers two options: a transfer and a rollover. In a direct transfer, you can move money directly from one IRA into another. Transfers can be made as often as you’d like.
For a rollover, you would be the intermediary between the two IRA accounts. Once you’ve received a distribution from your first account, you can deposit it into a Regal Assets gold IRA account.
Gold has been known as the safest investment you can make. But to ensure that you’re set up correctly and doing it right, it’s best to work with a professional who’s been in the industry for some time now. A professional can arrange the best care and value for your investment or retirement portfolio.