Gold IRAs have higher maintenance fees than other types of IRAs, which is due to the additional costs associated with investing in gold. In addition to brokerage fees and account setup fees, the investor must pay additional costs to store and insure the precious metal. MARKET VOLATILITY The performance of a precious metals investment depends to a significant extent on often unpredictable external market forces, including but not limited to supply and demand, international money markets, inflation, and general economic conditions and expectations. The impact of these forces or any of them on precious metal values cannot be predicted with certainty.
client acknowledges and understands that precious metals markets can be volatile and that prices may rise or fall over time and that past performance is not indicative of future performance.. Furthermore, precious metals are not suitable investments for people seeking current income.. Allegiance Gold is not liable for losses caused directly or indirectly by stock exchange or market regulations, government restrictions, or force majeure (i. The SEC’s Office of Investor Education and Advocacy, the North American Securities Administrators Association (NASAA), and the Financial Industry Regulatory Authority (FINRA) are updating this Investor Alert to warn investors of potential risks associated with self-directed individual retirement accounts (self-directed IRAs)..
Self-directed IRAs allow investments in a wider — and potentially riskier — portfolio of assets than other types of IRAs. These assets may include real estate, private placements, precious metals and other commodities, and crypto assets.. Investors should be aware that investing in self-directed IRAs involves risks, including fraudulent schemes, high fees, and volatile performance. A self-directed gold IRA can give you peace of mind if you want to hold physical assets. However, if you want to diversify precious metals without the hassle and expense of a gold IRA, you can also invest in gold ETFs, gold mutual funds, and stocks of gold mining companies.
Simplified gold IRAs for employee pensions, also known as SEP Gold IRAs, are available to self-employed people and small business owners. Starting a gold IRA starts with choosing a gold IRA company, essentially a metal dealer, who will sell you gold or other precious metals.. Lack of information and liquidity — Standalone IRAs allow you to hold alternative investments which, unlike listed securities, may contain limited information, financial and other. Despite what some of their sales and marketing literature might suggest, you shouldn’t rely on Gold IRA companies for investment advice..
Of course, depositories don’t work for free, and you’ll have to pay storage and management fees for your Gold IRA. Because IRA gold must be stored in an IRS-approved depository by law, there are also storage fees for storing and insuring your precious metals. A good Gold IRA firm will help you with the paperwork and will be available as your personal resource even after you complete your purchase (what is known as a “trade”).. Still, many people have decided that a gold IRA is an important part of their plan to retire as planned, and when you examine the benefits of this attractive asset, it’s easy to see why..
ASSUMPTION OF INVESTMENT RISK BY CLIENT The client assumes the risk of all investment decisions and acknowledges and understands that Allegiance Gold has not and will not provide any guarantee, promise, assurance or forecast as to the client’s ability to benefit from a transaction or as to the tax consequences or effects of a transaction.. A gold IRA company usually has an order desk that helps you select gold (or other precious metals) that fits your investment strategy — or at least can provide information about the gold products that retirement savers order most frequently.. Unfortunately, because the Gold IRA industry is unregulated, it is well known that some Gold IRA companies use questionable tactics to pressure potential customers.. Neither Allegiance Gold nor its directors or agents (collectively, “Allegiance Gold”) provide investment advice..
DO NOT ASSESS the quality or legitimacy of investments in the self-governing IRA or its sponsors; and. EXCLUSION OF DAMAGES In no event and under no legal theory, whether in contract, tort, or otherwise, will Allegiance Gold be liable for any direct, indirect, incidental, consequential, economic, non-economic, or punitive damages of any kind, including but not limited to damages arising from loss of profit, profit, or business, even if Allegiance Gold is advised of the possibility of such damages.. You can choose between many of the same IRA types, such as. B. a traditional IRA, a SIMPLE IRA, or a Roth IRA.