Buying precious metals is in high demand in Bakersfield due to its relative stability and resilience. Most often, residents invest in gold to grow their wealth long-term. However, investors also buy silver, platinum, and palladium to diversify their portfolios.
Many reputable gold sellers are located in Bakersfield, and one can invest in gold online and offline. If you are interested in gold investing for long-term growth, continue reading for more information on precious metal products and how to get started.
When buying gold, make sure to work with a dealer recommended by the Better Business Bureau. Moreover, evaluate different forms of physical gold available, read different reviews and customer ratings, and follow market trends.
Specifically, gold bullion products feature high precious metal purity. And investors interested in long-term holdings can opt for bars for their lower premiums and ease of storage. Typically, investors opt for gold coins, bars, and IRAs.
In Bakersfield, individuals can buy gold online or by visiting a brick-and-mortar dealer. An IRA can help you diversify your retirement account. Specifically, you can open a gold IRA or roll over your current IRA. In addition, dealers can help you choose a custodian, IRS-approved products, and a depository.
Specifically, when rolling over an IRA, you must complete your fund transfer within 60 days to avoid penalties.