The city of Colorado Springs has been named after the springs discovered along Monument Creek in the 19th century. But the city and the state of Colorado also have a long history of gold investing. The state is also home to one of the four U.S. coin mints – the Denver Mint.
Investing in gold helps people protect against inflation and market volatility. Gold investments are relatively safe, given they consistently rise in price and act as a hedge against inflation.
If you live in Colorado Springs and want to buy gold online or learn about the types of fold investments, follow our guide below to learn more about your investment opportunities.
A gold IRA is a self-directed account, which means that it is not offered by employers and can only be opened individually. First, you should choose a custodian to help you with the setup process and the administration of the account. Then, you can start purchasing products and add them to your IRA through a broker. A company representative will guide you through the entire process.
Alternatively, you can also roll over your funds from an established account. The rollover process should take less than 60 days. Otherwise, you may pay an early withdrawal penalty.