Even though gold is not abundant in Lexington, that hasn’t stopped residents from investing in gold products. Gold is a long-term growth asset that acts as a hedge against inflation. If you also want to diversify your portfolio, consider buying gold online from the comfort of your home. Upon placing your order, the gold company will have your products delivered to your home or depository.
Types of Precious Metals Investments
If you’re considering investing in gold in Lexington, popular types of gold investments include coins, bars, and IRAs.
Lexington residents who wish to invest in a gold IRA can contact a local or online gold dealer to set up a new account or roll over an existing IRA. A representative from the gold company can guide you through the setup process and help you in choosing IRS-approved gold products, a custodian, and a depository.
If you want to roll over a traditional IRA into a gold IRA, the following accounts are eligible:
Traditional IRA
Roth IRA
401(k)
403(b)
457(b)
SEP IRA
SIMPLE IRA
Thrift Savings Plan (TSP)
However, make sure the transfer is completed within 60 days when you are rolling over an IRA to avoid possible penalties for early withdrawal.
Buy Gold and Silver Coins, Bars, and Bullions Online in Lexington
Popular gold coins:
U.S. Saint-Gaudens Double Eagle
U.S. American Eagle
Canadian Maple Leaf
Mexican Libertad
Chinese Gold Panda
British Sovereign
South African Krugerrand
Austrian Philharmonic
American Buffalo
Australian Kangaroo
British Britannia
Popular gold bars:
Credit-Suisse
Johnson-Matthey
Engelhard
PAMP Suisse
UBS
Sunshine Minting
Peth Mint
ScotiaMocatta
Heraeus
Holy Land Mint
Gold Buying Guide by State
Click on your state to learn more about investing in gold, silver, and other precious metals in your area.