As the capital of Maryland, Baltimore is one of the economic hubs on the East Coast. The city is home to multiple flourishing industries like healthcare, education, and finance, and the people living here have some of the highest wages in the entire country.
Many individuals in Baltimore seek their fortunes in precious metals. To grow long-term wealth, residents buy silver and gold.
Gold investing has historically helped people protect against market fluctuations when the U.S. Dollar isn’t performing well. Gold products are produced by mints and sold through certified and licensed gold sellers. Today, you can also buy gold online from the comfort of your own house.
Keep reading to learn more about the types of gold investments and how you can get started.
Establishing a gold IRA in Baltimore is easy and doesn’t take much time. First, you need to find a custodian who can help you with setting up and administering the account. Next, you will need to find a broker who can help you purchase the products for your IRA.
The IRS also allows you to roll over from an existing account. But you should be careful to complete the transfer within 60 days; otherwise, you may pay early withdrawal penalties.