Reno is known as the “Biggest Little City in the World,” and precious metals investing is a big opportunity in the city that is growing in popularity. Most often, residents invest in gold to grow their wealth long-term. However, investors also buy silver, platinum, and palladium to diversify their portfolios.
The soaring demand for gold makes many investors choose Nevada to buy gold online. After all, Nevada is the fourth largest gold producer worldwide. Moreover, millions of troy ounces of gold are mined in Nevada annually, opening various gold investment opportunities.
If you want to invest in gold, keep reading to learn more about the types of investments and online gold sellers.
Nevada, the biggest state producer of gold in the U.S., represents almost 75% of all gold produced nationwide. So, if you want to invest in a gold IRA in Reno, you can roll over an existing IRA into a gold IRA.
A representative can help you find proper custodians, IRS-approved products, and a depository. Remember to complete the transfer of the IRA rollover within 60 days to avoid penalties.