Although New York City is home to the stock exchange, many people are opting to invest in precious metals instead, thanks to its relatively stable growth.
Most often, residents invest in gold to grow their wealth long-term. However, investors also buy silver, platinum, and palladium to diversify their portfolios. Investors who are looking to diversify their assets, hedge against the volatility of stocks, and grow their wealth may choose to buy gold bars and coins.
Whether you’re a pro or new to gold investing, online gold sellers make it more convenient to buy gold online and have it shipped directly to your door. We outline the essentials of buying gold online and how to get started.
A gold IRA allows New Yorkers to invest in IRS-approved physical coins and bars. A gold IRA functions like a traditional IRA. However, the only difference is that a gold IRA account holds physical gold rather than paper assets.
Big Apple residents can contact local or online gold sellers to open a gold IRA account or rollover an existing IRA. Typically, a representative from the company will walk you through the setup process, including choosing a custodian, IRS-approved products, and a depository.