Many Rochester residents invest in gold as its price steadily increases over time. As a result, gold investing is a long-term growth asset that acts as a hedge against inflation. At the same time, gold investment can be an excellent portfolio diversification tool for investors. If you’re considering buying gold bars or coins in Rochester, consider the gold investment options available from the dealers listed below.
Types of Precious Metals Investments
If you’re considering investing in gold in Rochester, popular types of gold investments include coins, bars, and IRAs.
Rochester residents who want to invest in gold or invest in silver can contact a local or online gold seller or dealer to set up their gold IRA account. They can also roll over an existing IRA. Typically, a representative from the gold company will walk you through the setup process, including choosing a custodian, IRS-approved products, and a depository.
The following accounts are eligible to roll over into a gold IRA:
Traditional IRA
Roth IRA
401(k)
403(b)
457(b)
SEP IRA
SIMPLE IRA
Thrift Savings Plan (TSP)
When rolling over an IRA, make sure the transfer is completed within 60 days. Otherwise, you may incur penalties for early withdrawal.
Buy Gold and Silver Coins, Bars, and Bullions Online in Rochester
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.