You might think buying precious metals is an old-fashioned way of investing, but for many Oklahoma City residents, gold investment is actually one of the most sensible. This is because gold has a long track record as a solid store of value in turbulent times, and its value tends to rise during inflationary periods.
Most often, residents invest in gold to grow their wealth long-term. However, investors also buy silver, platinum, and palladium to diversify their portfolios.
To help you navigate your gold investment options in Oklahoma City, we have compiled some useful information about where and how you can buy this precious metal online.
Similarly, Oklahoma City residents looking for long-term growth can invest in a gold IRA. With a gold IRA, individuals can invest in IRS-approved gold coins and bars. The physical assets are then stored in a certified depository.
Investors looking to set up a gold IRA can begin the process by contacting reputable gold sellers. A company representative will walk you through the process of selecting a custodian, IRS-approved gold, and a depository. For added convenience, many gold dealers offer online gold IRA setups.
Rolling over a traditional IRA into a gold IRA is also possible. However, keep in mind that the transfer must be completed within 60 days to avoid early withdrawal penalties.