Philadelphia is home to one of the four mints where precious metal coins are produced in the United States. It also hosts the Philadelphia Stock Exchange, the oldest stock exchange in the U.S., where dozens of precious metal mining companies are traded. Many historical sites in Philadelphia are also featured on some infamous gold bullions like the Gold Liberty and Independence Hall coins.
The former U.S. capital is a popular place to invest in precious metals. Most often, residents invest in gold to grow their wealth long-term. However, investors also buy silver, platinum, and palladium to diversify their portfolios.
For centuries, gold investing has been an effective way for people to protect against market volatility and grow their wealth. Below, you’ll find a short guide to buying gold online and investment opportunities in Philadelphia.
Opening a gold IRA in Philadelphia takes less time and energy than you might imagine. Many dealers will also allow you to open a gold IRA online, making the process more accessible.
First, you need to open the IRA by signing an agreement with the precious metal dealer.
A company representative will usually help you through this process. Next, you can roll over your funds from an already existing account, usually without tax consequences. But be careful to complete the transfer process within 60 days to avoid paying early withdrawal penalties.