Credit Suisse Gold Bars and Gold IRAs
June 30, 2010 by goldguru · Leave a Comment
By Chris Swiss, Fine Suisse Gold Bars
Diversifying an IRA over several products is a popular choice for many Americans as it allows them to spread their risk over several different markets. One such product that has performed spectacularly in the last decade is gold bullion. With the long-term outlook still looking very rosy for gold, this article discusses how you can add gold bullion to your IRA.
Adding Gold Bars to an IRA
Prior to the 1997 Tax Payer Relief Act, the only gold bullion allowed in an IRA was the American Gold Eagle coin. The Act however made it permissable to add gold bullion bars as well. This is a great advantage for investors as gold bars generally carry a smaller mark-up or ‘premium’ than gold coins. In other words you get more gold for your money when buying bars.
When buying gold bars, there are also a couple of legal issues to bear in mind:
# 1 – Purity
Gold bullion bars for IRA must have a minimum purity of 99.50% or what is also know as 9950 fineness. Credit Suisse gold bars fit the bill perfectly as they are 99.99% pure/ 9999 fineness (also known in the industry as ‘Four 9′s Gold’).
# 2 – Accreditation
The bars must be hallmarked by assayers approved by NYMEX, the biggest bullion exchange in the US. One such approved assayer is Valcambi. Based in Switzerland, Valcambi is one of the largest and most famous refineries in the world. Exclusively manufacturing Credit Suisse gold bars for over 40 years, their hallmark ‘CHI Essayeur Fondeur’ decorates every single bar.
So how do you actually go about adding gold bullion to your IRA? Two reputable companies with expertise in this area are Goldstar and Entrust. They can help you restructure or establish your IRA. Hopefully you now have a better idea how you can add gold bullion to your IRA and why Credit Suisse gold bars are an excellent choice. Bear in mind this is just one avenue to owning gold. You can also buy gold directly and store it in the bank.
Do you want to profit from the massive increase in gold that is yet to come?
In the past 2 years, gold has increased a whopping 50%, yet more is to come! This truly is a once in a lifetime opportunity. With the right knowledge you can be a part of it.
Click on the link for lots more FREE information on Credit Suisse Gold bars and how you can be a part of the greatest bull market of this decade.
If you think you’ve missed the gold boat…Think Again.
http://finesuissegoldbars.com
