Gold has been used as an investment since ancient times. But investing in gold online is still relatively unknown.
However, self-directed IRAs allow investors to invest in physical gold without going through a broker. And here are four reasons why this is the only way to invest in gold online.
#1. Physical Gold Investments Offer Peace of Mind
Investing in gold online offers peace of mind. Unlike stocks, bonds, or mutual funds, physical investments don't fluctuate in value. They are stable and offer consistent returns.
Physical gold investments are also insured against theft and fire. If you lose your coins, you won't lose any of your money.
#2. No Fees
Unlike traditional brokerage accounts, no fees are charged when investing in gold online. There are no commissions, transaction costs, or account maintenance fees.
There are no hidden charges either. All transactions are transparent and open to public scrutiny.
#3. Low Minimum Investment
With most online brokers, you need to deposit $10,000 or more to open an account. However, with self-directed IRAs, you can open an account for as low as $500.
This means that you can invest in gold online for as little as $50.
#4. Easy Accessibility
Most banks and credit unions charge a monthly fee for checking and savings accounts. With self-directed IRAs, however, you can access your money 24/7.
No matter where you are in the world, you can access your cash whenever you need it.
So if you want to invest in gold online, go ahead and set up a self-directed IRA. It's the safest way to invest in gold.