 | Even though the IRA LLC format has been vetted through the legal system, legitimized through case law, private letter rulings, IRS memorandums and has been openly practiced since before the Roth IRA was even an option – the concept still seems new to many investors. This is the result of the retirement industry being dominated by a market where advisers have little or no incentive to research and inform you about Self Directed IRA strategies like the IRA LLC for purchasing gold & silver. |
It is not entirely uncommon for an attorney, tax or financial advisor to have not heard of a Self Directed IRA LLC (Gold IRA) given the fact that the traditional financial institutions have concealed their benefits due to their focus on selling the more profitable equities, bonds, and mutual funds.
The Self Directed IRA LLC began gaining popularity in 2003 as the price of gold started to rise. When gold prices skyrocketed in the years 2008 through 2011 in response to the ‘Great Recession,’ IRA LLC – including those invested in gold & silver – became the choice of savvy investors burned by the implosion of the equities market.
The Self Directed IRA LLC began gaining popularity in 2003 as the price of gold started to rise. When gold prices skyrocketed in the years 2008 through 2011 in response to the ‘Great Recession,’ IRA LLC – including those invested in gold & silver – became the choice of savvy investors burned by the implosion of the equities market.
| The simplest and easiest IRA LLC investment is physical gold & silver coins and bars. In fact, while the IRS requires the fiduciary of a Traditional IRA to store bullion in an approved depository (e.g., Delaware Depository), the Self Directed IRA LLC bullion is under no such stipulation. Many Traditional IRA investors store their gold & silver in a bank’s deposit box or depository. Remember that should the contents of the box be stolen, FDIC insurance will not cover its value. IRA LLC Investors, on the other hand, can store gold & silver wherever they choose including safe deposit box, home safe etc. |  |
There are approximately 2.5 million Self Directed IRA accounts in the United States. The significant increase in the number of Self Directed Gold IRAs formed can be largely attributed to the poor performance of "Money Managers", the growth of the real estate market, the lack of liquidity in the small business loan market, and the increase in media coverage by the Wall Street Journal, CNBC, The New York Times, Business Week, and some of the other major financial media companies.
