Some of you are looking into putting your IRA or 401K funds into a safe investment. A lot of the traditional holdings aren't doing so well in protecting your accumulated wealth. There is even talk of the U.S Government losing their AAA credit rating if they nationalize Freddie Mac and Fannie Mae. That would mean all of our U.S. Treasury Bills and U.S. Savings bonds might not be as safe as they once were. So, people are turning to precious metal investments.

Some very large companies selling gold, silver, and platinum are a little on the greedy side in the fees they charge getting you coins in your retirement account. The tell their customers that they are going to put "Mint Condition" bullion coins in the person's IRA and because these are "Mint" and sealed in a special case they have collector's value. That is not true. Bullion coins are valued ONLY by the weight in the precious metal. They also might try to sell you a "First Strike" bullion coin. There is no added value to the coin no matter if it was first off the assembly line or last. This is just a way to get you to pay the collector's premium (30% spread quoted-some large companies actually charge 43%) when they shouldn't be charging more than 10% for a bullion transaction. If you find that a company is lying to you about the type of coin you are getting collectable/bullion, please don't trust them at all. What else are they lying to you about?

The Federal Government has designated that ONLY Bullion coins may be placed in an IRA. It is illegal to put any collectable coins in a Roth or Traditional IRA. You should never pay more than a 10% spread to put coins in your IRA.

I had a lady bring me a "Millennium Proof Set" of Krugerrands. She told me she paid six times their value in gold because they were a "Millennium Proof Set." I was baffled. I had never heard of such a thing. I am a member of the American Numismatist Association. So, I asked them if this was something special. They laughed and said the woman was lied to and told me not to buy her set unless I bought it for the price of the weight in gold. Again, bullion coins are valued only by the weight in the precious metal.

Gold has gone up over 40%, Silver is up over 50% in the last 52 weeks while all the major mutual funds are posting losses. Trade your losers for a winner!

If you are interested in learning about diversifying your portfolio with precious metals call Tamara 303-771-5825 at Golden IRA's & Investments, Inc. I love to educate others about protecting their accumulated wealth. You may also visit www.goldeniras.com to learn more.