WEBVTT 00:00:00.000 --> 00:00:02.439 OK, so are you ever looking at your retirement 00:00:02.439 --> 00:00:06.320 savings and feeling, well, a little uncertain? 00:00:06.519 --> 00:00:09.080 It's a pretty common feeling, I think. Yeah. 00:00:09.160 --> 00:00:10.880 Well, especially with inflation being what it 00:00:10.880 --> 00:00:12.560 is, you start wondering, you know, how can I 00:00:12.560 --> 00:00:16.859 make things feel a bit more stable? Absolutely. 00:00:17.059 --> 00:00:19.359 And people are exploring different options. One 00:00:19.359 --> 00:00:21.440 thing that comes up quite a bit is this idea 00:00:21.440 --> 00:00:24.420 of a gold IRA. Right. The idea you can actually 00:00:24.420 --> 00:00:28.179 hold physical gold, real metal, inside your retirement 00:00:28.179 --> 00:00:31.390 account. Exactly. It sounds appealing holding 00:00:31.390 --> 00:00:34.590 something tangible, but like anything in finance, 00:00:34.590 --> 00:00:36.909 you really need to get into the details. And 00:00:36.909 --> 00:00:39.850 with gold IRAs, the IRS has some pretty specific 00:00:39.850 --> 00:00:41.850 rules about what gold you can actually put in 00:00:41.850 --> 00:00:43.310 there. So that's what we're digging into today. 00:00:43.409 --> 00:00:45.829 What types of gold actually get the thumbs up 00:00:45.829 --> 00:00:48.729 from the IRS for these accounts? Precisely. We've 00:00:48.729 --> 00:00:50.950 been looking at a really informative piece by 00:00:50.950 --> 00:00:53.509 Doug Young. He's got a lot of experience in finance, 00:00:53.890 --> 00:00:56.829 precious metals. Right. A solid source. And our 00:00:56.829 --> 00:00:59.289 goal here is to cut through the noise. for you, 00:00:59.369 --> 00:01:01.649 explain what's allowed, what's not, and maybe 00:01:01.649 --> 00:01:04.650 why. Yeah, the why is important. So by the end, 00:01:04.670 --> 00:01:07.049 if you're thinking about a gold IRA, maybe to 00:01:07.049 --> 00:01:09.530 diversify things a bit, you'll have a much clearer 00:01:09.530 --> 00:01:12.049 picture. Avoid some common mistakes, hopefully. 00:01:12.230 --> 00:01:14.810 OK, so let's start right there. Why does the 00:01:14.810 --> 00:01:18.189 IRS care what kind of gold is in your IRA? Isn't 00:01:18.189 --> 00:01:22.109 gold just gold? Good question. That seems a bit 00:01:22.109 --> 00:01:24.390 odd at first. Well, based on what Doug Young 00:01:24.390 --> 00:01:26.909 lays out, it really comes down to ensuring the 00:01:26.909 --> 00:01:30.540 gold is reliable, that it's going to hold its 00:01:30.540 --> 00:01:33.340 value over the long term. Like a quality control 00:01:33.340 --> 00:01:35.439 thing for your retirement funds. Sort of, yeah. 00:01:35.540 --> 00:01:37.640 It's about protecting the integrity of the retirement 00:01:37.640 --> 00:01:40.079 account. And this ties into the role of the custodian, 00:01:40.159 --> 00:01:42.040 the company that actually holds the gold for 00:01:42.040 --> 00:01:44.340 you. They have to follow these rules. OK, so 00:01:44.340 --> 00:01:46.920 it's about value and integrity. How does the 00:01:46.920 --> 00:01:49.920 IRS measure that? The big factor is purity. That's 00:01:49.920 --> 00:01:53.560 key. Ah, purity. Right. The article mentions 00:01:53.560 --> 00:01:56.200 a specific standard. Yes, it has to be at least 00:01:56.200 --> 00:02:00.120 99 .5 % pure gold. 99 .5%. That sounds really 00:02:00.120 --> 00:02:03.140 high. Why that specific number? Well, it's not 00:02:03.140 --> 00:02:05.859 just pulled out of thin air. It reflects an established 00:02:05.859 --> 00:02:08.500 standard for what's called investment grade bullion. 00:02:08.590 --> 00:02:10.909 basically gold that's easily traded internationally. 00:02:11.169 --> 00:02:13.409 OK, so it makes it easier to value and sell later 00:02:13.409 --> 00:02:16.590 on. Exactly. High purity means less guesswork 00:02:16.590 --> 00:02:19.490 about its actual gold content. And reputable 00:02:19.490 --> 00:02:22.409 mints, the big players, they produce gold that 00:02:22.409 --> 00:02:26.219 meets or often exceeds the standard. Makes sense. 00:02:26.560 --> 00:02:30.520 So 99 .5 % pure is the benchmark. What kind of 00:02:30.520 --> 00:02:32.819 gold products actually need this? Well, one common 00:02:32.819 --> 00:02:35.419 form is gold bullion bars. Just straightforward 00:02:35.419 --> 00:02:38.060 bars of gold. Pretty much. But the crucial thing 00:02:38.060 --> 00:02:41.340 is they have to be made by a recognized refiner 00:02:41.340 --> 00:02:43.860 or assayer, you know, someone the industry trusts. 00:02:44.020 --> 00:02:45.979 Gotcha. Not just any bar you find somewhere? 00:02:46.039 --> 00:02:47.599 No, no, definitely not. And of course, they have 00:02:47.599 --> 00:02:50.439 to meet that 99 .5 % minimum purity. And these 00:02:50.439 --> 00:02:52.280 can be pretty hefty, right? The article mentioned 00:02:52.280 --> 00:02:54.979 sizes from one ounce up to, what, 400 ounces? 00:02:55.099 --> 00:02:57.120 Yeah, they can represent a significant holding. 00:02:57.719 --> 00:03:00.460 So bars are definitely an option for adding a 00:03:00.460 --> 00:03:02.520 substantial amount of gold. OK, so bars from 00:03:02.520 --> 00:03:05.340 recognized refiners, what else qualifies? Coins. 00:03:05.639 --> 00:03:08.500 Yes. Certain gold coins minted by governments 00:03:08.500 --> 00:03:11.800 can also go into a gold IRA, again, provided 00:03:11.800 --> 00:03:13.800 they meet the purity rules. Government coins. 00:03:13.639 --> 00:03:15.800 Okay. Like the ones people might already know. 00:03:16.479 --> 00:03:18.620 Exactly. And the article highlights a few key 00:03:18.620 --> 00:03:21.000 examples. Maybe start with the American Gold 00:03:21.000 --> 00:03:22.960 Eagle. It's probably the most familiar one in 00:03:22.960 --> 00:03:25.800 the U .S. Right, the eagle. But isn't there something 00:03:25.800 --> 00:03:29.659 different about its purity? Ah, good point. Yes, 00:03:29.840 --> 00:03:31.780 the American Gold Eagle is actually an interesting 00:03:31.780 --> 00:03:35.659 exception. It's slightly less than 99 .5 % pure 00:03:35.659 --> 00:03:38.240 gold. It contains small amounts of silver and 00:03:38.240 --> 00:03:41.039 copper for durability. So why is it allowed then? 00:03:41.280 --> 00:03:43.719 if it doesn't meet the main rule. It really comes 00:03:43.719 --> 00:03:46.340 down to how widely recognized and easily traded 00:03:46.340 --> 00:03:49.639 it is. It's extremely liquid. The U .S. mint 00:03:49.639 --> 00:03:52.300 makes them, they come in different sizes. Basically, 00:03:52.439 --> 00:03:55.180 the market trusts it, so the IRS makes an exception. 00:03:55.740 --> 00:03:58.060 Huh. So market acceptance can sometimes override 00:03:58.060 --> 00:04:00.659 the strict purity number. Interesting. What about 00:04:00.659 --> 00:04:03.560 coins from other countries, like Canada? Yes, 00:04:03.719 --> 00:04:05.620 the Canadian gold maple leaf is another very 00:04:05.620 --> 00:04:08.020 popular one. And this one does meet the purity 00:04:08.020 --> 00:04:10.650 standard easily. How pure is it? It's actually 00:04:10.650 --> 00:04:14.650 99 .99 % pure gold. Four nines fine, they call 00:04:14.650 --> 00:04:17.569 it. Wow, that's very pure. It is. And it's minted 00:04:17.569 --> 00:04:20.230 by the Royal Canadian Mint, globally recognized. 00:04:20.569 --> 00:04:22.930 People like the high purity, the detailed design, 00:04:23.310 --> 00:04:25.610 and the government backing. It's a very solid 00:04:25.610 --> 00:04:27.949 choice. OK, so the Maple Leaf hits that high 00:04:27.949 --> 00:04:30.610 purity mark. Any others mentioned? The Australian 00:04:30.610 --> 00:04:34.110 Gold Kangaroo is another good example. Also 99 00:04:34.110 --> 00:04:37.990 .99 % pure, made by the Perth Mint. Kangaroos. 00:04:38.139 --> 00:04:40.459 What's special about that one besides the purity? 00:04:40.839 --> 00:04:42.899 Well, one unique thing is the design changes 00:04:42.899 --> 00:04:45.920 every year, which adds a little bit of maybe 00:04:45.920 --> 00:04:47.839 collector interest for some people, although 00:04:47.839 --> 00:04:50.519 it's primarily bought for its gold content. Oh, 00:04:50.579 --> 00:04:53.939 okay. But still meets the main criteria. High 00:04:53.939 --> 00:04:56.800 purity, government mint. recognized exactly it's 00:04:56.800 --> 00:04:59.000 well regarded internationally good liquidity 00:04:59.000 --> 00:05:01.819 a solid option for an IRA it's neat how different 00:05:01.819 --> 00:05:04.279 countries have these high quality options now 00:05:04.279 --> 00:05:06.680 you mentioned earlier we often say gold IRA but 00:05:06.680 --> 00:05:08.939 it's not just gold is it that's a really important 00:05:08.939 --> 00:05:11.319 clarification yes these are technically precious 00:05:11.319 --> 00:05:13.920 metals IRAs you can hold other metals besides 00:05:13.920 --> 00:05:17.620 gold like silver platinum yes certain high purity 00:05:17.620 --> 00:05:20.579 silver platinum and even palladium coins from 00:05:20.579 --> 00:05:22.899 recognized government mints are also eligible 00:05:22.899 --> 00:05:25.870 okay which one specifically for silver For silver, 00:05:26.069 --> 00:05:27.889 think along the lines of the American silver 00:05:27.889 --> 00:05:30.930 eagle, the Canadian silver maple leaf, the Australian 00:05:30.930 --> 00:05:34.870 kookaburra, Austrian philharmonic, Mexican libertad. 00:05:35.170 --> 00:05:38.149 Again, meeting high purity standards, typically 00:05:38.149 --> 00:05:41.389 .999 or higher for silver. And for platinum. 00:05:41.730 --> 00:05:43.509 Eligible platinum coins include the American 00:05:43.509 --> 00:05:45.870 platinum eagle, the Australian platinum koala, 00:05:46.310 --> 00:05:48.829 the Canadian platinum maple leaf, and the Isle 00:05:48.829 --> 00:05:51.420 of Man noble coin. Platinum needs to be even 00:05:51.420 --> 00:05:56.079 purer, generally 0 .99995 fine. Wow. OK, so quite 00:05:56.079 --> 00:05:58.339 a few coin options across different metals. What 00:05:58.339 --> 00:06:00.319 about bars and rounds of these other metals? 00:06:00.379 --> 00:06:03.180 Can you hold those, too? Yes, you can. But similar 00:06:03.180 --> 00:06:05.360 rules apply, as with gold bars. They need to 00:06:05.360 --> 00:06:07.519 be produced by accredited manufacturers. Think 00:06:07.519 --> 00:06:10.720 big exchanges like NYMEX, COMEX, LBMA, or National 00:06:10.720 --> 00:06:13.120 Mints and meet minimum fineness levels. Which 00:06:13.120 --> 00:06:15.360 holes? For gold and silver bars or rounds, it's 00:06:15.360 --> 00:06:19.319 0 .999 plus fineness. For platinum and palladium, 00:06:19.149 --> 00:06:24.170 it's .9995 plus fineness. So very specific standards 00:06:24.170 --> 00:06:26.089 across the board. And the article made a point 00:06:26.089 --> 00:06:30.310 about certified or slabbed coins. Right. That's 00:06:30.310 --> 00:06:34.110 a key exclusion. Even if a coin is gold or silver, 00:06:34.310 --> 00:06:37.189 if it's been graded and encapsulated by a third 00:06:37.189 --> 00:06:39.509 -party grading service, slabbed as they call 00:06:39.509 --> 00:06:42.170 it, it's generally not allowed in a precious 00:06:42.170 --> 00:06:45.410 metals IRA currently. Why is that? Because their 00:06:45.410 --> 00:06:48.589 value often includes a premium based on the grade, 00:06:48.810 --> 00:06:52.230 the rarity, the collectability, not just the 00:06:52.230 --> 00:06:55.629 metal content. The IRS rules focus on the intrinsic 00:06:55.629 --> 00:06:57.670 bullion value for these accounts. Okay, so it 00:06:57.670 --> 00:06:59.810 keeps the focus squarely on the middle itself, 00:07:00.089 --> 00:07:02.490 not collector value. Exactly. Which brings us 00:07:02.490 --> 00:07:04.449 neatly to what else is definitely not allowed. 00:07:04.620 --> 00:07:07.180 Right, the exclusions. What should people absolutely 00:07:07.180 --> 00:07:09.240 avoid trying to put in a gold IRA? Well, the 00:07:09.240 --> 00:07:11.920 big one is collectible coins, or numismatic coins. 00:07:12.079 --> 00:07:13.819 Even if they're made of gold or silver? Yes. 00:07:14.060 --> 00:07:17.220 If their value is mainly driven by rarity, historical 00:07:17.220 --> 00:07:19.819 importance, condition, things like that, the 00:07:19.819 --> 00:07:22.120 IRS views them as collectibles, and collectibles 00:07:22.120 --> 00:07:24.819 are generally prohibited in IRAs. So that old 00:07:24.819 --> 00:07:26.759 coin from your grandpa, probably not eligible. 00:07:26.970 --> 00:07:29.709 Probably not, unless its value is almost entirely 00:07:29.709 --> 00:07:32.389 just its metal content, which is rare for truly 00:07:32.389 --> 00:07:35.750 old or rare coins. What else is out? Gold jewelry. 00:07:35.990 --> 00:07:38.230 Definitely not allowed. Makes sense. The purity 00:07:38.230 --> 00:07:41.209 is usually lower, and the value is tied up in 00:07:41.209 --> 00:07:44.089 the design and craftsmanship. Precisely. Same 00:07:44.089 --> 00:07:46.170 goes for gold -plated items or anything that 00:07:46.170 --> 00:07:48.410 doesn't meet those strict purity minimums. It 00:07:48.410 --> 00:07:51.310 has to be investment -grade bullion. Okay. Crystal 00:07:51.310 --> 00:07:55.449 clear. Bullion bars and specific coins in, collectibles 00:07:55.449 --> 00:07:58.600 and jewelry out. Now storage, you mentioned you 00:07:58.600 --> 00:08:00.850 don't keep it yourself. Absolutely not. That's 00:08:00.850 --> 00:08:03.949 a huge point. The IRS rules are very strict here. 00:08:04.110 --> 00:08:06.790 All the precious metals in your IRA must be stored 00:08:06.790 --> 00:08:09.709 in an IRS approved depository. A special vault 00:08:09.709 --> 00:08:12.889 facility? Essentially, yes. A third party, highly 00:08:12.889 --> 00:08:15.149 secure facility that meets IRS requirements. 00:08:15.509 --> 00:08:18.449 You, the investor, never take physical possession 00:08:18.449 --> 00:08:20.490 while it's in the IRA. So who arranges that? 00:08:20.550 --> 00:08:22.550 That's where the custodian comes in. You need 00:08:22.550 --> 00:08:25.149 an IRS approved custodian for your precious metals 00:08:25.149 --> 00:08:27.730 IRA and they handle the transactions and arrange 00:08:27.730 --> 00:08:30.790 the storage with an approved The custodian manages 00:08:30.790 --> 00:08:33.730 it. Do you get to choose the depository? Usually, 00:08:33.929 --> 00:08:36.649 yes. The custodian will provide a list of the 00:08:36.649 --> 00:08:38.309 approved depositories they work with, and you 00:08:38.309 --> 00:08:40.710 can select one. What should you look for when 00:08:40.710 --> 00:08:44.769 choosing? Key things are, naturally, security 00:08:44.769 --> 00:08:49.350 measures. Also location, insurance, and the depository's 00:08:49.350 --> 00:08:51.509 overall reputation and track record. You want 00:08:51.509 --> 00:08:54.820 peace of mind. Makes sense. Okay, we know what 00:08:54.820 --> 00:08:57.379 gold or metal qualifies and where it's kept. 00:08:58.059 --> 00:09:00.399 Let's circle back to the bigger picture. Why 00:09:00.399 --> 00:09:03.899 do this at all? What are the main benefits people 00:09:03.899 --> 00:09:07.220 see in adding gold to their IRA? Well, one of 00:09:07.220 --> 00:09:09.919 the most talked about reasons is using gold as 00:09:09.919 --> 00:09:12.279 a potential hedge against inflation. How does 00:09:12.279 --> 00:09:14.840 that work? Historically, gold has often held 00:09:14.840 --> 00:09:17.360 its value or even increased when the purchasing 00:09:17.360 --> 00:09:19.840 power of currencies like the dollar goes down 00:09:19.840 --> 00:09:22.259 due to inflation. So it can potentially preserve 00:09:22.259 --> 00:09:24.879 your buying power over time, though it's fair 00:09:24.879 --> 00:09:26.559 to say its performance can vary depending on 00:09:26.559 --> 00:09:28.399 the type of inflation. OK, so it's a potential 00:09:28.399 --> 00:09:30.700 inflation buffer. What else? Diversification. 00:09:30.700 --> 00:09:32.980 That's a really big one for portfolio management. 00:09:33.059 --> 00:09:34.879 Meaning it doesn't always move in the same direction 00:09:34.879 --> 00:09:38.659 as stocks or bonds? Exactly. Gold is often considered 00:09:38.659 --> 00:09:41.379 non -correlated or sometimes inversely correlated. 00:09:42.000 --> 00:09:44.320 So when stocks are down, gold might hold steady 00:09:44.320 --> 00:09:46.539 or even go up, potentially smoothing out the 00:09:46.539 --> 00:09:48.960 overall bumps in your retirement portfolio. So 00:09:48.960 --> 00:09:51.960 it adds a different kind of asset, reducing reliance 00:09:51.960 --> 00:09:54.480 on just one market. That's the idea. It spreads 00:09:54.480 --> 00:09:57.220 the risk. And related to that is the idea of 00:09:57.220 --> 00:10:00.870 gold as a safe haven. Meaning? In times of major 00:10:00.870 --> 00:10:03.929 economic stress, market crashes, or geopolitical 00:10:03.929 --> 00:10:06.809 uncertainty, investors historically tend to turn 00:10:06.809 --> 00:10:09.610 to gold as a reliable store of wealth. It has 00:10:09.610 --> 00:10:12.490 that long history of being valued. So, stability 00:10:12.490 --> 00:10:15.350 in rocky times? Potentially, yes. It can offer 00:10:15.350 --> 00:10:17.909 a sense of security when other assets feel volatile. 00:10:18.169 --> 00:10:20.309 Okay, so hedging inflation, diversification, 00:10:20.450 --> 00:10:22.769 and stability. Those are compelling arguments. 00:10:23.070 --> 00:10:24.970 Now, the article touched on some practical questions 00:10:24.970 --> 00:10:27.820 people often have. The FAQs, yeah. Always helpful. 00:10:27.940 --> 00:10:30.000 Like, why do you need both a gold IRA company 00:10:30.000 --> 00:10:32.100 and a custodian? Don't they do the same thing? 00:10:32.580 --> 00:10:34.379 That's a great question. It can seem confusing. 00:10:34.740 --> 00:10:36.879 They have distinct roles, though. Think of the 00:10:36.879 --> 00:10:40.159 gold IRA company as the facilitator, especially 00:10:40.159 --> 00:10:42.500 at the start. How so? They usually help you set 00:10:42.500 --> 00:10:45.659 up the account, fund it, choose the medals, buy 00:10:45.659 --> 00:10:47.860 them, and coordinate everything. They're often 00:10:47.860 --> 00:10:49.980 the ones you interact with most directly for 00:10:49.980 --> 00:10:51.960 the purchase. OK, the setup and buying part. 00:10:52.080 --> 00:10:54.240 What about the custodian, then? The custodian 00:10:54.240 --> 00:10:57.320 is the official IRS -approved entity that actually 00:10:57.320 --> 00:11:00.399 holds the IRA assets, handles the required IRS 00:11:00.399 --> 00:11:02.799 reporting, and ensures compliance with all the 00:11:02.799 --> 00:11:05.779 rules, including arranging that depository storage 00:11:05.779 --> 00:11:08.419 we talked about. They are the legal trustee. 00:11:08.679 --> 00:11:11.600 So the company helps you buy, the custodian holds 00:11:11.600 --> 00:11:14.500 and reports. You got it. And Doug Young mentioned 00:11:14.500 --> 00:11:17.159 it's often smoother if the gold IRA company you 00:11:17.159 --> 00:11:19.159 work with already has a good relationship with 00:11:19.159 --> 00:11:22.299 the custodian they recommend. Less hassle. Good 00:11:22.299 --> 00:11:24.889 tip. Okay, another big question. Can I put gold, 00:11:25.129 --> 00:11:27.769 I already own say some maple leaf coins I bought 00:11:27.769 --> 00:11:31.610 years ago into my new gold IRA? The answer to 00:11:31.610 --> 00:11:34.330 that is almost always no. Really? Why not? The 00:11:34.330 --> 00:11:36.250 rules generally require that all assets going 00:11:36.250 --> 00:11:38.769 into the IRA must be purchased through the IRA 00:11:38.769 --> 00:11:41.350 structure itself via the custodian or facilitated 00:11:41.350 --> 00:11:44.029 by the gold IRA company. You can't just contribute 00:11:44.029 --> 00:11:46.220 metals you already possess directly. So it has 00:11:46.220 --> 00:11:48.639 to be a fresh purchase specifically for the IRA? 00:11:49.019 --> 00:11:51.559 Correct. It maintains a clear chain of custody 00:11:51.559 --> 00:11:53.740 and ensures everything meets the standards right 00:11:53.740 --> 00:11:55.799 from the start. Okay, that's crucial to understand. 00:11:56.299 --> 00:11:59.080 Finally, costs. What kind of fees are involved? 00:11:59.200 --> 00:12:01.759 Yeah, it's not free. You typically have custodian 00:12:01.759 --> 00:12:04.679 fees, annual account maintenance fees, then you 00:12:04.679 --> 00:12:06.860 have storage fees from the depository, which 00:12:06.860 --> 00:12:09.139 can depend on how much metal you have and where 00:12:09.139 --> 00:12:11.440 it's stored. Any other costs? There might be 00:12:11.440 --> 00:12:13.340 transaction fees when you buy or sell the metals, 00:12:13.860 --> 00:12:16.580 and the initial setup might have a fee. The article 00:12:16.580 --> 00:12:19.179 gives a ballpark for the Gold IRA company and 00:12:19.179 --> 00:12:23.000 custodian fees may be $50 to $150 per year, but 00:12:23.000 --> 00:12:25.820 storage can add more. you need to factor those 00:12:25.820 --> 00:12:28.100 ongoing costs in. Right, get a clear picture 00:12:28.100 --> 00:12:30.820 of all the fees up front. Okay, let's try and 00:12:30.820 --> 00:12:33.360 wrap this up. Key takeaways. I'd say number one, 00:12:33.559 --> 00:12:36.960 purity matters. 99 .5 % for gold generally, with 00:12:36.960 --> 00:12:39.600 that eagle exception. Higher for platinum and 00:12:39.600 --> 00:12:42.799 palladium. Number two, eligible forms are specific, 00:12:42.960 --> 00:12:45.940 bullion bars and government coins. No collectibles, 00:12:46.159 --> 00:12:50.039 new jewelry. Absolutely. Number three, Storage 00:12:50.039 --> 00:12:53.600 is mandatory in an IRS approved depository managed 00:12:53.600 --> 00:12:55.899 by your custodian. You don't hold it yourself. 00:12:56.500 --> 00:12:59.360 And number four, understand the roles of the 00:12:59.360 --> 00:13:02.740 gold IRA company versus the custodian and know 00:13:02.740 --> 00:13:06.460 you can't add gold you already own. Perfect summary. 00:13:06.679 --> 00:13:08.879 Getting those points clear is really vital if 00:13:08.879 --> 00:13:11.379 you're seriously looking into this. It all comes 00:13:11.379 --> 00:13:13.860 back to making informed choices for your retirement, 00:13:13.879 --> 00:13:16.710 doesn't it? Knowing these rules helps you decide 00:13:16.710 --> 00:13:18.970 if diversifying with gold is the right move for 00:13:18.970 --> 00:13:22.110 you and how to do it correctly. Exactly. It prevents 00:13:22.110 --> 00:13:24.090 potential headaches and penalties down the road. 00:13:24.389 --> 00:13:27.090 So maybe something for you, the listener, to 00:13:27.090 --> 00:13:29.669 think about. How might adding an asset like gold, 00:13:29.870 --> 00:13:31.889 something tangible and historically significant, 00:13:32.350 --> 00:13:34.649 fit into your own long -term financial picture? 00:13:34.830 --> 00:13:36.909 Yeah, maybe do a little research on how gold 00:13:36.909 --> 00:13:38.990 has performed during different economic times. 00:13:39.490 --> 00:13:41.809 Does its potential for stability appeal to you 00:13:41.809 --> 00:13:44.230 given your other investments? It's about thinking 00:13:44.230 --> 00:13:46.330 how that non -traditional piece might affect 00:13:46.330 --> 00:13:48.789 the overall strength and resilience of your retirement 00:13:48.789 --> 00:13:50.870 plan. Definitely worth considering. And if you 00:13:50.870 --> 00:13:53.129 are interested, the next step would be to look 00:13:53.129 --> 00:13:56.590 deeper into the specific IRS guidelines or perhaps 00:13:56.590 --> 00:13:59.470 research some reputable gold IRA companies and 00:13:59.470 --> 00:14:01.210 custodians to learn more about their services 00:14:01.210 --> 00:14:04.029 and fees. Get the specifics for your own situation. 00:14:04.470 --> 00:14:04.950 Great advice.