Why Consumers Flock to the American Buffalo Gold Coin
As the title says, many Americans and consumers all around the world tend to flock to the American Buffalo Gold coin. And there’s good reason for this to take place, because as you can imagine, there are serious advantages to owning this specific coin.
How so? Well, not only is it incredibly popular, it also has a very high purity grade. This purity level means it’s almost entirely made of pure gold. And even better, it has a beautiful design, so this is a prized possession of coin collectors, investors, and everyone in between.
Keep reading to discover more about the American Buffalo Gold coin and learn why it’s such a hot commodity.
This Gold Bullion Coin Is Approved by the IRS for Precious Metals IRA Account
It shouldn’t surprise anyone to learn that gold IRA account holders are definitely in love with the American Buffalo Gold coin. Although many versions of this coin aren’t necessarily rare, they are approved by the IRS for your precious metals retirement account.
What does this mean?
It means that you can open a gold IRA and purchase American Buffalo Gold coins for this account, that will grow in value over time – many years in some cases – and then you’ll cash in and begin taking distributions once you reach 59 ½ years old at retirement age. This is a great way to grow your wealth very quickly throughout the years by investing in these valuable and highly sought-after gold bullion coins.
Because let’s face it…
In the grand scheme of things, there aren’t too many IRA approved gold, silver, platinum, and palladium coins to choose from since the approval process is very strict. So, it makes sense that investors would choose a highly respected American Gold coin to add to their retirement account coffers, since it has received approval, it’s very valuable, it’s incredibly pure, and it’s highly sought after as well.
Remember this: when you open a precious metals IRA account, you need a minimum of $5000 during the initial deposit to get started. Some precious metals brokers require even more money, but $5000 is a minimum requirement.
And whenever you make a subsequent purchase, you’ll need to purchase in $1000 increments, so that’s another important aspect to know about this type of retirement account.
This Gold Bullion Coin Meets IRS Purity Requirements
According to the IRS, their strict rules regarding physical gold for a gold IRA are as follows: the purity level must be 0.995%. If the gold coin does not meet this purity requirement, then you are not allowed to own it as part of your gold IRA account for your retirement.
The purity levels of the American Gold Buffalo, originally minted in 2006, is 24 karat and .9999, which is more than the requirement set forth by the IRS.
So, if you’re looking for a high-quality gold investment to add to your retirement portfolio whether it’s a gold 401(k) or a gold IRA, you definitely have the ability to add the American Buffalo Gold coin because it meets all purity expectations.
As a matter of fact, they originally created it in the West Point mint in 2006 specifically for gold IRA account holders, because they made sure it had the right level of purity to be considered nearly pure.
Isn’t that great for gold IRA investors? I certainly believe it is.
The Value of Gold Bullion Is Going through the Roof Lately
Even more important, gold investors looking to boost their retirement accounts need to realize that this is one of the hottest commodities going right now. The price might not swing wildly like cryptocurrencies, but it steadily gains value without all of the stress and turmoil that you’ll experience in the cryptocurrency market.
As an example, over the last two years the price of gold has risen from $1200 an ounce to nearly $1900 an ounce and climbing. I don’t know about you, but I would surely welcome a nearly 59% return on my investment in just two years.
I certainly hope so because this is a massive return and it’s a great way to make a lot of money to enjoy in your retirement.
But forget about the short-term gold prospects, which are really amazing. You have to consider that over the last 50 years, the value of gold has risen by about 400% or more.
This is the kind of investment that I personally love. It’s the kind of investment that I can purchase, forget about it for a while, and feel confident knowing that my investment is going to be worth a lot more money by the time I need to cash it in to support myself in retirement.
And if you would like to feel this way too, the opportunity is available to you as well. Just open a gold IRA account, deposit a minimum of $5000, and begin to purchase American Buffalo Gold coins and other IRA approved coins for this account. You can do that with the company we review here. They will grow in value by a wide margin by the time you’re ready to retire, unless you plan on retiring very soon.
Gold Is a Highly Sought-After Hot Commodity
Why is gold being highly sought after important? It’s critical because it means gold will continue to grow in value over time.
How do I know?
First, gold miners are finding less and less gold each year. This means there is a limited amount of gold left in the world, so this is a rare and precious commodity.
Because it’s rare and precious, many people including large countries want to get their hands on it. Since gold is one of the most respected forms of legal tender throughout the world, it makes sense to stockpile this beautiful precious metal and have it on hand in case you need it.
At the end of the day, many people want to own gold, it’s gaining value every day, and the American Buffalo Gold coin is well-respected and one of the top investments for gold IRA investors in the United States. You can’t go wrong purchasing this wonderful precious metal.