It shouldn’t surprise anyone to learn that consumers, particularly American consumers, have fallen in love with the American Buffalo Gold coin. What makes this gold coin so special? There are a few things that make the gold investment very special and important, but in particular, it provides big advantages to gold IRA and gold 401(k) account holders looking to invest in this commodity for their retirement.
But even more important, it’s extremely popular, the purity levels are nearly 100% pure, which is important for IRA approval, and it has beautiful images on the front and back which make it valuable to collectors as well. They love beautiful designs because gorgeous coins are prized by many collectors and investors alike.
Are you ready to find out more reasons why consumers flock to the American Buffalo Gold coin? Stick around a little longer to find out the truth.
Never Again Worry about IRS Approval with the American Buffalo Gold Coin
Gold IRA investors always have to worry about IRS approval when purchasing gold coins for their precious metals account. Why? They do not want to accidentally buy a nonapproved coin and get stuck with it without being able to own it as part of their retirement account for the future.
Buying coins that do not have gold IRA approval basically defeats the purpose of having this account, and it forces you to personally keep your gold at home in a safe instead of keeping it securely stored in a dedicated vault managed by a security company.
Why do you never have to worry about IRS approval? Well, the American Buffalo Gold coin meets the approval levels set forth by the IRS. This takes the guesswork out of trying to find the right precious metal to add to your retirement account to grow in value for the future.
So, you can successfully create a precious metals IRA account and begin buying American Buffalo Gold coins immediately, and reap the big benefits over the years when this valuable commodity continues to grow and gain additional value as time goes by. You can then cash it in once you become 59 ½ years old or older because that is the distribution retirement age for this specific account.
Think about this for a second…
Since the purity requirements are so strict, and I’ll talk about that more next, it isn’t always easy to find silver, palladium, gold, and platinum coins, rounds, and bars that have received IRA approval from the Internal Revenue Service.
That’s why investors like to stick to well-respected American coins that they know, like, and trust. And they know that they’ll have no trouble adding them to their retirement accounts because they’ve already been approved, they are very pure, and many investors seek them so they are valuable commodities as well.
Pro Tip: are you planning to open a precious metals IRA in the future? At a minimum, you’ll need $5000 to deposit when you first open your account with the most precious metals dealers. Some dealers asked for even more than $5000, but this is typically the smallest amount you can deposit with respectable brokers.
Afterward, whenever you need to make another purchase in this account, you’ll have to do so in $1000 increments. Please keep this in mind as you begin your gold IRA investing journey.
The American Buffalo Gold Coin Received Approval for Precious Metal IRA Accounts Because It Meets Purity Requirements
Another reason to consider buying the American Buffalo Gold bullion coin is that it’s pure enough to own in your precious metals IRA account according to the IRS.
Their purity requirements are as follows: all gold coins must be 0.995% pure, because otherwise it does not meet the purity levels of approval.
Do you know how pure the American Buffalo Gold coin is? It’s 24 karat gold, which means it has a .9999 level of purity. This is more than enough to surpass the needed levels to receive approval.
In fact, the West Point mint in the United States first created this coin in 2006. They made it this pure specifically so that it would be allowable in gold IRA accounts.
This is a great thing for precious metals IRA investors.
The Value of Gold Is Off the Charts
Another important reason to buy American Buffalo Gold coins is the value of gold is going through the roof lately. Believe it or not, in the past two years investors could have paid $1200 per ounce for gold in early 2020, and the same gold investment is now worth $1900 per ounce, or close enough to it.
Does this sound like a lucrative investment? It certainly is, and it’s the reason why so many retirement investors are beginning to open a precious metals IRA account. They have the opportunity to purchase a valuable commodity that has great interest and continues to steadily rise in value throughout the years.
Because remember, gold has amazing long-term prospects even though the price is moving up precipitously in the near term. In the past 50 years, as an example, gold has risen by more than 400%. This is nothing to sneeze at my friends!
And last but not least…
American Buffalo Gold Coins Are in Demand
More than anything else, when you purchase an investment, you need to make sure that it is in demand. And because the American Buffalo Gold coins are so pure and so valuable and have such beautiful pictures on the front and back, you can bet your bottom dollar that the investing world wants to get their hands on them.
So, you should feel good knowing that gold – and in particular American Gold Buffalo coins – are highly valued and they are in high demand.
Even more important, gold is becoming rarer throughout the years because gold miners are finding less of this precious metal each year. That makes gold more valuable than you could ever imagine.
It’s never a mistake to buy American Buffalo Gold coins. And when you do so, buy them for your retirement within a precious metals IRA to make the most of this investment and receive tremendous tax benefits at the same time.
Danis Woods in Businessman, investment banker and stock exchange traders. On the same time he loves writing financial blogs to shed lights on different aspects that new and existing businessman are not aware of.