As a Senior Analyst at ITM Trading, oftentimes my clients, or my future clients, would ask me, “Should I buy gold bars?” My answer would vary. Sometimes the person on the other end of the phone had very little money liquid to invest. Sometimes they were more of a gambler than an investor, or they had unrealistic expectations about what gold bullion would do for them. In these two cases my answer was either “No” or “Not yet”. Other times I would speak to someone with plenty of liquidity and financial stability, and then my answer would often be, “You definitely need some gold, I can put together a precious metals portfolio for you that will diversify a portion of your wealth between gold bullion, and rare gold coins.” This conversation would sometimes go on for hours as we discussed financial strategies, timelines, realistic expectations, and the costs involved. My best clients always came to me well informed and self educated, but most always they had a list of questions a mile long, and a spouse that was usually either skeptical, or heavily convinced that the stock market was the only place to be.

When To Invest In Gold
I truly loved spending hours answering questions and providing a thorough education on the pitfalls inherent not only to the markets, but also the dangers of so called “safe” investments. When I could conference call with both a husband and wife, my job educating people about gold coins, rare gold coins and gold bullion was even better! There is a wonderful satisfaction in watching two people who love each other and are working towards common goals in life find wisdom and comfort in your work. When to invest in gold was always a topic. Sometimes tax situations prevented large moves into the rare gold coin market and my clients would elect to transfer some of their retirement accounts into a gold backed IRA because we could fund that account with an old 401k or IRA and buy gold bars and gold coins without incurring any tax penalties. When to invest in gold would also revolve around other factors, such as age. I helped one particular client build a unique portfolio specifically designed to pass on wealth to her grandchildren. For her we chose to invest in rare gold coins, and buy two of each coin we placed in her portfolio for these reasons:

1) Rare gold coins are considered a “Collectible” by the IRS, and in many if not all states they do not have to go through probate. Just like a mint condition baseball card or a Van Gogh painting, when it comes time to pass wealth on from one generation to another, you simply slide the rare coin across the table to your loved one, and tell them how much you have enjoyed sharing life with them.

2) By having 2 of each rare coin in identical condition, there would be no squabbling or mistaking who got what or if one’s share was bigger than the other one’s.

ITM Trading makes owning gold easy. What ever your reasons, when to invest in gold can vary just as what type of gold to invest in can vary. Let ITM Trading answer any questions you may have, we are here to be of service.