LOS ANGELES, March 16, 2017 /PRNewswire/ -- American Bullion Inc. is honored to be selected as both the '2017 Bullion Dealer of the Year' and 'Top Gold Retirement Specialist' of 2017 by Bullion Directory (http://bullion.directory/bullion-dealer-of-the-year-2017/). American Bullion was chosen to receive the honor among a peer group of 35,000+ unique investors. American Bullion is one of the pioneers of the Gold IRA business, dating back to 2009. Their reputation in the IRA business has harvested competition among reputable US bullion dealers throughout the years.
A Gold IRA is one of the best ways to protect retirement assets. Not only can it increase in value like any other investment, but also for safe haven protection reasons, financial planners frequently recommend that a comfortable portion of a retirement portfolio to be invested in physical precious metals. Due to the increasing number of economic concerns, both domestic and global, many are pushing the investment portion higher today. Many stock brokers will suggest that precious metal ETF's can accomplish the same level of protection without the expense of a depository, but if you read the ETF fine print, you'll come to realize that in the event of a cataclysmic economic occurrence, nothing could be further from the truth.
A Gold IRA is an investment opportunity created and implemented as an element of the Taxpayer Relief Act of 1997. The Act broadened the permissible types of investments allowed in IRAs, by including a variety of products consisting of gold, silver, platinum, or palladium that meet strict fineness ratings. In order to comply with IRS requirements, all IRA's, including Gold (precious metal) IRAs, must be in the possession of a trustee or custodian. Specifically, IRS Publication 590 states that, "The trustee or custodian must be a bank, a federally insured credit union, a savings and loan association, or an entity approved by the IRS to act as trustee or custodian." Precious metals brokers accustomed to dealing with IRAs will have an existing network of IRS-approved custodians and depositories. Many people use private depositories, which are typically approved and utilized by various commodities exchanges, for both segregated and non-segregated storage. Such depositories maintain very large insurance policies and security features that may include; 24/7 monitoring, motion, sound and vibration detectors, and timed/automatic re-locking features, just as an example.
American Bullion was founded in 2009 by two veteran precious metals traders. The company is known as 'the pioneer' and a trusted leader in adding precious metals to your Individual Retirement Account. American Bullion specializes in converting existing IRA, former 401(k), or other qualified retirement plans to gold or other precious metals. They also specialize in providing investors with a wide range of physical products delivered safely and securely to their doors.
The recent award given by Bullion Directory is a testimony to the quality and security American Bullion continues to provide their customers in 2017 and beyond.
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SOURCE American Bullion, Inc.