Scott R. Hillford
Author & Founder Gold Is Money 2
Disclaimer: Some or all of the companies reported here may provide compensation to us, at no cost to our readers. This is how we keep our reporting free for readers. Compensation and detailed analysis are what determines how companies appear on this website.
There is no question that the world economy has entered a period of uncertainty. Investors nervous about the future may be concerned about what to do with their limited funds, particularly their retirement funds.
In instances like this, an investment of at least some of your retirement funds in a Gold IRA offers many advantages. Investing in such an IRA allows you to achieve stability, hedge against inflation, and protect your limited assets.
That being said, investors who want to invest in a gold IRA have a massive series of options, as there are hundreds of available vendors from whom you can buy gold. This can be deeply confusing, and we're here to help. As such, here's an overview of buying gold from UBS and why you may want to look at potential alternatives.
Prior reading further, it is important to acknowledge that investing your savings is a not easy. When it comes to incorporating precious metals into your investment portfolio, how can you tell which companies are reliable?
After devoting extensive time and effort, we have conducted thorough research within the precious metals industry and compiled a selection of the most trustworthy companies.
Take a moment to read our list and determine if UBS has what it takes to make the list this year!
This lets you to quickly compare the leading companies in this field and select the one that aligns with your specific requirements and investment objectives.
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If you are even tangentially familiar with the world of finances, you have probably heard of UBS. UBS - once known as the Union Bank of Switzerland - is a massive financial institution that has been in existence since 1862.
Since its founding, UBS has been dedicated to providing financial services to individuals, with a particular emphasis on secrecy. In that capacity, UBS offers a vast array of services, including banking, wealth management, investing services, and much more.
The most recent iteration of UBS came in 1998 when the Union Bank of Switzerland merged with the Swiss Bank Corporation. As of this writing, UBS is the fifth-largest bank in Europe and one of the largest banks in the world.
Buying Gold Through UBS
As an investment firm, UBS offers an impressive range of potential investment products that allow an individual to invest. This includes investing in gold. UBS' most recent innovation is their UBS key4 gold, which allows investors to invest in gold through their smartphones.
The app itself is relatively intuitive and easy to use. First, an individual has to open an account with UBS. Once that is complete, investors can download and install the UBS Mobile Banking App. From there, individuals can navigate to the "UBS key4 gold" section, enabling them to buy and sell gold.
The premise behind the app itself is simple: It allows individuals to own physical gold that is then stored in a secure UBS vault. Individuals can then access this gold digitally or in person, just like they would if they bought gold through any other means.
As one of the largest operators of underground vaults in the world, purchasing gold through UBS allows individuals to buy gold in one of the most secure methods in the world. Ready to sell the gold? You can do so through this app. All you have to do is touch a few buttons, and the gold is sold, with the money deposited in your account.
What Isn't Available: A Gold IRA
That being said, there are disadvantages to buying and selling gold through this app. Chief among them: You cannot do so through an IRA. In fact, for all of its offerings, UBS does not offer individuals a gold IRA.
A Gold IRA IRA allows an individual to purchase physical gold that can then be used for retirement. Gold IRAs have many advantages: They allow an individual to take advantage of gold price increases without having to pay taxes, can help diversify retirement funds, and ensure that retirement funds will have some level of stability - even in the face of a changing economy.
Many investment firms allow individuals to invest in a gold IRA. Unfortunately, UBS does not, and while this app can allow individuals to buy gold, it won't count toward an IRA. This begs the question: Where can you invest in a gold IRA? Below are three potential alternatives.
Three Potential Alternatives
#1: Goldco - Readers Top Choice
Goldco is one of the top precious metal IRA vendors in the country. We have reviewed them before and found their offerings to be far superior to most other firms who deal in this area. Goldco offers numerous advantages over other firms, including:
Overwhelmingly positive reviews on an array of review firms, including TrustPilot, Google Reviews, the Better Business Bureau, and more. An array of precious metal products that you can put into your IRA, including gold and silver. Access to customer service experts through a wide variety of platforms, including phone, email, and live chat.
According to their website, Goldco is a privately held company that is located in the Los Angeles area. The company has numerous awards as a direct result of its long-standing activity and history in this area. Buying from them is easy: You simply have to open an account, fund the account, and then use their online platform.
Goldco also offers an impressive amount of free research, news, and information. This is important: Far too many companies try to keep their customers in the dark and force them to rely on company-exclusive information before making a purchase. Goldco takes the opposite approach:
They offer individuals an array of information and help them learn how to make sense of the research provided, trusting customers to make their own financial decisions and use Goldco in the course of doing so.
Finally, it is worth noting that Goldco offers an impressive range of gold and silver products you can buy outside of an IRA. This means that you can rely on their expert opinion and advice to purchase gold or silver for any reason.
As experts in this field whose sole business model involves gold and silver, you don't have to worry about getting lost within the organization or be concerned with them trying to sell you another product. Instead, gold and silver is their only business product, and you can use their services without fear of being upsold or forgotten in the crowd.
#2: Augusta Precious Metals - Best for Educating Clients
Another potential option for your gold IRA needs is Augusta Precious Metals. Like Goldco, we have reviewed this company before and found that they offer a series of potentially highly useful, lucrative, and affordable options.
A visit to their website immediately reveals one of their chief advantages: The website is sleek, modern, and easy to use. You can speedily navigate around the content to find what you are looking for.
Expanding the menu reveals a wide array of resources. Augusta offers gold and silver IRAs. They also offer various precious metal products for your purchase, including bullion, premium products, and coins that have been explicitly approved by the IRA for IRA investment.
This is an important point: IRA coins are more limited than regular coins. As such, you can only buy certain and approved coins for your IRA. It is quickly very clear that Augusta knows what coins are approved and where you can buy them.
What is perhaps most impressive is Augusta's resources and tools section. It is broader than almost any other resource section we have ever seen. It offers news, video libraries, a retirement and inflation calculator, and so much more.
This type of precious metal IRA exclusive content is VERY different than anything else we have ever seen on any website, and it's the sort of thing you can't find when you try to use a larger broker, like a UBS.
Finally, Augusta is also extremely transparent about who they are, what their history is, and what sort of competitive advantages they have. Their leadership, compliance, and About Us section is broad enough to ensure that anyone using their website has a solid idea about who they are and why they should spend their limited retirement funds with this organization.
#3: American Hartford Gold - Best for Bullion Purchases
American Hartford Gold is the third and final business that we recommend when you are considering your gold IRA needs.
Like the other two businesses we discuss, American Hartford Gold has a vast swath of advantages that may make you consider using them for your precious metal IRA needs.
Like other websites before it, American Hartford Gold provides a solid listing of resources that can help you get more informed about potential precious metal investments you can make. This helps you make informed decisions and get the information you need before making a larger investment.
Another major service differentiator between American Hartford Gold and the competition is their customer service nature. The reviews consistently cite the company's ability to provide world-class customer service as one of the items that make a very positive difference for potential customers.
This means that you can always have access to an agent who is familiar with your account and can help you make better financial decisions for your future. Finally, American Hartford Gold has the resources and expertise to match up their claims.
The company's website goes into extensive detail about who they are and why you should do business with them. It also discusses their numerous and frequent national news appearances, lending credence to the idea that this is truly an expert firm that can assist you in your retirement.
For all of the positive benefits of dealing with UBS, its failure to offer a gold IRA is relatively glaring. To that end, using any of the three above alternatives will ensure that you have access to top-quality gold.
Let our expertise and analysis help you before you invest your savings by reading our list of the best companies!
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