First Apmex Purchase - Did I Screw Up? Gold IRA question too!

Betty King

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First Apmex Purchase - Did I Screw Up? Gold IRA question too!

betty_king📊Growing (50-100k)

about 10 hours ago

Key Takeaways

•Okay, so I finally pulled the trigger on some physical gold from Apmex.
•Been wanting to diversify out of the market for a while now, especially with all the volatility lately.
•I bought a 1 oz American Gold Eagle and a 1 oz Canadian Gold Maple Leaf – felt like a good starting point.

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Okay, so I finally pulled the trigger on some physical gold from Apmex. Been wanting to diversify out of the market for a while now, especially with all the volatility lately. I bought a 1 oz American Gold Eagle and a 1 oz Canadian Gold Maple Leaf – felt like a good starting point. Total was about $4200, which felt like a hefty chunk of change but also like I'm finally doing something concrete to protect what my late husband worked so hard for. I'm in Raleigh, and the thought of having some real, tangible value here just makes me feel a bit more secure. Shipping is supposed to be here next week. Is it normal to feel a bit anxious after such a big purchase? Did I pick the right coins for a first timer?

My bigger question, though, is about an actual Gold IRA. My husband, bless his heart, left me with a decent chunk of change, probably around $70k when you combine a few different accounts, and it's mostly in stocks and bonds. I'm just so nervous about another downturn. I've been reading about Gold IRAs and it seems like a smart way to get some direct exposure to precious metals without having to store huge amounts at home. I’m thinking about rolling over a portion of that $70k, maybe $20-30k, into a Gold IRA.

Are there specific companies people here have had good experiences with for Gold IRAs? I’m seeing names like Augusta Precious Metals, Birch Gold Group, and Goldco thrown around a lot. What kind of fees should I expect? I really need something straightforward and reputable, since this is such an important part of protecting his legacy. Any advice on what to look out for, or pitfalls to avoid, would be incredibly helpful. I just want to make sure I'm doing right by him. Thanks in advance for any insights!

4 comments

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Best Answer▲ 7 upvotes

andrew_roberts👑Elite (1m-5m)

Oh man, I totally feel you on the "did I screw up?" feeling after a big purchase like that, especially with gold. I remember when I first bought a few ounces, I was refreshing the spot price every five minutes for a week straight, convinced I'd bought at the absolute peak. Spoiler: I hadn't. Sounds like you made some solid choices with those Eagles and Maples, those are classics for a reason. Good luck with the IRA side of things too!

Comments (4)

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•about 5 hours ago

daniel_wright💎Premium (500k-1m)Real Investor✓ Verified•about 5 hours ago

Nice! AE and Maple are solid choices. Just curious, what made you go with Apmex over some of the other gold dealers out there for your first purchase?

helen_turner💰Established (100-250k)Real Investor•about 5 hours ago

Hey, congrats on your first purchase! Those are solid choices, the ASE and Maple are classics. But just a heads up, for a Gold IRA, you generally can't hold physical gold yourself. Those need to be stored with an IRS-approved custodian. So while those coins are great for personal stacking, if your *main* goal was for an IRA, you'd be looking at a different process altogether. Might be worth clarifying what you meant by "Gold IRA question too!" if that's what you were thinking for these particular coins.

joyce_cooper📊Growing (50-100k)✓ Verified•about 5 hours ago

Hey, congrats on the Apmex purchase! Those are classic choices, you definitely didn't screw up there. Sounds like you're on the right track diversifying.

Since you mentioned a Gold IRA, a super helpful resource for checking which specific coins/bullion are IRA-approved is the IRS's own list. It’s pretty comprehensive and can save you a headache down the line when you're looking to fund that IRA. Good luck!

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