Company Name: Colorado Gold
Founded: No public record
Owners: Privately held company. Don Stott – owner
Better Business Bureau: Accredited Business since 1/11/2010. Click Here to Read the BBB Report
BBB Rating: A+ (as of April 2016)
Business Consumer Alliance: Not Rated. Click Here to Visit the BCA Site
BCA Rating: Not Rated (as of April 2016)
Trustlink: Not Rated. Click Here to Visit the Trustlink site
Trustlink Rating: Not Rated (as of April 2016)
Yelp: No Reviews. Click Here to See the Report on Yelp
Yelp Rating: Not rated (as of April 2016)
RipOff Report: 0 reports as of April 2016. Click Here to Visit the Ripoff Report.
0 complaints at the BBB in last 3 years, as of April 2016.
- Not rated by the BCA or Trustlink.
The Colorado Gold Rush
BBB: Rating of A+, 0 complaints
You can read the Regal Assets review here.
The other gold dealers are reviewed too. Read those reviews here.
Editor’s note: We want to be sure all the information on this page is current and correct. Let us know if you see anything that needs to be updated. We’ll update it. Thank you!
401k to Gold IRA Rollover
A 401k to gold IRA rollover presents the future retiree with several options to invest in his or her future in a safe and secure manner. A gold IRA is simply an investment retirement account backed by real physical gold, and not the dollar. While many investors do not yet fully appreciate the value of this investment type, there are many reasons you should consider it. Diversification is a powerful element of any investment portfolio. Physical precious metals have intrinsic value, meaning they do not rely on anything other than their own properties as a monetary metal for their value. Currencies can fail, sometimes quickly. Gold and other precious metals are true money and a store of value. To learn more about the benefits of a gold IRA request the free investment guide.
Many investors still believe that the price of gold and other precious metals is too volatile and they shy away from gold because of this. And while this is partially true, the physical gold holding offers long-term investment value that is much stronger than many other investment options out there. The long-term performance of gold makes the 401k rollover option a sensible way to diversify your portfolio and to invest your money.
401k to Gold IRA
Since gold bullion often moves in a direction counter to stocks (equities) or the mutual funds offered by various company plans, precious metals offer an excellent insurance like investment against a collapse in the Dollar or financial markets, helping the investor ensure a more robust retirement portfolio able to withstand turbulent economic events.
In addition, with gold’s current bullish long-term investment outlook, many investors recognize the upside potential and benefits of owning precious metals. With a 401k retirement savings account, you can convert it to a gold 401k. In the process, you will gain exposure to gold with no cash out of your plan.
401k to Gold IRA Rollover: How it is Done
The path followed to convert a 401k to a gold IRA will depend on the investor’s current situation.
For instance, if your 401k is from a former employer (company or companies you no longer work for), then you can first rollover your funds into a self directed IRA. Once these funds have safely been deposited into an IRA you may utilize them to purchase gold, silver or platinum. You need to work with and select a trusted custodian to help you accomplish this. They will help you complete such a transaction step-by-step. Get the free IRA investment guide by clicking on the link above.
For those who still work for an organization that hosts their 401k account, it is still possible to release those funds to a gold IRA rollover. This option, known as “in-service distribution”, is not a loan, but an actual distribution of funds that may be rolled over (in 60 days) to a self-directed IRA without suffering any adverse tax consequences. However, you may have to speak to your current 401k provider and ask if the plan accommodates an in-service distribution. If the answer is “yes”, ask how you can get started and they should be able to guide you through the entire process.
Formally Requesting your Employer Allow Gold Holdings
For a company 401k plan that does not provide an in-service distribution option, there are a few additional options available. You may contact your company’s HR department or plan administrator and request that gold be included in the 401k plan. Your plan administrator may work with a trusted precious metals vendor of your choice in an effort to add the option to your company’s 401k plan. If done successfully, this will also benefit other employees of your company as well.
Owners Take Charge with Gold 401k
Owners of a company can greatly benefit by starting a gold 401k plan for their company. In fact, both the company owner and employees can easily perform a 401k to gold IRA rollover. Each person can then rollover their retirement funds into the firm’s new physical gold savings plan.
Hedging the Risk
Just as with any other investment, gold also has its risks. Understanding the risks, as well as how to hedge and mitigate the potential risk, is crucial. Over the years, gold has been used to hedge against potential high rates of inflation and currency fluctuations, and this use as insurance will continue to attract investors into the future.
Gold and other precious metals are also seen as a hedge against another downturn in the economy such as was experienced during the financial panic of 2008.
Consider the length of time before you retire to help you decide the percentage of your 401k that you might want to roll over into a gold IRA. For instance, if you are in your early 20’s and just starting your career, you may consider switching as much as possible to take advantage of the currently suppressed gold and silver prices while monitoring the market over time. If you are very near retirement, a smaller percentage investment in gold would make sense, unless you suspect an economic collapse is imminent.
Gold and silver periodically do an accounting where the prices of gold or silver adjust to the amount of fiat currency that has been printed. These are historically short bursts in the price of gold or silver during times of turmoil and structural adjustment. Holding gold and silver when that happens enables the wise investor to take advantage of the price jump, especially if the prices over-correct from a period of manipulation and price suppression. Many analyst and investors believe just such a price manipulation and suppression has happened over the 2011-2014 time period. The price correction from a manipulation or suppression can appear to look a bit like that of a ball held underwater and then released… when it is let loose to rise it often over corrects before settling to the surface. Timing such a price peak is very difficult. Some investors recognize the potential for gold and silver to experience a rapid price adjustment in a period of financial turmoil. While the value of stocks and currencies might rapidly decline during such a period, the hope is that gold and silver will move strongly in the opposite direction, preserving wealth and perhaps creating a tremendous wealth increase for the wise investor who recognizes when to sell his or her gold or silver at or near the peak.
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