Company Name: Modern Coin Mart
Founded: Launched in 2004
Main Office Location: Lakewood Ranch, FL 34240
Owners: John Maben, CEO
Better Business Bureau: Accredited Business since 10/23/2007. Click Here to Read the BBB Report
BBB Rating: A+ (as of April 2016)
Business Consumer Alliance: Not Rated (as of April 2016) Click Here to Visit the BCA Site
BCA Rating: Not Rated. (as of April 2016)
Trustlink: No Report (as of April 2016) Click Here to Read the Report on Trustlink
Trustlink Star Rating: Not Rated (as of April 2016)
Yelp: 1 Reviews (as of April 2016) Click Here to See the Report on Yelp
Yelp Rating: 1 of 5 stars (as of April 2016)
RipOff Report: No reports as of April 2016. Click Here for the Ripoff Report.
0 complaints at the BBB in last 3 years, as of April 2016.
Not Reviewed or Rated by the BCA or Trustlink (as of April 2016)
Modern Coin Mart video
BBB: Rating of A+, 0 complaints
The Regal Assets full review is here.
Read the reviews of the other precious metal dealers here.
Editor’s note: If you see any information on this page that needs to be updated please let us know. We endeavor to keep all the information on each company up to date.
Gold in IRA
Failure to invest for retirement is one of the more painful tragedies that can happen to any person. With the current economic crisis, saving for retirement alone is not enough. Saving wisely is a necessity. Investing in paper assets alone is not such a wise decision. Currencies are vulnerable to market corrections. They easily and sometimes quickly lose value. Diversifying your retirement investments is important. You need to establish a solid retirement portfolio. A strong retirement portfolio includes a Gold backed Individual Retirement Account. Here are some of the benefits you will get just by having physical gold in an IRA.
Protection from inflation
You can choose to invest in stock, real estate, treasury bonds or even save in currency. The one thing all these have in common is that they are vulnerable to inflation and deflation. In some cases such investments have fallen in value and have failed to bounce back quickly, often taking many years to recover from downturns. On the other hand, gold has intrinsic value and is a solid store of wealth. Even in the worst inflation case scenarios, gold maintains its intrinsic value. It has always served as a store of wealth.
Gold in a self-directed IRA enjoys the tax benefits afforded to IRAs. When you eventually cash in your gold IRA, you have to pay tax. However, this tax is deferred until you have reached retirement and your tax rates at that time in life may be lower than when working. Physical gold in a self-directed IRA is a great way to store wealth for your retirement.
Gold is highly liquid
Gold is one the most traded precious metals. Gold is traded all over the world every day. Over the years, it has maintained buyer demand and always has intrinsic value. When you place gold in an IRA, you enjoy the benefits of deferred taxes, allowing your investments to grow as strongly as possible. The good news is that gold is very liquid. You can sell it whenever you like. Though liquidity is not the first thing you should consider when deciding whether to invest in gold or not, it is an important factor. You do not want to invest in an asset that cannot easily be sold when you need your money.
Growing intrinsic value
Unlike fiat currencies, which generally lose value over time, gold holds its intrinsic value over time. The demand of the metal is constant while its supply constrained by the time and costs of mining and refining to create more gold. Gold deposits are are difficult to mine and refine and the costs of mining increase over time as currencies lose value or inflation rages. Additionally, many central banks are holding gold rather than selling it.
The steady intrinsic value of gold makes gold in an IRA a good retirement plan for any individual. It offers long term stability, safety and security. Physical gold held in an IRA diversifies a portfolio.
Provides a solid retirement plan
People invest so that when they retire their future is secure. This is why you need a solid retirement plan. One that will give you good returns and provide for your needs in your retirement years. Gold offers you many advantages. With gold in IRA, you have diversified your portfolio.
Never put all your eggs in one basket. Diversifying your investment portfolio will provide better wealth protection over time.
Physical gold in an IRA is an important addition to any retirement portfolio. It protects you from losses in paper backed assets. Make the wise decision today. Open a gold backed IRA account and strengthen your retirement portfolio.