What is Gold IRA?
Gold IRA (Also known as a Precious Metals IRA) is an Individual Gold IRA Retirement Account in which physical gold or other approved precious metals are held in custody for the benefit of the IRA account owner.
It functions the same as a regular IRA, only instead of holding paper assets, it holds physical bullion coins or bars.
A small percentage of your portfolio dedicated to investing in Gold can help balance your portfolio and protect it when a recession hits a tangible asset like gold can help make the profitability and safety of your retirement portfolio far more attainable.
Including gold within an existing retirement account could improve investment performance by either increasing returns without increasing risk, or by reducing risk without adversely affecting returns.
The four precious metals allowed to be held in an individual retirement account are gold, silver, platinum, and palladium.
Since gold is the most commonly purchased of the four, the term “gold IRA” means a retirement account containing any combination of precious metals.
Other terms such as, “precious metals IRA”, “silver IRA”, or “platinum IRA”, are also frequently used.
Gold is accumulated for a myriad of reasons, including to hedge volatile stock markets, to offset fluctuating commodities prices, and as a safe haven against falling home prices.
To capitalize on consistent growth in value, gold has always proven the safest investment.
If you had purchased gold in 2001, you could sell that gold today making over 300% return on investment! Has your current retirement account performed as well as a Gold IRA would have?
Many individuals have old 401(k) accounts or other types of qualified retirement plans from previous employers such as a 403(b), 457(b), Thrift Savings Plan (TSP), annuities or pension plans.
These plans can be converted tax-free into a Gold IRA and/or a Silver IRA by requesting a rollover. Click Here to Request Your Free Gold Kit
Deciding to rollover your IRA or 401k to a Gold or Silver IRA is usually not a tough choice for most people.
What stops people from doing so is trying to find the best company to work with. Not all of them are created equally.