If you’re interested in protecting your wealth and safeguarding your investments so that you can enjoy retirement, you may want to look at the best gold IRA companies. By investing in a gold IRA account with physical precious metals such as gold and silver, you’ll be able to diversify your overall portfolio with hard assets that have been trusted for thousands of years.
Gold IRAs Give You Options
If you’re like many individuals who are close to retiring, you may have a portfolio that is weighted heavily in ETFs and stocks. When you own a gold IRA account, you have the option of including physical gold in your retirement plan. You can also include precious metals such as palladium, platinum and silver. When this is done by following the guidelines of the IRS, it allows you to reduce your tax burden and hedge against the devaluation of the US dollar.
The Benefit of Holding a Gold IRA Account
During times when the economy begins to show trouble and assets such as real estate, bonds and stocks become risky investments. In times like these, you may want to have a gold-backed IRA put in place as a hedge. This can help stabilize your portfolio if inflation is increasing. Gold can offer you protection as it tends to do better than other assets when the economy is stuck in a downturn.
Why Not Just Buy Gold Stocks?
While buying gold stocks or gold-related ETFs is an excellent way of hedging your investment portfolio, your assets are more secure when you invest in the best gold IRA companies and hold physical gold or other precious metals in your account. You won’t be relying on the factors that are associated with stocks such as management structures and the overall performance of each company. When you purchase and hold physical gold, the spot price is not affected by these types of factors.