Before you setup a gold IRA, you should know the pros and cons of investing in gold within an IRA. There are some real benefits to setting up a gold IRA, but their are some negatives that you should be aware of. Most investors are comfortable holding their gold or other precious metals within a gold IRA for their future retirement, but their are some investors that prefer to have physical possession of their precious metals at their home or within their local bank.
A gold IRA is an excellent opportunity to diversify your investment portfolio. You should have 10% to 20% of your retirement investments in precious metals. If their is a financial crisis, a weakening of the US dollar, a major disaster or even government instability, then you need to have some of your precious metal assets in a gold IRA. Gold and silver are considered safe haven assets that normally keep their value during a financial crisis or a major disaster.
Pros of Investing in a Gold IRA:
Cons of Investing in a Gold IRA:
The benefits of investing in a gold IRA outweigh the negatives. We highly recommend that you setup a gold IRA to diversify your retirement portfolio and to keep your investments safe. If you don’t know anything about setting up an IRA, then check out the various sections of our website to find out more. When you are ready to setup a gold IRA, then you should contact one of the recommended gold IRA companies that are featured on pages throughout this website.