Pros & Cons of a Gold IRA

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 retirement, but their are some investors that prefer to have physical possession of their precious metals.

Gold IRA

A gold IRA is an excellent opportunity to diversify your investment portfolio. You should have 10% to 20% of your retirement investment 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 retirement in a gold IRA. Gold and silver are considered safe haven assets that normally keep their value during a major crisis.

Pros of Investing in a Gold IRA:

  • Hedge against inflation
  • A low risk investment
  • Reduce your tax burden
  • Low start-up costs

Cons of Investing in a Gold IRA:

  • No interest or dividends
  • Storage and other fees
  • Funding Restrictions
  • May not yield any profits

IRA Approved Gold Coins

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 investment safe. If you don’t know anything about setting up a gold IRA, then check out the various sections of our web site. When you are ready to setup a gold IRA, then you should contact one of the IRA companies that are featured on this site.