If you’re like most investors, you sock some funds away each month towards your retirement using an instrument such as an IRA. With tax-free contributions and a history of stable growth, IRAs are a common sense choice, but what many investors have overlooked is the potential of supplementing an IRA with gold investments. That’s right: IRAs can be backed not just with stock purchases, but with gold. We’re here to tell you more.
The Stability of Coinage
One of the biggest reasons why you might want to consider an IRA gold investment is the stability of coinage and precious metals as an investment. Part of the big appeal with IRA accounts is that they are connected to index funds which are generally regarded as some of the most diversified, slow-moving, and safe investments out there, reliably returning around 7% on one’s investment each year. However, even index funds are susceptible to massive downward trends in the market, such as those we’ve been experiencing over the last several years. Doesn’t it make sense then to ensure that your retirement instruments are backed by the most stable commodities they can be?
Diverse Options for Your Future
IRA gold investments make sense from the perspective of stability, but they also make sense as a means of diversifying your retirement portfolio. The whole point of an IRA, as stated above, is to diversify those investments in order to have as safe an outcome as possible. Therefore, diversifying beyond the traditional market and into physical commodities such as precious metals only serves to further accomplish this important investment goal.
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