In 2019, one of the best ways to protect your retirement is to invest in a gold IRA. A precious metals individual retirement account usually includes gold together with other precious metals such as platinum, silver and palladium. A gold IRA works just as a regular IRA, with the difference being that you will hold and buy physical gold coins or bars instead of paper assets. Including physical gold in your retirement portfolio is more important than ever before. Unlike other assets, such as bonds, shares or savings accounts, which rely on individuals and corporations to enhance their value, gold has a value of its own that can only grow.
Until 1997, no one could benefit from a gold IRA in the US. However, since President Bill Clinton made it possible to do that, an increasing number of people are starting to choose a gold IRA. They all want to reap the benefits of a gold IRA, which are quite many.
Here are just a few benefits of a gold IRA:
1. Stability: gold is the most stable form of investment. If you include gold in your portfolio, you can rest assured that it is protected. Gold has always risen historically and is a safe-haven asset that many seek after.
2. Gain peace of mind: you can live your life happy and rest assured that you will be protected when retiring. You can keep your peace of mind even in times of economic turmoil, because gold does not lose its value as much as other assets when the financial markets crash.
3. Buy more gold when the price dips: of course, there are times when gold can dip. Those are the perfect times to buy even more of this precious metal and invest in your retirement. Many people use this investment strategy to increase their wealth.
4. Work with professionals: if your IRA account allows you to invest in gold, then you’ll be working with highly skilled professionals who know how to help you to maximize your investment and increase your wealth.
How to Get Started with a Gold IRA? To get started with a gold IRA, you need to know that you can have more than one IRA. You can have as many as you want. Thus, if your actual IRA do not allow you to invest in precious metals, roll over to another IRA. If you prefer, you can keep your initial IRA and also set up another one dedicated to gold. Start leveraging the benefits of having a gold IRA and put your retirement on good hands.