Many traditional equity investments have seen rapidly decreasing prices over the last several years. Since the passing of the Tax Payer Relief Act in 1997, you can now include fold and other precious metals as a part of your retirement portfolio holdings. As a result, many investors are turning to precious metals IRAs as a way to diversify their retirement investments against the roller coaster changes they see in their dollar denominated assets like stocks and bonds.
Why gold makes sense in your retirement plan.
Gold has long served as a store of value and is considered by many to be the ultimate retirement asset. There are many reasons to invest in gold but the biggest reason may be that gold is a "hard" asset, meaning that it has value in and of itself. Stocks, bonds, and even cash are categorized as "soft" assets because their value is dependent upon your faith in a third party to support the value of the asset. Gold is also universally recognized as being a hedge against inflation, a hedge against a weakening Dollar and a "safe haven" investment that increases in value when other dollar denominated assets are performing poorly. Gold moves in a counter cyclical relationship with U.S. stocks and bonds. Put simply, gold has historically tended to move counter to the direction of U.S. stocks and bonds more than other investment assets. This makes gold an excellent diversification tool for a portfolio whose major components consist of stocks and/or bonds.
Approved precious metals investments
Gold, Silver, Platinum and Palladium can all be placed into a precious metals IRA. Choosing which precious metal is right for your retirement account requires careful consideration. Call one of our knowledgeable account representatives today at 888-741-4549 to discuss the options available.
How to fund a precious metals IRA
Funding a precious metals IRA is fairly simple and does not take a large amount of effort or time. There are several national IRA companies that specialize in precious metals IRAs and Superior Precious Metals can help you choose which company is right for you. A telephone consultation is recommended if you do not already have a precious metals IRA set up. Call one of our knowledgeable account representatives today at 888-741-4549.