A gold IRA may not sound like the best choice for your retirement savings. However, if you’re interested in investing in precious metals, read more at www.raremetalblog.com/gold-prices-maintain-a-near-9-year-high/. It is one of the easiest and safest ways to do it.
Here are eight interesting facts about gold IRAs:
- Gold is a safe place to store your money.
Goldco Precious Metals offers secure storage in the form of physical gold and silver IRAs, as well as allocated and unallocated precious metals accounts.
- Gold has a long history as one of the most trusted and valuable assets on earth.
Gold is considered an international currency, with records showing gold was used as early as 600 BC in ancient Babylonian times for trade and commerce.
- Gold prices are rising and will continue to do so.
Gold has a history of increasing in value over the long term. For example, the price rose above $800 an ounce for the first time in 1980 before falling back during a period of recession – but then it steadily climbed again through the early 2000s.
- Gold is easily bought and sold.
Investing in gold has never been easier, thanks to the internet and online investing platforms. Gold can be bought or sold quickly using a variety of investment vehicles such as ETFs and mutual funds, making it easy for anyone to invest in this precious metal.
- Gold is easily divisible and transportable.
Gold can be divided into tiny pieces, making it easy to invest in gold without breaking the bank. It’s also easily transported from one place to another – a great advantage since you never know what currency might be worth more tomorrow than today!
- Gold is a long-term investment.
Investing in gold can benefit your retirement savings, particularly if you’re interested in precious metals like silver and gold but don’t want to support directly by buying coins or bullion yourself.
- Gold is a physical asset with intrinsic value.
Gold and silver coins can be used as legal tender in many parts of the world, even though they no longer serve that purpose here in the United States.
- Gold is a hedge against inflation.
Gold has been used as a currency for many centuries and will no doubt be around for many more to come – which means it can also serve as protection during periods of rising prices, such as we’ve experienced since the financial crisis in 2008.
In conclusion, gold is a great way to diversify your retirement savings, particularly if you’re interested in precious metals. The best part about investing in gold with an IRA? You get all the tax advantages that come along with it!