Everyone wants their retirement portfolios to perform, but along with the prospect of gains comes the risk of loss. Protecting your portfolio can mean not only making smart investment choices but also diversifying your portfolio with more than just stocks and bonds. One way you can do that is by buying gold, silver, and other precious metals. Gold and silver have served as safe havens and stores of value for centuries, and their value today continues to rise. With the same advantages as conventional IRAs, gold IRAs help protect retirement savings from volatile markets.
3 Primary Reasons to Consider Adding Physical Gold to Your Portfolio Include:
1. Portfolio Diversification
You can diversify your portfolios with a variety of assets like stocks and bonds, mutual funds, and ETFs. But you can also invest in gold and other precious metals through a precious metals IRA.
Because of gold’s safe haven status, investors flock to physical assets during uncertain financial times, which can cause the price of gold to rise even when markets are declining. That can make gold a good choice for a well-diversified portfolio that gives you the stability you need during tough times.
2. Hedge Against Volatile Markets
Market volatility can impact your savings and investments. But a volatile market doesn’t mean you have to give up investing and protecting your assets.
In fact, owning gold in your portfolio or protecting your tax-advantaged savings with a 401(k) rollover could help you manage the ups and downs that come with a fluctuating market.
3. Gold Holds Its Value
Gold can be a good choice during good times and bad. It maintains its purchasing power over time, and can outperform other investments during times of economic uncertainty. If you’re looking for something that can help safeguard your wealth from the unknowns, consider looking into a gold IRA.
Learn How to Safeguard Your Retirement Savings with Gold
If you’ve been struggling to find a safe way to protect your retirement savings, a precious metals IRA could be the answer. No matter how many years you have until retirement, it’s never too late to start planning and investing.
Traditionally, IRAs have been a safety net for people without access to employer-sponsored plans like a 401(k). By buying gold through a precious metals IRA, you get the same tax advantages as any other IRA, but with the added security of owning physical gold.
If you’ve been considering buying gold as an investment, we know there’s a lot to learn. From the numerous benefits, to the rules for investing in gold, our Beginner’s Guide to a Gold IRA Guide is a one-stop resource to get the information you need to start making smart decisions with precious metals.