4 Benefits of Opening a Precious Metals for an IRA for Your Retirement Savings
A precious metals IRA is a type of self-directed retirement account that allows people to invest in gold, silver, platinum, and palladium. Precious metals accounts are popular because they offer more privacy than traditional 401ks or Roth IRAs. They also offer the potential for higher returns than other types of investments. This blog post will explore the benefits of opening a precious metals retirement account!
Precious Metals Are a Tangible Asset That Can’t Be Hacked
Precious metals are tangible assets that can’t be hacked. Unlike the stock market, where digital information is traded on a day-to-day basis with little oversight, precious metals are dealt in person and their authenticity verified by an expert before purchase.
Precious Metals Have Low Correlation With the Stock Market
Precious metals have a low correlation with the stock market. This means that they’re a good way to diversify your portfolio against downturns in the economy or financial markets, or volatility.
Gold and Silver Prices Are Historically Stable
Gold and silver prices are historically stable. In the last hundred years, gold has only been more expensive than its current price twice–once in 1980 when it spiked to $850 per ounce due to inflationary pressures and again after September 11th, 2001 when investors fled stocks for safe havens like gold.
You Can Diversify Your Portfolio by Adding Precious Metals Like Gold, Silver, or Platinum to Your Investments
The prices of these assets are not correlated with stocks and bonds in the way that other financial products typically are; they have a low risk and high reward potential because their value is based on supply and demand.