Are you looking for a way to diversify your retirement portfolio beyond investing in corporations that are subject to the whims of the market and forces of inflation? If so, you may want to consider a little-heard of IRA called a self-directed precious metals IRAs.
Precious metal IRAs have all the tax benefits associated with traditional IRAs. The only difference is that with a self-directed IRA, you can invest directly into the precious metals of gold, silver, palladium and platinum.
How does it work? You find a precious metals dealer who works with what is called a “custodian organization.” You fund your account and buy precious metals from the dealer, which are then stored by the custodian organization and counted as part of your IRA portfolio.
Investing in gold and silver can be a good way to hedge your bets against potential market fallouts and inflation. Take, for example, the market crash of 2008 when, while people watched their retirement portfolios slip away, gold rose to an all-time high.
It’s definitely at least worth considering adding a gold IRA to your retirement portfolio.