The Benefits of a Gold IRA
An individual retirement account, or IRA, is one of the most common ways for people to save for their retirement. Because they aren’t linked to an employer like a 401k is, they are entirely under your own control. With that control comes options, including how you invest in your IRA. An increasingly popular approach to IRA funding is through gold. By using gold for IRA, people can invest in a sustainable and reliable way for their savings.
If you have an IRA or are serious about saving for retirement, then a gold for IRA approach may work. Here are a few benefits of investing in a gold IRA and how our team here at Century Gold can help you maximize your investments for retirement.
Advantage #1: Diversification
Precious metals like gold interact with markets in a different way than traditional paper stocks and currencies. It means that you will have investments that are separated out and offer you true diversification that you can’t find in other investment strategies.
Advantage #2: Proven profitability
Did you know that gold quadrupled in value per ounce between the years of 2000 and 2017? Per ounce, gold traded at roughly $200/ounce. By 2017, it was up to $1,200. That is a five-time increase, something you rarely find in traditional stocks without a lot of risk. Gold is a particularly stable investment that has historically proven reliably profitable, which is an important consideration when you are looking at a long term, stable investment like your retirement IRA. Choosing a gold for IRA strategy is an investment in a more predictable and potentially more profitable future.
Advantage #3: A potential protection against inflation
Gold and other precious metals tend to move in the opposite direction of paper assets, making it a fantastic insurance policy against inflation. In times like these, inflation is eating into people’s future investments, having something that hedges your bets can be a practical move.
Advantage #4: Gold always has value
When you invest in paper stock, there is always a chance that its value will go completely up in smoke, along with the money you used to buy it. But with gold, you are buying a precious metal that has consistently held value for centuries. That means you have far less risk of losing substantially, which is a safe bet for your retirement savings.
How to get started with a gold for IRA strategy
If you’re interested in starting an IRA in gold, then you have come to the right place. The team here at Century Gold has helped many people set up and manage their gold for IRA accounts. Our team can handle everything, you will just need to make a few key decisions and we will handle the rest. Since gold always holds value, it makes a fantastic investment opportunity for your retirement. Help avoid some of the risk and maximize your investment by talking to our team here. We can walk you through every step and make investing in gold for your retirement simple.