As gold has seen impressive growth over the past few years, many Americans now seek out the safety and security that precious metals can provide during difficult economic times. Visit holding gold in an IRA before reading this.

Individual retirement accounts now have the option to include gold and other metals within their portfolios after 1997’s changes in Federal statutes governing IRAs. Millions upon millions of Americans have invested some of their IRAs into the metal, and seen how their accounts have appreciated in value. You get security and flexibility while keeping your retirement accounts intact with a gold IRA.

This is called diversification

You can make a gold IRA a success by diversifying your investments with a mix of metals and stocks. Many people choose to invest in too many metals or too few stocks. However, the goal is to balance your portfolio so that you get equal amounts of safe growth. While certificates of deposit can provide secure growth at a lower rate than riskier investments, such as stock buying, it is still more reliable. An IRA gold holding will give you that extra element of growth and security in your overall portfolio.

The stable metal is gold

Gold IRAs are the best because it is certain to retain most of its value. Although it is likely that the price of gold will fluctuate depending on market conditions, it has a range within which it cannot be predicted to drop below. It is far more secure than a stock investment, and still allows room for growth should gold prices increase. The best type of retirement planning is the gold-backed IRA.

Which kind of gold is accepted?

Not all types of gold are allowed to be included in a gold IRA. According to current IRS regulations, only certain types of gold can be held in an IRA account. A fineness of gold bars cannot exceed 0.995, but gold coins can be as fine at 0.9999. Some coins, such as the Gold Eagles or other foreign coins, aren’t allowed to be included in a gold IRA.

Truth is, the stock market might never recover after its crappy days in the Nineties. Investors were taught a harsh lesson by the rise and fall of As stocks have been seen to be less reliable than ever and as a result, many are now turning to gold IRA options as a way to boost their retirement savings. Gold is a great investment because you don’t need to be concerned about which accountant has been working on your books.