Good Reasons For Owning Precious Metals IRA’S

Why Choose Precious Metals IRA’S

Investing in precious metals within an Individual Retirement Account (IRA) can indeed be an attractive option for many investors. Here are some good reasons for owning precious metals IRA’S:

Diversification

Precious metals, such as gold, silver, platinum, and palladium, offer diversification benefits. They tend to have low or negative correlation with traditional assets like stocks and bonds. Adding precious metals to your IRA can help spread risk and reduce portfolio volatility.

Hedge Against Inflation

Precious metals are often viewed as a hedge against inflation. When the purchasing power of fiat currencies declines due to inflation, the value of precious metals tends to rise. Holding them in your IRA can protect your retirement savings from the eroding effects of inflation.

Tangible Asset

Unlike many other investments, precious metals are tangible assets. Owning physical gold or silver coins and bars can provide a sense of security, as you have something concrete to hold onto in times of economic uncertainty.

Portfolio Stability

Precious metals can act as a stabilizing force in your portfolio during economic downturns and market crises. They tend to perform well during times of financial stress, which can help protect your retirement savings.

Long-Term Store of Value

Throughout history, precious metals have maintained their value over the long term. They have been used as a store of value for thousands of years, making them a reliable choice for long-term retirement planning.

Tax Benefits

Depending on the type of Precious Metals IRA you choose (Traditional, Roth, or SEP IRA), there may be tax advantages. For example, gains on certain types of precious metals held in a Roth IRA can be tax-free upon withdrawal, provided you meet certain requirements.

Portfolio Rebalancing

Precious metals can be used strategically to rebalance your portfolio. When other asset classes perform well, you can sell some of your precious metals to buy undervalued assets, helping you maintain your target asset allocation.

Global Economic Uncertainty

Precious metals often perform well during times of geopolitical tension or economic uncertainty. They are seen as safe havens, attracting investment when investors are concerned about the stability of financial markets.

Liquidity Precious metals are highly liquid assets. You can easily convert them into cash when needed, making them a flexible part of your retirement portfolio.

 Passing Wealth to Heirs

Precious metals held in an IRA can be passed on to your heirs, potentially providing a tax-efficient way to transfer wealth to the next generation.

It’s important to note that while there are many benefits to including precious metals in your IRA, there are also costs and risks associated with physical storage, potential market volatility, and the need for professional guidance to navigate the intricacies of Precious Metals IRAs. Before making any investment decisions, it’s advisable to consult with a financial advisor who can help you determine if a Precious Metals IRA is suitable for your retirement goals and risk tolerance.

What Will Become Of Gold In 2023?

• According to Bloomberg, gold is headed towards $2,700 by end of 2023
• Stocks are more overvalued now that at the peak of the 2008 bubble, when they crashed 37% in 10 days
• Inflation will pick up as the dollar is printed by trillions, and confidence in the US government is lost.
• Assets in banks are considered a liability under current Dodd Frank banking laws, your money is not protected
• The stock market is at an all-time high. Does that make any sense at all, given the economic reality?
• The St. Lous Fed projects 51% of small business are not going to survive the next 6 months
• The congressional Budget Office reports that the economy may not return to normal until 2030.
• Famed investor Jeremy Grantham explained,

“It is a stock market rally without precedent – the fastest in this time ever and the only one in history that takes place against a background of undeniable economic problems. If confidence breaks with stocks way overvalued, you are looking at substantial declines.”