Why Open a Gold Ira? Here Are 4 Reasons
You have numerous retirement savings options to choose from, so why should you decide to open a gold IRA? Here are four reasons you should consider carefully.
Bonds might not offer the yields you hoped.
Although bonds are a popular retirement solution because they usually present lower risk than stocks, you may want to consider their yield upon maturity. Also, you may want to consider what kind of protection they offer against inflation.
You have inflation protection.
Even if you don’t trust banks and instead choose to hold your cash in a safe in your home, you’re still vulnerable to rising inflation. The $10,000 you squirreled away will still be there in 20+ years, but that same $10,000 won't have nearly the same purchasing power!
Gold, on the other hand, has historically maintained the same buying power, so the value of your savings will remain relatively the same over time.
Rising gold value is tax-deferred.
When you opt to roll over retirement savings from a traditional IRA or 401(k) into a traditional gold IRA, you can do so without accruing penalties.
Gold has been the monetary standard for all of human history.
For thousands of years, gold has been a universal symbol of wealth and stability. There is no currency system anywhere in the world that can match gold as a source of prosperity.