A precious metals IRA is an investment retirement account that contains precious metals instead of alternative investment options like stocks and bonds. This type of IRA was only recently introduced a few decades ago, but since its introduction, the price of gold has skyrocketed. This fact alone has clearly demonstrated that a precious metals IRA is the way to go, because every dollar added to it just might multiply by six or seven times once you’ve reached the age of retirement.
Many people have traditionally thought of gold as being a safe haven, but it is now being seen as much more than that by savvy financial advisers. These professionals understand that gold is not only a safe investment but a lucrative one. This is why many people are now turning to collecting physical precious metals in place of a traditional IRA.
There are many additional benefits to adding physical gold coins to your IRA as well. By doing so, you will have instant access to your savings so that you will have plenty of cash on hand in case an emergency situation ever happens to arise. Furthermore, gold protects investors over the long haul by mitigating losses in the stock and bond markets. When the rest of the stock market is crashing, you can be certain that gold is still maintaining its value. In fact, gold has always maintained its value throughout the thousands of years in which it’s been used. This is why many people are now confidently turning to gold to protect their IRAs going well into the future.