Discover The Best Gold IRAs To Invest In

• Gold has historically been seen as a safe-haven asset, and this perception has carried over into the modern investment world.
• A gold-backed IRA is a retirement investment account that holds physical gold in physical form.
• Gold-backed IRAs are offered by Goldco and Regal Assets.

Gold has long been recognized as a safe-haven asset. However, the investment vehicle that houses gold is far from safe. There are important factors to consider before investing in a gold-backed IRA. According to a 2017 report by CNBC, the precious metals industry has witnessed a 12% increase in demand amongst millennials. Gold IRAs, in particular, are growing in popularity amongst these younger investors as they seek to diversify their retirement portfolios. Gold prices tend to remain more stable than the prices of more traditional assets, such as stocks and bonds.

Gold IRA Investments

Gold IRAs allow you to save for retirement with a physical investment in gold. Gold IRAs have the same tax benefits as traditional IRAs. Gold IRAs are self-directed, which means you decide where the gold is stored and the custodian or trustee for the account.

Benefits of Gold IRAs

Investing in gold is a popular long-term strategy because gold often has higher returns than some other types of investments, and its price changes less rapidly than many other types of investments.
Investing in gold is also very popular because it can make it easy to hedge against inflation. While prices of gold do fluctuate, its relative value tends to remain constant, which helps investors protect themselves from inflation.

Types of Gold IRAs

There are two main types of gold IRAs: self-directed IRAs and custodian IRAs.
Self-directed IRAs are IRAs that are controlled by an individual investor, whereas custodian IRAs are IRAs that are controlled by a trustee-usually a bank or a brokerage firm.
The trustee of a self-directed IRA will control the account, and the investor typically has no direct access. The trustee of a custodian IRA, however, typically gives the investor access to the account, but the trustee still controls the account.

Gold Mutual Funds

A mutual fund is a professionally managed portfolio that invests in many types of securities like stocks, bonds, and mutual funds. If the fund holds a portfolio of stocks, it is called a common stock. If it holds a portfolio of bonds, it is called a fixed income fund.
A gold mutual fund can be bought through a broker or dealer. Unlike stocks and bonds, gold funds are usually only available as mutual funds. Other investors who own shares of gold mutual funds include other mutual fund investors, who are known as mutual fund shareholders.
Some gold funds offer daily or monthly gold prices, while others offer weekly or monthly prices.

Gold ETFs

There are many gold ETFs for IRA accounts. Each gold ETF that invests in physical gold has a different fee structure, but all of them have very low fees.
The iShares Gold Trust (IAU), the ETF with the most assets under management (AUM), currently has a management expense ratio (MER) of 0.18%. The iShares Gold Trust (IAU), the ETF with the most assets under management (AUM), currently has a management expense ratio (MER) of 0.18%.
The SPDR Gold Trust (GLD), the ETF with the most AUM, currently has a MER of 0.35%. The iShares Silver Trust (SLV), the ETF with the most AUM, currently has a MER of 0.22%.

Gold IRA: Should You Open One To Save For Retirement?

The Bottom Line

Gold bullion is a viable alternative to stocks and bonds, and its popularity as an investment vehicle continues to rise. While precious metals are not for everyone, savvy investors can profit from the volatile nature of the gold market if they know how to trade.