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The rise in gold prices over the past couple of years is a clear sign that Americans have started to look to precious metals for protection during difficult economic times. Individual retirement accounts now have the option to include gold and other precious metals in their portfolios thanks to changes made by Federal statutes governing IRAs. Millions upon millions of Americans have made the decision to invest at least a part of their IRAs into gold and have watched their account values soar. Gold IRAs offer the security and stability that gold can provide, while still staying within the overall retirement account structure. Come and visit our website search it on gold ira storage fees you can learn more.

It's also known as diversification

To make sure your investment in gold IRAs is successful, you need to keep your account well-diversified. While many people are tempted to go for extremes in their portfolios, such as choosing to hold too many stocks or too many CDs, the idea behind managing your account well is to achieve equal amounts of safe growth and greater returns. While certificate of deposit provides secure growth, they offer a lower rate of return than riskier investments like stock buying. A gold IRA can give you that additional element of security and growth for your overall fund portfolio.

Stability comes from gold

One of the greatest benefits of a gold IRA is that it guarantees that most of gold's value will be retained. It will always fluctuate according to market forces, but there is a limit below which gold cannot be expected to fall. This makes it much safer than your average stock purchase while still giving you the opportunity to grow when gold prices go up. Therefore, a gold-backed IRA is one of most secure ways to plan for retirement.

Which gold can be accepted?

Not every kind of gold can be used within a gold IRA, as you might imagine. The IRS has established rules that limit the amount of gold that can be owned within an IRA account. The fineness of gold bars must not be less than 0.995 and the fineness of gold coins must not exceed 0.999. It means some gold coins, such as the Gold Eagles and foreign coins, are not allowed to be included in a IRA plan for gold.