It has been clearly established that building a significant allocation in gold can have a dramatic impact on portfolio performance. This asset class not only has tremendous upside price potential but can also add much-needed diversification while also providing a hedge against inflation and a weaker dollar.
There are numerous ways to invest in gold but when it comes to buying the metal itself, investors really have two avenues: Pay with cash and store the metal yourself of purchase the metal within an IRA account.
Although keeping a small amount of gold on hand has its merits, below are three reasons that a gold-IRA is superior:
- You May Potentially Lower Your Tax Bill: Socking money away into an IRA account can have some serious tax advantages. Depending on your income level and other factors, contributions made to an IRA account may be tax deductible. This can lower your current tax bill while allowing you a convenient way to save for retirement. To determine if contributions are tax-deductible, check with your tax advisor.
- Savings Can Grow Tax-Free: When you invest in a traditional IRA account, that money is able to potentially grow and compound tax-free until you start making withdrawals. Any gains made can simply be kept, or you have the option of selling some assets to buy additional assets. Either way, the tax-deferred status allows you to keep more of your money working for you for longer. Of course, any tax questions or issues should be directed to your tax professional.
- Safety and Security: When you buy hold from an online dealer or local bullion shop, you then must worry about transporting and storing that gold. Not so, with a gold-IRA, however. When you purchase bullion within an IRA account, the custodian handles all the details for you. They will handle the purchase of the actual metal and then have it transported to an approved depository. Modern depositories are some of the most secure locations available and will safeguard your metals with round-the-clock security and regular accounting.
With stocks likely near a long-term top and the economy headed toward the next major recession, now may be the ideal time to start building a significant allocation.
Building a significant allocation in gold has never been easier than it is today, and arguably never more important. Simply pick up the phone and speak with an Advantage Gold account executive today about the potential benefits of gold ownership and to learn more about the key role it may play in a retirement portfolio. Our associates are here to answer any questions you may have and can even walk you through the account setup process step by step.
Don’t wait for the next major economic disaster or for stocks to collapse again before taking action. Explore your options for a gold IRA today. Call Advantage Gold at 1-800-341-8584 to get started now.
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