5 Reasons Why Investing In Precious Metals Is a Good Retirement Plan

Precious metals such as gold and silver have always had a unique appeal for investors all over the world. During the 1970’s oil crisis and the years of high inflation following it, gold hit a then-record high price of $850 an ounce by the 1980s.

Gold prices remained stable for the next two decades after the Federal Reserve raised interest rates to bring the inflation down. However, after the 2008 financial crisis, gold prices shot up over $850 an ounce again.

A precious metals IRA can help retirees obtain a great deal of financial preparedness and a peace of mind that conventional retirement plans may not offer through and through. If you are not sure how, read on to find out how precious metals can help make for a good retirement plan.

Precious Metals Are Wealth Insurance
According to Philip N. Diehl, former director of the U.S Mint “Gold outperforms other asset classes when hard times come and often rises when other assets are crashing.”

Just like buying a home, life or vehicle insurance protects you against the uncertainties of life, a precious metals IRA helps you safeguard your retirement plans in a similar way. Owning precious metals as part of your retirement plans not only helps you diversify your investment portfolio, but it also helps you minimize your risk.

Precious Metals IRAs Help You Stay Ahead of the Game
As compared to stocks and paper assets, precious metals have a comparatively low or negative correlation to them. This means that if the prices of other assets decrease, the prices of gold increases relatively. This ensures a balanced out approach and reduces your risk.

Moreover, gold and silver that is maintained in a precious metals IRA account is not prone to mismanagement and mishandling of local or national governments. Precious metals IRAs are not subject to government policy changes in the same way that social security funds are. This means that with a self-directed IRA, you and you alone are in charge of all the risks, gain and losses over your assets.

The Surety of Owning a Physical Asset
Precious metals IRAs provide you with the certainty that your retirement savings are not all riskily tied up in the stock markets.

As opposed to conventional retirement plans which put your money into plans that you cannot physically see, touch or control, precious metals prove to be a tangible asset that gives you the peace of mind over your savings.

With the help of a precious metals IRA, which is bound by the IRS regulations, you do not have to worry about taking the necessary steps to ensure the safe storage and safeguarding of your investments. With the help of a trusted IRA account provider, you can gain a peace of mind that can only come with knowing that you own physical assets that are well-protected and taken care of.

 

Looking for A Precious Metals IRA Account Provider?
Orion Metal Exchange has been in the industry for over 50 years and is a reliable and well-reputed provider of precious metals IRA accounts in the United States.