Currency can lose purchasing power, but precious metals maintain their strength in the market. Investors and financial professionals trust their gold investments to shield themselves against an unstable dollar. Gold has become a safe haven and offers protection in an uncertain and overvalued stock market.
Precious metals such as gold, silver, and platinum are steadily rising. Precious Metals continue to be a profitable and safe hedge against inflation and currency devaluation. A tangible asset like gold is wealth with intrinsic value that you can hold in your hands. You can keep it in a bank or in your home or any safe place you choose.
Do you already have an IRA as part of your investment portfolio? Investors with existing IRAs can transfer funds to a precious metals IRA without any penalties. Under the Taxpayer Relief Act, precious metals can be bought and sold in your tax-deferred IRA account.