What is a Gold IRA?

An Introduction to Gold Retirement Accounts

A Gold IRA is a retirement investment account that you use to hold your investment in physical precious metals. It allows you to expand your retirement portfolio beyond paper assets to physical precious metals that could have more value than paper assets.

A Gold IRA is an IRS-approved account. Therefore, you can only invest in precious metals that are approved by the IRS.

The IRS regulates the types of precious metals you can invest in a Gold IRA. First, precious metals allowed in an IRA have to be recognized as a currency of a public entity.

Second, it stipulates the purity levels of each of these precious levels. For instance, to invest gold in your Gold IRA, it must be 99.5% pure while silver must be 99% pure.

Purity levels stipulate by the IRA ensure that the precious metals you buy can maintain and grow their value. This ensures that they are valuable to you in retirement.

What Is A Self-Directed IRA?

A self-directed IRA is a retirement account that allows you more control over your portfolio. When dealing with a 401(k), you don’t have much control over where your contribution is invested. However, with a self-directed IRA, you have control over how the money in the account is invested. You also have more control over the contents of your portfolio.

Like a 401(k), a self-directed IRA also enjoys tax benefits. When you are employed, it is obligatory for you to have a retirement account. While a 401(k) is an employee benefit, a Gold retirement account is a savings account that also offers you tax benefits. You can operate different types of IRAs. An ordinary IRA, Roth IRA, SEP IRA among other types of IRAs.

Benefits Of Investing In A Gold IRA

Portfolio Diversification

With a Gold IRA, you diversify your retirement portfolio. Other retirement accounts focus only on paper assets. If there is an economic crisis, it would wipe out the value of all the paper assets even when well diversified.

With a Gold IRA, you can invest in physical precious metals. Investing in physical gold and silver ensures that your portfolio maintains and grows in value.

Hedge Against Inflation

Precious metals maintain and grow in value. For example, the value of gold is rarely affected by inflation. Thus, an investment in gold ensures that your portfolio’s value is not eaten away by inflation over time.

To protect your portfolio from currency devaluations, economic turmoil, and inflation, invest in precious metals through a Gold retirement account.

An Opportunity To Own Or Liquidate A High-Value Asset

Investing in physical precious metals over the long term provides you the opportunity to own a high-value asset. Over time, the value of gold rises. Once you retire you can liquidate the precious metal and take your profits after tax.


Retirement is a difficult period if you haven’t invested properly during your working days. The good thing is, it is never too late to invest in gold. This is an opportunity for you to build a high-value retirement portfolio. Read our article about the best IRS-approved Gold IRA Companies for more information about how a Gold retirement account could be beneficial for you.


We discuss the best allocation strategies for precious metals and how to save thousands of dollars in fees in our must read Gold IRA guide.

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