Many people are investigating precious metals IRA rollover as a way of investing in their retirement. You may be curious about how it works, and how to make it work for you.
It can seem a bit confusing. After all, there is a ton of information available on the internet about precious metals IRA rollovers.
The Advantages of Precious Metals IRA Rollover
There are numerous advantages to precious metals or a gold IRA rollover. First and foremost, it’s always a good idea to diversify your IRA by investing in at least one or two things. The amount you should invest should be no higher than 30% of your total funds. If you invest in two things at 30% then you’ll have 60% of your IRA invested in something. It’s always good to keep a good amount of cash, but your investments in precious metals IRA rollover can help you gain money over time if you invest smartly.
Second, you are investing in precious metals. That means you will own real gold, silver, platinum or another type of metal. These metals are never invaluable. They may drop in price, but they will always be worth more than paper money.
In fact, if the value of the all mighty dollar dropped to catastrophic proportions, precious metals would still be valuable. Our money is backed by gold. Of course the metal itself is more precious than the paper printed to represent it.
And precious metals, especially gold, have outperformed the DOW over 300% for the past 10 years. You can’t get that kind of performance with any other investment.
Third, only certain types of precious metals in certain forms qualify for precious metals IRA rollover. The government has laws that tell people what type of precious metals they can and cannot invest in. The majority of these metals are in the form of coins and bars. These coins and bars are over 99% pure, which is as pure as you’re going to get.
How Does This Help You?
It ensures that you only get the best for your investment. You don’t want to pay a premium price for a coin or bar that isn’t close to 100% pure. Your money would be wasted, especially in a precious metals or a gold IRA rollover. Premium prices for impure coins are often inflated. You could pay 40% or more over the actual value of the coin. That is too much money to waste, and you won’t ever gain it back.