![]() If you want that protection, a common rule of thumb is to invest around 5% to 10% of your portfolio in precious metals. While precious metals historically offer lower returns than the stock market, they tend to perform well during stock market downturns and recessions. Whether a gold or silver IRA is right for you will depend on factors like your risk tolerance and your confidence in the fiat system. It's also a good option for investors starting with a smaller budget." Is a precious metal IRA right for you? He adds, "However, silver may appeal more to non-IRA investors with a higher risk tolerance and an interest in capitalizing on market fluctuations via commodities trading. Start by exploring your precious metal investment options here to see if it's right for you. However, instead of investing in assets like stocks, bonds, CDs and money market funds, account managers use the funds to buy gold and silver.īut is a gold or silver IRA better for your portfolio? We broke down some considerations below. Like other types of IRAs, they're tax-advantaged retirement accounts that come with annual contribution limits. ![]() "Primarily, economic uncertainties, including inflation fears and geopolitical tensions sparked by the wars in Gaza and Ukraine, as well as logistical concerns in the Persian Gulf, have driven investors toward 'safe-haven' precious metals such as gold and silver," says Collin Plume, the founder and CEO of Noble Gold.įor those looking to diversify their portfolios and hedge inflation long-term, gold and silver IRAs are worth considering. Investors were driven to precious metals throughout 2023 for a variety of reasons. Both gold and silver IRAs have unique benefits for your portfolio. ![]()
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