Before you even begin the process of actually starting your Precious Metals IRA it is essential that you understand what goals you wish to achieve fiscally. Also how you want to spend the money you make, and what you are going to do with your investment afterwords.
We encourage you to think about where you’re at currently, how you will progress and where you ultimately would like to end up. Don’t worry if you can’t answer these questions now; Oakhurst Metals is known for having agents so well-versed in the art of investing in a Precious Metals IRA that it is akin to second nature for them to talk about it.
Knowledge is Golden
If you’re like the majority of us with a retirement account, your funds are probably your life’s savings. That’s why we recommend you research your options before you make a decision – To make that as easy as possible for you we’ve included as much information and resources as possible.
Through your research you will likely find that precious metals, offer the most protection for your retirement. Also note that creating a Precious Metals IRA portfolio will stabilize, diversify and secure your investment. It’s within your reach and ability to create a veritable asset sanctuary with a Precious Metals IRA.
What is a Precious Metals IRA?
“Precious Metals” is the colloquial nickname a Self Directed IRA which has been used to invest in one of the IRS approved metals. This is a retirement account controlled by you that can be used to invest in physical metals: Gold, Silver, Platinum and Palladium. These 4 alloys are also known as the Precious Metals, due to their scarcity & value.
PROTECTION IS OF UTMOST IMPORTANCE
Gold and Silver are great examples of why a self-directed IRA is a clever strategy – though the other precious metals have their own uses and perks. One thing remains the same, though; If you have a 401(k), IRA, Roth or any denomination therein that is unprotected, you could be making a critical error. To give you an idea: well over Three Quarters of retirement accounts aren’t FDIC insured. If anything cataclysmic were to happen, you’re third in line to get YOUR money, and that’s IF it even still exists. Investing your retirement in gold & silver has some amazing benefits, besides just being a safeguard against financial crisis.
ALL HAIL THE KING & QUEEN
When one thinks of precious metals, one typically will automatically associate the term with gold and silver. Gold & Silver, the King and Queen of Precious Metals, the two metals that have been worshiped and had wars fought in their renowned names. Millennia after millennia, we humans just never seem to lose interest. The same holds true to this very day; as gold and silver both have a fairly unique quality which makes them perfect failsafes in times of uncertainty – Stable purchasing power. Precious Metals historically have retained their practical value. For example, you would have been able to buy the same amount of goods or services with the same weight of gold as you could a century ago. If your country’s currency falters, you should have a backup.