Gold IRA vs. Conventional IRA: Key Differences
It’& rsquo; s important to recognize the primary differences in between a Gold IRA and a traditional individual retirement account:
- Assets: Gold IRAs hold physical rare-earth elements, while typical IRAs hold paper assets like supplies, bonds, and common funds.
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- Custodianship: Gold IRAs need a specialized custodian to manage the account and store the physical assets in accepted depositories.
- Fees: Gold IRAs usually have greater costs because of the demand for physical storage and extra documentation.
- Performance: Gold normally does well throughout economic declines, while conventional IRAs are linked to the performance of the securities market.