Gold IRA vs. Typical individual retirement account: Key Differences
It’& rsquo; s important to recognize the major differences in between a Gold IRA and a standard IRA:
- Assets: Gold IRAs hold physical precious metals, while conventional Individual retirement accounts hold paper properties like stocks, bonds, and common funds.
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- Custodianship: Gold IRAs require a specialized custodian to handle the account and shop the physical assets in accepted vaults.
- Charges: Gold IRAs generally have higher costs due to the requirement for physical storage and added documentation.
- Efficiency: Gold usually carries out well during economic recessions, while typical IRAs are tied to the performance of the stock market.