using IRA to buy physical gold

Gold individual retirement account vs. Conventional IRA: Key Differences

It’& rsquo; s crucial to understand the major distinctions in between a Gold individual retirement account and a traditional IRA:

  • Assets: Gold IRAs hold physical precious metals, while standard Individual retirement accounts hold paper possessions like stocks, bonds, and mutual funds.

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  • Custodianship: Gold IRAs require a specialized custodian to manage the account and shop the physical assets in authorized vaults.
  • Costs: Gold IRAs typically have higher charges due to the demand for physical storage space and additional documents.

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  • Performance: Gold usually carries out well throughout economic recessions, while standard IRAs are tied to the performance of the securities market.

can i buy physical gold with my IRA