Gold individual retirement account vs. Traditional individual retirement account: Key Distinctions
It’& rsquo; s important to recognize the primary distinctions in between a Gold individual retirement account and a standard IRA:
- Properties: Gold IRAs hold physical precious metals, while traditional IRAs hold paper assets like stocks, bonds, and mutual funds.
- Custodianship: Gold IRAs require a specialized custodian to manage the account and shop the physical possessions in authorized depositories.
- Charges: Gold IRAs generally have greater fees due to the need for physical storage space and added paperwork.
- Performance: Gold commonly performs well during financial downturns, while conventional IRAs are tied to the performance of the stock exchange.