Are Gold IRAs A Good Investment?

Are you looking to diversify your retirement portfolio? How about a gold IRA! The price of gold is on the rise, and many people are looking to diversify their investment portfolios with this precious metal. A gold IRA is not vulnerable to inflation like most traditional IRAs, which makes it a smart choice for retirement investments. 

If you want to invest in a gold IRA, you will need to create a self-directed IRA and contract with a broker and custodian to create and administer the account. For choosing which metal dealer to invest with, you should look at transparency, track record, flexibility, and qualifications. 

Investing in gold is beneficial for balancing your portfolio, but you should always be aware that a physical asset is subject to theft and evil custodians. Make sure you are not blinded by all that glitters, and consult a financial advisor to determine how gold fits best into your portfolio. 

See Gina Roberts-Grey, Analysis: Should You Get a Gold IRA?, Investopedia, May 3, 2016.