As gold has seen impressive gains in the last few years, it is evident that many Americans have started to seek the safety and security that precious metals can provide during difficult economic times. Individual retirement accounts may now include gold or other metals after changes were made to Federal statutes governing IRAs in 1997. Millions of Americans have invested at least a portion in gold and seen their accounts values skyrocket. You get the security and flexibility that gold provides while staying within the overall retirement account structure. See best gold IRA to get more info.

It is called diversification

You can make a gold IRA a success by diversifying your portfolio with a healthy amount of stocks, CDs and metals. Many people choose to invest in too many stocks, too few CDs or both. The idea behind managing your account is to give you equal opportunities for secure growth and higher gains. While certificates of deposit can provide secure growth, it is much slower than what you would get with more risky investments like stock purchases. An IRA gold holding can provide you with that extra element of security as well as growth in your overall fund portfolio.

Gold is stable

Gold IRAs are the best because it is guaranteed to retain most of its value. Although it will fluctuate depending on market conditions, gold can also be expected to remain within a certain range. It is far more secure than a stock purchase and still allows for substantial growth if gold prices rise. The best and most secure form of retirement planning is therefore a gold-backed IRA account.