Reasons to Hold Precious Metals<\/strong><\/h2>\nPrecious metals and other alternative assets diversify your overall investment risk because their prices might zig while stocks or bonds zag. In other words, precious metal prices are not closely correlated with those of other financial assets. This can help you get through periods of economic distress or panic, since it is often the case that stocks tumble and precious metals appreciate during such periods.<\/p>\n
Another reason to hold precious metals is that they are thought to provide some insurance against the damage caused by inflation, as commodity prices generally rise during inflationary periods. For preppers and survivalists, gold is a negotiable medium of exchange even if paper money loses its value because of some catastrophic event.<\/p>\n
On the down side, precious metals don\u2019t pay dividends or interest, and they cost money to insure and store. Also, you purchase precious metals at the retail price but sell them at the wholesale price, which means prices must rise enough to cover the buy\/sell spread.<\/p>\n
Some folks buy precious-metal or mining-company exchange-traded funds instead of, or in addition to, the physical metals. Bear in mind that ETFs are imperfect substitutes for the physical metals, because their prices may not move in unison with those of the metals, especially in times of economic turmoil.<\/p>\n
If you ever want to take possession of the bullion in your IRA, simply instruct your custodian to ship it to you or to a depositary of your choice. The spot (current) price of the bullion will be used to figure the taxable value of the withdrawal.<\/p>\n
Owning precious metals in your Self-Directed IRA is a credible way to diversify your investments while receiving important tax-breaks, a win-win proposition.<\/p>\n
Authored by Tracy Stein \u2013 CEO\/President of Prime Pinnacle Investments<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Congress created individual retirement accounts to give earners a tax-advantaged way to save for their retirements. The rules encourage account-holders to keep their money in their IRAs until at least age 59 1\/2 by penalizing (with exceptions) withdrawals taken earlier than that. In a traditional IRA, you deduct your annual contributions (up to $6,500 if…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-805","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\n
PRECIOUS METALS IN YOUR SELF-DIRECTED IRA - uDirect IRA Services, LLC<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n