15
Apr
A precious metals IRA or Gold IRA is a type of self-directed individual retirement account that allows you to add physical silver, gold and other precious metals to the retirement portfolio. Although these accounts come with similar tax advantages as traditional IRAs, they demand the storage and purchase of tangible metals and adding a specialized custodian for the process. This account type functions as a hedge and protection against economic uncertainty and inflation, meaning you will get both diversification and a portfolio. However, owning a gold IRA comes with higher fees due to need for storing and purchasing metals in IRS-approved…