The rise in gold prices over the last two years is a clear sign that Americans have started to look for protection from the economic storms. Individual retirement accounts now have the option to include gold and other precious metals in their portfolios thanks to changes made by gold IRA company.

Millions upon millions of Americans have made the decision to invest at least a part of their IRAs into gold and seen how their account values have soared. Gold IRAs offer the security that gold affords, while still staying within your personal retirement account structure.

Diversification is also known as diversification

To make sure your investment in gold IRAs is successful, you need to keep your account well-diversified. While many people are tempted to go for extremes in the portfolio’s balance, such as choosing to hold too many CDs or stocks, the idea is to manage your account so that you get equal amounts of safe growth and greater returns. Certificates of Deposit provide security and growth but at a lower rate than with more risky investments, such as stock buying. A gold IRA can give you that additional element of security and growth for your overall fund portfolio.

Stability comes from gold

One of the greatest benefits of a gold IRA is that it guarantees that most of gold’s value will be retained. While gold’s value will always fluctuate according to market forces, there is a limit below which it can not be expected that it will fall. This makes it much safer than your average stock purchase while still giving you the opportunity to grow when gold prices go up. Therefore, a gold-backed IRA is one of most secure ways to plan for retirement.

Which gold can be accepted?

You won’t be able use all forms of gold in an IRA. Current IRS rules restrict the ownership of gold within an IRA to those of a particular fineness. The fineness of gold bars must be greater than 0.995 and the fineness of gold coins must be higher than 0.9999. This makes some gold coins, such as the Gold Eagles, and foreign coins, unsuitable for inclusion in a IRA plan.