Tax Advantages
Buying gold and silver in a retirement account allows you to enjoy tax savings. With a traditional Gold IRA (or Silver IRA), you receive an upfront benefit of tax deferral when you contribute. Your assets then grow tax-deferred. You can expect to pay regular income tax on your withdrawals in retirement.
With a Roth version of a precious metals retirement account, you lose the upfront benefit of tax deferral but enjoy tax-free withdrawals in retirement. Both options allow you to save on taxes, now or later.
Diversification
Adding gold or silver to your IRA can help hedge your overall retirement savings. Precious metals tend to move independently of the dollar and the broader economy. Especially in times of financial or geopolitical uncertainty, gold has usually retained its value or increased in value relative to other assets. This can stabilize your overall retirement savings and smooth out your returns. In Canada, it is worthy of note that they have an RRSP/TFSA program that is very similar.
Inflation Protection
If you are like most Americans, you have most of your income and assets denominated in the U.S. dollar. This makes you vulnerable to a loss of purchasing power as more dollars are printed, triggering inflationary periods. Diversifying with a precious metals retirement account can help mitigate damage to your net worth from a significant decline in the dollar. Because gold can not be printed out of thin air and is, therefore, a stored value that is relatively immune to inflation, it can help protect your purchasing power and mitigate inflation risks.
Control
With a self-directed Precious Metals IRA, you maintain control. You direct all buy and sell actions in your account. Also, with Preserve Gold, you get our Buyback Policy, which can provide you with liquidity if and when you need it without additional fees.
