Precious metals investing isn’t new. If you think about it, that’s why the entire jewelry industry exists. Buying gold, silver and other metals like Platinum or Palladium goes back centuries with everyone always wondering how to buy gold the right way so they don’t get screwed by paying too much or not getting out at the right time.. The modernization of precious metal purchasing is within retirement assets. Back in 1997, Congress and former President Bill Clinton passed the Tax Payer Relief Act. This gave investors the ability to invest all or portions of their Individual Retirement Accounts (IRA, 401k, 403b) in gold, silver, platinum, palladium – the most precious of metals.
We live in times where wars are happening more frequently, terrorism exists, massive public companies have gone bankrupt, corrupt advisors create schemes to steal paper money, and so many more bad things at the whim of people we can and cannot trust. Therefore having the ability to invest in precious metals instead of purely paper finances like stocks, bonds, mutual funds, and traditional savings accounts just mutual funds, stocks and bonds provided a larger variety of choice to investors. Those concerned with the volatility of the stock market and world events should look into gold IRAs and other precious metals IRAs. For 20 years now, they help garner the same tax benefits for retirement savings as traditional IRA plans everyone is familiar with.