This makes them a good option for those who are concerned about another recession or market crash. For all these reasons, allocating 5 to 10% of a retirement portfolio to gold and silver is a sensible option for many investors. Investing in a Gold IRA is also a great way to diversify your retirement portfolio and hedge against market volatility. Gold is generally not a good investment, especially for a retirement portfolio, but investing in a Gold IRA can be a smart move for those looking to protect their retirement savings.
Although it is useful as a countercyclical asset and can be used as a store of value, it is volatile and periodically undergoes large price drops. Generally, investors saving for retirement should stay away. If you decide to invest in a precious metals IRA, you should do so conservatively. Depending on your financial situation, most experts recommend that you invest no more than 5% to 10% of your retirement funds in precious metals. One of the first and perhaps most obvious gold investment options for your retirement portfolio is physical gold.
From physical gold to stocks and gold-backed assets, there are several options for those who choose to prepare for retirement with gold.