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A gold IRA is an individual retirement account in which gold or other precious metals are held in custody for the benefit of the account owner. Gold IRAs are allowed by the Internal Revenue Service (IRS), and they function in a similar way to traditional IRAs. However, instead of holding paper assets, a gold IRA allows you to hold physical gold bullion coins and bars, as well as other precious metals like silver and platinum.

A gold IRA allows you to invest in gold and other precious metals as part of your retirement plan. Since it is set up as an Individual retirement account (IRA), there are restrictions on how you can use your account, which means that many investment options are unavailable. However, IRAs are valuable because they offer tax advantages that help your savings grow more quickly. If you want to take advantage of these tax advantages while also investing in a tangible asset like gold, then you can set up a gold IRA through either a bank or broker….(read more)

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