Why Add Precious Metals to an Ira?

Welcome back to our series of short videos about Individual Retirement Accounts. Today, I'd like to discuss the benefits of adding gold or other precious metals to an IRA. In particular, I want to address investment in physical bullion coins and bars. First, when we talk about precious metal bullion, what are we talking about? The precious metals are gold, silver platinum and palladium. And bullion is a precious metal, in coin or bar form, that is priced on the intrinsic metal value, and not on condition or rarity. And why are these metals considered precious? It's because they have a unique combination of characteristics: They are physical, portable, beautiful, useful, liquid, and indestructible. No other investment vehicle has all these attributes. Precious metals are also very liquid. They're priced in US dollars, have narrow bid-ask spreads, and trade 24/7, around the world. And they are intrinsically valuable -- they're not a liability of any country, government or corporation. So why should you consider adding precious metals your IRA? Capital appreciation -- based on supply and demand fundamentals. Precious metals provide a hedge against inflation. They're in excellent portfolio diversifier. And they act as a financial insurance during times of geo-political and economic uncertainty. Since the goal of retirement planning is to save for the future, and trying to predict the future is a daunting task, you need to find investments that hedge inflation, mitigate risk and enhance returns. I believe precious metals achieve these goals. In my next video, I'll discuss how to set-up, fund and invest through a self-directed IRA. Thank you for watching.