Investing in a gold IRA, or Individual Retirement Account, is a strategy that involves purchasing physical gold or other precious metals, such as silver, platinum, or palladium, for retirement savings. It offers potential advantages like portfolio diversification, inflation protection, and a tangible asset that may hold value during economic uncertainty.
Gold has been a valuable asset throughout history, retaining its worth even during periods of inflation or economic turmoil. By including gold in a retirement portfolio, investors may seek to balance risk and potentially enhance returns over the long term.