Set Yourself Up for Success by Investing in Gold

Reevaluate your investments to get early access to incredible opportunities this year. Now is an excellent time to ascertain what works, what doesn’t, and where you can invest your money to build wealth for a better future.

Create financial freedom with gold investments. Kickstart your success journey by adding gold to your investment portfolio in 2023. Investing in Gold IRAs is a good option considering recent economic developments.

Gold has always been a good and safe investment option during inflation and recessions. It is because it has performed well and gained in value during recessions.

For example, between 1970 – 1980, there were three recessions and inflation reached double digits. You will be surprised to know that gold's value surpassed expectations and jumped from $35 per ounce to $850 during the recession period.

Top 3 Ways to Start Investing in Gold

Even though there are multiple ways to invest in gold, here are the top three ways to get started.

1. Open A Gold IRA Account to Live Your Best Life

If you want to safeguard your retirement investing in gold, primarily through a gold IRA is an excellent way to get started. Individual retirement accounts allow you to invest funds in gold, silver, art, and other collectibles.

If you choose this strategy, you must establish your account with a gold IRA broker. The broker will set up and manage your account. You can then fund the account and purchase securities, which will be stored at an IRS-approved facility.

Gold IRAs get used to purchasing other gold-related investments, like gold mining stocks, futures, and ETFs. Traditional gold IRAs get funded with pre-tax dollars, and Roth gold IRAs are funded with after-tax money.

2. Get Started Right Now - Purchase Physical Gold

Earlier, people used to purchase gold coins, bullion, or bars and keep them away somewhere secure for safekeeping. The gold can be kept safe in the closet, in a safety deposit box at a bank, or in a third-party depository that stores silver, gold, and other precious metals.

When you decide to invest in physical gold, purchasing from a reputable dealer is always best. Read reviews about the dealer and look for complaints with BBB (Better Business Bureau).

3. Kickstart Your Success Journey by Investing in Gold ETFs

Gold ETFs or exchange-traded funds are investment funds that allow you to invest in gold-related companies without owning physical gold. Similar to investing in stocks, you buy ETF shares.  

ETFs are a smart way to lower your risk and diversify your portfolio since they quickly spread your investments across various asset classes. You can buy them in small quantities and swiftly trade them. It enables you to avoid risk and change your strategy based on market conditions.

A brokerage account is required if you want to invest in gold ETFs. After you open an account, you can choose the ETFs you want to invest in. Always select the best ETF investments that suit your individual goals and budget.

Why Invest in Gold?

The benefits of gold investments are many. Gold helps diversify your portfolio. Gold holds its value over time and is a good hedge against inflation. Gold investment is considered low-risk as you don’t experience pricing volatility like other investment classes.

Before investing in gold, contact an investment professional to learn about the pros and cons and ensure that a gold investment suits your portfolio. Gaining knowledge about Gold IRAs will help you make an informed choice.

Is gold something you're considering investing in this year? Start by visiting the company selected by Money magazine as the "Best Overall Gold IRA Company." to learn more about this unique opportunity. Hurry today and set yourself up for success.