If there is anything that investors are certain about when it comes to 2021, it is that uncertainty will be the name of the game for much of the year. These are the types of markets that challenge even the most experienced professional investors.
But there is a simple and convenient way to protect your portfolio from adverse economic conditions. A unique segment of the market is drawing attention like never before — gold and silver – which are growing in value and set to soar in years to come.
For thousands of years, precious metals have been a storage of value and the ultimate hedge against economic uncertainty, but 2021 might be a year like no other for active investors.
The Federal Reserve is printing more money than it did during the financial crisis. This means that the U.S. dollar’s value is challenged, which again has driven savvy investors to holdings of physical assets such as gold, silver, and other precious metals.
Cash can easily be invested straight into physical gold and silver holdings. A protection from inflation and buffer from any potential stock market crash, putting cash savings to work in precious metals is a streamlined process.
This cash can be moved over from a traditional retirement account simply and quickly. Here at Red Rock, our team can assist with determining what amount makes the most sense for your long-term retirement needs, but the cash is moved on a tax-free basis and no penalties.
The biggest misconception about investing in precious metals is that it’s expensive. But when compared to commissions and fees paid to manage a paper portfolio, taking physical ownership is actually more cost-effective. The average American spends between $180,000 to $250,000 over the lifetime of their account on broker and commission fees. Most Red Rock clients pay absolutely nothing to manage their precious metals IRA. Roughly 10% of our clients pay a small management fee of just $195. An Account Executive can walk you through the entire investment process and costs.
The Three-Step Process
Here at Red Rock, we have a three-step process for those who choose to invest in precious metals: determine how much to invest, open an account, and shipping.
First, you must determine how much you want to invest in precious metals. However, we recommend no more than 30% of your IRA portfolio should be in precious metals. But, it is worth remembering that, unlike a Gold ETF, you fully own the assets and you physically own it. Owning physical gold is a great hedge against market uncertainty. And the investment can be done within 24 hours.
Once an initial amount is determined by you, an account is opened and our account executives will help determine whether a Gold, Silver, or other Precious Metals IRA is the best for you based on your financial goals.
Then comes shipping. Red Rock ships your precious metals for free either directly to your home or to a safe and secure depository vault. We pay 100% of the shipping and insurance cost to deliver the metals to your doorstep. The purchase is 100% insured until you take possession of your purchase.
Are you interested in opening or learning more about opening a Precious Metals IRA? Give us a call at (844) 824-5051 and one of our Account Executives will be happy to answer any questions you may have, and walk you step by step through the purchasing process, and determine which type of Precious Metals IRA is best to meet your retirement needs.