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A Simple Guide To Understanding Gold IRA

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Some of you might not be aware that precious metal IRA or Gold IRA is an Individual Retirement Account with gold or other precious metals approved by the IRS. The top precious metals like gold, platinum, palladium, silver, and the likes are accepted in your portfolio for tax benefit purposes.
As gold is the most precious common metal that could be invested in an IRA hence, they are referred to most commonly as “gold IRA”, no matter what combination of precious metal is being used in the retirement account. 
The contents of the Gold IRA account of a user are held in the coffers of a custodian, the for account owner’s benefit. It works just like the traditional IRA the only difference being the use of physical bullion bars or coins instead of paper assets.
Conventional IRA Vs Gold IRA
In the case of conventional IRA, you have little or almost negligible say in your investments with the brokerage firm or the bank. But with a self-directed IRA along with Advantage Gold, the account hold…