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The Internal Revenue Service allows certain types of precious metals – gold, silver, platinum and palladium — to be purchased by an individual retirement account. A Gold IRA is a generic term for a self-directed IRA that holds any of the four acceptable precious metals.
...If you are a military member or federal employee, you’re eligible to participate in the government’s Thrift Savings Plan (TSP). This plan provides some basic investment functionality, but you might like to know how you can include physical gold and silver in your retirement plan to safeguard against recessions, monetary devaluations and economic collapse.
...There can be no doubt that any smart investment plan should have a well-diversified portfolio of assets, and not be limited to just stocks and mutual funds. The reason to include alternative assets such as physical gold and silver bullion in a precious metals IRA is to reduce the risk of concentrating too much money into a particular asset type.
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