This makes them a good choice for those who are worried about another recession or market crash. For all of these reasons, allocating 5-10% of a retirement portfolio of gold and silver is a reasonable choice for many investors. Gold is generally not a good investment, particularly not for a retirement portfolio. While it is somewhat useful as a countercyclical asset and can be used as a store of value, it is volatile and regularly experiences sharp price declines.
Investors who save for retirement should generally refrain from doing so. If you decide to invest in a precious metal IRA, you should do so conservatively. Depending on your financial situation, most experts recommend not investing more than 5 to 10% of your pension funds in precious metals. One of the first and perhaps most obvious gold investment options for your retirement portfolio is physical gold.
For example, the Internal Revenue Service (IRS) only allows 24-carat gold bars and coins to be included in gold-backed IRAs (with the exception of 22-carat American Eagle coins). You’d think that investing in gold stocks is only for investors who are deeply rooted in the stock market, but the fact is that anyone can invest in gold stocks if they’re willing to put in some work. The easiest way to add gold to a portfolio is with an ETF called SPDR Gold Shares, which is commonly known under the symbol GLD. From physical gold to stocks to gold-backed assets, there are various options for those who use gold to prepare for retirement.
