This makes them a good choice for those who are worried about another recession or market crash. For all these reasons, allocating 5-10% of a retirement portfolio to gold and silver is a sensible choice for many investors. Gold is generally not a good investment, particularly not for a retirement portfolio. Although it is certainly 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 are saving 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 investing no 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.
From physical gold to stocks to gold-backed assets, there are a variety of options for those who choose to use gold to prepare for retirement. You might think that investing in gold stocks is only for investors who are deeply entrenched 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, commonly known by the symbol GLD. For example, the Internal Revenue Service (IRS) only allows 24-carat gold bars and coins to be included in gold-plated IRAs (with the exception of 22-carat American Eagle coins).
