Financial experts weigh in on the pros and cons of gold and silver IRAs for retirement planning.
Precious metal investing has become increasingly popular as inflation concerns and global uncertainties persist. As a result, we saw the price of gold soar past $2,700 per ounce in 2024, while silver has attracted investors seeking stability and growth potential.Many people are also turning to precious metal individual retirement accounts (IRAs), like gold and silver IRAs, to secure these benefits for retirement.
But while both silver and gold IRAs have their merits, choosing between them isn't always straightforward. So, we asked financial professionals for their perspectives on what the better choice could be in 2025. Here's what they want you to know.Find out what your gold investing options are today.Gold IRA vs. silver IRA: Which will be better in 2025?Gold and silver IRAs are structurally similar but can perform differently in various market conditions, experts say. 'Gold tends to be a reliable store of value while silver tends to be a growth asset,' says Brett Elliott, director of marketing at American Precious Metals Exchange (APMEX). Experts expect both to increase in value in upcoming years.Alex Ebkarian, COO and co-founder of precious metals dealer Allegiance Gold, encourages diversifying a precious metals portfolio with both to avoid concentration risk.Why a gold IRA may be a better investment in 2025'Beyond inflation protection, gold shows a low correlation with stocks and bonds, reducing portfolio volatility,' explains Kevin Shahnazari, founder and CEO of FinlyWealth. This makes gold IRAs a strong choice for protecting retirement savings during market uncertainty.Holding onto gold long-term offers unique protection against economic risks. Elliott highlights that this precious metal is an excellent diversifier. ' goes up during recessions as opposed to stocks, which typically decline,' he says.The outlook for gold appears strong, according to Ebkaria
GOLD IRA SILVER IRA RETIREMENT PLANNING INVESTMENT PRECIOUS METALS
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