Diversifying a portfolio is the first thing they teach you about investment, especially for retirement plans. With these funds, security is often prioritized over quick, short term speculation. For that reason, precious metals and other commodities have now become preferred choices for retirement plans for individuals. Traditionally, this is not allowed for qualified plans, but things have change and now investors are looking at innovative retirement plans for individuals to invest in commodities.
Why Precious metals work for retirement plans for individuals?
Retirement plans for individuals are often all about flexibility and security. Unlike a traditional 401k account with an employer, people look at retirement plans for individuals as it allows them to take better control of their retirement funds. Precious metals or commodities work because trading can be done quicker with less legality involved than other investments, say real estate for example.
A person can also choose to play safe with a buy-and-hold strategy, which can guard their nest egg against inflation. He or she can also choose to speculate and trade more often when opportunities arise.
Source Gold Silver Worlds
Looking for a secure way to buy physical gold and silver?
GoldMoney company offers you 6 months of FREE storage if you sign-up and buy physical metals via www.goldreference.org. Simply choose “GoldReference.org” from the dropdown list, or manually write goldreference, when you open a Holding at GoldMoney. See also our page How To Buy Gold & Silver Online.