Investing in Gold and Gold IRAs: 5 Things You Need to Know

In this episode of the Money Talks News podcast, we’re talking about the Midas metal.

Gold has long been known as a store of value and a hedge against both inflation and global uncertainty. This is why it’s also a part of many well-diversified savings strategies, including retirement accounts.

Yes, you can actually hold gold in your IRA — as long as you follow the rules. But should you own gold at all? And if so, is it appropriate for retirement account investing? Let’s find out.

Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week, we have a special guest, Devlyn Steele from Augusta Precious Metals, here to talk about everything gold-related, including how to set up a Gold IRA.

See What Augusta Can Do for You

Before we start, you need to know a couple of things. First thing, we have an advertising relationship with Augusta Precious Metals. However, we’d never let that impact our opinions. Second, remember this isn’t financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.

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Portfolio strategy and asset allocation

We talk about the importance of diversification as you put together a portfolio strategy that includes an asset allocation approach that works for you. This can include gold and other precious metals, as well as other alternative investments. Don’t forget to check out these great resources surrounding building a better investment portfolio.

What you need to know about tax-advantaged retirement accounts

Don’t forget to stick around to find out exactly how you can hold gold in an IRA. We talk about the importance of investment-grade precious metals, finding the right custodian, and how to watch out for some of the pitfalls.

In the meantime, make sure you catch up with our great resources about tax-advantaged accounts and how you can use them to make the most of your retirement.

Meet this week’s guest, Devlyn Steele

During a three-decade financial services and economics career, Devlyn Steele has processed financial assets worth more than $2 billion. As Augusta’s director of education, Mr. Steele now leads an education team dedicated to enlightening fiscally conservative Americans about savings diversification through alternative assets. He accurately predicted the 2008 financial crisis and the subsequent surge in gold and silver prices.

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About the hosts

Stacy Johnson founded Money Talks News in 1991. He’s a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She’s been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

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