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FAQs:
- What is a Gold IRA?
A Gold IRA is a self-directed Individual Retirement Account that allows you to invest in physical gold and other precious metals. - How do I open a Gold IRA account?
You can open a Gold IRA by choosing a custodian, selecting your gold, and having it stored in an IRS-approved depository. - What are the benefits of investing in a Gold IRA?
Investing in gold offers diversification, protection against inflation, and long-term stability compared to traditional investments. - Are there any fees involved with Gold IRA accounts?
Yes, there are typically fees for account setup, storage, and maintenance. These vary by custodian.
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