A gold IRA is similar to a traditional individual retirement account (IRA)—account holders can gradually fund their accounts until they are ready to retire and cash them out. Gold IRAs include similar contribution limits and withdrawal restrictions to cash IRAs. However, holders can provide gold IRAs with gold and silver coins or bars instead of feeding the account with paper.
Gold IRAs involve making regular contributions. Over time, the gold will increase in value, allowing account holders to profit despite inflation.
