United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

American IRA Discusses Should Self-Directed IRA Investors Prefer Metals or Cryptocurrencies?

PRWeb Friday, 14 September 2018
The cryptocurrency craze has swept the nation—but will it last, especially when compared to precious metals? A new post at American IRA examines it from the perspective of the Self-Directed IRA.

CHARLOTTE, N.C. (PRWEB) September 14, 2018

Cryptocurrencies and precious metals are many investors’ choices for diversifying out of the stock market and holding on to wealth that is not susceptible to the ebbs and flows of the usual channels. But a recent post at American IRA in North Carolina wonders: is cryptocurrency or gold the better retirement investment for someone with a Self-Directed IRA?

According to the post, one chief advantage of the Self-Directed IRA is that it allows investors access to retirement investments they would not otherwise be able to use. In many IRA and 401(K) plans, there are limitations to certain selections of funds. But with a Self-Directed IRA, the investor is in charge, and can purchase from across a broad swath of asset types, including precious metals such as gold or silver.

Cryptocurrency is a type of digital money that uses encryption to protect the data of those who transact with it. It is, for all practical purposes, digital money. Because it is not “money” officially denominated by governments like the U.S., many investors tend to put cryptocurrency under the status of an “alternative” investment. That category often includes precious metals like gold and silver as well.

In times of inflation or economic unrest, the appeal of cryptocurrency or gold is obvious: they can potentially help investors hold on to a greater portion of their wealth. These investments offer not only diversification, but a level of security to a retirement portfolio.

But which investment is better, the post at American IRA wonders? Pointing out that gold is a tangible asset with thousands of years of history behind it, the author believes that cryptocurrency is not only easier for many investors to understand but has a track record of holding on to wealth. Gold’s tangibility gives it an advantage when it comes to holding physical assets for added security.

“Cryptocurrency is fascinating,” said Jim Hitt, CEO of American IRA. “But gold has a track record of holding on to its value across the different eras of history. Until we know more about cryptocurrency, it’s fair to say that gold can be a great tangible asset to hold within a Self-Directed IRA.”

For more information, consult the blog post at http://www.AmericanIRA.com or call 866-7500-IRA to contact American IRA directly.

American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 million in assets under administration by educating the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.

As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term "they" refers to American IRA, located in Asheville and Charlotte, NC."

You Might Like

Recent related news from verified sources

American IRA Discusses Self-Directed IRA Taxation Affected as New Rules Change UBTI Calculation

*ATLANTA, GA / ACCESSWIRE / July 12, 2019 / *The ability to use leverage within a Self-Directed IRA is enticing to real estate investors with a lot of...

American Manganese receives material from disassembled EV batteries for treatment with its recycling tech

American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) revealed it has received cathode and anode materials from disassembled electric vehicle (EV) batteries, which...
Proactive Investors

American Battery Metals' Doug Cole receives Patriot Award

American Battery Metals Corporation (OTCMKTS:ABML) told investors that its CEO Doug Cole has received the Patriot Award. The accolade came from the Nevada...
Proactive Investors

Other recent news in Press Releases

EVERFI Platform Delivers Community Engagement For Partners Throughout North AMERICABaidu’s Facemoji Keyboard Releases 2019 State of Emoji Report for WORLD EMOJI DAY
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.