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The primary downside of a gold IRA is the early withdrawal penalty. Navigating these rules requires careful attention and potentially the assistance of a specialist, adding to the overall effort and price of managing a Gold IRA. Storage, insurance, and ongoing account upkeep fees might apply, adding to the general value of sustaining a gold IRA. By investing in gold by means of an IRA, you possibly can safeguard your retirement funds from the destructive affect of inflation and be certain that your financial savings maintain their purchasing energy