Gold IRA Statistics Facts and Trends in 2024- Every Stat You Must Know!

Disclosure: Some of the links you’ll encounter are affiliate links. If you click and buy something, I’ll get a commission. If you’re reading a review of some precious metals company, please understand that some of the links are affiliate links that help me pay my bills and write about what I love with no extra cost to you. Thank you!

Are you looking for the latest gold IRA statistics facts and trends for 2024?

My guide below tells you all the important stat you need to know.

Gold IRA statistics facts and trends guide for 2024
Gold IRA statistics facts and trends guide for 2024

Key Gold IRA Statistics Facts and Trends for 2024

  • 37% of American households own an IRA. However, only 3-5% of total IRA accounts are self-directed. This stat includes all forms of self-directed IRA, not just gold (whether owned physically or through an IRA)
  • In the United States 14.3% of males aged 45-54 years own silver and gold, (whether owned physically or through an IRA).
  • 5.1% of males in the United States aged 35-54 own only gold and no silver.
  • Contrast that to 7.8% of females aged 35-44 who own silver only. 1.8% of men in that same range own only silver.
  • Since 1990-2020 there was a 360% increase in the price of gold.
  • In the same time period, there was a 991% increase in the Dow Jones (stock index).
  • And in the same time period, there was a 198% increase in dollars over the same period.
  • This means gold outperformed the US dollar almost two-to-one. But the stock market averaged much higher gains of five-to-one in that same period.

Some Other Interesting Facts to Know About Gold IRA’s

  • Gold IRA and Silver IRA are self-directed individual retirement account that allows individual investors to hold physical silver, gold or other precious metals as part of their retirement portfolio.
  • Physical gold, silver and other precious metals in IRA are usually stored in secure vaults and managed by professional custodians.
  • All gold, silver and other precious metals as part of an IRA must meet specific purity standards (Gold must be at least 99.5% pure. Silver must be at least 99.9% pure, and palladium and platinum must each be 99.95% pure) and is typically stored in secure vaults managed by the custodian.
  • Investing in a Gold IRA requires you to be aware of your financial goals for the mid and long-term future. You also need to be aware that investing in a precious metals IRA requires vision and a long-term perspective, as short-term fluctuations in the price of gold shouldn’t scare you and should instead be viewed within the broader context of your overall investment objectives. This means investing in gold and silver IRA is not for the faint of heart. In such cases, seeking guidance from a specialized financial advisor can be instrumental in navigating the intricacies of a Gold IRA investment.
  • Having gold and silver IRAs in your portfolio serves as a strategic asset and gives you peace of mind in knowing that at least part of your retirement portfolio is tied to two precious metals that have never been worth zero.
  • When investing in a gold IRA it is crucial to be aware of the different options available to you. You can buy bars, coins, rare coins, jewellery, bullion, ETFs, mutual funds e-gold…
  • Precious metals IRA’s can be passed on to beneficiaries, including spouses, relatives, and unrelated parties…
  • It is very important to gold IRA companies to have excellent BBB scores. This is because these gold IRA companies mainly operate on the US market and they know BBB is a trusted source of legitimate reviews for any businesses operating in the United States.
  • The most positively reviewed (+A by BBB ) gold IRA companies include Augusta Precious Metals, American Hartford Gold and Birch Gold Group.

Gold IRA Statistics Facts and Trends Guide for 2024 (Conclusion)

These were the latest gold IRA statistics facts and trends for 2024.

Did you learn something new?

Make sure you let me know in the comment section below.

Nikola Roza

Nikola Roza is a blogger behind Nikola Roza- SEO for the Poor and Determined. He writes for bloggers who don't have huge marketing budget but still want to succeed. Nikola is passionate about precious metals IRAs and how to invest in gold and silver for a safer financial future. Learn about Nikola here.

Leave a Comment