The city of Fontana started attracting thousands of residents after 1933 when a steel mill was built in the area. After that, investment opportunities started growing here, one of the most popular being gold. Moreover, residents have increasingly looked to buy silver, palladium, and platinum as alternatives to gold.
One of the main reasons people continuously invest in gold is that it serves as a hedge against inflation due to its relatively stable price. The price of gold, unlike the U.S. Dollar, has been steadily increasing for decades. That’s why it can be an attractive investment option for residents of Fontana. Additionally, it's worthwhile to monitor current silver prices and consider investing in silver as it offers another avenue for portfolio diversification.
If you want to establish a gold IRA, there are two simple steps you need to take:
The IRS also allows you to roll over your funds from a pre-existing account. The rollover process should take less than 60 days to avoid paying an early withdrawal penalty.
For those looking beyond gold, they can also buy silver, palladium, or platinum coins from select dealers.