Edmund C. Moy, former United States Mint Director and Chief Strategist for Fortress Gold Group, says that investing in gold and other precious metals can balance risk and reward in a portfolio. Gold prices tend to rise when the value of the dollar drops, making it a good hedge against inflation. Gold IRAs can be a safe haven during economic turmoil, unlike stocks and bonds. However, he also notes that not all IRA accounts allow gold investments and that a Gold IRA often comes with higher fees compared to traditional or Roth IRAs that invest solely in stocks, bonds, and mutual funds.