A savings account is designed for long-term savings, while a checking account is designed for day-to-day transactions. Savings accounts typically offer higher interest rates and have restrictions on the number of withdrawals you can make each month, while checking accounts have lower interest rates but allow for unlimited withdrawals and transactions.
A stock represents a share in the ownership of a company. When you buy a stock, you become a shareholder in the company and have a right to vote on certain company decisions.
Investing in a gold IRA can provide a hedge against inflation and economic uncertainty, as well as diversify your investment portfolio.
There are several ways to invest in gold, including buying physical gold coins or bars, investing in gold ETFs or mutual funds, or trading gold futures contracts.