We never know when the next financial disaster might occur.
It is risky to have all your eggs in one basket with limited diversification in your portfolio. Are you all investing in the stock and paper markets? We are currently in the greatest stock bubble in history. People in the know warn that the 2008 meltdown could repeat. Did you know that trillions of dollars’ worth of value disappeared in just 15 short months? Many people believe the next crash will be worse. Visit this site gold IRA companies.
The Once and Former Mighty Dollar
One time, the United States was the world’s largest creditor. The United States is now in debt more than all the European Union. Forbes.com estimates that the U.S. government generates $85 billion in debt per month. It’s not surprising that the current dollar is worth only 85 cents. China is now actively working to remove the dollar from the global reserve currency. When money’s value isn’t trusted, it can cause the whole system to fail.
What can investors do to save their money and prevent economic ruin? One result of all the Fed printing this paper is that prices for essential commodities have shot up. It is not surprising that countries like Russia and China are trying to escape the dollar in large numbers and have begun hoarding precious metals.
The Power of Gold
Why gold? Because its price has risen 12 years in a row. This is the most significant asset we know of in the U.S. history that has experienced such an increase. This trajectory suffered a dip in 2013 but has remained mostly flat in 2014. However, it could be on the verge of another major move.
Long-standing research has shown gold’s utility as a tool to protect purchasing power. This record goes back to before the modern financial system was created. It has not seen a drop in its value over the past five thousand years. The nature’s only hard asset, gold. It has intrinsic worth. It has long been valued as an investment to protect against inflation, currency falls, and stock market declines. The value of gold has risen 365% in the last year alone.
Because of their relative flexibility in investment options, IRA accounts can be a great way to plan for retirement. Because 401K accounts are employer-based, they can only invest in stocks, bonds, or mutual funds to make it easier for administration. The gold IRA are not restricted in terms of the investments that they can hold. Collectibles and life insurance are the only two prohibited items.
Due to current economic stability, many retirement account owners have begun to seriously consider gold investing in IRAs. Gold is known for being a safe investment and has attracted many account owners who have lost money in the recent stock market crash. After experiencing how volatile the stock markets can be, many account owners are drawn to tangible assets and solid investments. It is their future at stake when they make investment decisions.
It’s easy to invest gold in IRAs. It is easy to set up a self-directed IRA. You will have to transfer funds from your retirement account, if any, or make a deposit. Every IRA must have a custodian (or trustee) who can allow you to keep your gold. IRS rules say that account custodians can only execute investment transactions as directed. The IRS doesn’t prevent the IRS from imposing additional prohibitions.
You are now ready to invest in your gold IRA by setting up your self-directed bank account. There are two options available for investing your gold in an IRA. As your gold asset, you can choose to purchase stocks from reputable miners. The other option is to keep physical gold in an account. Both options are possible when it comes to gold investment in IRAs. You will need an IRS-accredited storage unit to store physical gold assets within an IRA account. Custodians and account owners are not allowed to handle any physical gold assets within an IRA account.
You should also consider other factors when considering gold investing in IRAs. Keep in mind that the IRS sets standards regarding the quality and purity of gold assets you can have in your IRA. These standards limit your choices to a small number of options. If you’re looking for gold bullion coin coins that are inc