How’d you like to be sitting on an investment with a record of outperforming the stock market by 400%?
Had you purchased gold a decade ago that’s exactly what you’d have today. Since 1999 the price of gold has risen over 500% and many analysts believe that at its present value gold is still undervalued! Some experts believe that gold could soon rise by another 50%.
Yet despite being one of the market’s best performing areas, this is only a part of the story of gold.
As the national debt ceiling inevitably rises and the dollar diminishes, the price of gold increases. Today, our government’s debt is the highest it’s ever been. The reality is the dollar can no longer be considered the storage of wealth it once was. Gold, on the other hand, has been a safe haven for wealth for over five thousand years.
Gold is nature’s hard asset. Gold isn’t subject to the dilution or devaluations of other paper assets. Gold’s value isn’t at the mercy of governments or financial institutions. In fact, gold historically tends to move counter to the direction of stocks. Over the last decade, one of the stormiest economic periods in history, gold still managed to beat out the Dow.
Gold can’t be printed like money, and unlike stocks, it won’t ever merge or split. It’s no accident that gold has been the standard store of wealth through the ages. This is why considering gold as a part of your retirement portfolio may be your best choice for securing your nest egg in the long run.
Put simply, financial advisors are licensed only to recommend publicly traded securities. Some financial advisors may recommend precious metal Exchange Traded Funds (ETFs) or mining stocks which offer a way of taking advantage of the growth that’s occurring in the precious metals market. They will do this instead of recommending investing in precious metals.
Unfortunately, investing in ETFs and mining stocks is not the same as investing in precious metals. As was said before, precious metals are tangible assets. ETFs are like any other paper asset, they are susceptible to same factors of volatility of the stock market, inflations, company earnings and corporate fraud.
The concept behind creating a Gold IRA is to add gold or other precious metals as a retirement option instead of using the traditional 401(k) model. You will have to purchase all of these items in the form of either bullion coins or bars. They also need to meet very specific requirements as far as their fineness is concerned. Once purchased, you can put your gold into an IRA in a fully insured and secure depository or take possession of the physical gold yourself, each option has its own benefits
While setting up a self-directed gold-backed IRA is no more difficult than setting up a traditional IRA, there are some things you’ll need to know to protect yourself.
Whether or not you’re a savvy investor, or whether you’ve invested in gold or other precious metals before, there are things you’ll need to know to protect yourself. Don’t invest your precious retirement funds before you get the best information. To help in your investment knowledge we’ve created a new free mini-course entitled “What You Really Need to Know to Invest Profitability in Gold & Silver.” This valuable course is filled with tips and expert advice to help you make the decisions that could save you thousands of dollars.
Don’t leave your investment to the mercy of the market. Learn about protecting your retirement with gold and silver today!