About gold as an Investment:
Here’s a fact: If you had of put $10,000 into gold in 2002, today, as I write this, your gold would be worth $40,762. Do the math – that’s 408%!
Here’s another one: Since the year 2000, gold has outperformed the Dow Jones, the S&P 500, and NASDAQ, bonds, mutual funds, real estates, and virtually every paper asset from currencies to subprime mortgage bonds. And Gold did this while we were in one of the stormiest economic periods in history.
But even with all of this prosperity, growth is not what gold is about. Since the beginnings of civilization gold has been about security and wealth protection. Gold is about protecting your lifestyle: It is insurance.
It isn’t – that is, not in the traditional sense. Gold is protection against governments, currencies, inflation, and geopolitical turmoil. Gold is like a wall around your wealth that can provide you with security against the misguided fiscal policies of Congress and the make-it-up-as-they-go-along monetary policy at the Federal Reserve.
Gold is an insurance policy against the insanity of Capitol Hill and other world governments whose mistakes and misdeeds can have a direct effect on your savings.
While gold has experienced substantial growth in the last 15 years, gold is so much more than that. Gold is best for the long haul. Gold has not diminished in value in 6,000 years – nothing else on earth can make that claim.
You’ll need to open a new plan with a Self-directed IRA custodian who has the specific expertise and licensing to offer precious metals investments. You will need to transfer your Traditional IRA to a Self-directed IRA which allows you to invest in a variety of alternative investments including precious metals. This is different than a Managed IRA where the investor has little or no say in the investments being made.
Your stockbroker simply doesn’t have the expertise or will to offer precious metal investments. They can recommend and sell plenty of paper gold (gold mining shares, mutual funds, etc.), but they can’t sell physical gold. Unlike with a Managed account, there are no maintenance fees with a Self-directed account – there is no money in it for your stock broker to recommend gold.
Because of this, they don’t know any more about gold than most Americans, which is very little.
So instead, they’ll do all they can to discourage you from investing in gold.
Big financial institutions that act as custodians for most IRAs – whose investments are limited to publicly traded stock, bonds, mutual funds, and bank CDs – will also not talk about gold.
Most precious metals retirement plans begin with a transfer from a Managed or Traditional IRA. The current law allows for both transfers from IRAs as well as rollovers from other qualified retirement plans.
The rules, particularly pertaining to tax treatment, that apply to conventional retirement plans also apply to Self-directed plans. It is always a good idea to first speak to a tax attorney before making any big decisions regarding your IRA.
Each step involves completing and signing a series of forms which with our assistance will only take a matter of minutes.
Every day you wait to protect yourself, your family, and your wealth against future financial uncertainties is another day of putting your retirement at risk. Don’t let your portfolio be missing the one thing that can provide you with a hedge and serve as protection in all seasons and 2015 Gold Siver Investment Guide under most circumstances – gold and silver.
Transferring a portion of your IRA to gold can help to protect your retirement from the highly fluctuating stock market. But before you do anything with your money make sure to do your homework and get the best information available.
You can begin by downloading a FREE mini-course that was designed to help answer many of your questions about gold and silver investing and coins. Full of important money saving investment tips, this guide has helped teach many of our clients to invest like experts. If you’d like to save precious time and possibly thousands of dollars, you need to read this today!
