Simply put, a gold IRA is an gold investment whose funds have been invested in the commodity of Gold. A gold IRA is backed by gold instead of paper notes. A gold investment is investing in a precious metal, which is substantially less prone to decreasing in value unlike stocks, bonds or investments that are backed by paper promises such as the dollar. This makes a gold IRA a safer place to have your retirement funds.
A gold IRA shields you from a plethora of common pitfalls. You’re protected where others are exposed. An individual with an IRA not backed by gold has to be concerned about rising inflation. They have to worry about unstable interest rates, wars, and bank failures. With a gold IRA you rest assure. When you have an IRA gold investment, your portfolio has a gold safety net.
A gold IRA is a smart investment. But, like other investments, timing is important.
Of course, we recommend you transfer to a gold IRA, but here are a few optimal times to make a gold investment:
In the financial sector, gold is popularly known as the “crisis commodity”. It’s the best performing asset in times of trouble and uncertainty. Historically when events such as wars, inflation, high budget deficits, falling stock and bond prices, weakening of the U.S. dollar, or increasing oil and gas prices take place – gold prices are always driven up. Why? Gold is a natural resource. There’s only a finite supply of it in the world, and unlike paper money, it cannot be endlessly produced by governments. In turn, this always makes a gold investment much more stable than other investments.
Today, almost all of these events have unfolded. There seems to be no end in sight for our wars in Iraq and Afghanistan, oil is closing in on $100 a barrel and still on an upwards trend, as well as the dollar continuing to depreciate in value every day. Now is the time to protect your family’s wealth with a gold IRA.
This information kit is the perfect starting point, with everything you need to know before making your gold purchase.
