Given the recent fragility of the US dollar and the uncertainty of other traditional investments, gold has become one of the most solid, reliable investing opportunities. In fact, many people today are looking at their retirement investments with an eye towards creating more profit in the near term and taking advantage of the trend towards gold.
Rolling your 401k to a Gold IRA is certainly an investment that is worth considering. With the US dollar still being devalued and the uncertainty of the stock market, a 401k rollover to gold may be your best move. There are a number of reasons why you should consider purchasing more gold to help diversify your portfolio.
Stability: Since the housing market crashed in 2008 and took many traditional investments down with it, gold has prospered. In fact, gold has been the precious metal that most people have turned to help stabilize their investments and close up losses that occurred in their other traditional investments.
Given the unpredictability of the economy, the devaluing of the dollar and continued uncertainty on the world market, investing in gold can certainly help stabilize an investment portfolio.
Inflation: One of the rising fears in the marketplace is concerns about inflation stemming from the Federal Reserve’s policy of quantitative easing. The mere threat of this policy being reduced caused the fears of inflation to resurface, much like they did in the late 1970s and early 1980s. With inflation brings a further devaluing of the dollar, but precious metals and in particular gold actually acts as a hedge against rising prices.
As inflation rises, the value of gold also rises at rates that generally exceed inflation. This makes gold an excellent investment for those who wish to do a 401k rollover to gold.
Price: Although gold is at a high point in terms of price, it is not expected to drop in the foreseeable future given current events. As the world continues to experience economic and political uncertainty, gold remains strong in terms of pricing and overall value. This is because gold has an inherent value that resists being diminished by economic or political factors that engage the world.
The Benefits of Rolling Your 401k into a Gold IRA
There are a few benefits that you can enjoy by rolling a 401k into a gold IRA as opposed to simply transferring the value into your gold IRA account. First, you avoid the 60 day period that lies between withdrawing your savings from one investment plan and depositing it into another. Transferring the money allows you more breathing room.
In addition, you get the time needed to go over your entire investing portfolio to maximize your profits and put you into a better financial situation. In this case, going with the best Los Angeles gold investment firms Global Gold Investments allows you to experience the expert advice and considerable value in moving a part of your portfolio into gold. Such a move carries with it great benefits during these troubled times as gold provides a well proven hedge against the ravages of an uncertain economy.