If you are saving for retirement or any other future endeavor, your portfolio should include gold, silver, and other precious metals. Doing this will substantially stabilize your financial situation, especially during tough economic times.
If you are concerned about your financial portfolio and need protection against the drastic swings of the stock market, and if you are considering the possibility of investing in precious metals, this information could be of great help. People have always looked for a way to safely invest their hard-earned money to increase their wealth.
Historically, a precious metals individual retirement account has proven to be one of the safest ways to do it. Many seasoned investors find that investing in a precious metals account is a necessary endeavor, especially if you have money in the stock market, such as a 401k. Your paper money is exposed to drastic changes in the stock markets, don’t forget about technology. bubble, remember 2000, and the housing bubble, remember 2008?
The housing market crashed in 2008, causing a financial crisis (we are still paying) that affected everyone in this country. Large banks and other financial institutions made home loans to people who could not repay the money they had borrowed.
The bankers knew these loans were suspicious, but they made them anyway. This caused the housing market to collapse, sending financial institutions (Goldman Sachs, Morgan Stanley, and others) and our economy into a tailspin recession.
After this debacle, the banks came running, begging us (the American people) to help them. With our money (trillions of dollars), the government bailed out the big banks and the fat cats of Wall Street. These people, who caused this mess in the first place, even received (multi-million dollar) bonuses. I would like to ask you a question, did someone rescue you for your losses? Did you get a bonus?
Most of the people on Main Street cannot understand why no one on Wall Street was held responsible for this financial debacle that caused so much pain and struggles for the average citizen and investor. Many, who were invested, lost an enormous amount of their wealth; sadly, some families lost all their savings.
Large numbers of people who lost money on Main Street do not trust the people on Wall Street, and many will never invest again. The Wall Street fiasco taught many people that you can’t get things you can’t pay for; you must live within or below your means.
He also taught many investors that they must protect their financial future. If some of these people had invested a percentage of their funds in a precious metals account, they would have found themselves significantly protected from such drastic losses.
When you finally make the decision to retire, preparing for your future should always be part of your current plan. You should have a financial program that generates income, hopefully it will last you for the rest of your life. In order for your retirement funds to last the rest of your life, you must ensure that you have invested in the right financial vehicles to generate that income.
When most people think of generating ongoing retirement income, their first thought is to invest in an IRA, which is based on paper money. With the current state of the economy and the way the stock market changes day by day, there are always uncertainties and perpetual bubbles that can burst like in 2000 and 2008.
The bursting of these bubbles erases all the retirement accounts of many retirees. History has shown that gold and other precious metals have withstood the test of time and withstood these devastating economic storms.
If you have a retirement account that is invested in paper assets, you will most likely benefit from a Gold IRA rollover. Gold is valuable because it cannot be duplicated and it cannot be printed. Gold must be found, dug up, and formed into bars, coins, etc. There are limited amounts of gold that cause its value to continually increase. That is why you must invest a part of your retirement portfolio in gold. Gold has always performed well and its value has increased significantly in recent decades.
With the economy in bad shape and the national debt growing out of control, the value of gold is expected to rise in the coming years. This prediction, along with its past history, makes gold an excellent addition to any retirement portfolio.
If you invest your money without the protection of a precious metal IRA, you are gambling. It is as if you are in a casino, sitting at a slot machine or rolling the dice.
You are betting on an economy that is fighting some tough opponents, you need a champion to fight these evil contenders which include, the National Debt of the United States, which is in the trillions of dollars, the devaluation of the dollar, which makes the lose dollar. its purchasing power, quantitative easing, which makes central banks buy more government securities, hyperinflation, which causes runaway inflation, political unrest, Democrats and Republicans fighting each other, and wars, with ISIS wanting to kill us all.
Gold is the reigning champion who has been defending his title for centuries. He has fought these contenders and has won every time. So let the champion (Gold) help you fight your financial battles. Even though these contenders have been eliminated, time and time again, they are always looking for a rematch.
At any moment, one or more of these factors could cause this weak economy to plummet. If you want more financial security in retirement or any other financial endeavor you undertake, you should consider putting a portion of your money in a precious metals IRA.
I know you are sick and tired of hearing about Armageddon, the battle between good (gold / silver) and evil (fiat money), paper money, but these factors are real.
Your money has a better chance of surviving, if you don’t have to fight the factors mentioned above, and the safest way to do that is with a precious metals account.
Today, the United States and other nations use a fiduciary system (paper money). This system is not backed by a physical asset, such as gold or silver. The United States’ monetary system used to be backed by gold, but in 1971 President Richard Nixon took the country off the gold standard.
Any fiat money system is venerable, due to the amount of paper money that can be printed, leading to inflation and eventual failure. When these failures can no longer be excepted, then the most practical decision will be to return to the system that is backed by gold.
A Gold IRA rollover will act as a safety net against a portfolio of paper money. It is well known that the almighty dollar will devalue further, if the Federal Reserve continues to print more dollars, causing inflation. The more access you have to something, the less valuable that item will be. Printing more and more dollars only makes the dollar less valuable.
A portfolio of precious metals will act as a remedy against this inflation, because it cannot just go out and print more gold; that is why it is so valuable.
Gold has steadily increased in value; How many other investments can make that claim? Gold is valued in every country in the world.
A Gold IRA should be one of the first steps you should consider when diversifying your investments.