Gold IRAs – Safeguard Your Future With A Gold IRA
Investing in gold for retirement is now possible with gold IRAs. This individual retirement account, unlike traditional IRAs and 401(k)s, can hold part of retirement fund in precious metals such as gold and silver. In the recent years, the number of investors who have turned to gold has increased for a number of reasons. The following are some of the reasons.
They Discovered Real Estate is not a Solid Investment
Before the real estate bubble, investing in real estate was a seen as the best way to get high returns on funds invested. When the bubble burst, investors and retirement fund managers discovered that real estate is not so solid after all. This left them with only a few other options; mutual funds, stocks and bonds.
The Stock Market is Unpredictable
The stock market has its highs and lows. There are many macroeconomic factors and political dynamics that may lead to a market crash. This can affect the returns on investments. The speculative nature of the stock market make it undesirable.
Gold IRAs -Bonds Offer Low Returns
Bonds, whether they’re issued by the government or corporate entities, offer very low returns compared to gold. If you are going to retire 35 years after you start saving, the returns offered by bonds may not be sufficient.
The Benefits of Investing in Gold
Gold produces very high returns. The per ounce price of this precious metal has been increasing rapidly in the recent years. Therefore, it is the better asset to invest in. visit http://www.regalassets.com/a/2946/ to invest in gold or get more information about gold IRA.
Gold IRAs – Gold vs. The Dollar
The Gold Standard was abandoned in the year 1971 in the United States. Since then, the value of the dollar has depreciated significantly. The Federal Reserve can print dollars as it wishes, and this devalues the currency. This depreciation can significantly affect the value of money invested. Gold on the other hand, has a limited supply. Its value cannot be devalued by any government. As a non-renewable resource that cannot be manufactured industrially, its supply is limited. The following are some quick facts about gold from http://www.regalassets.com/a/2946/:
– It cannot be manufactured
– Demand is greater than supply
– It’s used to make jewelry and electronics
– It’s a non-renewable resource
– Its value always increases with time
– The world’s superpowers and super rich are buying as much gold as they can
These are some of the reasons why a gold IRA is the best hedge against irresponsible governments.
How to put Gold in Your IRA
A traditional IRA or 401(k) only allows for investment of retirement funds in mutual funds, fixed deposits, bonds and stocks. However, changes to legislation have made it possible for investors to add gold and other precious metals to their portfolio through gold-backed IRAs. To do this, they need to open a gold IRA account with a reputable gold investing company and roll over their funds to the new individual retirement account. Visit http://www.regalassets.com/a/2946/ to get more information on opening a gold-backed retirement account. Investors can invest in gold in two ways:
(i) Buying Physical Gold
Investors can use their funds to purchase physical gold in form of coins and bars. The gold is then stored by a government-approved custodian. Upon retirement, the gold is shipped to the retiree.
(ii) Buying Gold Certificates
Gold certificates are as good as physical gold. The document shows that the investor owns a certain amount of gold. Upon redemption, the certificates are exchanged for physical gold.
The dollar has one major disadvantage; it is a legal tender. It may be accepted worldwide today because of the economic stability and might of the US. If these two factors change in the future, the dollar, together with your retirement savings, may become worthless. Gold, however, has a proven track record, it’s accepted everywhere, and its value is well known and accepted.
Gold IRA Rollover
Gold IRA Investing
Physical Gold in an IRA