With a predicted rough economic storm ahead, those with retirement funds are protecting themselves with gold
After recent unnerving events with Iran*, China**, Russia***, and the exploding US spending deficit, many Americans are now looking for a secure way to protect their funds in the case of a market downturn.
Diversity in your investment portfolio has always been crucial, but it’s even more crucial now. Gold has always been a favored investment, and now considering its solid value is being encouraged. It’s always essential to have a diverse investment portfolio, and you should stabilize it by adding gold in your IRA.
Here’s who is approved for gold bullion (coins):
- American Buffalo Bullion Gold Coins
- American Eagle Gold Coins
- Australian Kangaroo/Nugget Coins
- Austrian Philharmonic Coins
- Canadian Maple Leaf Gold Coins
- Chinese Gold Panda Coins
- Credit Suisse/PAMP Suisse Gold Bars/ various Gold Round and Bars .995
- Proof American Eagle Coins
Your age is also a factor in seeing if you are eligible for purchasing gold.
Why you should be investing in Gold:
First off, gold is a safe investment in a rocky economy. It doesn’t have the same impact on investments because it doesn’t revolve around one country’s economy – which is different than the rest of the market. Gold has increased by 300% over the past 15 years. Historically, there’s no other investment that can give you that type of return.
In fact, Gold value typically increases during a crash. Researchers have found that the reason for that is because it’s tangible. Whereas, other investments are just a number. This is why Gold is one of the best investments you can make for retirement.
As you age, you want less risky investments so that you won’t lose all your money in an economic downturn. You won’t have the time to regain your losses, which could very well mean you’d be left without a retirement fund. Gold does not lose value. It does the opposite. It increases.
Economic experts say the best approach to a stable and well-off financial future is to invest in Gold. Be prepared for a rocky economic storm, don’t be swallowed up by the storm.
Learn what steps to avoid when investing in a Gold IRA here.
*The United States left the nuclear agreement in 2015, and Biden says his priority is to rejoin the agreement, but no moves have been made thus far. Meaning, there’s a high chance that there will be turmoil in the Middle East soon. Oil prices are predicted to skyrocket (even more than we’ve seen thus far) and hurt the global economy.
**There have been whispers about a trade war with China, which in effect has already begun. Tariffs against China sent the Dow plummeting. Forecasts show this could worsen when China retaliates against the US in the next few months. There could be increased inflation and a major recession – affecting people in all economic stances.
*** Tensions have been rising with Russia, which could lead to a global economic catastrophe due to the conflicts of interest in the Middle East and around the world.
