With Stormy Economic Times Ahead, Americans with Retirement Funds are Shifting Savings to Gold
US residents may be eligible for a gold retirement account for protection against economic downturns
With the recent financial downturn from 2008 still on the minds of investors and recent global and economic events, Americans are looking for a secure way to protect their funds in case it happens again. Gold has always been popular with investors, but now the average person should consider its solid value when planning for the future. Given recent events with Iran, China, Russia and the exploding US spending deficit, markets are at risk of dramatic fluctuation and investors can lose money in a moment’s notice. It’s always crucial to diversify your portfolio, and you should include a stable segment such as gold in your IRA.
Eligibility for a gold IRA varies on a number of factors such as your age group. Over 101,879 people have already checked if they are eligible for a gold IRA to protect their retirement, and it takes less than one minute to answer a few basic questions.
You can run an eligibility check for a gold IRA by selecting your age group:
Turmoil in the Middle East
With the withdrawal of the United States from the nuclear agreement with Iran, there’s a very high probability things are going to get messy in the Middle East. This can cause oil prices to skyrocket and hurt the global economy.
Record US National Debt
If you’ve been following recent news, US national debt keeps growing dramatically and has risen to a staggering record of $21 trillion, higher than the entire US economy! This is a troubling concern because economic disaster could hit the markets and cause a collapse of value for those holding financial assets.
China Trade Wars
In addition to the internal turmoil in the US, you must consider the growing talk of a trade war with China which in effect has already begun. Tariffs against China sent the Dow plummeting, which could worsen in the months ahead as China retaliates against the US. The result could be increased inflation and a major recession, which would impact people in all economic levels.
Rising Tension with Russia
In addition, rising tensions with Russia, a major superpower, could lead to a global economic disaster due to conflicts of interest in the Middle-East and around the world.
In a worst-case scenario, investors could be left with stocks that have little or no value, with vast retirement savings wiped out.
Because of the reasons above and countless other risks, every responsible investor who has a retirement account must educate himself further about carving a segment of their savings in gold.
Investing in Gold
Gold is well-recognized as a safe investment in troubled economic times. It isn’t impacted in the same way as the rest of the markets because it doesn’t revolve around one country’s economic stability. In the last 15 years, gold has increased by an amazing 300 percent. No other investment can give you that kind of impressive return.
Gold Value Normally Increases During Stock Market Crashes
One of the reasons gold has remained stable is because it’s tangible. You can hold it in your hand and know it exists. Other investments are just numbers listed on the stock exchange which can go up or down.
You can check if you are eligible for a gold IRA by selecting the state you reside in below:
Gold for Retirement
Gold is one of the best investments you can make for retirement. As you get older, you want to choose less risky investments so you don’t lose all your money in an economic downturn. You don’t have time to recoup your losses, which means you would be left without a retirement fund. Unlike other investments, gold doesn’t lose value. In fact, when there’s economic instability, gold’s value increases.
Regardless of whether you currently invest in the stock market or prefer commodities, it’s always good to add some gold to your portfolio. If you invest in real estate, you know how potential falling prices can negatively affect you as they did in 2008.
Traditional retirement plans may not allow you to invest in gold because it’s a real asset. You must have room for physical storage. Gold also requires insurance and special security as well as custodial issues. To enjoy the benefits of a gold investment, you need a gold IRA.
People who are investing and saving for retirement want a portfolio they can count on. They don’t want to worry when the economy suffers from global downturns. Gold is safe and won’t have wild fluctuations or be impacted by inflation. Even when other currencies are devalued, gold will hold it’s worth or even increase in value.
Experts Say “Buy Gold”
Financial experts often disagree about the best approach to achieve financial success and independence in your retirement. However, they will all agree on one thing: gold is a good choice for retirement portfolios.
Performance coach Tony Robbins has turned his attention to wealth and finance recently and even wrote the book, Money: Master the Game, to help others in their quest for financial security. His advice to investors today? Start planning now for an impending crash. Even though Wall Street has been strong in recent years, a downturn is inevitable, especially as markets are currently peaking.
Tony Robbins said in a Fortune article, “the best offense is a good defense.” For many investors, that defense is gold, which can withstand changes better than most other investments and isn’t tied to any single economy or currency.
If you want to be prepared for economic uncertainty and enjoy retirement with an adequate income, gold is the investment you should consider. Look at a Gold IRA to help you have the money you need for a secure future.
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Over 101,879 people found compatible for a gold IRA
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