Gold and other precious metals act as a store of value because they maintain their value over a long period. Gold’s purchasing power has remained stable and consistent over time, while the US dollar has lost 98% of its purchasing power since 1971. Inflation is on the rise, weakening the dollar.
Typically, gold and silver have an inverse relationship with the dollar's buying power. Gold IRAs provide protection from stock market volatility, geopolitical instability, and weathering the inevitable cycles of inflation and recession.
Reason #2: Retirement and Asset Security
Simply put, money is not an investment. Money is an instrument to transfer goods and services from one party to another party.
The only thing that matters when you are retired is your buying power, not how many dollars you have.
In retirement, when true inflation reaches 15%, your cost of living potentially doubles every 5 years. One of the key benefits of investing in gold is offsetting the weakening dollar and thereby securing your retirement savings.
Reason #3: Greater Control
Private ownership of tangible, physical precious metals puts you in a better position when the standard market assets are in a downturn.
Gold IRAs and private precious metals investments enable an investor to hedge and protect against losses experienced by stocks, bonds, and paper asset portfolio holdings.
What Precious Metals Are IRA approved?
How will your 401K or IRA perform when the next financial crisis hits? If the stock market were to take a downward turn, or worst, experience a catastrophic crash, would you run out of money in retirement? Would you be forced unexpectedly back into the job market? Fortunately, you can manage your risk with precious metals.
Whether it is a bear or a bull market, precious metals are the ideal asset to hold for portfolio diversification and retirement. Simply stated, gold, silver, and other precious metals have stood the test of time and will continue to.
Jayson T. - Augusta Precious Metals Customer
Augusta Precious Metals is honest, reliable, and saved me a lot of time
"Augusta Precious Metals is the company to go to when it comes to customer service and gold IRAs. Their staff is honest, easy to talk to, knowledgeable, and well-informed. When speaking with them, they addressed all my concerns and presented the most common options to me in the way I understand it. This saved me a lot of time in my personal research on precious metals. They have earned my trust. I feel that Augusta Precious Metals is the best option for buying gold and silver."
Sophia - Birch Gold Group Customer
The staff walked me through the process.
The staff walked me through the process. Did not even know the exact name of some companies, but the staff help find where my 401ks were and helped get them switched.
Joanna - Regal Assets Customer
Professional and Expert Advice
Ryder was very helpful in explaining my options regarding my purchase of precious metals. Thank you for your professional and expert advice
ED ERWIN - Noble Gold Customer
"Best of the best!"
"Noble Gold is by far the best of the best! I cannot think of doing business with any other company. Everyone I have dealt with (especially Paul) has been extremely knowledgeable,friendly and helped both my wife and I immensely. Paul did his best to get us the best deal possible.”
Lawrence - Goldco Customer
Professional and Positive Attitudes
With the intention of switching part of my traditional IRA to a precious metals IRA I vetted a number of highly rated companies. My experience with Goldco was very positive from initiation. The professional attitude of all I interacted with gave me the confidence and knowledge to proceed. They are open to any and all pertinent questions with the expertise to give cogent answers.
RM Mohtasham - BullionVault Customer
Total transparency. would recommend to anyone. Ease of use, reliability and physical possession put Bullionvault ahead of other such providers
Author, lifelong investor, and creator of PreciousMetalsInvestmentPortfolio.com.