Joe Stewart here, with a quick article that asks whether 2013 is the right moment to begin buying precious metals. The last few years have been quite volatile in terms of the price, but if you look at a chart of gold and Silver over 10 years or more you will see the long-term benefits to investing. You can get the best place for gold IRA in this sites.
As the dollar loses value each year, it is clear that gold and silver prices will be on the rise. But the question is “WHEN?”
After President Obama’s 4th term in office, and the upcoming fiscal cliff, the most wealthy Americans have been turning cash and IRAs into hard tangible assets such as gold and silver for many decades. They must know more than we do. Is it a good time to start buying gold and silver now? Here are my thoughts.
We can only hope that people of lower income have the opportunity to buy silver while it is still inexpensive. People will scramble to find ways to pay the bills and acquire a boatload of silver or gold to replenish their savings and 401k accounts when the United States Dollar crashes.
I know many couples who bought silver at under $10 per an ounce. They then cashed in on their silver at $40+ an troy ounce and went to cash to pay for their family home. Imagine how it would feel! You can buy a house for your children and yourself for many years without a mortgage. It’s smart to trade your cash for gold and/or silver at this point.
Personally, I have been diversifying when deciding on precious metals. My current home-based business offers tax benefits and residual income. I now buy Numismatic coin through it. However, for investment purposes, I take the net profit from my home based business and invest a small percentage in gold bullion like bars, coins, and rounds.
This article should have informed and educated you on the risks of buying precious metals today’s corrupt economy. How to prepare for the worst, so you know how to make the most of the best times.
One thing all investment counsellors will agree upon is that you should never let your money just sit in a bank account. You need to put it to work. You must hedge your risk, since investing is not without risk. Finding your investment niche is found when you are able to consider risks, make intelligent decisions and use the information you have. The gold IRA companies definitely can help.
Gold IRA Companies are best known for showing people how to create a Gold IRA. Why do you ask gold? You may ask, “Why gold?” Gold, on the other hand, is a commodity that retains value much better than bonds or paper securities. Since ancient times, gold has served as the best measure of value. Wealth was measured by the value of gold. Even though the world no longer measures against gold reserves, precious metals like gold are still solid investments that can be used as a hedge against market fluctuations.
Rollovers from a 401K/IRA to a Gold IRA are easy with the help of Gold IRA. Your portfolio will be more stable and you’ll have insurance that meets gold standards. Easy as: Fund, Open and Choose. You will first need to contact a representative of a gold IRA firm to get your account opened. Their IRA Custodians have the expertise to guide your investments in the correct direction. The account can be opened in a few days and then the second stage is possible.
It is time to fund your gold IRA. Your dedicated custodian, who will also work with the firm that handled your former account, will transfer the assets from your former account into your new Gold IRA account. There is nothing more to do than sign paperwork once it has been completed by the gold IRA expert. You don’t have to worry about transfer logistics or make phone calls – the gold IRA provider does everything for you. Is it really that simple?
This gold IRA business excels at teaching you how start a golden IRA. In a couple of days, they will have you at step 3. It is almost too simple. Why should you work harder for your money? With gold IRA, you will never have to worry about that. In the final step, you will have to make a decision on what assets and precious metals to add to your gold IRA. If you want to be able to look forward into the future, you can mix paper assets with gold or silver. You can’t go wrong if you call the company that offers gold IRAs and make your money work even harder.