Top Reasons You Should Start Owning Gold Today

Times are changing – if you’re not paying attention to the economy, then you could find yourself with the short end of the stick. Many Americans are aware of this and are actively investing in various assets. But only a select few are spending their dollars on gold.

For thousands of years, gold has been held at a high standard, and it still is. But rather than carrying out gold coins, like we did in the the B.C. era, we can invest in gold bars and coins that is held by the bank. Then when things go awry with the economy, you can always have something to fall back on.

If you’re not convinced now is the time to start investing in gold, then continue reading.

The U.S. Dollar is Weak

Once upon a time, the US dollar was a gold mine of its own. But as of late, faith has been lost in the US dollar and so the value of it continues to decline. Currencies gain and lose value everyday, but over the years, the USD market has climbed lower and lower. Not to mention the growing US deficit isn’t helping much either.

To give you some perspective about gold’s value, look at this – between 1998 and 2008, the price of gold tripled. At this point, it was worth $1,000 per ounce. Then between 2008 and 2012, it reached the $1,800 to $1,900 mark.

Then There’s Inflation

The one commodity that holds up well against inflation is gold. This is so because gold prices rice whenever the cost of living does. Over the past five decades, gold prices have skyrocketed, while the stock market plunges during years of high inflation.

Don’t Forget About Deflation

During the period of deflation, prices start to decrease and business starts to decline. This is when the economy becomes burdened with too much debt. This occurred back in the 1930s during the Great Depression. Again, gold prices remained steady and high even when the prices of everything else dropped sharply.

It Holds Up During Geopolitical Uncertainty

It doesn’t matter what’s going on in times of financial and geopolitical uncertainty. When tensions rise around the world, gold tends to outperform other investments. This is what we saw when major price movements occurred during the European Union crisis. Gold faired pretty well.

Diversify Your Portfolio

As they say, you never want to put all of your eggs in one basket. If you’re investing in real estate, businesses and stocks, then you know how shaky the markets can be. With gold, you are able to have a backup plan that is actually sturdy. Gold will likely never lose its value, so you can’t go wrong with this asset.

At the end of the day, you want to ensure you are financially secure no matter what the world throws your way. Your family can have a cushion to fall back on in times of adversity and economic downturns.

Then with the extra money you conjure up from your gold investments, you can enjoy having the better things in life, such as food, clothing and a roof over your head. If you really handle your finances well, you can enjoy vacations at while staying in a room at Riu.

Investing In Gold with a Gold IRA

Very few people have heard of a Gold IRA and for most workers, they opt for a traditional IRA. IRA’s and 401K’s are vastly important for a host of reasons. When you reach retirement age you want to know there is enough money in the bank to enjoy a fairly comfortable life. Unfortunately there are millions of older people who find themselves back at work at age seventy because their pensions didn’t last long. No-one really wants that and in truth, money isn’t going as far as it once did which is a real issue to say the least. However, it does seem as though people are investing in their futures and precious metals are the ideal choice. So, is investing in gold really a possibility and should you consider it?

IRA’S can be Very Different For You

Most people believe if they have a 401K or solid IRA it means their money is safe for the years ahead. However, the money you put into these funds are put aside and invested with by the relevant authorities and if something should go wrong, you could lose everything. Money isn’t as stable as it was maybe ten or twenty years ago; the world is hitting a financial crisis and it’s causing the value of money to drop unexpectedly. Precious metals on the other hand, such as silver and gold are constantly rising and they may be the ideal solution to your retirement problem. 401K to Gold IRA rollover is something more people are interested in and it’s not hard to see why. Gold IRA’s are very new but allow you to invest in gold rather than the traditional money value.

Why Choose Gold IRA’s?                              

Precious metals have been well documented over the years and for the most part, they tend to fluctuate but usually they are stable and increase in price. For example, let’s say you purchased a bar of silver or gold and it was around two hundred dollars, in a few years time, or even a decade, it could be worth double what you paid. Gold especially has a tendency for rising in value and that’s one reason why a Gold IRA is a wise move. Gold IRA’s really are a popular tool for many and you cannot blame people why they want a more stable retirement plan.

You Must Search For the Best Gold IRA Companies

If you like the sound of a 401K to Gold IRA rollover, it might be worth looking into further. Searching for companies that offer Gold IRA’s are quite easy to find. Once you find them, you can enquire as to how their particular IRA works and whether it’s suitable for you. This is something you can start at any age really and you shouldn’t have too much to worry about either.

Is It Right For You?

Retiring is a big thing and when you reach the retirement age, you want to know you don’t have to work until your ninety. Having a nice little nest egg to live-off will be very important especially in this tough climate. Looking for Gold IRA accounts might not seem very appealing to you at the moment, especially if your knowledge on them is limited but again, it’s a real potential. It’s wise to get to know about these and make a very careful decision over them also.

Retire Without the Stress

There are too many people in their seventies who are forced back into the workplace and that at their age, they should be enjoying life. You don’t really want to work until old age as it’s hard on your body and you don’t get to enjoy the things you want to. At is why looking into a Gold IRA might be worth your time. If you’re interested find the best Gold IRA companies and get started today.

Check out this link for more informations: http://www.bankrate.com/finance/investing/5-tips-investing-in-gold-coins-1.aspx