Investing in Gold for Retirement

Believe it or not, there are many ways you can invest in gold that don’t require you to go to your local jewelry store or pawn shop.  Gold has been perceived as a store value for hundreds of years, and this precious metal is traded daily in many ways.  Today I’ll talk about how to invest in gold with your retirement savings.

Gold Retirement Investing

There are many ways you can buy gold online from your computer, as I talked about in our last blog post.  The last method I mentioned in that entry was about retirement investing.  In specific, a rather popular concept that allows you to use any IRA or 401k plan to invest into precious metals. Precious metals such as gold, silver, and palladium, and perhaps even a few others depending on which company you select to assist you with this process.  What this does to investors is it helps provide a platform to diversity their retirement portfolio throughout many asset classes.  Typically, a retirement portfolio is used to buy bonds, mutual funds, annuities, and stocks.  Using a self directed IRA, you choose a custodian to help you buy precious metals like gold and this allows you to get into that investment yet keep it in your retirement savings.

retirement

(There are strict IRS rules that need to be followed here, and that’s why there are only so many companies we recommend you work with throughout this process.)

Why Invest in Gold?

Are you happy with the way the USA is literally printing money and absolutely hurting your purchasing power?

I know that answer is a resounding NO.

gold bars

Inflation is simply put, OUT OF CONTROL right now.  Trillions of dollars are being pumped into the economy amid a roiling pandemic that has created chaos on the entire world, so it’s never been a better time to analyze alternative investments.  One of the best places to park money throughout history has been in precious metals.  Precious metals have acted as an inflationary hedge for many years.  The best investors, (along with many of the ultra wealthy individuals in the USA) all hold gold in their portfolios.

We’ve curated a list of the best gold investment companies that can help you set up this process and allow you to convert any portion of your retirement savings into a precious metals backed plan.  That’s right, you can take for example 20% of your retirement and convert it based on the spot price of gold and have it as part of your retirement nest egg.  This gives you less volatility from the stock market and allows you to carry a physical asset like gold in your portfolio through any economic times.  If you use one of the companies mentioned, they will adhere to IRS guidelines and help you move money penalty free throughout the process.  This alone can save you years of retirement in taxes alone!

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