What is the Smartest Way to Invest in Gold?
There are many ways to invest in gold, but there is one way that is by far the most advanced way to grow wealth and allow your precious metals investment take the time it needs to outpace all markets.
If you are an avid reader, you probably know our passion for the precious metals IRA. If you are new here, let me explain why the smartest way to invest in gold is through a gold IRA.
Before you read this review:
We feel that rocky markets are ahead and that many of you are making financial decisions aimed at keeping your hard earned savings intact.
We also know the difficulty that goes into choosing a company you can put your trust in when buying precious metals. This is why we performed years of research to help investors make an informed decision.
The below link shows our findings on the most highly trusted and recommended investment companies to make your investing choices easier.
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Why Gold IRA’s are the Smartest Way to Buy Gold
If you are an investor, you have to have short, mid-term, and long-term goals. For me, my focus is always on short term goals without losing sight of long term goals. I’ve seen three major bull markets and a massive recession, and if you ask anyone, we’re on the verge of another one right now.
What helped people survive the recession in 2008?
Precious metals. While many equities lost 30, 40, even 70% and greater, gold and silver prices skyrocketed.
Sadly, very few people took advantage of precious metals investing, and even more sad, many people had to entirely alter their retirement plans because of the severe financial losses that occurred in their retirement portfolio.
What they didn’t know is that they could have avoided all of this by investing in a precious metals IRA.
How these work is quite simple:
You contact Goldco, (our recommended IRA provider) and get their free wealth protection kit. You can see our Goldco reviews and learn more about them prior if you’d like.
This kit outlines the benefits of investing in gold and silver, as well as talks about how much money you should allocate if you are looking to really diversify your portfolio.
Some people will urge you to invest 5 – 20% of your retirement savings into precious metals, but that number is entirely up to you.
So let’s say you have $400,000 saved in your retirement. You can set up your gold IRA, (which can hold silver as well, I hold both) and allocate whatever amount you want into this investment.
- 5% would equate to $20,000.
- 20% would equate to $100,000.
There is no wrong answer, other than, in my opinion, NOT having precious metals in your retirement. If a scenario plays out like 2008, will you be able to keep your retirement plans on track if your portfolio drops by 30% or greater?
Will you sleep better at night if you have an allocation in precious metals that could potentially double, or even triple, while the rest of the market tanks?
This is why gold is the smartest retirement investing, period. Nobody will ever change my mind about this and I’m a staunch advocate of this gold IRA. Everyone should be making an IRA investment in gold, or silver.
Of course, watch out for gold IRA scams, as they are out there and should be taken note of. However, if you stay with one of the reputable gold companies that we have personally vetted, I can promise you that you’ll be in good hands as all have passed our litmus test and also have been rated on numerous third party peer review sites.
One newcomer that is worth mentioning is Legacy Precious Metals, a company that has leadership that used to be involved with NobleGold investments, which is a company you will find on our top rated company list.