Given the economic and political problems confronting the global markets, a gold IRA may be the only available option for the members of our society who want to retire comfortably, with their wealth secure.
Posted by Adam King on February 15, 2012
Gold IRA the Only Golden Retirement
February 15, 2012 – Given the economic and political problems confronting the global markets, a gold IRA may be the only available option for the members of our society who want to retire comfortably, with their wealth secure. It only takes a brief look at the rate of inflation to conclude that the value of money is changing more rapidly than at any other time in history. For our retiring work force, who must rely on the prudence of their investments as they live on a fixed income, the inflated US dollar and related paper assets are unreliable and possibly even dangerous.
There are now over $107 trillion worth of valueless paper derivatives in existence on the open market. These are paper debt instruments that were created at the push of a button by banks and firms on Wall Street. Their value is “derivative” of a completely independent good, yet these pieces of paper are being traded all around the globe and included in many retirement portfolios as though they had value. Recall the crisis of 2008 and how much toxic real estate was in retirement portfolios. No matter how good your money managers are, or how carefully your company picks its investment firm, they still must include some of these investments in order to remain viable in the market.
The clear answer to this behavior in the markets and the watered down US dollar is a gold IRA. A gold IRA permits you all of the tax incentives and efficiencies of a traditional IRA, the option to include other precious metals at your discretion, and the ability to trade actively with the market as you see fit. If you feel gold is at a peak, you can sell some at a profit and buy on the dips.
Gold is the traditional store of wealth of the world and has been for thousands of years. The value inherent in a tangible commodity is the exact opposite of valueless paper derivatives. No one can make more gold. We cannot print more gold with the push of a button. There is only so much in existence above ground and only so much coming out of the ground on a daily basis. This provides the scarcity necessary for a traditional supply and demand. Because there is only so much in the world, it has a definite value, unlike derivative instrument or even the US dollar.
Gold is a trustworthy metal and is the best basis for building a retirement account. You can count on the inherent value of gold to fight the inflationary monetary policy that is being pumped out by the government. A gold IRA is the best option available to plan a retirement where you have all the options and where the fiscal policy of big business and government cannot inflate value away.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market