In recent years there has been a significant increase of those who are taking advantage of a plan that consists of a Rollover IRA into gold, and for good reason.
Year after year hard working Americans look over their 401(k) investments, looking for better ways to protect and manage retirement savings. For those of you who are considering rolling over your 401(k) into a Gold IRA (in full or partially) this year, then you couldn’t have picked a better time. Let me explain why from the beginning…
What is an IRA?
“IRA” is an acronym for “Individual Retirement Account” and denotes a specialized retirement savings fund. As legislated devices, IRAs afford distinctive benefits by enabling tax-deferred growth of tax-deductible contributions. Primary tradeoff is heavy penalties for premature or otherwise unauthorized withdrawals.
Gold IRA Investing
Gold IRAs are identical to conventional IRAs in most respects. The primary distinction of gold or any other precious metals IRA is allowable portfolio acquisitions limited to titular asset category. Although disadvantageous at first blush, this feature is quite beneficial, due to unique gold properties that are reducible to “finiteness” and “physicality.”
Unlike stocks and other negotiable paper instruments, gold is irreplaceable, non-duplicable and indestructible. While gold exists in a fixed aggregate sum at any given time, it does not erode after excavation in any amount. In fact, over 95% of all gold ever mined since the beginning of time still exists in some form to this day! No other asset except raw land boasts such longevity. Likewise, gold investors whose assets have physical substance never lose sleep over splits, mergers, and hostile takeovers that make for many stock market riches to rags stories.
Neither do gold owners worry about gradual yet steady value decrease due to inflation or depreciation. A finite supply in high demand by diverse industries dictates a single direction in price: sporadic but upward mobility. This time-proven fact is true because existing supply naturally decreases with time, while demand keeps rising.
Why Invest in Gold Now?
Of late, many prospective gold investors hesitate, mainly because of unfounded fear that decreased prices in the last year portend future trends. That reasoning is seriously flawed, however, as long-term investments rarely increase in straight lines or fixed levels. As for stocks, gold prices might drop substantially for even a prolonged interval but invariably make much higher comebacks. Indeed, depressed values signify ideal market entry for maximum gain.
A permanent cure for all persistent disbelief is featured in the price trend data below
LONDON FIX DAILY SPOT GOLD PRICES
415.20 — AM and 415.25 – PM on January 2, 2004
1219.75 — AM and 1225.00 PM on January 2, 2014
The above numbers reflect (assuming no additional deposits):
Average annual return of 11.27 percent or 3.76 times average U.S. annual inflation rate of 3 percent!
Overall after-inflation gain of $791.00 or 190 percent!
Secure Your Retirement Through Gold IRA Investing
For all the foregoing reasons, now is the perfect time to start safeguarding against future rainy days of Golden Years by getting in on the ground floor of gold prices. Best of all, you can get the best of all worlds of wealth with a Physical Gold IRA (also known as, Gold IRA Rollover or Gold 401k Rollover). Tax-free transfer to far safer financial harbors of continued tax-deferred growth that greatly exceeds inflation is an unbeatable combination and irresistible invitation that none can afford to decline or delay.
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