Self Directed Gold IRA
Want To Learn More About A Self Directed Gold IRA?
Have you been struggling with the thought of whether or not you should begin purchasing gold as part of your retirement plan?
Do you see the price of gold rising so high that you’re scared that the price has gotten too high at this point in time?
These are all very valid questions and I understand your concerns so I’ll do my best to answer them now and explain exactly how the gold market works.
A self directed gold IRA is a retirement account that allows you to buy physical gold and other precious metals that you can hold in that account for as long as you choose.
The beauty of having an account like this is that all of the wealth that you accumulate inside this account, and it can be through other investments besides gold, is earned tax-free.
So when you sell off any part of your investment portfolio to collect the capital gains that you have earned, you will never have to pay a penny in taxes on that money which is incredible and something you may want to take advantage of.
The price of gold has grown quite a bit over the last 11 years.
As these two major financial events were taking place, the price of gold and other precious metals began to steadily rise in the background and not too many people noticed what was going on as it began.
There is a very specific reason why this happened and I’ll explain it to you right now.
As the economy struggles this precious metal becomes more attractive since the price of gold historically rises as inflation gets worse, and tends to escalate more as inflation grows to be worse, so they are inversely related in that way.
So having all of these terrible economic events take place really weakened the US dollar and the US financial position.
Since that happened, some of the big-money investors were afraid to keep their money in cash or real estate alone, so they did the next best thing in their estimantion and they moved over to gold. Even some countries such as India and China procured some vast amounts of gold in 2009.
The bullish market that follows leads to higher demand as well. So that’s why gold has been rising so high in price, and it will continue to do so as the economy struggles.
So through all the upturns and downturns of markets and economies, there is one questionably bulletproof opportunity available to you throughout it all, and that would be your procurement of physical gold. Then there are other options that are higher risk, and thus may yield some nice returns during better times in the market.
There are those whom have seen the spike in the market who are still a bit raw from what transpired a few years ago, and they are often dividing a percentage of their portfolio in physical gold for some nice diversification, along with other potentially profitable shorter term gold investments that are available. Some consider commodities overall a nice hedge against market volatility.
With a self directed IRA you take control of your investments and tell your IRA manager where you would like them placed, whether gold, ETFs, or real estate. This is a nice hands on opportunity for you to take charge of your future and participate in directing your own investments, where you are the one deciding where they go.