Investors Shouldn’t Be Concerned with Short-Term Changes in Gold Prices
Los Angeles, CA—Gold, platinum and silver are subject to short-term rises and declines in their market prices. These short cycles shouldn’t be of any real concern to investors who wish to buy gold for investment purposes. What does matter, is the market price trend over time. A steady upward price trend over months and years is a clear-cut indication that a precious metal investment is very likely to keep appreciating over the long haul.
According to Orkan Ozkan, Head of Business Development, “The long-term price trend for gold, silver and platinum has been steadily upward despite these brief daily changes. The first Kitco Metals chart shown below, which graphs the price of gold over the past 24 hours, represents a short-term price decline:
However, the second graph below, which charts the gold price over the past 12 months does represent a steady-upward price trend over time:
1 Year Gold Prices
As the chart above shows, gold increased by $404.10/ounce over the past 12 months. This continuing upward trend is what should be meaningful to investors who wish to diversify their retirement portfolios by replacing a percentage of paper-denominated assets such as stocks and bonds with gold, silver or platinum. This kind of value appreciation accurately depicts why converting a traditional or Roth IRA that contains 100% paper-denominated assets into a new gold IRA makes excellent investment sense.”
A Gold IRA Protects Against Losses and Provides Potential Value Appreciation
Many investors nationwide have delayed or cancelled their retirement plans because their traditional and Roth IRAs have declined so much in value. This has been especially true since early 2008, as the global financial crisis devalued the U.S. dollar and other major currencies.
Gold bullion, available as IRS-approved coins and bars, is believed to be to the ultimate retirement asset by many investors and financial analysts. Unlike stocks, bonds, annuities and savings accounts, precious metals never depend upon the performance of financial institutions for value, and are not directly affected by inflation. Gold, for example, is realistically a stable and safe haven during financially turbulent times, because it keeps its intrinsic value everywhere in the world.
Converting Paper Assets into a Gold IRA is Fast, Tax and Penalty-Free
It’s not overly difficult to convert a traditional or Roth IRA into a physical gold IRA. Investors can also roll over the assets in a 401K, as long as they have already been separated from their employer when the conversion takes place.
American Bullion IRA Specialists are always available to show customers how to transfer all or any percentage of their existing paper assets into a physical gold IRA account. When this is done, there is no tax penalty and no additional contributions have to be made. The company’s Gold IRA Specialists make this conversion simple, secure and hassle-free for investors. American Bullion uses Self Directed IRA Services, Inc., as their trust company. They are a wholly-owned subsidiary of the long-established Horizon Bank. The physical gold in an investor’s IRA account will be stored by the trust company in an IRS-approved secure depository until they wish to take personal physical possession of it.”
American Bullion Offers a Wide Range of Gold Bullion Coins or Bars to Choose From
American Bullion offers a diverse range of pre-1933 and modern bullion gold coins for investors to select from. They also offer Swiss, French and British gold coins. These transactions are completely private and never require a customer’s SSN# or an IRS 1099 Form. The company also carries gold bullion in bars in Kilo (32.15 Oz), 10 and 1-Ounce sizes. Platinum, silver and palladium products are also available. Log-in to the American Bullion website at: http://americanbullion.com to look over a complete selection of available precious metal products.
It makes really-good sense to convert retirement holdings from all paper-denominated assets to include a percentage of physical gold. While the U.S. dollar may continue to be devalued, many highly respected analysts and commodities traders are still predicting that the price of gold will escalate to $1,700/ounce or higher in 2011/2012.
FOR MORE INFORMATION
AMERICAN BULLION.COM
Orkan Ozkan, Head of Business Development
e-Mail: info@americanbullion.com
Tel: 1-(800) 531-6525
