Los Angeles, CA — These days, more and more investors are discovering a better way to prevent further losses in the value of their retirement portfolios due to devalued U.S. currency and inflation. These savvy investors are rolling over Traditional and Roth IRAs into new gold IRAs containing a percentage of precious metals to replace a portion of their paper-denominated assets. Moreover, investors who currently don’t own any existing IRAs have chosen to create a new physical gold IRA instead of focusing on paper asset investments like stocks and bonds which are unfortunately subject to the devaluation of the U.S. dollar.
There has been a sharp short-term price decline in gold, platinum, and silver during the past few weeks. This dip in the market prices represents an ideal opportunity for investors to purchase precious metals for considerably less than they could have just last month.
Retirement Losses May Be Prevented with Precious Metals in a Gold IRA
There is a safer alternative available for investors who do not wish to tie up 100% of their retirement in paper assets. Diversifying by adding precious metals to retirement portfolios avoids many problems including:
- Rising inflation
- Devaluation of the U.S. dollar
- Increasing interest rates
- Global economic and political turmoil
- Defaults by financial institutions
- Volatility of the stock market
- Loss of value in paper-denominated assets
Gold IRAs Can Avoid These Risk Factors
Financial advisors recommend retirement accounts should be diversified to include 5-10% gold, platinum, or silver as assets. Many Americans are now adding even greater percentages and some have converted to much higher percentages of precious metal assets. Doing this reduces the volatility of a retirement portfolio and protects the purchasing power of the accumulated assets. Stocks and bonds do not often provide this level of protection and are also not a hedge against inflation.
Gold Not Only Protects, It Offers Significant Profit Potential
It’s easy to see why owning gold is a good decision. By reviewing the Kitco Metals graph below that charts the increase in the market price of gold over the past ten years, we can see the benefits.
As an example, let’s say that an investor had purchased 10 ounces of gold in June 2001 at a cost of $2,648.00, it would now be worth approximately $15,020.00 based upon today’s closing market price of $1,502.10/ounce. That’s a very-significant increase in value over the 10-year period. Few, if any, paper-based assets offer investors this kind of appreciation along with safety.
Creating Your New Gold IRA Is Fast and Easy
American Bullion maintains a staff of Gold IRA specialists to help customers convert a desired percentage of their existing paper assets into gold. There is no tax penalty and no requirement to add new contributions when making this conversion. Our specialists make the entire process simple, secure, and completely hassle-free. We stand ready to help each new investor develop a custom Gold IRA that best suits their needs and financial situation.
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American Bullion specializes in adding gold and silver to retirement accounts. If you have a question or would like to know more about your investment options, please call American Bullion at 1-800-326-9598 to speak with a precious metals specialist.