Los Angeles, CA — Many of today’s investors have converted Traditional and Roth IRAs to new Gold IRAs to prevent further losses from devalued U.S. currency and inflation. They have chosen to do so by replacing a percentage of their paper-denominated assets with gold, silver and platinum. People who do not already own Traditional or Roth IRAs, have decided to create one with physical gold instead of paper assets like stocks and bonds with the guidance of American Bullion’s Gold IRA Specialists.
Investors No Longer Have to Accept Retirement Losses
Continuing to own only paper-denominated assets in a future retirement fund can be dangerous and there may be a safer alternative. Diversifying your portfolio by adding a percentage of precious metals to you retirement assets avoids many risk factors including:
- Rising inflation
- Devaluation of the U.S. dollar
- Rising interest rates
- Global economic and geopolitical tensions
- Defaults by financial institutions
- Stock market volatility
A Gold IRA Avoids these Risks that Can Derail or Delay Retirement
Many financial advisors recommend that retirement accounts should be diversified to include 5-10% gold, platinum or silver. Nevertheless, many investors are now adding far more than that, often as much as 50% in precious metal assets. Doing so reduces the volatility of your retirement portfolio and protects the purchasing power of your accumulated assets over time. Stocks and bonds do not provide this protection and are not a hedge against inflation. Furthermore, relying upon social security income alone won’t provide enough monthly income for a reasonable standard of living of after retiring.
Gold Doesn’t Just Protect. It Offers Important Profit Potential Too
It’s easy to understand why owning gold is a smart decision. This can easily be seen by the graph below.
If an investor had purchased 10 ounces of gold in March, 2001 for a cost of $2,648.00, it would now be worth approximately $15,450.00 based on today’s closing price of $1,545.00/ounce. That’s a considerable increase in value over the 10-year period. Few if any paper assets can offer investors this kind of appreciation.
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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.