Why Invest In A Gold IRA?

"GOLD and SILVER are MONEY. Everything else is credit."— J. P. Morgan
There is a very real banking crisis going on right now. Are your assets protected? How about your paper IRA?

Would not it be prudent to protect a portion of your assets with Gold or Silver…just as a hedge against the existing banking chaos happening right now.

What Is A Gold IRA?

A Gold IRA or precious metals IRA is an Individual Retirement Account in which physical gold or other approved precious metals are held in custody for the benefit of the IRA account owner.

It functions the same as a regular IRA, only instead of holding paper assets, it holds physical bullion coins or bars. Precious metals IRAs are usually self-directed IRAs, a type of IRA where the custodian allows more diverse investments to be held in the account.

GOLD IRA ROLLOVER

A Gold IRA transfer is where you move the funds and possessions of one of your IRA (specific retirement account) to another.

The main reason for a Gold IRA transfer is that your assets are gold bars or coins instead of paper money.

Benefits of a Gold IRA is that you can diversify your investment as a hedge against a market crash or inflation.

(The Internal Revenue Service (IRS) allows for one tax-free rollover of IRA funds each year and this rollover of the full amount of funds must occur within 60 days of removing the funds from your current IRA custodian's care to avoid penalty.)

Why Not Paper IRAs?

You may be wonder why, if paper IRAs are so bad, why so many people are use them. The problem with paper-based IRAs is that the financial investments are depend on a fiat based money system - AND the value of fiat currency is dependent on the strength (read economic) of the government that issues it (The US Government), not a physical commodity like gold or silver.

In short, fiat money lacks intrinsic value and its value it determined by the government that issues it. Fiat money is derived from the relationship between supply and demand rather than the value of the material from which the money is made.

Banks and financial advisors claim security. However, the real determinate of the value of the dollar (which effects the value of all paper based IRAs) is how well the economy performs. A single economic downturn can come along and wipe out your whole retirement fund.
Disclosure:
The owners of this website may be paid to recommend Augusta Precious Metals. The content on this website, including any positive reviews of Augusta Precious Metals and other reviews, may not be neutral or independent.


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