Convert Your 401k to Physical Gold Today
James Lawson- The trade wars between the U.S. and China have created uncertainty among investors, and the financial press is rife with horror stories of retirees going broke due to ill-advised 401k investments.
- As a result, older Americans unable to retire after decades of saving for retirement are worried that their 401k savings will be wiped out.
- Converting 401k savings into physical gold is a way to hedge against market uncertainty.
The long-awaited recession of 2020 threw a wet blanket on the retirement dreams of millions of Americans. With stock markets falling and joblessness hitting record highs, Americans were unable to find traditional income-generating employment. As a result, many older Americans were forced to delay their retirement years.
But those who have been waiting to convert their 401k to physical gold may have found the perfect opportunity. The trade wars between the U.S. and China have created uncertainty among investors, and the financial press is rife with horror stories of retirees going broke due to ill-advised 401k investments.
Gold's Unique Planning Advantages
Gold bullion can provide a number of unique advantages for retirement planning.
Gold's supply is limited. The earth's gold supply, while theoretically infinite, can't keep up with demand. At some point, gold's supply will plateau, or go into decline. That's why, unlike paper currencies and bonds, gold's value has stood the test of time.
Gold's value isn't tied to any government or country. This benefit, combined with gold's scarcity, makes it an attractive hedge against inflation and other forms of currency devaluation.
Gold offers low volatility. Compared to stocks and bonds, gold doesn't fluctuate wildly in value. This makes it a steady, reliable investment.
Many Financial Planners Favor Gold
An increasing number of financial planners are recommending that their clients invest in gold. As gold prices have stabilized, investors are taking notice.
The most commonly cited reason for investing in gold is for preserving wealth. As inflation erodes the value of paper money, gold becomes a hedge against inflation.
The second reason is diversification. Gold has historically outperformed most financial assets.
Gold is a Traditional Asset Class
Gold is a traditional asset class and, as such, is eligible for storage in an IRA. Physical gold bars, coins, and rounds are tangible assets, making them ideal for an IRA.
Gold is Eligible for IRAs
Physical gold is an ideal asset for IRAs, as gold is already held in IRAs. Gold's status as a traditional asset means it is eligible for storage in an IRA.
Diversification
Gold is one of the riskiest asset classes. It is difficult to value, easy to transport, and has a tendency to cause financial mayhem when prices increase dramatically. For these reasons, many investors are hesitant to invest in gold, fearing that gold prices could skyrocket and cause significant losses.
Gold, however, is extremely useful as a risk management tool. Investors tend to hoard gold during times of market uncertainty, and these investors often turn to gold when traditional investments such as stocks and bonds seem shaky. When investors flock to gold, prices often rise and can catch investors off guard.
If one has a healthy portfolio, it is prudent to consider diversifying into gold. Gold can serve as a valuable safety net in times of financial uncertainty.
Availability
There is no shortage of gold bullion. Gold is available in many forms, including bullion, coins, and jewelry.
For those who are hesitant to invest in gold, purchasing gold coins or jewelry is a viable alternative. Gold coins and jewelry are more portable and are less likely to be stolen or lost.
Gold bullion, on the other hand, is readily available and useful for investment.
Protection
Gold tends to increase in value during periods of financial instability. For this reason, gold provides valuable protection during market downturns.
Gold has historically been an excellent hedge against inflation. Inflation erodes the value of a currency. Gold, on the other hand, has retained its value throughout history.
Gold is also a valuable currency. Historically, gold has been used as a currency and a medium of exchange. For this reason, gold can serve as a valuable currency in turbulent times.
Easy Trading
Buying physical gold is easier than ever with GoldMoney. Simply open an account, then link your bank account to buy gold. You can buy or sell gold online at any time during the trading day.
Peace of Mind
GoldMoney is the industry leader in online gold storage. Your gold is stored in high-security vaults, and insured by Lloyds of London. Your gold is allocated, meaning that you have the right, under the law, to the specific gold bars you store with GoldMoney.
24-Hour Access
GoldMoney offers 24-hour access to its network of vaults, so you can buy and sell gold online at any time.
Gold Protects Your Portfolio
In the last 40 years, 24 currencies around the world have been devalued from their original value. If you converted those currencies to gold, you'd have nearly doubled your investment.
U.S. currency has depreciated 98% in value since 1913, while gold has appreciated 2,000%. Gold is a safe haven for your portfolio.
Precious Metals Are a Hedge Against Inflation
When inflation is out of control, gold, silver, and platinum prices tend to surge. Gold's average inflation rate over the last 100 years is 3.57%, while the average inflation rate for silver is 8.23%.
Gold Is Liquid
Gold's liquidity makes it a great investment for retirees. Gold is widely accepted, and you can sell gold for cash at any national coin shop or jeweler.
Gold Is An Asset Class
Gold is not an investment tied to the stock market. Gold is its own asset class. It acts differently from stocks, bonds, and other investments.
Gold Is Diversifying
Diversifying your portfolio with physical gold protects you from volatile financial markets. Gold has withstood the test of time. It's survived hyperinflation, wars, and devaluation.
