What Do Gold IRA Companies Do: The best way to Reduce the Risk inside your Retirement
Your Retirement May be in Danger
Who knows in the event the next financial disaster could happen.
If you have all of your eggs in one basket and limited diversity within your portfolio you are taking a risk. Are you all in the stock market and other paper assets? Take into account that we're in the largest stock bubble ever. Those in the know are warning that a repeat of the meltdown in 2008 may be nigh. Remember back when trillions of dollars in value were lost in only 15 months? Many point out that the next crash may be much worse. gold ira companies
The Once and Former Mighty Dollar
Once, we had been the world's largest creditor. Today, the us is strapped with an increase of debt than the entire Eu combined. According to Forbes.com, the U.S. government prints $85 billion 30 days. It's no wonder that the dollar today is simply worth.85¢. And now, to add insult to injury, China is taken active steps to phase your dollar as the world's reserve currency. When the value of money is not trusted, the entire system reduces.
With the dollar's devaluation and the economy's instability, where can an angel investor go to preserve and protect their wealth from disaster? Among the outcomes of the Fed printing all this paper is that the prices of essential commodities have soared. It must appear as no coincidence that countries like China and Russia are receiving out of the dollar in a big way and have taken to hoarding gold.
The Power of Gold
Why gold? Because it is price has gone up for 12 straight years. Think of that: No other asset within the history of the U.S., that we're aware of, has ever risen like that. Although this trajectory took a break in 2013 and has remained mostly flat in 2014, maybe it's poised for another move soon.
Gold's value as a tool to preserve purchasing power has a long proven track record. This record even predates the beginnings in the modern financial system. It's not lost its value in over 6000 years. Gold is nature's true hard asset. They have intrinsic value. Gold has been prized as a hedge against inflation, the fall of currencies, and the plummeting from the stock market. Since the 2000 alone, gold's value has risen by 365%.