Picture your retirement account converted to gold by investing in a gold-backed IRA, which a lot of people are indulging in these days. Smart savers when it comes to retirement investments have been increasingly focusing on utilizing assets in their IRA accounts to own precious metals – gold to be more specific.
More and more savers are making gold-backed investments as a primary vehicle for investment.
Why? Well, statistics show an alarming decrease in the value of the dollar, which has become a major complication for American citizens who are continually struggling to save for their retirement via dollar-backed assets.
Did you know that from 1792 to just 5 years ago in 2011, the dollar lost its value by more than 99.95%?
This has made saving impossible over time to generate money earned today to sustain a standardized way of life in the future.
It is important to understand that gold is becoming increasingly scarce, which means that the Federal Reserve as well as US central banks cannot produce it as they wish.
This gives individual investors peace of mind that the gold they buy will maintain its value over time, significantly enabling investors to gradually grow their wealth, especially at a time when they really need it.
When investors add gold to their portfolio and convert their Individual Retirement Accounts to gold through gold-backed accounts, they continue to benefit from the same types of tax benefits upon acquiring and including precious metals in their IRA.
Moreover, the rollover procedure is relatively convenient; a majority of investors have chosen to opt for the services of an efficient and effective Gold IRA establishment that can considerably help them to through the entire procedure, ensuring that all individual investors abide by the regulations imposed by the IRA, which govern gold-backed IRA rollovers.
The advantage of buying and owning gold without having to invest money has significantly increased the retail scope and demand for gold and silver bullion, coins as well as numismatic coins, which carry historical value.