What to Know About a Gold IRA – 3 Critical Facts
Too many people have lost everything they’ve worked hard for all their lives due to today’s volatile economy and have been left with nothing but despair and debt.
With major threats such as hyperinflation, the decline of the US dollar, and an increasingly incompetent government looming on the horizon one of the last secure ways left to protect your savings is in a Gold IRA.
While a Gold IRA is pretty much the safest investment you can make, you may still have questions about how it works, what the benefits are, and other important factors.
Let’s briefly go over what to know about a Gold IRA so that you can keep your retirement savings from being lost due to uncontrollable economic factors that have cost so many people everything they’ve worked for.
Is a Gold IRA Really Secure?
When it comes to what to know about a Gold IRA, you’ve probably heard a lot of talk about how a Gold IRA is the most secure form of investment but is that really true?
The reason that investing in physical gold is considered to be such a safe and secure investment is due to the fact that gold is immune to a lot of the weaknesses that financial investments suffer from.
For example, a financial investment into pure currency, like the US dollar, is subject to issues such as hyperinflation, devaluation, and other economic factors. This can cause currency to lose its value very quickly.
Other financial investments, such as stocks and bonds, as well as some physical assets like real-estate, are also susceptible to various economic factors and can also become devalued very quickly in many cases, leaving you with next to nothing.
ATTENTION: When it comes to what to know about a Gold IRA the following is very important:
Gold tends to maintain a steady value normally and increases in value during times of economic hardship. This gives gold a major advantage over other investment options especially during today’s volatile economy.
Can You Make Money from a Gold IRA?
When people learn what to know about a Gold IRA, this can be one of the most common questions.
As with any type of investment, the value of gold tends to fluctuate slightly. However, unlike financial investments, physical gold tends to retain its value despite other economic factors.
That being said, it is also possible to make a profit when investing in gold.
When the recession started back in 2008 the price of gold went up significantly. This meant that while most people were struggling with assets that lost value, those who invested in gold were profiting.
The fact that gold increases in value during times of economic hardship is one of the major advantages of a Gold IRA.
Can You Rollover Existing IRAs into a Gold IRA?
This is another important fact when it comes to what to know about a Gold IRA.
While this may vary from situation to situation, in most cases you can indeed rollover your existing IRA into a safer, more secure Gold IRA.
The catch here is that there are laws and regulations concerning how this must be done. If done incorrectly you could be subject to tax penalties that can really take a bite out of your savings.
Due to this fact, it is recommended that all rollovers be done through a qualified Gold IRA custodian. They will ensure that you are able to rollover your current IRA into a Gold IRA without losing your tax differed status.
If you are seriously considering starting a Gold IRA to ensure that your retirement savings are protected from factors such as the declining US dollar and hyperinflation, my top recommendation is the BBB accredited custodian Regal Assets.
Regal Assets provides the following services for you:
-Buys IRS approved gold for your account
-Sets up a self-directed IRA for you
-Stores your gold in ultra secure vaults
In addition to this, Regal Assets can also help you rollover your existing IRA into a financially secure gold IRA so that you avoid major tax penalties.
Click Here to get your FREE gold investing information kit from Regal Assets and learn how to avoid losing your retirement savings in today’s troubled economy.