If you look at the historical prices of gold, they tend to be low compared to what they are today. They also tend to be stable, which is why gold is a valuable part of any investment portfolio. Gold prices spike in times of exceptional turmoil and right now the spot price of gold is at a historic high. Given that the price of gold is higher than it’s ever been, is now the time to buy gold? IRA investments need to make and hold a stable value.
The price of gold has never been higher because the worldwide economic turmoil has never been greater. Economists can’t predict what the future will hold in terms of the economy, but the global economic recovery has been slow, if not downright stagnant.
Market analysts predict that the spot price of gold may rise significantly higher in 2011, even as high as $1,800 per ounce. If true, that makes today’s gold prices a bargain. You can still take advantage of the economic uncertainty and the stability gold offers. Now is indeed the time to buy gold. IRA investments are still having trouble recovering their value, and adding gold to your retirement portfolio will stabilize its value.
The outlook for all precious metals is up, including those for gold, silver, and platinum. Globally, investors are looking for some stability, and protection for their wealth. Gold, silver, and platinum offer all of these things, and thanks to IRS regulations, you can make a gold IRA investment.
If you already have retirement funds in an IRA, a 401k, or a 403b, you can do a gold IRA rollover easily. A gold IRA rollover will allow to you use your existing retirement savings to purchase gold without incurring a tax penalty or jeopardizing your fund’s tax-deferred status.
A gold/silver IRA can give your retirement investment portfolio the stability you’ve been looking for, and offer protection from the wild and unpredictable swings in the stock and bond markets. Opening a custodial self-directed IRA account takes just a short amount of time. Once open, your self-directed IRA can hold a variety of tangible and intangible assets that you manage yourself.
If you’ve ever looked at your retirement investment savings account and thought to yourself, “I could do better than this!” then consider a gold IRA investment, and take control of your retirement investing.