Gold IRA Investment
The Internal Revenue Service (IRS) has permitted owners of a 401(k) to invest in bullion quality gold for their Gold IRA. This includes gold and silver bullion bars rated at higher than 99.9% purity levels. While the world is buying and selling corporate shares in a completely frenetic pace, you could sleep better at night, if you owned good, solid gold.
The British pound lost 11% of its value, the day after Brexit. All global stock exchanges were down. What if this happens again?
Sleep on Gold Sheets
How well do you sleep at night? Do you know of people who could sleep through a tornado or hurricane? However some people have peace of mind – they don’t allow anything to bother them.
If you followed the week leading up to the June 23, 2016 Brexit vote, you might have wondered if this was a circus or Hollywood movie. Was it real? Here is a brief synopsis of the week:
- Week before saw bank stocks increase
- On the Day the result was uncertain
- The next Day saw all bank stocks decrease
- Also the British pound hit three decade lows
Do you need this sort of drama? Do you have any clue how the paper financial assets will perform after Brexit? Why don’t you learn from the professionals?
George Soros Bought Gold Miners
In the months before Brexit, Billionaire Investor George Soros sold his paper banking stocks and invested in gold miner shares. Additionally he even “shorted” Deutsche Bank, believing its stock would fall after Brexit. Guess what? He was right.
Even Billionaire Investor Jim Rogers argued that “market timing was difficult.” With investing in gold, you don’t need to time markets. Regular Joes can benefit when they invest in gold.
Gold in All Seasons
The wealthy don’t invest for one day, one week or one season, they invest for all four seasons. Gold investing is designed to help you handle any weather. Gold investment protects you against inflation and deflation.
Rich people invest in gold because when prices are increasing, the gold will also increase. This is a good hedge for the Brits whose pound currency lost so much value. Furthermore, some analysts believe that the British pound might continue to lose value.
When all other paper assets are losing their value, then deflation could result. The entire nation could start to see declining rates of productivity. During this environment, the paper capital markets start to seize up (like what happened during the Sub-Prime Mortgage Crisis or Credit Crunch of 2008). During these fearful days, gold stands up proud and courageous!
Proof in the Pudding
Investing in a Gold IRA is not rocket science.
On June 24, 2016, the price of gold skyrocketed after Brext! Wise investors were purchasing gold. Isn’t it time that you gain peace of mind, by setting up a Gold IRA?