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Why Invest in Physical Gold and Silver in a Self Directed IRA?
You will always find proponents and opponents of investing in physical precious metals, this I can guarantee.
Each side has their foundational beliefs rooted in their ideas of the pros and cons, which adds fuel to their staunch positions.
This is a healthy debate, as an investor needs both viewpoints to determine what is right for their personal investment needs.
My viewpoint? I weigh in on the side of allocating a percentage of your portfolio to owning physical precious metals simply for sound diversification purposes.
If history has taught us anything, it has taught us that economic crisis rears its ugly head in the most unsuspecting of times.
Total diversification is paramount in those times...
this I have learned the hard way.
A handful of benefits for investing in physical gold and silver: · You can protect your purchasing power as inflation rises.
· Helps protect you against the Government's free flowing money printing press.
Our country manages our debt by printing more money to pay off the debt on the money it has already printed.
Trying to solve a debt crisis by creating more debt is surely not the answer...
is it? Who is going to eventually pay that price? If you own physical gold and silver, most likely not you.
· It can help protect you against a major banking crisis, if that were to happen.
· Protect your savings against currency (U.
S Dollar) devaluations.
· Gold isn't just for preserving money; it is a wealth builder as well.
Historically, since 1971, gold has outperformed the S&P 500, real estate and currencies.
· Despite what some may say, gold and silver are very liquid compared to a lot of other types of investments.
· Physical gold and silver are tangible investments.
If you wealth is tied up in what you can't see, is it really safe? · Gold and Silver will NEVER be worth Zero.
· Supply is decreasing, there is an increasing worldwide demand · When bought in an IRA, appreciation value grows tax-free.
· Gold investing is the secret of the ultra-rich.
The world's wealthiest families are currently hoarding gold.
Why aren't you? An IRA makes it possible.
These are just a few reasons I invest in physical gold and silver and the way I do it is through a self directed IRA.
Why a self directed IRA? Simple, it's so easy to do and your investment is protected under the governing laws just like a regular IRA.
You can rollover an existing IRA into a self directed IRA with ease.
Most investors that are seeking to diversify a portion of their existing IRA portfolio will fund a self directed IRA by rolling over a 401k from a previous employer or transferring a dormant IRA from another firm.
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