(Newswire.net — October 25, 2013) — New York, N.Y.–
Gold-investing.com, a website dedicated on raising awareness on the advantages of gold investments, reports that Gold IRA rollovers will pick up in the next years as more people realize that gold is the only sound investment during these times of economic uncertainty.
Gold IRA investments have been growing in popularity for the last few years and it is expected to carry on well into the second half of the 2000 & teen’s. An individual retirement account (IRA) is a personal account a person creates for their retirement and it’s different from their 401(k). While most IRA and 401 (k) are backed by the American Dollar, the last few years have shown that this is not the smartest move one can make. Retirement savings are not something to play around with and since more viable, credible and profitable options exists, people naturally opt for them.
The gold-investing.com author suggests that not only 401K plans can give bad returns but they carry a high-risk of ending up worthless. For a person who saves her whole life for a decent retirement, such a bleak prospect is a nightmare. Discussing the latest trends, the author of gold-investing.com reports that billionaires across the USA are discreetly channeling their assets into safe, high-return investments, primarily gold. As he points out, “this trend has been going on for some years now and it’s gradually but unmistakably leading to a gold shortage.”
The premise is simple, these people have understood early that the only way to survive the economic crisis is to invest in precious metals and have all of one’s assets backed by physical commodities rather than unstable and fictional currencies.
One doesn’t need to be a financial guru to know that the dollar is a fictional currency created by the federal reserve and not backed by any precious metals, like in the case for other countries. The US’ currency flow is essentially money the government doesn’t have, it is debt the state channels into the economy to ensure the latter doesn’t fall apart. These are well known realities to many people and it’s the reason why Gold IRA investments seem to offer the best alternative.
A gold IRA rollover is the transfer of one’s entire or partial assets from one fund to a gold-based one. Other investments include silver, platinum and palladium bullion.
People choose gold IRA investments since there’re still no signs of final economic recovery. These are people who’ve realized how unwise it is to have high-risk, currency-based IRA investments and choose to roll over their IRA’s to precious metals such as gold; a safe and profitable move in the long-term.
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Source: http://www.gold-investing.com/