Are you scared about the future of your wealth? You should be with all of the economic turmoil and political infighting taking place in America right now. It almost seems like the politicians want Americans to suffer and fail.
How to Protect Your Wealth with a Gold IRA
Guess what? No one will ever protect your financial well-being better than you. You can hire the best financial advisors in the world. They’ll never care about your money more than you do.
And that’s why you’re here, right?
You’d like to protect your wealth by opening a gold IRA account. It’s the intelligent way to remove some of your wealth from the destructive failing US dollar and the faltering economy.
Not only is this possible, but I’ll share other ways that a gold IRA will help to protect your wealth.
Add Greater Levels of Diversity to Your Retirement Portfolio
Diversity is the name of the game at this stage as an investor. But why is it so important?
At the moment, the stock market is breaking all-time highs. Cryptocurrency prices are going through the roof. And many economists believe these markets are incredibly overbought and bound to correct themselves.
There’s nothing wrong with a correction in the short-term. And the long-term prospects certainly look bright for cryptocurrencies. The stock market is a totally different animal though. Businesses are suffering tremendously throughout the world because of forced shutdowns due to the coronavirus.
If a stock market correction takes place, you’ll possibly lose 35% to 50% of your portfolio in mere weeks. Can you afford to take such a massive hit? It may take years to recover from the financial devastation.
You can begin protecting your wealth with a gold IRA. Traditionally, the value of gold rises as the US dollar struggles. And the value of gold also rises when the value of the stock market drops.
Since both of these scenarios will likely take place, there’s never been a better time to start investing in gold. And the best way to take advantage of this investment is through a precious metals IRA account.
The beauty of diversity is simple. As the stock market and the US dollar loses value, the value of your gold should increase.
As an example, if you have equal investments in stocks and physical gold, you can offset your losses with this alternative investment.
Even better, you may even make more money if your gold investment skyrockets and goes parabolic during the economic turmoil. It happened in 2009 and again in 2020. It can certainly happen again because our worldwide economic problems have only just begun.
Gold IRA Tax Benefits Provide Enormous Compounding Potential Over Years and Decades
The tax benefits of a precious metals IRA are truly something special. Believe it or not, these benefits are so rare that they’re only available with this type of account.
As we know, the IRS doesn’t love providing tax breaks or loopholes. But they made this exception and you’d be foolish not to take advantage of it.
The gold IRA tax benefits include:
- Traditional self-directed IRA tax-deferred contributions make retirement growth easy and affordable.
- Roth self-directed IRA tax-free contributions mean knowing exactly what you’ll have to spend once you retire and take distributions.
- With a tax-deferred account, you can lower your total adjusted gross income. This will keep more money in your bank account during your working years and still leave plenty to invest.
- Wealth accumulation lasts until you are 70 ½ years old. Other retirement investments have a cutoff at 65 years old.
- Tax-deferred investors are only required to pay the marginal tax rate at the time of their distributions.
As you can see, the tax benefits of a gold IRA are really amazing. You’d be foolish not to open up a gold IRA account as soon as possible. Don’t let these benefits go to waste any longer.
The Value of Gold Is Rising Over the Past Year
What would you rather invest in? A market that is struggling? Or a market that is booming and making investors very wealthy?
I don’t know about you, but I prefer the second choice.
Gold is the second choice. The value of gold is $169 higher than it was at this time last year. That is a 10 ½% gain and a nice return on your investment.
Guess what? The price of gold was even higher than it is at the moment. It’s in the middle of a temporary pullback. This is the perfect opportunity to get a gold IRA while the price is cheap.
Investing now means buying gold at a big discount. Before long, your investment could rise anywhere from 25% to 30% or more in a quick fashion.
I don’t know how you feel, but I love to make quick money on my investments.
Then again, investing in gold through a precious metals IRA is about holding for the long term. Because with all the economic strife and struggle going on, the value of gold should rise higher in the future.
Are you ready to take advantage of this tremendous opportunity? Begin by opening a gold IRA account through a trusted gold company.
There Is a Huge Demand for Gold Right Now
And as we all know, the bigger the demand the more expensive the supply. This means the price of gold should continue to steadily strengthen for many years to come.
But why such a tremendous demand in the first place?
The global economy is struggling. Most currencies like the US dollar are Fiat currencies, which means they’re backed by the good faith of their government.
Do you really trust the US government? Or any other government for that matter? Worldwide governments don’t even trust one another.
That’s why countries like Germany, France, China, Russia, the United States, Italy, Switzerland, and Japan all buy thousands of tons of gold every year.
They want to hoard the supply and keep us docile and under their thumb. It’s time to flip this script on its head and begin investing in gold to protect your future.
Now more than ever, you should take the necessary steps to begin protecting your wealth. Everything I mentioned above is reason enough to consider opening a precious metals IRA.
To recap, please remember that:
- The US and world economies are devasted
- The coronavirus isn’t going anywhere for a few more years
- The US dollar is in bad shape
- Hyperinflation is on the horizon in the United States
- and other potential doomsday scenarios could happen
Are you willing to wait for the devastation to take place? Or are you smart enough to open a gold IRA account now before it’s too late? I certainly hope you answer yes to the second question and take action right away.