Just ask anyone who keeps close tabs on the performance of their IRA, and they’ll tell you that when the stock market takes a beating, so does the wealth they have been trying to build in their IRA retirement plans.
A prime example is the financial crisis of 2008. A stock market battered by a massive crisis in the banking and insurance sectors. The retirement financial instruments represented in the average IRA were knocked back to dismal lows.
But people who held IRAs that were focused on gold as an investment vehicle saw just the opposite. As the shaky “paper value” of stocks eroded, gold gained in value, bolstering the retirement funds in precious metal IRAs.
That’s one thing that investors can always be certain of. Gold, silver, platinum and palladium will maintain value while other more symbolic forms of wealth – such as stocks and mutual funds – blow around helplessly with the winds of the economic times.
The frightening 2008 experience produced record interest in retirement investors who were searching for the best Gold IRA companies. The fact is, gold and other precious metals are a superior hedge against the whims of investment vehicles that are not “real things,” but rather symbolic forms of wealth backed by the fates of publicly traded companies. If a corporation you own stock in goes bankrupt, the stocks in your IRA become worthless.
The price of gold may go up and down, but gold has never become worthless. That means that investing in a Gold IRA and searching for the best Gold IRA companies is an excellent strategy for placing your future retirement on solid ground.
Does this mean that one should place all their eggs in the Gold IRA basket? Not necessarily. Financial experts with the best Gold IRA companies say having some portion in gold is a way to hedge or augment other investment vehicles, such as stocks, bonds and mutual funds.
