When the stock market crashed in 2008, the average worker lost about 25% of their savings. That’s the average. There were less prudent folks who lost 50% and more due to lack of diversification.
Now imagine that happened to you just before you entered your hard-earned retirement. 50% of your savings are gone and you have no time to recoup it. That’s the nightmare many soon-to-be retirees experienced when the markets crashed.
My point is, if your retirement savings are tied only to unstable financial markets, your nest egg is at risk. And no matter whether you are in your 20s or 60s, losing a big chunk of your savings is no fun.
As such, you have to hedge. And one of the best ways to do that is to own physical gold in your IRA account.
But before I explain what a gold IRA is, let me briefly tell you why gold is a must in your retirement fund in the first place.
When economic growth slows, nearly all investments lose value.
To protect your portfolio from a huge loss during a recession like the one we saw in 2008, you want to own some assets that tend to move in the opposite direction from most others.
And gold’s inverse relationship with stocks makes it one of the best financial safe havens known to man.
If every investor portfolio should contain physical gold, this is doubly true for retirement accounts. There are few scenarios worse than losing 50% of your life savings due to a stock market crash.
But even if a recession doesn’t destroy the value of your paper assets, the purchasing power of your nest egg can still be eaten away by inflation.
When your savings should last through retirement and expenses like health insurance and medical care are increasing, knowing how far your money will go in 30 years can become a life or death issue.
Think about this: Something that cost $10,000 in 1976 cost $22,028 in 2016.
What will it cost in 2046?
Meanwhile, gold has retained its value (in real terms) for thousands of years. As indebted governments print more money, I’m sure its value will only grow.
Did you know that gold has provided an average annual return of over 7% in the last 50 years—and that actually exceeded the growth of the S&P 500?
It is essential to consider inflation or currency debasement in your retirement planning… and dedicating a portion of your savings to physical gold is a great start.
Now, let me explain to you what a gold IRA is and the options you have…
A gold IRA is simply an IRA that allows you to invest in precious metals.
There are two kinds of IRAs:
Regardless of the IRA type, the buying process involves four parties: you, the IRA custodian, the gold dealer, and the storage facility.
Here’s how it works:
This process requires a lot of paperwork, coordination among participants, and takes up to 4–6 weeks. Anytime you want to make a transaction, you have to do it all over again.
As you can see, it’s far from convenient and can be daunting to even the most seasoned investors.
If you wish to avoid the paperwork, time, and hassle of coordinating each part of the process, it’s worth it to find a fully integrated precious metals IRA program combining:
With everything under one roof, you can easily add physical precious metals to your IRA and manage the entire process online, anytime.
If you are looking for a gold IRA program, I invite you to consider the Hard Assets Alliance.
We run one of the most convenient and secure bullion platforms on the market. The platform connects you with a pool of wholesale bullion dealers that bid on your order, which ensures highly competitive pricing.
It’s also a sophisticated suite of services that includes precious metals IRA accounts, savings programs, dollar-cost-averaging solutions, and more.
If you buy for storage, the Hard Assets Alliance provides you with fully allocated storage at the vaults of first-class storage companies like Brinks or Loomis. These vault companies store metals owned by the world’s biggest institutional investors—a clear vote of confidence that tells you your gold will be safe there as well.
This kind of convenience and pricing in the precious metals industry were only available to large institutions not so long ago. The Hard Assets Alliance makes it available to you—and at a fraction of the cost.
Regardless of your dealer choice, I strongly recommend adding gold to your IRA. History shows that this metal is the best hedge against any crisis—be it a stock market crash, a devastating hurricane, a political backlash, or a war.
And in volatile times like these, protecting your wealth is more important than ever.
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