Attention: Non USA Customers
If you are not a United States Citizen or Resident, Gold IRAs do not apply to you. However if you are from another country and interested in purchasing physical gold, silver and other precious metals, with or without storage, we do have attractive alternative options for you..
Augusta Precious Metals Review
Augusta Precious Metals was founded by Isaac Nuriani in 2012. They maintain offices at 5830 East 2nd Street, Casper, WY, USA. Augusta are in our opinion the best gold IRA company. Among other things, they are the only one we have found with zero customer complaints. Augusta is also exceptional in that they have onboard a professional team of Harvard trained economists who will educate you on the ins and outs of gold IRAs with a free one on one web conference.
Unlike some other gold IRA companies Augusta Precious Metals doesn’t employ high pressure sales techniques and scare tactics. They analyze your situation and requirements then provide you with professional assistance. They will even advise you not to invest in a gold IRA if they feel it is not suitable for you.
What Is A Gold IRA?
A gold IRA is a type of Individual Retirement Account (IRA) that is composed of physical gold in the form of bullion or coins rather than stocks, bonds, or other paper financial instruments. Gold IRAs are typically self-directed, which means that the owner has complete control over the investment decisions and they can choose to invest in a wide range of precious metals, including: gold, silver, platinum, and palladium. Gold IRAs allow investors to diversify their retirement portfolio and to hedge their wealth against inflation, economic uncertainty, and other perils.
Is A Gold IRA A Good Invesment?
Here are 6 reasons why you should consider investing in a Gold IRA:
1. Gold is a universal currency.
No matter what happens to the economy, gold will always have value. This makes it an ideal investment for retirement planning, as you can be sure that your savings will not be devalued by inflation or economic turmoil. Unlike fiat currency which can be printed ad infinitum by governments, the supply of gold is finite. According to “Rich Dad Poor Dad” author Robert T. Kiyosaki, precious metals such as gold and silver are “God’s money”. If the dollar in it’s current form were to be totally replaced by programmable Central Bank Digital Currency which may deprive you of the freedom to decide how you want to spend your savings, you will want to be in possession of alternate stores of value.
“Gold and Silver Are God’s Money” – Robert Kiyosaki
2. Gold is a hedge against uncertain markets.
When there is economic uncertainty, investors often turn to gold as a safe haven asset. Gold is seen as a store of value that can preserve wealth in times of turmoil. Investing in gold can help to protect your retirement savings from the volatility of the stock market. When the markets are uncertain, the value of gold tends to go up, providing you with a safeguard against losses in your portfolio. Not only could the value of the dollar be debased by a recession, but banks could fail as a result. In this event because the Fed has already printed too much money, they may not bail out the banks this time around. What can happen instead is that the banks can seize your deposits and convert them to what might be worthless shares by doing what is called a bail in instead. Bail ins are facilitated by the Dodd-Frank act.
3. Gold is a very liquid and tangible asset.
Gold is a highly liquid asset, which means it can be easily bought and sold. This makes it a convenient investment for those who want to cash in on their holdings quickly. Gold is a tangible asset that you can hold in your hand. This can give you peace of mind.
4. Gold is a valuable and in demand commodity.
Gold is a valuable commodity that has been used as a form of currency, jewelry, and other decorative items for centuries. Gold is also used in many other areas including medicine, dentistry, manufacturing and electronics. Every mobile phone contains a minute amount of gold and gold is also used in a wide array of other electronic devices including computers and laptops. So the demand for gold is constant while the supply is limited.
5. Gold is an excellent tool to diversify your portfolio.
Adding gold to your investment portfolio can help to diversify your holdings and reduce your overall risk.Unlike most other asset classes, owning physical precious metals has no counterparty risk.
With the ongoing wars in Ukraine and the middle east, current high inflation and a looming recession threat on the horizon, having precious metals such as gold and silver in your investment portfolio will act as act as an insurance policy to protect your wealth in these uncertain times.