Even though the elections are over, it’s safe to say that there is an economic ‘frankenstorm. These issues are often discussed to friends and family members, who will be concerned about their job security, retirement accounts, as well as how they will pay for basic necessities of life. Visit gold money ira before reading this.
Everyone is more worried about the future if they are watching the news. This is why so many people turn to precious metals and gold IRA rolling over accounts–to avoid certain disaster. You don’t want to miss out on gold-backed investing.
Did you lose your job in the last 60 days or are you about to lose it?
You may have noticed that many companies are already making plans to lay off employees in order to cut down on the cost of their health insurance. Needless to mention, this will cause a huge drop in consumer confidence over the holiday period. You have a 60-day window to transfer your retirement fund to another holder after you lose your job.
Transferring to a precious metals IRA does not require you to contact your employer. Instead, you can hire an independent broker for a gold-backed IRA to open the account and manage it. This will protect your investment and you won’t be penalized for making the transfer. Individuals who are concerned about losing their job may also be able to invest in a precious metal IRA or gold IRA, and receive the same level of protection.
Retirement Savings Accounts being Dismantled
Do you still remember the day when your IRA’s value plummeted to 60%, or less than it was the day before? Most likely, you were shocked to discover that you had been robbed your life savings within hours.
You soon discovered that you could not get that money back if you didn’t invest in the risky paper markets. These paper markets were as doomed as the blue stocks. You might have noticed, however, that precious metals were still gaining value despite the collapse of the global economy.
You can rest assured that the value of your gold 401k investment will be preserved and grow at a faster pace than those in paper stocks.
About Currency Values
You may have heard that Russia, China, Iran and Russia trade without the use of US dollars. Did you also know that Japan is considering conducting trade negotiations with China using a different currency than USD? You may be surprised to learn that this is happening if you haven’t already.
The truth is that as the rest the world moves away from US dollars, the US’s spending power will continue to fall both inside and outside the country. As you might expect, de facto dollar devaluation will also affect paper-based retirement accounts and bonds, stocks, as well your bank savings accounts.