Investors who are concerned about the economy, preservation of wealth and investment are now discovering the 21st Century gold rush. Because the dollar has declined by over 40% and 95% respectively since 2001, this is partly why. Because gold’s value has never been negative, the dollar is less reliable. Visit our website and learn more about gold IRA.
Each year, approximately 2,500 tonnes of gold is extracted from the Earth. But the global demand for the metal far exceeds the supply. This drives up the price of your investment. Although you can own gold via ETF’s or commodity options, the unique possession of gold coins is rare.
If you invest in silver or rare certified gold coins, it is not only putting your faith and hope in the price of gold. Your portfolio should contain investment grade, scarce and collectible coins of gold. This will increase the value of your investment in gold. It is almost like an insurance policy.
These coins can be certified by the Numismatic Guaranty Corporation, (NGC), or the Professional Coin Grading Service, (PCGS). This allows you to have more confidence in your investment and the knowledge that it can easily be liquidated at any of the thousands nationwide gold dealers. You can also sell what you have to us back.
You can also use gold to fund a self directed IRA or 401K. If you had a certain percentage of your retirement fund invested in gold, how would it have changed after 2008? Your risk is lower and you may lose some of your potential rewards. But if your goal is to preserve your wealth, you will need to hold a position in gold that is expected to rise.
Gold gives you personal and private control of your investment. Although “private wealth seems to be a distant notion, gold allows you to retain your privacy. You don’t need a social insurance number or an IRS 1099 to purchase investment-grade rare coins of gold. There is no tangible asset that offers 100% privacy or portability, except gems and diamonds. These assets aren’t nearly as liquid as US Rare Gold Coins.
Even though there is nothing better than holding a coin of gold in your hand, it’s important to remember that gold can be a wise and solid investment for wealth preservation and growth. You don’t need to be a super rich or knowledgeable investor in gold. It’s much easier than you might think.