Sleep well at night! Protect your retirement account with gold and silver IRAs.
Why this statement?
Because stock markets are in fantasy land right now. The U.S. economy is in shambles with over 40 million Americans having lost their jobs since the COVID-19-related economic shutdowns began. While the official unemployment rate is at around 15%, the real rate is probably closer to 25%.
Second-quarter GDP is expected to fall by as much as 50%, which is a bigger drop than during the Great Depression.
Despite all negative news, how can it be that stock markets are up almost 10% this month?
Overview
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Despite Temporary Stock Market Increase,
A Crash Is Inevitable
The major driver of stock markets right now is the huge amount of liquidity that has been pumped into the financial system by the Federal Reserve.
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As with all stock market bubbles, when the monetary spigots close, the party will end. No one knows when that will happen, as the economy is still in poor shape and there is a great likelihood of continued intervention from the Federal Reserve.
However, at some point, the Federal Reserve will either slow its money creation significantly, or the effects of continued marginal money creation will be greatly reduced, and stock markets will start a long-overdue decline.
Investors today are buying into hopes and dreams about the health of the U.S. economy rather than the stark reality. You read a lot about the resilience of the U.S. industry, the underlying strength of the U.S. economy, and the ability of businesses to rebound from setbacks.
The reality is that there will be no V-shaped recovery. Hundreds of thousands of businesses will shutter this year and millions of Americans will remain unemployed even after the economy has fully reopened.
That is the sad truth!
Trillions of dollars of liquidity can paper over problems with the economy for a little while, but eventually, investors will get wise to what is really going on and everyone will head for the exits.
There is also a high probability that 2020 will see a significant reduction in stock buybacks, which definitely will impact markets.
There is a greater likelihood of a major stock market crash over the remainder of the year than of continued gains. Investors who are able to position themselves correctly, now in advance of the crash, will be best protected once the crash actually occurs.
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With stock markets due for a major crash as the economy continues to reel from the effects of the COVID-19 shutdowns, gold and silver are becoming increasingly popular investment assets for those looking to protect their retirement savings.
Gold has served to protect investor assets against economic uncertainty and financial crisis since time immemorial. It stands the test of time.
Millions of investors over the years have benefited from the protection that only gold can offer.
How Does Gold And Silver IRAs Work?
With gold and/or silver IRAs, investors can roll over existing assets from tax-advantaged retirement accounts without tax consequences. If you want to protect your investment portfolio, you should start thinking about investing in precious metals today.
Can I Invest In Gold With My Current 401(k) Or IRA?
A common question when thinking of protecting your retirement account with gold and/or silver IRAs is if it is possible to invest in gold and silver through your current 401(k) or IRA account?
Unfortunately, you cannot, since your current 401(k) plan or IRA custodian in all likelihood does not offer gold as an investment option.
401(k) plans can be expensive for employers to offer, so they often limit the investment options available to their employees. Even in plans that offer dozens of investment choices, gold and silver are never options offered by the plan administrator.
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What Is A Gold IRA?
A gold IRA is a self-directed IRA (the IRA is managed by you) that offers investors the ability to invest in physical gold coins and bars, while still enjoying the same tax advantages as a conventional IRA.
A gold IRA can be a traditional IRA in which you invest with pre-tax dollars, or it can be a Roth IRA in which you invest with post-tax dollars.
The Gold IRA Experts at Goldco will walk you through the whole process and present options, so that you can decide what type of gold or silver you want. They will find the best option for your needs.
The Goldco specialists will also assist in the process of working with your current retirement plan administrators and ensuring that your funds are transferred from your current retirement account into your new gold IRA.
Find out more information about the rollover and transfer process in Gold IRA Rollover & Transfer Explained.

Download FREE eBook:
10 Reasons You Should Start A Gold IRA
For more information about investing in precious metals and cryptocurrencies, please visit How To Invest Gold.
Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase. |
About The Author
Stina Pettersson is an aspiring entrepreneur who is working on achieving her goals as an Internet Marketer.
Stina was tired of her corporate job as a Marketing Specialist and wanted to stand on her own two feet.
Stina is originally from Sweden but has resided in the U.S. for the past seven years.
“My main goal is to maintain a flexible lifestyle, where I set my own schedule. Even that I work hard, I love what I do every day, and I also have the opportunity to help other people which is a huge gift.”
it’s a really great resource!A lot of useful info and handy ideas, thanks =)
Thanks so much Tracy! I appreciate your kind feedback.
Please check back soon for more content.
Cheers!
Stina Pettersson
The Future Is Your Creation