Are you attempting to achieve better portfolio diversity? One simple solution is to open a gold IRA account.
This account gives you access to purchasing gold, silver, platinum, and palladium as part of your retirement portfolio. Buying precious metals in this type of account provides tax benefits and other advantages that I’ll share below.
To make things easy on you, I’d like to share four reasons why it’s wise to invest in a gold IRA as soon as humanly possible. Keep reading to discover the truth about this valuable investing strategy.
Gold Liquidity Is Better Than It’s Ever Been
It’s never easy to determine when an investment is going to truly take off. That’s why it’s always best to hang to your investments for the long-term. And it’s the reason why I recommend gold IRA investing in this particular case.
In one instance, the value of an investment remains stagnant for a couple of years. And then all of a sudden, an outside force comes into play and the price begins to skyrocket.
Guess what? It’s going to be impossible to cash in on your good fortune if the investment is illiquid.
What do I mean? Many stocks on the stock market trade millions of shares every day. These securities have high levels of liquidity. Real estate, on the other hand, doesn’t necessarily sell quickly. To get your price, you could potentially wait months or years before someone is willing to make a fair offer.
Buying gold is in a class by itself when it comes to liquidity. Believe it or not, gold is the most liquid investment in the world today.
How do I know this? I learned it from Exter’s Pyramid. Gold is listed at the top of the pyramid as the most liquid investment on earth. Other investments with less liquidity than gold include paper money, government bonds and treasury bills, municipal bonds and securities, real estate, private businesses, and derivatives to name a few.
Why is this important?
You never know when you’ll need to quickly cash in some of your gold. Knowing that a buyer is readily available to pay fair market value is a huge boon. This means you can hold onto gold for decades, all the while knowing you can sell it at any time.
Gold Is a Highly Sought-After Investment
The fact that so many people want to get their hands on gold makes this a very attractive investment. And it makes sense, because the worldwide recession is leaving many people on edge. They’re worried that their fiat currency might completely crumble and become valueless.
On the other hand, institutional investors, celebrities, governments, and businesses are also readily investing in gold.
With all these investors, it shouldn’t surprise anyone to learn that gold consistently becomes more valuable year after year. As I said, it really is a highly sought-after investment.
In fact, you can see for yourself. The biggest investors in this commodity at the moment include:
- China
- Russia
- United States
- India
- Australia
- Japan
- Germany
- Italy
And that’s only scratching the surface of the countries with the highest gold reserves. Individual investors that are in love with gold include:
- John Paulson
- Eric Sprott
- Saudi Arabian Royalty
- Stanley Druckenmiller
And the list goes on and on.
I mention all this because I want you to realize that gold isn’t going anywhere anytime soon. It has possessed monetary value for thousands of years. And it will continue to possess value for thousands of years to come.
Global Debt Is at an All-Time High and Getting Worse
As an investor, the massive amounts of debt being accumulated across the globe should scare the heck out of you.
Why?
Global debt ultimately leads to a doomsday scenario. In particular, with US debt spiraling out of control, it could lead to a fatal collapse of the US dollar.
There aren’t many ways to protect your wealth. One very effective way is to begin buying gold and holding it for your retirement. Another way is to invest in cryptocurrencies which are incredibly hot right now.
Ultimately, you have to realize that no one is good to protect your wealth better than you. You must see the US government is going deeper and deeper in debt, with no chance of slowing down insight. Things can go from bad to worse if they keep borrowing more and more money from China and other countries.
Eventually, the world will see the United States as a poor investment if it does not get its financial house in order. And if this ever happens, your hard-earned US dollars will become worthless.
Don’t kid yourself into believing that this is an impossible scenario. It really isn’t. It’s happened to many countries and empires throughout history.
Gold IRA Tax Benefits Are Insane
How often do you gain access to an IRS tax loophole? I already know the answer. It doesn’t happen very often.
A gold IRA gives you the ability to experience huge tax benefits. The main benefits include:
- Tax-deferred or tax-free retirement account growth.
- Your adjusted gross income is lower every year that you deposit money into your gold IRA.
- Keep accumulating more wealth through investing until you turn 70 ½ years old.
- Tax-deferred accounts pay the marginal tax rate after taking distributions.
Do you see how amazing these advantages are? You can grow your account faster and longer and earn investment income with these tax breaks.
Bottom Line
Clearly, it should be obvious to recognize the economic turmoil taking place all around the globe. More to the point, the US economy is in serious trouble because of the pandemic and the shutdowns happening throughout the country.
How will the US survive? Or is it already too late? Some people are incredibly worried that the United States is already down for the count.
If you’re worried, take the necessary steps and begin investing in a gold IRA right away. Do it now while the US dollar is still worth something. This will protect your financial wealth and preserve your happy and healthy retirement future.
Get started by connecting with a reputable gold company as soon as possible. They’ll help you start the gold IRA rollover process so you can begin investing today.
