3 Benefits Which Make Investing in Precious Metals an Excellent Choice for Your Retirement Plan
Up until they reach retirement age, most people are constantly on the run. We work round the clock and struggle to maintain a work-life balance, we try to save enough to get married in an amazing location, we give our children the best education we can, and buy a house for our families. But in the midst of this hustle and bustle, we forget to live for ourselves.
After years of exhausting work routines, Americans want to put aside all their worries and live their retirement dreams. But to set out on a vacation with your partner, you need a feasible retirement plan. Remember, the best time to start saving, investing, and planning is today!
And one of the best investment choices you can make for your retirement plan is precious metals. Here’s why.
1) Hedge against economic pressures
Looking at the history of gold prices in the United States, you notice a favorable trend. The price of the dollar was 900 USD/oz back in 2010, and it has only gone uphill. Today, it stands at around 1300 USD/oz!
According to Harvard, in times of hyperinflation of financial meltdowns, gold remains a stable investment choice and doesn’t yield any losses. Because of the fact that it’s finite in nature and availability is limited, the value of the precious metal is always on the rise. The reason is simple; unlike the dollar, you can’t print more gold and silver coins to devalue them.
2) Importance of Silver
What makes silver stand out as a medium of investment is its usefulness as an important industrial raw material.
Whether it’s photographic films, currency, jewelry, ornaments, mirrors, medical equipment, batteries, alloys, religious objects, or electrical connectors, silver enjoys huge importance in a wide range of industries. Silver derives its value from market forces and not speculation.
This increases its demand and makes it easier for you to resell it whenever you want to. You can always exchange it for cash when you need to.
Diversification of risk
We all buy stocks, bonds, mutual funds, and government securities to secure our retirement years. A common rule of finance says that the greater the return, the greater the risk associated with your portfolio. According to , adding precious metals to your retirement portfolio will spread out and diversify the risk, making your plan less risky.
Diversification can be well explained by the adage, ‘don’t put all eggs in one basket.’ In case of a major decline in the value of one asset, the presence of gold and silver will most likely offset the effect and your overall portfolio will retain its value.
If you’re looking for a reliable precious metal investment dealer, get in touch with us. At Orion Metal Exchange, we facilitate you in buying, storing, and reselling precious metals for future retirement benefits. We will either open up an IRA that suits your needs or change your existing IRA into a precious metals IRA in no time.
To get in touch, contact us at 1-800-559-0088. You can always reach out to us online.