Here’s How a Gold IRA Can Safeguard Your Nest Egg?
With the global economy in turmoil, traditional IRA retirement accounts that are invested in stocks and bonds aren’t doing so well. In the current stock market sell-off, retirees suffered tremendous losses and saw almost $3 trillion of their value wiped out.
That’s why an increasing number of them are looking toward alternative investments such as precious metals to safeguard their savings.
Learn about the benefits a gold IRA offers and how it can help them hedge against the rising inflation.
Proven Record of Stability
Gold has been used as a currency for hundreds of years. Even the dollar was pegged to gold until 1971 when the government decided to remove it. Since then, US dollar and gold have had an inverse relationship. That’s why whenever inflation rises due to volatility, gold prices rise and the dollar loses its purchasing power.
With rumors of a recession growing and geo-political uncertainty rising as well, investors are turning to the precious metal to safeguard from volatile swings. Otherwise, people would see their retirement savings plummet and become anxious about how they would fund their expenses in retirement.
By opening a gold IRA account, you can rest assured that your nest egg will stay safe.
Benefits of Gold IRA
With gold IRAs, contributions are deferred for taxes. This helps compound its value till the time of withdrawal at retirement. These accounts are also self-directed which means you will be the one making all the investment decisions and have control of the assets.
How to Open a Gold IRA?
The easiest way to open a Gold IRA account is by finding a reliable precious metals exchange that has an in-house IRA department. They help clients convert their traditional IRAs into gold IRAs by taking care of all the hassles. They offer a wide array of choices for IRA custodians and work with you to transfer high-quality gold to the depository whenever you make a purchase.
Select a metals exchange that has good credibility in the market. Make sure they are accredited with trusted organizations such as the BBB and have good ratings on sites such as ConsumerAffairs and Trustpilot. This will ensure you only work with reliable companies.
Select a Reliable Precious Metal Exchange
Looking to secure your retirement with gold and silver? Orion Metal Exchange is proud to help people take control of their retirement back into their hands. We help them open precious metals IRA and supply high-quality silver, gold, platinum, palladium bullions, and coins to an IRA depository of their choice.
We also help with precious metal storage for those people that want to purchase bullion and keep it at their homes. Our fee-free buy-back policy helps improve the liquidity at no added cost.
Contact us now to learn about our processes and services today.