The number of individuals who made the decision to buy a gold IRA in 2009 increased over 2008’s levels, and the choice to convert retirement account funds into gold could become even more popular next year if our national and world economy worsens. Some indicators signal that the United States is emerging from the worst recession in over 70 years, although there are many valid points against that view as well.
What pops into your mind when you think of major events of the past year? We have seen major changes in the global eco-political scene in 2009, and there is certainly no shortage of opinions on what will occur next year. While none of us can accurately predict the specific events of 2010 as if we had a fully functional crystal ball on out coffee table, the American economic situation does look rather glum when you lay all the facts out for everyone to see.
US retirement accounts lost over $2 trillion in the last three years, and many Americans are the not-so-proud owners of retirement accounts that are 35% or more below 2005’s levels. If our government continues to saturate our economy with devalued dollar bills, then stocks, bonds, and cash accounts could relapse further in 2010. Instead of giving up their heard-earned nest egg without a fight, many investors have shifted their IRA to gold.
Investors buy a gold IRA when they feel the need for diversification into safe-haven assets. A 20-30% hedge in gold is typical for investors who would like safety and the chance to profit during these trying financial times. Contact Buy-Gold.org or get our 2010 Insider’s Guide to Gold-Backed Retirement Accounts below.
Steven Martin
Senior Gold Specialist - Buy-Gold.org
