November 24, 2009 - Mass layoffs and widespread bankruptcies have hindered our nation’s workforce throughout our current recession so many investors have become interested in learning how to buy gold for retirement accounts. The average American lost 40% within their IRA last year, and the gains that have been seen in 2009 still leave most retirement accounts well below 2005’s same-time levels.
The economic stimulus plan has done a minimal job of salvaging and creating new opportunities for employment, and our nation’s present 10.2% unemployment rate is well above the 8% that White House economists claimed would never be penetrated. Over 7 million jobs have been cut since February of 2009, which is substantially more than the 30,000 jobs that lend their creation exclusively to the stimulus package.
A large number of investors have opted to buy gold for their retirement accounts, because our government does allow physical gold to be stored in a depository in your name until you begin taking mandatory withdraws of your retirement account’s funds. Instead of investing your nest egg in speculative mining stocks or unallocated ETFs that would make it difficult or impossible for you to ever receive gold, consider a gold backed-IRA. With a gold IRA, you actually have physical gold in a box with your name on it, sitting on a shelf, waiting for you to retire so that it can be shipped discreetly to your door.
It is very simple and affordable to roll over an IRA into a precious metal IRA, so if you want to protect your golden years during these unsteady financial times, register today for your free Insider’s Guide To Gold And Silver-Backed Retirement Accounts.
Steven Martin
Senior Gold Specialist - Buy-Gold.org
