Planning your retirement seems to be an overwhelming idea. With all the possible investment options that you can consider, it is indeed difficult to determine which would be the best investments to make, especially in the face of the world’s economic and financial turmoil.
You have seen stock markets take a dive, people losing their retirement funds to an unstable stock and bond holdings and this is the least that you want to happen to your own plans.
Unstable Market Conditions May Effect Your Retirement
With the market’s increasing volatility through time, you also lose the hope of securing your future with stable retirement funds. From 2006-2009, in U.S. alone, people have lost more than $5 trillion in the stock market, which accounted to a 22% downfall in retirement accounts.
These historical facts show that you should not depend your retirement income and life savings on investment markets. You should identify an investment option that will give you a secured future.
Choosing the Right Type of IRA
Your path to creating your retirement goals begins with choosing a stable Individual Retirement Account (IRA). One of the most recommended stable ways to secure your IRA is the Precious Metals IRA. Investing on precious metals gives you the protection over weakening currencies, natural disasters, and the highly volatile stock market. Gold has a long history of providing financial security.
Owning gold and other precious metals in your IRA allows you to diversify risks in your retirement accounts. You basically create a solid foundation of value to your IRA. Gold has gained a value of 526% in ten years. Just imagine how smart the decision was to invest in gold.
These high returns have been proven to be dependable even during those times when stocks and bonds fluctuated in value. Gold has continued to be consistent with its purchasing power, thus, you will have the security that not any fiat currency can give you.
Importance of Diversifying Your Retirement Plan
Diversifying your retirement portfolio is the best wealth protection strategy that you can have. Gold has a positive track record that you can trace back thousands of years ago, and look at how strong its value has become—it has survived countless empires, governments, and currencies.
Nations and leaders have come and gone, but gold has always been a precious investment—a universal investment whose value is accepted in any part of the world, by any government, by any currency. For hundreds of years, people have used gold as a hedge against inflation, financial instability, and dollar-backed investments.
Fiat Currencies Have Not Stood the Test of Time
Your dollar-backed investments include your fiat currency. Every fiat currency in the world, since the Roman Empire, has experienced significant devaluation and collapse. Dollar has lost over 92% of its value since its initial issuance in 1913.
This history of the collapse of dollar continued in 1934, even after its revaluation, dollar has dropped its value to another whopping 41%. This shows that there is total uncertainty on fiat currency and on your other dollar-backed investments.
Currency after currency, investments after investments, the market has continued to be volatile and the factors that push down your dollar-backed asses are also the same factors that increase the value of gold. Think about it—all you need is gold’s long history of security.