Open a Gold IRA

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By habee

Open an IRA

I don’t have to tell you that the U.S. economy is floundering, and no one really knows when it will rebound. This uncertainty is wreaking havoc on practically all types of investments. Some people are losing their homes, while others are losing their retirement nest egg. What’s the solution? Most experts recommend diversifying your portfolio to include precious metals, especially gold. To secure your financial future, open a gold IRA.

Why gold is a good investment

Gold will always be in high demand, while the supply remains largely stagnant, expanding at only 1.6% a year. If all the gold ever mined were formed into a cube, it wouldn’t even cover a standard tennis court! This is including all the world's gold that has been removed from the earth since man first fell in love with the glittering substance. Gold can’t be printed like paper money, and it’s a tangible asset you can see and hold. It’s an excellent hedge against inflation, market declines, currency failure, and huge national debt.

To give you a concrete example of what gold can do, consider this: If you had purchased $10,000 worth of gold bullion in the early 1970s, you could sell that same gold today for a whopping $209, 999! Where else would you get that kind of return?

Let’s look at a more up-to-date example. If you had purchased $10,000 worth of gold bullion or gold coins in the year 2000, you could have sold it in 2008 for $32,870. That’s more than tripling your investment in just eight years. Ask yourself – did my traditional IRA give me that kind of return?

How to open a gold IRA

If you have an existing, traditional IRA, you can transfer part or all of it of it to gold investment. If you don’t have an IRA at the present time, you can open an IRA and include gold. Financial experts agree that between 5% and 32.5% of your total investment should be in precious metals like gold.

When you contact a reputable gold investment consultant, he can help you diversify your traditional IRA with gold or other precious metals. He’ll look at your unique situation and help you decide which is right for you, based on your age and price range and whether you want to be conservative or aggressive in the market. Most established partners in the gold industry will cover the charges of transferring your assets if your account is valued at a pre-established amount.

The best gold investment partners

One of the best investment partners firms in the gold industry is Lexi Capital. The partners here have over 25 years of experience in precious metal investments. The Lexi Capital partners pride themselves on customer satisfaction, quick delivery, and competitive pricing. They’re always coming up with innovative ideas, like ways to market gold via the internet.

Another Lexi Capital innovation is the Golden Lockbox, where customers who purchase over $5,000 in gold or open an IRA with gold are given a personal home safe as a secure place to store their gold coins or gold bullion.

Lexi Capital listens to their investors and their recommendations and constantly strives for 100% customer satisfaction. The Lexi partners have received rave reviews from their clients, who feel that their future is in safe hands with Lexi Capital.

Open an IRA with gold bullion.
Open an IRA with gold bullion.

Comments

carolina muscle profile image

carolina muscle Level 1 Commenter 2 years ago

A lot of folks are thinking about gold these days.

Great post, Habee!

habee profile image

habee Hub Author 2 years ago

Thanks, Chris. Wish I had a boatload of it!

Springboard profile image

Springboard Level 5 Commenter 2 years ago

The only constraint to gold right now is that when this economy improves, and it will, the value of gold will fall, so I personally don't like gold here.

But I'm certain many people will disagree with me. :)

sheila b. Level 4 Commenter 2 years ago

I didn't know about gold IRAs, so this was good information. Thanks.

habee profile image

habee Hub Author 2 years ago

But Jim, if gold falls, the dollar rises, so other investments will be doing well. I don't hink you should put all your eggs in one basket. Man, I wish I had had the chance to open a gold IRA years ago!!

habee profile image

habee Hub Author 2 years ago

You're welcome, Sheila! Thanks for reading!

Hello, hello, profile image

Hello, hello, 2 years ago

Thank you very much for your suggestion. I join you with your wish to have had boatload. Shall we go up the Yukon river, you and me hahaha

Kaie Arwen profile image

Kaie Arwen Level 2 Commenter 2 years ago

I had no idea thay had Gold IRA's. Great topic; thank you for this!

habee profile image

habee Hub Author 2 years ago

I dunno, HH - the Yukon's pretty dang cold! lol

habee profile image

habee Hub Author 2 years ago

If I weren't so old, I'd open a gold IRA! thanks for reading Kaie!

JenDobson27 profile image

JenDobson27 2 years ago

Now you're talking! I like the idea of investing in gold. As the government continues to pump money into the economy the dollar will eventually tank and gold will be even higher than the record high it's at right now.

habee profile image

habee Hub Author 2 years ago

True, Jen! We'll be carring our paper money in wheelbarrows soon due to inflation!

quildon profile image

quildon Level 2 Commenter 2 years ago

Yes, I too have been thinking seriously about investing in gold. I think it's a wise choice.

habee profile image

habee Hub Author 2 years ago

I totally agree, Quildon!

akirchner profile image

akirchner Level 4 Commenter 2 years ago

It would be nice to have something that actually was giving you a return, eh? What a mess! I keep thinking every day something's gotta give here but in the meantime, I think I'll think on gold. Thanks for the info.

habee profile image

habee Hub Author 2 years ago

Yes, Audrey - that would be nice!

John Coons 2 years ago

I have a neighbor who works at NAFEP. He has gotten me very interested in having a gold IRA. I attached his URL. I don't want to invest with him just because he is my neighbor. What should I do to find out more info about him? Who can I compare him to?

SteveWamhof profile image

SteveWamhof 2 years ago

Hubee, You are an awesome writer. Wow! What a variety of topics. I started with gold coins, because I am in that business, but found myself reading a lot of others.

Thanks.

Steve Wamhof

habee profile image

habee Hub Author 2 years ago

John, I'd talk to a few of his clients!

habee profile image

habee Hub Author 2 years ago

Thanks, Steve! I read your hub, but there was no comment box. Great minds!

elf_cash profile image

elf_cash 23 months ago

A gold IRA is a great idea.

John Coktsotin 20 months ago

Great post, I also believe that gold is going to drop a little bit as the economy improves. But I would recommend still having your investments diverse from one another and gold is always a good base for any investing. So if you can get some gold into an IRA it still is a good idea.

habee profile image

habee Hub Author 20 months ago

I fully agree, John. Thanks for reading!

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