Are you getting sick and tired of watching your investments crumble to pieces? You open up your stock market account every day and feel sick. Your account value is once again dropped by 5%, 10%, or more. And it’s happening more and more frequently in this inflationary environment.
In time, you suddenly realized that there’s a better way to protect your portfolio. You learned about the value of investing in a gold IRA. And you’re seriously considering initiating a gold IRA rollover.
Like anything new, you have your doubts, fears, and unwelcome thoughts about this change. You even wonder if opening a gold IRA account is a good idea in 2022.
Today, I’d like to help put your fears to rest. I’m going to give you 5 reasons why a gold IRA rollover is a great idea in 2022.
By the time you’re finished reading this, you’ll understand the value of this investment strategy. And you’ll know that it’s a phenomenal way to keep your wealth safe and protected during uncertain times.
Keep reading to discover the truth about a 2022 gold IRA rollover why it’s so valuable right now.
Reason #1: Gold Possesses Real-World Monetary Value
Unlike stocks, bonds, and treasury bills, physical gold is an actual asset. It’s one that you can hold in the palm of your hands. These other investments are mere digital assets that you can see on a computer screen, tablet, or phone. They do not possess real value if the worst were ever to happen.
The interesting thing about gold is that for more than 3000 years, people have used it as money. In fact, it’s the oldest form of currency in the world today. The British Pound Sterling has only been in use for roughly 1200 years. Gold has been used as legal tender for more than 3000 years and counting.
Why is this important?
It shows us that gold is a precious metal with long-term value. People ever recognized its worth throughout the ages and used it to purchase goods and services all through history.
Even more important, it’s possible that the US dollar could collapse and no longer maintain its value. Your physical gold investments and other precious metals like silver, platinum, and palladium will all remain as value stores. They will all be worth money to use as a means to trade for potential food, water, goods, and services.
Different currencies may be worth more than gold. Cryptocurrencies are a good example of short-term currencies that surpassed gold’s value. But over the long run, the value of gold has surpassed any other investment in history. Look at long-term charts and you’ll understand why the wealthy continue to record gold, silver, and other precious metals.
Learn more about gold IRA investing today. Read my review of the top 10 gold companies in the industry.
Reason #2: Investing in Gold Is an Excellent Way to Hedge Your Bets against Inflation
Are you tired of the devastating effects of inflation? We are experiencing inflation at a tremendous level right now and many Americans are suffering because of it.
Suddenly, the price of fruits and vegetables are 100% or more than they were a year ago. The price of milk, bread, cheese, meat, and other staples are going through the roof.
Somebody has to do something to stop the madness, but the people in charge of this country don’t seem to care. Or at best, they have no idea how to fix this problem.
Guess what? You can take matters into your own hands and preserve and protect your wealth against the devastating effects of inflation.
For starters, you need to initiate a gold IRA rollover for your retirement. This type of account provides massive tax benefits and allows you to purchase physical gold and silver. These investments will help you hedge against inflation in your precious metals IRA.
Now, you may be wondering, “How will this protect me from inflation?”
Simply put, the value of gold tends to increase during inflationary periods. It’s remaining fairly stable at the moment between $1800-$1900 per ounce. But the inflation problem in the United States has just begun. Give it time and the value of gold should begin quickly increasing suddenly out of nowhere.
Before long, your gold investments will be the most valuable investments in your entire portfolio on a percentage basis. Your stocks, bonds, mutual funds, and treasury bills will have all lost value in this damaging environment.
So, take the plunge now before the price of gold goes through the roof. Even if you’re late to the party, your gold investments will increase over the long term. So, you can never buy gold at the wrong price.
Want to learn about the top gold brokers that’ll help you initiate your gold IRA rollover? Click here to read my dedicated review.
Reason #3: Investing in Gold Doesn’t Require Specialized Knowledge or Skills
Certain styles of investing require specialized knowledge, training, and skill. Precious metals investing isn’t one of them. In fact, when buying gold for a precious metals IRA account, you aren’t looking for collectible coins. They aren’t allowed by the IRS because they do not tend to meet purity requirements.
But other investments are difficult to get into because you need specialized knowledge and skill to get started. Take investing in fine art as an example.
Would you know the difference between a painting worth millions of dollars or an average painting? Most people would have no idea how to tell the difference between the two. It’s a specialized skill set that takes years to develop and hone after spending thousands of hours looking at paintings.
The same holds true for investing in collectible coins, which you aren’t doing with a gold IRA. You need to know which coins are considered unique, how to tell if they are high-quality, and other specialized information.
If you don’t know the difference between a collectible coin and an average coin, then you’ll likely get ripped off. This would be a waste of your hard-earned money.
So, do yourself a favor and stick to gold IRA investing. It’s easy to get started and your gold broker will help you every step of the way.
Read about the top gold companies in the industry here.
Reason #4: Precious Metals IRA Investing Leads to Portfolio Diversity
The reason why precious metals IRA investing is important is it adds more diversity to your overall retirement portfolio. Instead of putting all your eggs in one basket, you are adding another asset-class that grows and maintains tremendous value.
The thing I love most about gold IRA investing is that this commodity tends to thrive when other investments falter.
As an example, the stock market has been in freefall for months now. I can’t say that the value of gold has skyrocketed since then because it hasn’t. But it has remained relatively stable, and if inflation keeps up, the value of gold should begin increasing soon enough.
This is a great sign for investors looking to add diversity to their portfolio. It means the value of gold is poised to continue to go up. In fact, Pres. Biden said that Americans will continue paying higher taxes for as long as it takes today!
This will undoubtedly lead to even more investing failure in traditional markets. It should also lead to increases in the value of precious metals including silver, gold, palladium, and platinum.
Read about the best gold IRA companies right here.
Reason #5: Gold is a Portable and Liquid Asset
As far as investments go, investing in a gold IRA is ideal because you can sell it at your earliest convenience. It isn’t anything like real estate investing. With real estate, you put your house on the market and typically sell the home within 60-90 days or more.
With gold IRA investing, you can liquidate your assets immediately if you choose. The best gold IRA companies have buyback programs in place for their customers. You can make an offer to your gold IRA company. And they’ll buy your precious metals at the going price in the market.
It’s one of the easiest investments to sell because there’s a huge market and many potential buyers. Even if you decided to try your luck outside of the gold company, there are lots of people looking to buy gold bullion. They want to get their hands on American Eagles, Canadian Maple Leafs, Australian Kookaburras, and other IRA approved investments.
At this stage, it’s very easy to determine why a gold IRA rollover is the best choice in 2022. But to recap, please remember that:
- Gold is liquid and portable
- Gold adds diversity to your portfolio
- Gold investing doesn’t require specialized knowledge or skills
- Gold is the best hedge against inflation
- Gold possesses real-world monetary value
To begin investing in gold, you must work with the top gold companies to achieve your goals. Read about my favorite gold IRA companies by clicking here.