There’s no denying that we’re living in a crazy time. The coronavirus has left the US economy at a complete standstill. Small businesses were forced to shut down temporarily but many are closing their doors forever. Large businesses like Amazon, Walmart, and Target are making more money than ever while other businesses suffer.
The United States is in more trouble than it’s seen since the Great Depression. Forget about the destruction caused by the 2008 housing market collapse and subsequent recession. We’ve seen nearly 40 million people file for unemployment within the last two months.
The US job market is decimated and people are scrambling for whatever income they can get their hands on. And they’re praying that unemployment never runs out. But we all know it won’t last forever.
A Ray of Hope for the Retirement Investor
As an investor, your portfolio has undoubtedly taken a hit. Even though the stock market has bounced back somewhat, the devastation has just begun. And it will likely give back its recent gains. Even worse, the stock market is poised to go down even further. The economic spiral and fallout from the coronavirus continues to rear its ugly head.
Throughout this scary time, there’s only one investment that truly stands out amongst the crowd. If you said precious metals, give yourself a gold star! Gold has risen tremendously in value in recent months. In fact, the price of gold is up more than 33% in the last year. You can’t make the same claim for the Dow Jones Industrial Average or S&P 500.
Are you thinking about investing in gold? Maybe you aren’t sure of all of the great benefits that it provides. We’re here to help you by telling you about the benefits of gold investment and much more.
Even more important, we recommend buying this hot commodity as part of a precious metals IRA. And our only broker recommendation is Regal Assets, which you can read more about them in our detailed review.
Gold Investment Benefit #1: It’s Easy to Buy and Sell
Unlike other investments, it’s actually very easy to buy gold from a qualified broker like Regal Assets. Read our review by visiting this page.
On the other hand, buying real estate, vintage cars, stamps, baseball cards, and other nontraditional investments can get very complicated. Why would you want to deal with the headache and hassle of these types of risky investments? Instead, you should focus on the ease and convenience provided by buying gold and silver through a qualified investment broker.
Even better, you can purchase precious metals to grow your retirement account. All investments tend to make more money over time. So if you open a gold IRA and invest in more precious metals each year, you’ll gain big value over time. Best of all, you can withdraw this money 100% tax-free upon reaching retirement age. All of the taxes are paid up front with this type of account.
Our top 10 list of gold brokers includes:
- Regal Assets (our #1 recommendation)
- Birch Gold
- Augusta Precious Metals
- Cornerstone Bullion
- Advantage Gold
- California Numismatic Investments
You can’t go wrong doing business with any of the gold companies recommended above. They are all considered the best and brightest in their industry.
Gold Investment Benefit #2: The Potential Upside for Gold Is Tremendous
Even though gold has already gone up a tremendous amount in value this past year, much bigger upside still exists. As time moves forward, two things consistently happen to increase the value of gold. They include:
- Big governments like China and Russia are continuously accumulating massive amounts of gold
- Financial institutions and celebrity investors including John Paulson, Carlos Slim, David Einhorn, and George Soros are accumulating gold in droves
What does this mean for the average investor? Simply put, it means that the biggest investors and financial institutions in the world believe gold has tremendous upside. It means large and intimidating governments like China and Russia know gold will continue to gain value over time.
Why bother attempting to guess what the market is going to do next? Instead, you need to focus on following the big money and doing what they do. And right now, the big money is buying gold. They’re buying it by the truckload. And they’re hoarding it for a rainy day as it continues to accumulate more and more value.
Even better, the value of gold has consistently risen for the past 3000 or more years. This exciting commodity was used as legal tender for generations. And it will continue to retain monetary value for many generations to come.
Gold Investment Benefit #3: It’s an Excellent Hedge against a Struggling Economy and Stock Market
Are you looking to hedge the bets in your portfolio? Right now, you’re likely stressed beyond belief because the stock market is so volatile. In mid-March 2020, when investments were at their worst, it felt like there was no end in sight.
Although things look better now, are you really protected? Not quite my friend. And the overall economy is in a heap of trouble. The stock markets around the world can take a turn for the worse in the blink of an eye.
Guess what? This is beneficial for the value of gold and other precious metals. They thrive in these challenging environments. Gold always rises in value when the economy struggles and it will continue to do so throughout time.
Why? It’s a safe haven for investors when the stock market begins to tank. Normal stock investors begin to gobble up gold and hoard it because they’re afraid to invest in their favorite companies. This drives the price higher and higher. And it acts as a measure of protection to your overall portfolio while other investments fail.
S&P 500 vs. Gold during Tough Economic Times
According to real-world data, gold often gains value while markets like the S&P 500 declines. In fact, since 1976 this has been true on six different occasions. And really it’s seven if you count our current economic environment. But since we’re still in the midst of financial turmoil, we’ll leave the current situation off of the list.
The list includes:
- S&P 500 declines 19.4% from September 21, 1976 through March 6, 1978. The value of gold rises by 53.8% during the same timeframe.
- S&P 500 declines 33.5% from August 25, 1987 through December 4, 1987. The value of gold rises by 6.2% during the same timeframe.
- S&P 500 declines 19.9% from July 16, 1990 through October 11, 1990. The value of gold rises by 6.8% during the same timeframe.
- S&P 500 declines 49.0% from March 27, 2000 through October 9, 2002. The value of gold rises by 12.4% during the same timeframe.
- S&P 500 declines 56.8% from October 9, 2007 through March 9, 2009. The value of gold rises by 25.5% during the same timeframe.
- S&P 500 declines 19.0% from May 10, 2011 through October 3, 2011. The value of gold rises by 9.4% during the same timeframe.
Clearly, investing in gold is the perfect way to hedge your bets against a struggling economy and a volatile stock market. Consider opening a gold IRA through our favorite broker of choice, Regal Assets. You can learn more about them by reading our detailed review.
Gold Investment Benefit #4: Gold Investing Doesn’t Require Specialized Knowledge
Some investors are afraid to buy gold for their retirement portfolio. They fail to understand the beauty of this investment vehicle. They think they’re supposed to find rare coins that possess immense value. But nothing could be further from the truth. In fact, rare coins are likely disqualified for gold IRA investing.
Instead, uneducated investors need to learn that they don’t really need to know anything about gold to buy this commodity. You aren’t buying antique furniture, vintage baseball cards, or expensive paintings. You do not need to know about artists, the rareness of anything, or antiquing in order to make money.
The gold itself is the hot commodity. It’s the precious metal that’s actually what’s so valuable. So if you buy gold bullion that’s acceptable in an IRA account, you have fulfilled your part of the bargain. You have purchased gold that you can store in a vault and gain or retain value over time.
No one is stopping you from buying rare coins if you’d like to become a collector. But this requires specialized skill and understanding that the average person doesn’t possess. As an alternative, you should focus on buying IRA approved gold bullion. It will shield you from the current economic downturn. And it also provides a real-world tangible asset that you can use for currency if this crisis gets worse.
At the end of the day, it’s critical to begin investing in gold as part of your retirement portfolio. Traditional investments are in for a rough time as the coronavirus riddled economy finds its footing.
Try not to let your entire retirement portfolio suffer because you failed to take action. Open a precious metals IRA instead and begin investing in gold for downside protection. You’ll also hedge your bets against a struggling stock market.
We’ve reviewed the top 10 gold brokers doing business today. Our favorite recommendation is a company named Regal Assets. Find out more about this industry giant by reading our complete review of their service.