Friday, January 28, 2011

Converting to a Gold IRA

By Ace Winget


Recently, tens of billions of dollars have flooded into the US stock market, mainly due to the enormous monetary expansion of the Federal Reserve. This may have created the largest financial bubble in history. Some economists and investors wonder when it will pop.

It is possible that sometime in the coming months, this hyperinflation of financial assets will spill into wages and prices, creating inflation and creating more havoc with the stock and bond markets. How will your investments fare in another stock market crash? Will you be ready when the bubble bursts?

When looking for investments that are more stable than paper, many have turned to gold. Many have opted to convert their funds into a Gold IRA both as a precaution as well as due to gold's investment potential. They hope gold investments will help protect against future stock market crashes.

Savers have been allowed to invest IRA funds in gold American Eagle coins since 1986. You can convert your IRA into a Gold IRA by converting it into gold coins. Gold can be a great alternative for a traditional IRA account.

As a more stable investment, gold can protect you from huge drops in "paper" investments such as stocks and bonds. Gold has been used as a means of exchange, or as "money" for centuries. Over the years, it has remained a reliable investment.

Gold has held great value for over five thousand years. It has proven itself to be a reliable investment. It has become the most traditional investment hedge known to man. Now, while supplies are available, is a good time to "go for the gold".

A Gold IRA will offer you excellent profit potential as well as exceptional liquidity. You won't need to pay any additional taxes when you convert your existing IRA into a Gold IRA. Lock in profits from your paper investments now by converting them into gold.

Having gold investments will protect you from a future financial bubble burst. Most IRA investments rely heavily on stocks and bonds. Investing in gold now can help protect your retirement funds should there be another financial crash like the last one.




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