Treacherous Times Call for Gold Investment
Posted By | July 16, 2017
The assault on President Trump is taking a toll. For the first time, his foes have been able to tag his campaign with what seems like a valid Russia connection. I don’t think this amounts to much in the end, but it does inject an element of instability into the political environment. How will that affect gold investments? I have some thoughts about this.
But before I share what I’m thinking, there’s one more thing to say about what’s going on right now in Washington.
Another source of upset – and a thorn in the president’s side -- is the hoped-for Obamacare repeal, which appears to be balanced on a knife’s edge as of this writing. It won’t be good if the folks we elected can’t get their acts together and end up doing nothing on this very important initiative.
IRA Gold Goes Up When the Economy is Down
In the worst-case scenario, even just talk of impeachment might kill the bull stock market. If that happens, you’ll be very happy you own gold, because it reacts differently to bad news than stocks do. Stocks are always tricky, and many investors grow to lament insufficient diversification when they see their stock portfolios tank. Don’t kid yourself. No one -- not even President Trump -- can repeal bear markets. The question is, how do you want to be situated if unimaginable events trigger a market crisis?
Gold investments help provide long-term protection against bad economic times, inflation, and political instability. While gold prices can fluctuate in the short run, thousands of years of experience have shown gold and silver are stores of value folks turn to when paper assets become worthless. Investing in precious metals is a great way to make sure you don’t put all your eggs in one (paper) basket.
Augusta Precious Metals’ Solution: A Self-Directed IRA
A long-term investment like gold and silver deserves a high-quality investment vehicle. We offer the Augusta® Gold IRA, with gold and silver stored in a highly secure, risk-averse, non-government, insured depository. In our opinion, it’s the best gold investment you can make.
Why? Because your contributions are tax-deductible up to $6,500 a year ($5,500 if you are under 50 years old). The money you contribute can be used for investing in physical gold and silver within this self-directed IRA. We will sell you American Eagles and other gold and silver bullion coins at unbeatable prices.
A nice feature of a physical gold IRA is that you don’t pay taxes on profits you earn. You only pay taxes on money you withdraw. If you wait until you reach retirement age, you avoid penalties for premature withdrawal. Furthermore, when you enter retirement, your tax bracket might drop, making it less expensive to cash in your precious metals and withdraw money.
If you’re interested in having your gold and silver delivered to your home and consulting with your tax attorney about where to store it, ask us about the Augusta® Home Delivery™ Gold IRA.
Diversification, tax-benefits and peace of mind. These are just some of the reasons for investing in gold and silver with Augusta Precious Metals. Contact us today and let’s get started!
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