Don't Miss Buying Opportunities
Posted By | May 10, 2016
I believe gold is a great long-term investment, and having it in your portfolio is a way to hedge against inflation, recession, political unrest and other catastrophes. Now, when I say “long-term,” I mean to point out how you should not be put off by gold’s natural price volatility. Gold is a commodity, and as such, its price is subject to short-term fluctuations.
We had a wonderful object lesson in this on April 4 and 5. On that Monday, gold had a sell-off. Nervous nellies might have thought they should immediately sell their gold. But on the next day, gold sharply reversed its losses and headed up 1.4 percent to $1,232 per troy ounce, a two-day high. In the bigger picture, gold is up 16 percent year-to-date, thanks to continuing turmoil in the Chinese economy, sluggish growth around the world and global political unrest.
The point is, in my opinion, gold will serve you well now and in the future, because the threats to your financial well-being are never going away. Should another stock market crash occur, you may you wish you had bought, or had held on to, gold and silver investments.
As a long-term investment, gold is well suited for retirement accounts such as the Augusta™ Gold IRA from Augusta Precious Metals. The reason the government gives you a tax break for contributing money to an IRA is to encourage you to follow a long-term plan for your retirement. I believe that putting a chunk of your retirement assets into gold bullion coins is a prudent way to guard against the unknown. Right now, stock markets all over the world are roiled exactly because the future seems so uncertain. Countries are experiencing growth that is, at best, anemic, and few have ruled out the possibility that a recession or worse could happen this year.
If you haven’t done so already, I urge you to open an Augusta™ Gold IRA from Augusta Precious Metals today, while gold prices are still below $1,300 an ounce. I believe gold has plenty of room for price growth, and when you combine that with IRA tax deductions, it’s a good bet you’ll be happy you’ve assigned some of your retirement assets to gold and silver investments. Contact us today!
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