How a Gold IRA Could Have Helped My College Professors Keep their Retirements in 2008

by | Mar 16, 2023 | Gold IRA | 3 comments




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As the stock market has shown us in the past 2 weeks, the Dow Jones, Nasdaq and S&P500 are anything but a sure thing investment. Dropping almost 3,000 points in 10 days, this has become a wake-up call for intelligent investors and those facing retirement.

Other underlying fundamental economic indicators include:

*A loss in the US Dollar index (i.e. value of the US dollar) of over 11% in less than one year

*Increase in the US Federal debt to 20.6 Trillion

*Drop in the purchases of home sales

*No real wage increases for American workers

*Inability of Federal Reserve to raise interest rates in a meaningful and significant way

*Increase in company mergers and the number of company stock share buybacks

*Historic All-Time Highs of P/E Ratios (price/earnings ratio)

info from: …(read more)


LEARN MORE ABOUT: Precious Metals IRAs

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REVEALED: Best Investment During Inflation


During the financial crisis of 2008, many people lost a significant portion of their retirement savings. Unfortunately, college professors were not exempt from this economic downturn. I witnessed several of my own professors struggling to make ends meet during their retirement years. However, if they had invested in a gold IRA, they could have potentially protected their retirement savings.

A gold IRA, also known as a precious metal IRA, allows individuals to invest in physical gold and other precious metals as a way of diversifying their retirement portfolio. This means that instead of solely relying on stocks and mutual funds, individuals can allocate a portion of their retirement savings to gold and other precious metals.

See also  Shorts: The Benefits of Choosing a Gold IRA as an Inflation Hedge

During the 2008 financial crisis, many retirement portfolios were heavily invested in stocks and mutual funds, which suffered significant losses. In contrast, gold and other precious metals tended to increase in value during times of economic uncertainty, providing a potential hedge against market volatility.

In addition to diversifying a retirement portfolio, a gold IRA also offers tax benefits. Similar to a traditional IRA or 401(k), contributions to a gold IRA can be tax-deductible. Additionally, any gains made from the sale of gold within a gold IRA are tax-deferred.

While no investment is entirely risk-free, a gold IRA can serve as a valuable asset in a retirement portfolio, particularly during times of economic downturns. In the case of my college professors, if they had invested in a gold IRA, they could have potentially protected their retirement savings during the 2008 financial crisis.

In retrospect, it’s essential to consider all available retirement investment options, including a gold IRA, to help safeguard one’s financial future. By diversifying one’s portfolio with gold and other precious metals, individuals can potentially mitigate market risks and protect their retirement savings in times of economic uncertainty.

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3 Comments

  1. a man

    Lol, retirement… Good luck with your paper

  2. Steve

    Hey Patrick, the correction was due to concern about the possibility of rising inflation (interest rates). The US economy is okay now (average joe is working hard) its US national debt that is the madness (beaucrats are incompetent). Thanks, you reinforce my thoughts about increasing weighting towards gold and silver. Take care.

  3. terminator T-800

    always good information in your videos, keep it up

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