Is Gold IRA Safe? Should You Add Precious Metals To Your retirement account?
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Safety is our number one priority, isn’t it? Switching to a Gold IRA might be one of the most important financial decisions you’ll ever make in your life.

First, let’s talk about gold. You understand the risks, don’t you?
Traditionally, maybe not traditionally, but in most cases, gold goes in the opposite direction than paper assets.

You remember that financial event of two thousand and eight. Stocks went down, all stocks – blue chips, small stocks, gold went up. Traditionally in times of economic turmoil gold goes up. This is why right after that financial crisis gold was considered a very good investment. In two thousand and thirteen, two thousand and fourteen, two thousand and fifteen gold, and precious metals IRA were popular. But today, I am making this video in two thousand and eighteen, gold is not that popular, because, first, gold doesn’t go up, second, the stock market does.

So, today people, the crowd invests in the stock market, and diversify a little bit, by investing in bonds.

From this point of view, investing in a gold IRA might not be the most profitable opportunity. But gold IRA is not about making money, it’s about keeping it’s purchasing power.

So, investors, some investors switch to gold IRA because of safety.

What is safety, by the way? Google says that safety is the condition of being protected from or unlikely to cause danger, risk, or Injury. Gold IRA is about being protected from danger, as I understand.

And I’ve spoken about that a lot of times in my videos. So, today I’m not going to go into details of the national debt, the derivative bubble and some other things. The idea of Gold IRA is that when the next crisis hits… No one knows when it will happen. But when the next financial crisis comes, and the stock market goes down again, as it did ten years ago, we assume the price of gold will go up (as it always does during financial shakeouts), and this is how we will protect your savings, how we will save our hard-earned money.

From this point of view, gold IRA is safe.

What if the crisis doesn’t come, and the stock market continues to grow forever? It’s impossible! Because American already have around twenty-five trillion dollars in retirement accounts. And this, I mean this simplicity with which you can easily make ten-twenty percent annually investing in stocks, reminds me of the Wall Street Crash of nineteen twenty nine, also known as Black Tuesday.

There is nothing new under the Sun, as the Bible says. What’s happening now, today, has already happened in past.

Ninety years ago, companies showed an excellent profit. Hundreds of thousands of Americans heavily invested in the stock market. A significant number of them were borrowing money to buy more stocks. Maybe, today we don’t borrow money to buy stocks, but we heavily invest in 401ks, in Roth IRAs, in other IRAs, which means that we invest in stocks, and in particular in the same stocks people invested ninety years ago.

And you know what happened, you heard about the Black Tuesday.
But since we are not talking about gold, but about Gold IRA, I would like to talk about yet another event – The Gold confiscation of nineteen thirty-three. Literally, it wasn’t confiscation, it was an exchange.

Executive Order 6102 required all persons to deliver all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for around twenty dollars per troy ounce. It was not confiscation, as some people mistakenly believe, it was an exchange.

The last thing I wanted to talk about is the importance of choosing a well-respected Gold IRA custodian. Because some companies promote home storage IRA, which is a scam, the Internet is crowded with biased reviews of Precious metals IRA companies, because those reviewers get compensated for their reviews.

This is my point of view, Gold Ira, if you work with a well-respected company, is quite safe, I might be mistaken, let me know what you think, and don’t forget to get your free gold investment guide in order to learn more about Precious Metals IRA:

Disclaimer: I am not a financial advisor. This video is not intended to be investment advice. Seek a duly licensed professional for investment advice.

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