With each passing day you get closer and closer to retirement. Unfortunately, for some people the idea of retiring is a scary one. The worldwide economic slowdown epidemic that is driving up credit card debt, crashing stock exchanges, and forcing homeowners into foreclosure has hurt many people’s retirement plans. The best way to provide yourself with a comfortable retirement is to diversify your IRA, and one of the best ways to diversify is to invest in precious metals. Here’s a look at the benefits of preparing for retirement with precious metal investments.
Safe Investment
There’s no such thing as a 100% safe investment, but precious metal investments are about as close as one can get to a “sure thing.” Gold, silver, platinum, and other precious metals cannot be created; they have to be mined. There’s an on-going demand for precious metals and that demand cannot be met any quicker than it can be extracted from the earth. This is why experts agree that there’s nothing to suggest that the demand (or the value) of precious metals will ever dissipate.
Protect Against Economic Crisis
One of the best reasons to invest in precious metals, at any stage in your life, is because precious metals act as an inflationary hedge. In other words, precious metals like gold coins and platinum bullion are not affected by inflation or market downfall.
Buy and Sell as Needed
Precious metal coins and bullion are very liquid, which means they can be bought and sold quickly and easily. This means you can buy or sell precious metal as needed throughout retirement to meet your changing financial needs. You can even buy and sell precious metals online and from the comfort of your own home.
If you’re thinking of using a portion of your IRA funds to purchase precious metals, California Numismatic Investments can help. In addition to a large selection of precious metals (including gold, silver, and platinum bullion) we will ship your investments to the CNT Depository, one of the world’s finest independent depositories. For help figuring out the right strategy for investing in gold coins or silver bullion, call us at (800) 225-7531.