I am not a finance person. But watching “The Taking of Pelham 123” made me realize how valuable gold is as a “crisis commodity” when the Wall Street collapses. If you have watched the movie, you’ll know what I mean:-). If you haven’t, well, let’s talk about the movie some other time.
As a crisis commodity, there’s a good site on how to put gold in an IRA (individual retirement account). This kind of investment survives war, inflation, high oil and gas prices, weakness in the US dollar, budget deficits, stock and bond market turmoil, bank failures and default on loans. Anyone who had the foresight to invest in gold before the current economic crises happened would have had greatly benefited from these economic conditions that contribute to the profitability of the gold IRA.
There is a performance data that began with a $25,000 investment in 2000 for the gold 401k account that has surpassed the asset value of other kind of investments that can be included in a retirement account. In the performance data, the initial investment has grown to $74,777 in 2007. That’s a lot of increase in your investment. And if one invested 401k gold coins in IRAs in the 70’s and held on to it despite the economic roller coaster from the 70’s to the present, the investment’s current value is twenty times more than it’s original value.
Currently, the IRA gold coins allowed by the US government are Gold American Eagles and Gold Proof American Eagles. Major investment markets around the world recognize and accept these gold coins. For those who are interested, the Gold Coins Gain website shares 3 easy steps on how to establish a Gold IRA.