Gold
Good news is here! Your favorite precious metal reached its highest level in 18 years this past year.
We know that longtime DR sufferers aren’t surprised; they’ve been advised in these pages to drop the dollar and buy gold for years now. After all, gold is the anti-paper, and despite recent dollar strength, investors are increasingly exploring alternatives to U.S. and European currencies, as well as stocks and bonds.
Gold IRA
Strength in the dollar is more a reflection of trouble for the euro and the yen. Gold is the only investment alternative not susceptible to what ails the dollar. It's intrinsic value makes it highly valuable in times of economic instability.
Gold 401k
Gold has proved to be a better measurement of wealth (and a better way to hold onto that wealth) over paper money time and time again. You can’t turn on a printing press or create it out of thin air; this naturally limits the “money supply,” generally keeping it in line with the economy itself.
How can I own gold in my IRA
Some analysts say that the gold market may been supported by comments from Russian and South African central banks, which hinted that they might want to beef up their gold reserves. Other experts contend that strong physical demand from countries like China and India are driving the rally. And you can’t forget about those who buy gold as a hedge against inflation.
IRA Gold
Whatever the reason for this rally, it all looks very good for those smart investors who hold the yellow metal…and many believe that it’ll just keep getting better from here.
Investing in Gold: Answer Me This…
401k Gold
Why is the price of gold so important? Because gold is the ultimate competitor to the dollar. A vote for gold is a vote against the dollar, against paper money…and paper assets. It’s a way of saying, “Yes, we know Bernanke, Bush, Greenspan, Trichet and Goldman Sachs have everything under control, but we thought it might be a good idea to have some REAL money, just in case.”
How to put gold in an IRA
Gold is a remarkable thing. It is found in the earth’s crust like lead or coal and sits on the periodic table. It can be mined, but it cannot be manufactured. It can be polished, but it cannot be enhanced. It can be wrought and worked, but it cannot be manipulated like paper money. It can be flattened into a sheet thinner than paper, but it yields to neither political pressure nor financial desperation.
For thousands of years, gold has been a measure of wealth and a way to keep it. Protecting your wealth was simple: you bought gold and hid it.
Gold IRA transfer
Why gold coins? Because gold is nature’s money. Central bankers can’t create it at will. They have to buy it like everyone else. This naturally limits the “money supply,” generally keeping it in line with the economy itself.
Bonaparte’s financial system helped make France one of the world’s most prosperous countries. The evidence is all around us. Everywhere you go in France you see the buildings put in the 19th century - handsome edifices, solidly built. Most of Paris itself is a product of the same 19th century prosperity.
But the world turns. By the beginning of the 20th century, it had been a long time since people had suffered inflation.
Gold 401k Rollover
So, along came economists saying to no longer worry about it. In they’d be better off if prices rose a little bit. It would “stimulate” the economy. It would help give people jobs. These same economists offered to “manage” their nations’ monies in order to produce the improvements they promised.
The world’s most prolific currency - the dollar - is still accepted everywhere as though it were real money. Lenders have trillions of dollars worth of credits, and hold them as though they will be still be valuable next year…even 10 years into the future. Merchants do not laugh when you take a dollar out of your pocket. You can use the dollar to pay your bills. Dollars you left in your desk drawer last year are worth almost as much a year later.
Is this really a new era, dear reader? After all these thousands of years, has mankind really learned how to control paper money?
We will watch see. We will see. We will hold gold tight and enjoy the show.
Gold
