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GoldSilverRetirementAccounts

March 24, 2009 – Gold and silver retirement accounts are becoming a very popular choice by American investors who want to own an asset that has a historical tendency of storing wealth and even profiting during times of economic distress. The United States is currently in the worst financial crisis since the Great Depression, and there are many problems occurring in financial markets that have investors wondering what will be best for their portfolio. If we simply compare gold to stocks, we can see that stocks have lost about 14% of their value this year while the metal has gained about 5.4%. Several market analysts believe that this is just the beginning of a good precious metal cycle, and with the expectations that the United States Dollar will only get weaker due to inflation, we could just be witnessing one of the most significant times to own gold and silver retirement accounts.

During the midday trading hours, gold and silver retirement accounts are losing a small bit of their value, and the gold spot price currently sits at $929.10 per ounce, down $9.10 for the trading day while the silver spot price currently sits at $13.45 per ounce, down $.21 for the trading day. Both are projected to rebound by the end of the week if safe haven demand increases due to lower confidence in the United States economy. Keep your eyes off financial markets, and don’t forget to diversify your assets appropriately in order to make the best out of this economic havoc.

Shannon King

Senior Staff Writer – GoldSilver.org

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