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March 30, 2009 – Many IRA investors around the nation are finally deciding to diversify their hard-earned wealth into gold bars and coins because their mainstream investment methods with stocks and bonds is simply creating too much instability. There is a heightened fear that IRA mutual funds could become further devalued in the upcoming months and years as inflation begins to tear apart at fiat backed investments, while on the other hand, precious metals such as gold thrive during these inflationary times and is probably why they are expected to outperform most other asset classes during 2009. It’s no surprise that the global recession is only getting worse, and for example this can be proven by taking a look at the Dow Jones Industrial Average that has tumbled 11.4%, and comparing this to gold bullion that is up 4.8% for the year. If you’re looking to protect your IRA with a historically solid hedge against inflation, you may want to consider diversifying into precious metals before it’s too late.

During the midday trading hours, it seems like the gold spot price is falling a bit after rebounding this morning, and the metal is currently trading at $916.10 per ounce, a decrease of seven dollars for the day while the silver spot price falls $.30 to around $13.04 per ounce. Both metals are expected to rebound by the end of the week, and short-term projections are expecting gold to hit $970 per ounce while silver could hit $14.50 per ounce. Keep a close eye on spot prices and the United States Dollar and don’t forget to diversify your assets appropriately in order to take advantage of this financial recession.

Shannon King

Senior Staff Writer – GoldSilver.org

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