These days, it seems like more and more people are becoming interested in converting their 401K to gold. With everything we’ve been seeing in the market lately, traditional investments are becoming less and less attractive as the bears come in to take hold of stocks. Today, we’ll talk a bit about how turning a 401K into gold is a great move to protect your retirement as well as the simplicity in doing so. So, let’s get right to it.
Why is Gold a Smart Investment Today?
Throughout the past several years, we’ve been experiencing a bull market when it comes to paper investments. As stimulus started to take hold and the economy started to recover, stocks skyrocketed. However, we’re starting to move more toward a bear market; meaning that stock values will most likely continue to go down. This makes having a 401K in gold more attractive as investors generally start flocking to gold, ultimately increasing its prices during down market times.
This leaves many with another question, “Why is the market turning into a bear market?” There are actually 2 reasons.
Throughout the past several years, investors have been riding the wave of the Federal Reserve’s bond buying program. However, that program is poised to stop; forcing investors to make tough decisions about their portfolios.
– With tensions mounting between Russia and Ukraine, the United States as well as other western countries, imposed sanctions on Russia. However, Russian president Vladimir Putin responded by refusing most food trade from western countries; sending the Eurozone into a tailspin. As the Eurozone economy weakens, more and more investors worry about the status of the world-wide economy and start looking toward safe haven investments like gold.
So, it’s pretty easy to see why gold is a hot commodity these days. So, you might have a new question on your mind…”How much money will it cost to convert a 401K to gold and how hard is it to do?” The answer may blow you away! Turning your 401K into gold is a fairly simple process. All you need to do is read and agree to terms, sign a little paperwork, and the conversion is complete! The best part is, converting a 401K to gold comes with no out of pocket expense.
So, what are you waiting for? Contact us now and protect your retirement investments with a gold ira rollover!