- Posted in: IRA Solutions
The recent airstrikes on Syria ordered by President Trump has resulted in the rise of the price of gold. Gold is a common investment because it holds its value in times of market volatility, and is seen as a safe haven during times of crisis.
According to an article on CNBC.com, “Spot gold rose 1.3 percent to $1,267.43 per ounce by 0225 GMT, after touching a high of $1,269.28, its highest since Nov. 10, and was track for a fourth straight week of gains. U.S. gold futures also rose 1.3 percent to $1,269.”
Additionally, silver and platinum have seen a rise in prices with a nominal rise in the price of palladium.
What Does This Mean for the Investor?
What does that mean for you the investor? If you have already invested in precious metals or have been considering diversifying your portfolio with gold, the time to buy is now. Gold prices are forecast to continue rising at least in the short-term as it did following President Trump’s election last November.
At GMRgold our expert advisers can walk you through the process of precious metals investment. We can help you protect your wealth, and increase the value of your investment through the understanding of how the markets react to economic instability.
Is a Gold IRA for Me?
A Gold IRA is a self-directed Individual Retirement Account that complies with IRS rules and regulations. It allows you to safely and securely own physical precious metals in a tax-sheltered account. If you already have an established IRA but would like to transfer the entire account or a portion of it to a Gold IRA, GMRgold can assist you in the process via a “direct rollover” or “direct transfer”.
Types of Retirement Accounts You Can Convert into a Gold IRA
- Traditional IRA
- Roth IRA
- Simple IRA
- SEP IRA
- Pension Plans
- Thrift Savings Plan (TSP)
- Tax-Sheltered Annuities
Physical gold and other precious metals offer a true diversification, solid protection and excellent profit potential for any portfolio. Check out our free online ebooks, then give us a call at 1-877-795-9585 with any questions and to get started!