With economic stability in question across the globe, a growing number of investors are looking for retirement savings options outside of traditional 401(k) plans or IRAs. Many people are turning to gold and silver IRAs because precious metals have always provided foundational security in times of uncertainty.
Through the years, money has been represented by beads, stones, metals or glass, depending on the culture. It was a way to barter for goods without needing to actually store and transport those goods immediately. The concept of money became particularly useful related to perishable goods, such as food.
Saving for retirement can seem somewhat expensive, and when you’re in dire straits, it can be very tempting to raid your 401(k) to pay off credit card bills or pocket funds that are already in your retirement account. However, this has serious consequences on retirement income, and it’s not so good for the companies that maintain these investment vehicles, either.
GBU-43/B, also called “mother of all bombs” or MOAB, has been dropped in Afghanistan, marking a dramatic change in the way the current administration plans to conduct operations in the area. While the weapon was planned for use on the Iraqi battlefield, it was never used as there was limited resistance there. The bomb was likely dropped in response to the death of a U.S. special forces operative in the same area.
Gold — and other precious metals — are one of the few assets today that aren’t overvalued. While other stocks approach potentially dangerous bubbles, gold tends to keep stable. Most investors know that buying low and selling high is the key to successful wealth building, but that’s not easy to do if you’re constantly purchasing from overvalued investment classes.
You’re headed into your mid-60s and thinking that the time has come to retire. You’ve worked hard for most of your adult life. Now it’s time to relax and enjoy the fruits of your labor. But are you financially ready for retirement? Here are four questions to ask yourself before taking that big step.
The recent missile strikes on Syria have had a notable impact on the markets, with currency pairs wobbling and the U.S. dollar dipping in most markets as a result. Similarly, weak data from the UK caused the dollar to rise significantly against the pound, and the euro didn’t show much change. The yen, on the other hand, experienced a significant fluctuation, and the dollar dropped against it.
There’s another financial pitfall looming as well. Inflation is poised to take off in a big way. How do we protect ourselves?
Chad Benson here. In my previous post, I talked about the various benefits of precious metal investments like gold and silver and why I personally believe investing today is the smartest choice you can make for your future. In this post, I want to discuss the benefits of gold from a different perspective…