It is well-known that gold and silver investments can be used to hedge against inflation or economic uncertainty. But, the reality is that there is an enormous population of Americans who are interested in physical precious metals. They do not possess enough capital. You may be one of these people. If so, you have the option to roll over your 401k account or make a transfer into a self managed gold and silver IRA. Because your current retirement plan doesn’t allow you to hold physical precious metals, the reason why you want to rollover to 401K is not clear. Gold IRA is the best option to obtain physical precious metals.
Although many investors recognize the worth of precious metals like gold and silver they choose to invest in ETFs that are backed by these metals. ETF share prices are derivative paper assets and are based on the current market values of the precious materials. You don’t have the true right to own gold and silver. Real assets are those that you can actually purchase gold or silver bars and coins today.
If you could roll over $10,000 from your 401K to a IRA, then you would be able do a 401K rollover in 1970. Your Gold IRA today will be worth $530,000, after you have taken into account all the financial and investment risks, such as terrorist attacks and oil shocks.
Gold and other metals are expected to continue rising as a result of government devaluation of the US Dollar. Emerging economies will also require precious metals as a means to develop their infrastructure and diversify central bank assets. As an investment in gold it’s wise. However, investing in silver is also smart. You should also hold physical precious metals, such as Gold 401K or gold bullion shares. A 401K rollover to a Gold IRA is a great way to protect your future as well as your family’s.