December 9, 2009 - Our nation’s retirement account investors have taken a collective $3 trillion hit during the current recession, due to poorly performing stock indexes and cash accounts. The average American lost about 45% within the last three years in their retirement accounts, and this unprecedented draining of wealth has driven influenced many retirement account holders to research gold diversification.
Many investors have seen that commodities are rising in value, and exchange traded funds (ETFs) make it convenient to invest in commodities like gold, cattle, and sugar. You cannot take delivery of a bag of sugar simply because you own shares of a sugar ETF, and you cannot expect your IRA to be backed by physical gold with “gold” stocks.
Investors are wise to purchase physical precious metals for their retirement accounts, because safety and security is at the front of these investors’ minds. Our government enabled physical gold to be placed within a retirement account in 1997, and millions of unhappy IRA and 401K owners have converted their underperforming assets into a precious metal IRA since that time.
A variety of precious metals are permitted within US retirement accounts, but only one of these investments is non-confiscatable. This is the American Eagle gold coin Proof, which has been a perennial best-seller for the US Mint since the coin’s inception in 1986.
If you don’t know the back story of the historic gold confiscation, it happened like this. In 1933, President Franklin Roosevelt froze the gold bullion market and confiscated the gold bullion of American citizens. Roosevelt did this to back up the weakened dollar, and our nation’s current economic conditions could be sufficient reason for another bullion confiscation.
If our leaders in Washington decide to confiscate US citizens’ gold bullion yet again, the bullion that is depository-stored for retirement account purposes would be the most practical to seize first. The American Eagle gold coin Proof is a non-confiscatable asset, so investors who want to hold physical gold inside their IRA to protect themselves from unfavorable economic conditions should consider this coin their best friend in this particular situation. Contact Gold-Eagle.org directly or register below to get the facts about the historic gold confiscation and to get the truth about the extent of our nation’s financial problems.
Joshua Harris
Senior Staff Writer - Gold-Eagle.org