November 6, 2009 – Our nation’s retirement account investors have lost almost $3 trillion during this recession, as stock indexes and cash accounts have performed quite poorly. The average IRA lost about 45% within the last three years, and this unprecedented loss of wealth has influenced many of these retirement account holders to research a diversification program.
Many investors have seen that commodity prices are rising, and exchange traded funds (ETFs) make it convenient to invest in gold, cattle, sugar, etc. Just as you cannot take delivery of a bag of sugar simply because you own shares of a sugar ETF, you cannot expect your IRA to be backed by physical gold with“gold” ETFs. Investors are more apt to purchase physical precious metals for their IRAs, because the mindset of long-term safety and security currently prevails. Since the government enabled physical gold to be placed within a retirement account, millions of unhappy IRA and 401K owners have converted their underperforming assets into a precious metal IRA. A variety of precious metals are permitted within IRA accounts, but only one investment is non-confiscatable. This coin is the American Gold Eagle Proof, which has been a perennial best-seller for the US Mint since 1986.
In 1933, President Franklin Roosevelt froze the gold bullion market and confiscated the gold bullion of American citizens. This was done to back up the weakened dollar, and similar economic conditions exist today. If the people inside the smoke-filled rooms in Washington decide to confiscate gold bullion again, gold bullion that is depository-stored for retirement account purposes would be the simplest to seize. The American Gold Eagle Proof is a non-confiscatable asset, so investors who want to hold gold inside their IRA as a way to protect themselves from our struggling economy should consider this coin their premier option. Contact www.Gold-Eagle.org directly at 800-300-0715 to get the facts about gold confiscation, and our nation’s current financial woes.
Joshua Harris
Senior Staff Writer - Gold-Eagle.org