Is It Too Late to Invest in Gold?
Far too often, would-be investors make the mistake of assuming that they are too late. On the flip side of that coin, investors also have a strong tendency to demonstrate the opposite behavior. The current stock market is a great example of investors being late to the party.
Stocks have been moving higher for a decade now, and the aging bull market has been showing some serious signs of being overbought and concluding. Valuations are at levels often seen before major corrections or bear markets, and yet investors continue to pile into stocks as if the market will keep going up indefinitely.
While smarter money may realize that stocks may not offer a favorable risk/reward scenario at current levels, smaller investors will continue to get sucked into the market and then BOOM. Once they are all long, the market will reverse course. Markets have a way of punishing as many people as possible, and that tendency will likely be seen again when the current bull market finally does come to an end if it hasn’t already.
There are other asset classes, however, for which getting in late is better than not getting in at all. While stocks are bought strictly for their potential upside, they offer little to no other benefit outside of possible dividends.
Potential Benefits of Gold Ownership
Physical gold, on the other hand, offers numerous potential benefits. Although the potential for price appreciation is certainly a big plus, the other potential benefits that come from gold ownership are just as important-if not even more important.
Gold has been considered a reliable store of wealth and value for thousands of years. The metal can potentially provide a meaningful hedge against a number of economic and geopolitical issues like inflation, deflation and declining currency values.
Given the tendency for paper currencies to lose value over time, now is as great a time as ever to look at diversification with gold. The potential for continued rampant inflation in the years ahead following many years of low rates and money printing is another reason why you should seriously consider a large holding of physical gold right now as part of your overall portfolio.
Adding an allocation in physical gold has never been easier than it is today. Simply pick up the phone and speak with an Advantage Gold account executive. Our representatives are here to answer any questions you may have, and can even show you how easy it is to build an important allocation in the metal using your IRA account.
Regardless of the current price, it is never too late to start adding physical assets to your holdings. Numerous economic and geopolitical issues that may come down the pike in the years and decades ahead warrant the holding of hard, physical assets that may potentially offset some of the monetary issues associated with inflation or weakening fiat currencies.
Physical asset classes are likely to see a massive influx of capital in the years and decades ahead as investors flee stocks and other risk assets. Such an influx could potentially fuel a substantial price rise in these assets-potentially taking gold to $2500, $5000 or even $10,000 per ounce or more. An increase like that could equate to significant returns on investment, while also enjoying all of the other potential benefits that these asset classes can offer.
It’s never too late. Today is as good a day as any to get started.
For more information or to talk to an IRA advisor about how to rollover your 401(k) into a Gold IRA by opening a self-directed IRA account, contact us or call us at 800-341-8584 today.