What Is ‘Timing the Market’?
Many investors attempt to “time the market.” What do we mean by this? We mean to say that many people look to outperform the market by trying to time buying and selling decisions based on various factors such as economic forecasts, valuation studies, or technical analysis.
While those that can do this successfully on a consistent basis may enjoy significant financial rewards, the reality is that very few investors are able to achieve any consistency. In fact, looking at mutual funds is a great example. The vast majority of mutual funds fail to beat the broader market.
We could certainly make a strong argument against market timing, and we feel that such an argument holds especially true when it comes to the gold market.
The Reason To Own Gold
Ask yourself this simple question: Why do I want to own gold?
Is it to make money?
Is it to leave to your heirs?
Perhaps to hedge against currency risks?
How about because you are worried about inflation?
Now please don’t get us wrong here, there is nothing wrong with making money. If you buy gold at $1800 an ounce and later sell it at $2400 an ounce, you will have a nice profit on your hands.
But then what?
While gold can certainly be a money-making vehicle, we believe that gold ownership serves a much higher purpose.
How about owning an asset with true inherent value? An asset that may potentially rise in value along with inflation?
What about having something in your portfolio that may potentially protect you from declining paper currency values?
And let’s not forget the peace of mind that comes with physical gold ownership.
While money is always a big consideration, some things are even more important: Security, peace of mind, reliability…
Put simply, when it comes to physical gold, you should have one goal and one goal only:
To acquire as much of it as you possibly can.
If you want to try to “time the market,” do it somewhere else. If you want to build a substantial holding of an asset that has been widely coveted and respected for thousands of years, gold is the way to go.
To go one step further, even if you made money timing gold or any other market, what good will that money be if it isn’t worth the paper it’s printed on?
What good will all this paper money do you in the midst of a global financial meltdown?
Will the value of this money increase if hyperinflation were to set in? What then?
Hopefully, you see our point.
Still not convinced? Consider this:
How have many of the world’s wealthiest people built their fortunes? Does Warren Buffet “time the market” or does he make smart buys and continue to accumulate? How about global central banks and governments? Do these mega institutions trade gold or do they acquire it and hold it?
The Bottom Line
Don’t put your financial future at the whims of markets. Take control now and begin building your financial fortress today.
Building a large holding of physical gold has never been easier than it is today. All you have to do is start buying, and never stop.
Your IRA account may be the ideal means for building a large physical gold portfolio. Don’t have an IRA? It’s easy to set one up. Do you have an old 401k account doing nothing for you? Roll it over into a precious metals IRA. In our opinion, gold is cheap at current levels – but we don’t expect it to stay that way.
Would you rather start buying gold at $1800 an ounce or $3000 an ounce?
Assuming you’d rather buy gold at $1800, don’t hesitate. Take action today. Speak with an Advantage Gold account executive to begin your journey. Start acquiring reliability, peace of mind, and value.
Talk to an IRA advisor about how to roll over your 401(k) into a Gold IRA by opening a self-directed IRA account, contact us or call us at 800-341-8584 today.