Welcome To Transfs.com – A Website Dedicated To Help You transform your financial status.
Here at Transfs.com we dedicate our time to finding you the very best solutions in the vast financial marketplace, that will help you transform your financial status. You can learn more about the person behind this site here.
Currently we feel that due to the current state of personal retirement funds, we need to address that issue. This is why our home page is currently dedicated to investing in gold, especially when it comes to your IRA. We will provide information on other investments, reviews of finance providers, different investment software, financial coaching programs, along with providing an extensive blog full of information on how to manage your finances better.
As we add information, you will find an introduction and a link to the full information here on the homepage.
Is investing in Gold IRA worth it?
Before we address the question as to why you need to look at the possibility of and why you should invest in a gold IRA, we need to address what one is first, for those who don’t know.
IRA stands for ‘Individual Retirement Account’ and when relating to gold, it is when gold, or other approved precious metals are stored instead of paper based assets. A gold IRA functions in the same way as a standard one but the main difference is that instead of it holding paper assets, it hold physical gold bullion in the form of coins or bars. (for more information on Gold IRA check out Wikipedia)
Everyone wants to ensure that they have sufficient funds for their retirement. Having worked hard all your life, you want to have a retirement that you can enjoy, that gives you the freedom to do what you want. Whether that is to travel, or spend more time with your family, buy a retirement home the other side of the country, or to relax doing the thing you enjoy the most in life, you will want to make certain your IRA provides you with the standard of living you deserve.
So Why A Gold IRA?
From thousands of years ago, gold has always been a big deal. We say it’s a big deal not only due to its worth but also because investing in it has somehow always proved to be the best way to avoid inflation. Individual retirement accounts have been brought down by inflation especially for investors whose main focus was traditionally on the stock market, real estate and private equity. But buying a precious metal for your IRA account will always prove to be worthwhile. Here’s why.
Why investing in gold is better than most precious metals/paper currencies
While investing in precious metals like silver and platinum can still bring you some good returns, most people prefer gold because it is incorruptible. Silver and platinum will tarnish and react with oxygen respectively depending on the conditions they are subjected to. But gold can always be polished to look brand new. This is because it is a stable metal that doesn’t react with other elements. And in a similar fashion, it is economically stable. Unlike things like paper currencies whose value will fluctuate depending on how well the economy is doing, gold has a history of maintaining its value and can go up even in the verge of difficult economic times. It’s due to this reason that people are buying it as a form of preserving their wealth.