The benefits of investing in precious metals, as opposed to traditional assets such as stocks, are endless—the most important is their protection against inflation and other financial issues. Elite investors worldwide use these investment vehicles as a hedge against inflation. While the stock market is booming and many people are earning good returns on their investments, inflation eats away at your retirement savings. Savvy investors look to Gold IRAs to diversify their portfolios with precious metals to protect themselves from this risk.
What is inflation, and how does it affect retirees?
It’s no secret that inflation can significantly impact retirement income. Inflation is a term that describes the rising prices of goods and services over time. A 5% 12-month inflation rate means what cost $100 today may cost $105 next year and $110 the year after. In context, the latest inflation rate reported from the U.S Bureau of Labor Statistics reported a 40Year high inflation rate of 8.5% on April 12th, 2022.
As prices rise, the value of hard-earned retirement savings diminishes. That’s why it’s crucial to protect your retirement from inflation by investing in products that can insulate them from inflation.
Gold IRA companies help customers diversify their investments with precious metals. These metals have historically held their value well, especially in times of high inflation.
How does inflation impact my retirement account?
One of the main concerns about retirement is how inflation will impact it. Inflation can erode the value of your savings over time, so it’s essential to take steps to protect them. One way to do this is by investing in precious metals, which are known to hold their value even in times of rising inflation.
Gold Hill Retreat is honored to help investors conduct in-depth research when deciding how best to preserve retirement savings. Augusta Precious Metals has received the highest letter grade available from the Business Consumer Alliance (BCA), “AAA,” and a 5-star rating based on 76 independent customer reviews. When you invest with Augusta, you’re partnering with a company that takes pride in its products and services and is committed to excellence.
There are several ways to make gold and silver investments, and each has its advantages and disadvantages. Investors need to understand these differences before making a decision. For example, some investors may purchase physical gold or silver coins, while others may prefer buying shares in a gold or silver ETF. Whatever route you decide to go, be sure to work with a reputable company like Augusta Precious Metals that will offer you quality products and excellent customer service.
High Inflation Rates or Recession: Analyst Says Gold’s Got You Covered Either Way
Gold has been rising as investors have been fleeing from other assets to seek safety. The spot gold price, determined by the live trading of gold futures and options, has risen about 4% this month. The rising spot price is due to a few factors, including the Federal Reserve’s recent decision to raise interest rates and increasing global political tensions.
In light of the current market conditions, many investors are turning to a physical metals IRA to protect their wealth. Metals like gold, silver, palladium, and platinum tend not to lose value during periods of high inflation or economic recession like many other types of investments can. And because the spot price for gold and silver is constantly changing based on supply and demand, investors can buy or sell them at any time they please.
The Federal Reserve Bank president recently gave a speech in which he expressed his concerns about the “disastrous” effects of increasing interest rates. He worries that if the Fed continues with its planned interest rate hikes, there could be negative consequences, such as a recession. Some observers have raised similar concerns and say that the Fed is overlooking potential problems. However, others believe we are overdue for an interest rate increase to catch runaway inflation.
Gold and silver IRAs have long been seen as safe-haven assets during times of economic uncertainty. And with the recent announcement by the Federal Reserve to move back to lower interest rates, many analysts are predicting that we could see an increase in inflation or even a recession.
A gold or silver IRA is likely to do well in either case.
Peter Boockvar, chief investment officer at Bleakley Advisory Group, is bullish on both metals and believes they will perform well in either scenario. He cites the potential for higher prices due to inflation as well as the fact that investors tend to flock to these assets during times of recession. Gold Hill Retreat believes that Boockvar’s outlook is sound, and precious metals make a strong personal finance hedge against volatility in the market and can protect your retirement from inflation.
Peter Boockvar: Current Uncertainty Underscores “My Bullishness on Gold and Silver”
The Chief Investment Officer at Bleakley Advisory Group, Peter Boockvar, recently stated that he is bullish on gold and silver because of current uncertainty. He believes that either the Federal Reserve will tighten too much and growth will slow, or they still won’t tighten enough, leading to an increase in inflation. The price of gold and silver have strengthened when the Fed has tried to hike rates in the past, and investors’ confidence began to wane when the Federal Funds rate was approaching 2.5%.
The economy is still fragile despite a period of relative stability from 2018 to 2019. The price of gold and silver has been on a steady climb since the Federal Reserve announced it would return to lower interest rates. Boockvar explicitly cites oil price, which has been on an upward trend recently, as a key indicator for the movement of gold and silver prices. Gold and silver are safe-haven assets that would rise in both a recession or high inflation, making them good hedges against economic uncertainty.
Learn About Gold and Silver – Without the Pushy Salespeople and Outrageous Claims
When it comes to precious metals, there’s a lot of information out there – and a lot of it comes from people who are just trying to make a sale. Unlike other gold IRA companies, Augusta Precious Metals wants you to have all the information you need to decide whether gold and silver are suitable for you.
That’s why Augusta provides extensive educational materials on their website, without any of the pushy salespeople or outrageous claims.
Savvy investors can learn about the history of gold and silver, how they’re mined and refined, and their role in economies throughout history. A precious metals IRA is the modern-day way to store wealth as elites have done throughout history.
Want to buy gold but have some questions?
Augusta Precious Metals also has a comprehensive FAQ section to help with retirement planning. Customers can find answers to questions about investing in precious metal IRAs and what to look for in gold IRA companies. And if you still don’t find what you’re looking for, they have a knowledgeable staff who is happy to answer your questions – no pressure, no sales pitch.
Before Gold Hill Retreat could recommend Augusta Precious Metals as one of the Best Gold IRA companies for 2022, we conducted an independent review of several gold IRA companies. When Gold Hill Retreat reviewed Augusta Precious Metals, we were impressed with the company’s impeccable record of customer satisfaction. Looking through every independent review site, we could find ranging from TrustLink, Trust Pilot, Better Business Bureau, Business Consumer Alliance, and many more.
Not 1 single complaint was filed against the company by existing customers.
Augusta Precious Metals believes that education is vital when it comes to making informed investment decisions. So customers are encouraged to explore the website, and if there are any questions, don’t hesitate to contact the Augusta team. Augusta Precious Metals team of silver IRA specialists who want to help you make the best decision for your financial future and retirement income plan.
How can a gold IRA company like Augusta Precious Metals help protect retirees from inflation?
Augusta Precious Metals can help protect retirees from inflation by buying and holding gold bars and other precious metals in a gold IRA. Gold premium coins and other metals held in gold or silver IRA are usually not subject to the same level of inflation as other investments. Gold’s inherent resistance to raising inflation rates makes a gold IRA investment strategy a great way to protect your retirement income.
When retirees look for ways to protect their retirement account savings from inflation, a gold IRA company like Augusta Precious Metals can be a valuable resource. With years of experience in the industry, Augusta has the expertise to help prospective investors with retirement planning and make sure they choose the right type of IRA not to lose money and then roll it over by investing in gold or other new precious metals.
These rollovers are commonly termed gold IRA rollovers.
IRAs come in three main varieties–traditional, Roth, SEP, and Treasury Inflation-Protected Securities (TIPS)–and each one has its own benefits and should discuss with your certified financial planner when it comes to protecting your money’s purchasing power from inflation. Your financial advisor can help you decide which option is best for you, and Augusta will work with you to make the process as easy as possible.
Once your account is open, you’ll have a variety of coins, bars, and bullion to choose from to find the perfect investment for your needs. And because Augusta is committed to providing excellent customer service, you can rest assured that they’ll be there with support.
Why is it important to add precious metals assets to your investment portfolio?
Gold and silver are essential additions to any investment portfolio because they have traditionally been used as a hedge against inflation and storing wealth for 100’s of years. In times of high inflation, the value of gold and silver tends to increase as people look for a safe place to store their money.
Precious metals, such as gold and silver, have been used as currency for millennia. Seen as relatively low risk compared to stocks and other investment options.
In addition, precious metals offer investors several advantages:
They are a hedge against government control.
They are a store of value and have retained their purchasing power over long periods of time.
Investors often use silver as a diversification tool to mitigate geopolitical, monetary, and systemic risks.
Adding precious metals assets to your portfolio is important because it can increase your diversity.
Precious metal coins are considered a type of self-directed retirement account, and the IRS’s “fineness” standards determine which coins are acceptable for this type of account.
Gold IRA custodians help ensure IRS standards are met.
IRS-approved depositories like the Delaware Depository carry comprehensive insurance policies guaranteeing your investment is safe.
A significant advantage of precious metal investments is that you can purchase physical gold bars or silver coins, which then sit in a depository for safekeeping.
Augusta Precious Metals Review
Augusta Precious Metals is a name you can trust when it comes to precious metals. They have been in the business for over 10 years and offer lifetime customer support. Plus, their simple setup and competitive pricing make them an excellent choice for investors of all experience levels.
Read Gold Hill Retreat’s In-depth review of Augusta Precious Metals.
That said, it’s important to remember that any investment–including IRAs holding gold and other precious metals–carries risk. So before agreeing to invest with Augusta Precious Metals, be sure to understand the associated fees and understand that past performance does not guarantee future results.
Augusta Precious Metals offers lifetime customer support with three custodian options.
Augusta Precious Metals has demonstrated transparency and integrity in their service offerings and offers comprehensive educational materials to help any investor get started.
Joe Montana is an ambassador for Augusta Precious Metals due to the company’s high quality of services, product offerings, and overall value proposition.
Augusta Precious Metals fees are at or below the industry standard, including the standard annual fee.
Gold IRA account holders have tax incentives in much the same way as traditional IRAs.
The IRS does set rules about the types of precious metals you can buy, but gold IRA accounts let you diversify your portfolio while still enjoying tax benefits.
The website is well-organized, and team members are very knowledgeable and responsive.
There are some potential cons to investing with Augusta:
An investor must have a minimum retirement accounts savings value of $50,000
Augusta’s website only offers gold and silver excluding platinum and palladium assets to hold within your precious metals IRA.
What are the benefits of investing in precious metals?
There are many benefits of investing in precious metals.
Some of the key benefits include:
Precious metals are tangible assets that can be stored and used to barter like currency.
Precious metals often offer a hedge against inflation.
Precious metals can be used to generate income through capital gains.
Precious metals are a global asset not tied to any one economy.
Precious Metals were used as the original currency.
There are many benefits of investing in precious metals, and chief among them is the protection they offer against inflation. In times of high inflation, the value of paper money can decline rapidly, while the value of precious metals tends to hold steady or even increase.
Precious metals are also a hedge against stock market volatility. When the stock market declines, gold and silver often hold their value or even increase the price, making them a safe investment for those looking to protect their savings from market fluctuations.
Precious metals also offer investors a way to diversify their retirement portfolios. Investors can reduce their overall risk exposure by including gold, silver, platinum, and palladium in their investment mix. And because these commodities tend to move independently, including them in a portfolio can help improve its stability over time.
Finally, precious metals are tangible assets that can be stored physically or held in a secure storage facility. This gives investors added peace of mind that their assets are protected and accessible when needed.
How can investors purchase Augusta Precious Metals products?
Investors can purchase Augusta Precious Metals products by contacting Augusta Precious Metals. By contacting Augusta through their website, a gold IRA specialist will be assigned to you, answering any questions you might have.
The gold IRA specialists do not work on commission, so they are more inclined to have a casual conversation without pushing new investors to make a sale. These specialists are provided as part of the lifetime customer care support and focus on updating customers about current economic trends and policies that could affect a retirement plan.
This gold IRA company will work with clients completing up to 95% of the paperwork to make the transition as simple as possible. So if you find a gold IRA is the right decision for your retirement goals, the complicated paperwork process is taken care of.
Once the gold IRA account set up is complete, investors can purchase through their online store, which offers a variety of products that ship within 7-10 business days.
How to Move 401k to Precious Metals IRAs Without Penalty:
There is no one-size-fits-all answer to this question, as the rules governing 401k to Precious Metals IRAs transfers vary depending on the type of 401k plan you have. However, you can generally move your 401k to a Precious Metals IRA without penalty if you meet specific requirements. The Best gold IRA companies like Augusta Precious Metals have the experience to help customers set up the self-directed IRA minimizing the negative impact on your retirement and retaining your account’s money and purchasing power.
If you’re looking to move your 401k to a precious metals IRA, you need to act fast. Within 60 days of transferring the funds, you can avoid any penalties.
GoldCo and Augusta Precious Metals are the two leading providers of gold IRAs, making the process quick and easy.
But don’t just invest in any old precious metals. Augusta offers self-directed gold IRAs for investors looking for control, diversification, and investment potential that’s hard to find with other assets. With Augusta, you’ll have access to some of the most sought-after bullion coins, including American Gold Eagles and Canadian Maple Leafs.
To learn more about this Beverly Hills Precious Metals company, check out this article: https://www.goldhillretreat.com/review/augusta-precious-metals-beverly-hills-ca-metal/
So if you’re looking to protect your retirement savings from inflation, look no further than Augusta Precious Metals.