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Worried about inflation? You’re not alone!
That’s why more investors are considering Gold IRAs to diversify their portfolios.
As Money.com recently reported, “Inflation has been rising for months, thanks in part to a global supply chain disaster that has caused shortages and price increases.”
Your Gold IRA investments are held in a tax-deferred account. Essentially, this means that your contributions and gains will not be taxed.
Here are three reasons why investing in gold through a Gold IRA is the right financial move:
1. Safeguard against inflation
Investing in a Gold IRA will protect you against inflation because as the dollar goes down, gold has a tendency to increase in value because it's a dollar-denominated commodity.
Essentially, your gold account will serve as a safeguard against moves by the Federal Reserve that may have an impact on inflation and the economy.
Oxford Gold Group allows you to roll over your current IRA without any cost.
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2. Diversify your portfolio
Investing in gold adds additional diversification to your portfolio, given that it’s another type of asset.
Also, considering that gold is a physical asset lends it an air of stability usually sought during speculative times for the economy.
3. Demand for gold is increasing
The demand for gold has steadily increased in 2021. With this demand, comes the increase in value.
Internationally, it is very common to have investments in gold and in the US we saw a spike in gold investments in 2021.
Although gold prices have already increased this year, with inflation occurring and demand increasing - a gold investment makes sense for many investors right about now.
The investing information provided on this page is for informational purposes only. This material does not take into account your particular financial or personal circumstances. You should consult with an investment, financial, tax, and/or legal adviser before making any investment decisions.