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Gold Bullion IRA Plans Gaining Popularity as Government Shutdown Continues

The first round of losses that drained over $3 trillion from American’s retirement accounts between 2005-2011 was not enough to convince some IRA holders to diversify their portfolios, and until recently it seemed to some that staying put was the smart move. Stocks, in general, have performed well, and inflation has not been shockingly obvious, at least if you go by our government’s inflation index (the one that doesn’t account for food and energy costs).

The government shutdown has changed all of that, however, as stock brokers are struggling to retain clients and investors are largely refusing to put their money into any type of long-term asset. Gold bullion prices have not changed much since the shutdown began, but the fact that the federal government – and the people we elected to manage our finances – has closed for business is more than enough for some investors to throw up their hands and say, “I’ve had enough!”

Many of these investors are opting to convert their assets into Gold Bullion IRA plans, for a couple of reasons. Gold bullion investments are extremely liquid, meaning they can be turned back into cash at any time. Gold bullion is one of the few IRA investments that you can actually put your hands on, provided you pay the taxes and, if you’re under the age of mandatory withdraws, the early withdraw penalty.

Gold bullion hasn’t exactly shone over the last few months, as it is down 5% in the last 30 days and about 25% year-over-year. Why, then are so many people who are close to retirement choosing to buy gold bullion when our economy is in such a fragile state? Because gold is not fragile. It is solid, it can (and has) withstand the test of time, governments and fiat currencies. While our elected officials fight over how much cash needs to be printed to get us through another couple of months, savvy investors are calculating how much cash they can do without.

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