(PRWEB) September 01, 2011
Gold IRA Specialists has seen a sudden surge in the demand for Gold IRAS and Precious Metals IRA accounts as the future economic outlook grows more and more uncertain. According to former hedge fund trader Chris Dufffield, "As much as 20% of a retirement portfolio should be allocated into physical precious metals to reduce portfolio volatility." Duffield continues by saying, "Internationally renowned custodians like JP Morgan, Fidelity, Schwab, etc. do not allow their clients to place physical assets in IRA accounts because such assets cannot be traded for commissions. However, because of intense demand for the physical asset, investors are beginning to switch to custodians who do allow for Precious Metals IRA accounts."
Statistics indicate that growth investors have been placing physical gold in precious metals backed retirement accounts since 2002 because tangible assets like gold and silver have enhanced portfolio profitability and reduced volatility. Chris Duffield goes on to say that "With gold and silver continuing to reach new highs due to economic uncertainty and the increased likelihood of more Quantitative Easing, there still is ample opportunity for gains in this asset class."
According to GoldforIRA.com, a California based precious metals dealer, there has been a 22% increase in the volume of customers wanting to set-up a Gold IRA account since JP Morgan revised their 2011 Gold Forecast to $2400 in early August. Kristopher Schellhas, Co-Owner Gold IRA Specialists says "silver is also emerging as a very popular retirement account investment as it was once used as legal currency in the United States. With ongoing government manipulation of paper currencies in an effort to stimulate economic growth, people are continuing to turn to Gold and Silver."
So why aren't more people allocating physical precious metals to their retirement accounts? Chris Duffield wraps things up by saying "It appears as though most investors simply aren't aware that they have the option of placing physical precious metals in their retirement accounts. There are many custodians out there that offer Precious Metals IRA accounts, however the mass majority of IRA accounts are setup with custodians who do not offer this such a service."
Goldforira.com is a an industry leading one stop shop for setting up and procuring metals for Silver IRA and Gold 401k accounts. For additional information simply call 1-855-343-4653, account representatives are standing by.
# # #