Americans lost up to $16.4 trillion from IRAs and 401(k) plans during the recession, and many of these investors are retired or close to retiring. They need that money to live.
Fort Worth, Texas (PRWEB) September 11, 2014
Physical precious metals firm GoldSilver.org announced today that it will extend its free Precious Metal IRA offer through the end of 2014, and company spokesperson Maria Martin said from her office in Fort Worth, Texas that the response from retirement account investors had been overwhelming.
“Americans lost up to $16.4 trillion from IRAs and 401(k) plans during the recession, and many of these investors are retired or close to retiring. They need that money to live,” Martin said. “We figured covering the account fees and storage costs for the first year would be a good way to get people interested in gold and silver-backed IRAs, and so far we are extremely pleased with the results.”
Some investors and financial analysts recommend putting 15-25% of one’s portfolio into precious metals as a way to offset losses that may occur in the paper-based part of the portfolio. “It’s up to each individual investor how to diversify. Some investors don’t see the advantages of holding physical gold and silver; others would not dare to live without some bars and coins tucked away,” Martin commented.
The IRS authorized the storage of gold and silver within retirement accounts in 1997. The U.S. Mint and bullion manufacturers supply millions of ounces of gold and silver to the Precious Metal IRA market each year. “More investors have rolled into Gold IRA plans each year since I have been with GoldSilver.org, and the way our economy is looking I would not be surprised if that trend continues,” Martin added.
GoldSilver.org is a North American market leader for gold and silver investments for home delivery or within retirement accounts. They buy and sell all sorts of investment-grade gold, silver and platinum. For more information or a free gold and silver investment guide, visit http://www.goldsilver.org or call 1-800-394-3337 today.