When you entered the workforce, investing in gold was probably the last thing on your mind. You got the company brochure detailing all of the benefits including a nice pension plan and you thought you were set for life. Years later you find this isn’t the case at all. If you are lucky enough to still have a job, and not be one of those billions of poor souls that lost their jobs because of cut-backs and outsourcing, you might still be counting on that pension plan for when you retire.
The truth is that there is a very good chance that the funds that were supposed to be set aside for your pension are gone. The managers of pension funds invest this money. That is the only way to ensure there will be enough for everyone on the plan, plus pay for their gigantic salaries and bonuses.
The amount you and your employers contribute would never be enough to pay any decent sized pension to all of the people on the plan. Especially now that the life expectancy of the average person is much longer than when these plans were first set up. So, the managers of these funds have to invest the money.
If you know anything about the stock market, then you know that most stock investments are failures. Very few stocks make money. Of course, these managers diversify. Not all of the money is invested in the stock market. However, very few of them think about investing in gold. Gold is the only sound investment. Prices may slip and slide a bit, but in the end, gold is always a solid investment you can count on.
It’s not too late. You can still invest in gold and have some type of comfortable retirement. No matter what happens in the stock market or in the economy, you will always be able to trade gold for life’s necessities like food. There are hundreds of gold ira companies out there that can help you have a comfortable retirement.
Gold doesn’t collect interest. In order for it to grow in value, the price of gold has to rise. But that is not the issue. The important part is that it will still have value. Your local currency could be devalued. You could wake up one day and find that all of the thousands of dollars you have spent your life saving, are not worth a penny. It has happened before, and it could very well happen again.