Last month I taught a webinar about using Self-Directed IRAs, and I did a Q&A session at the end.
Guess what the #1 question was?
Can I put Real Physical Gold in my IRA, and if so how do I do it?
And I think those investors are on the right track. Real Physical Gold is a major part of my portfolio, and for 3 reasons:
- Wealth Preservation
- Ongoing Wealth Growth
- “Collapse Insurance” Windfall Profits
Most people know about #1. Gold has been storing value successfully for over 3000 years.
On the other hand the dollar is a type of currency known as a “fiat currency” and these have a 100% failure rate. Historically, they’ve always gone to zero.
That usually happens with fiat currencies after about 30 or 40 years, and the dollar became a fiat currency in 1971. (Thanks, Nixon)
That means there’s a really big chance that the dollar could collapse to hyperinflation like all the other fiat currencies have.
Which brings us to #3… [Read more…]