Planning for your retirement can be a dizzying prospect given the many different financial products and investment options available to you. Do you know that you can make gold bullion part of your RRSP, meaning it’s tax-sheltered wealth you put away in the present and withdraw when you retire, when you’re in a lower tax bracket, just as you would with a GIC, stocks, or any other paper investment? There are countless reasons to make gold part of your retirement plan, but these are five of the most compelling reasons Silver Gold Bull customers turn to gold.
Gold is most popularly used as a hedge investment, i.e., to protect yourself against losses. That’s because gold usually has an inverse relationship to the stock market and the value of currency. When stocks crash, people flock to the stability of gold. In the longer-term, when a currency consistently loses value, gold also protects against that loss.
With safe, low-interest investments like a GIC, you don’t have to worry about the risk of your investment losing all its value, but you do face the certainty that your investment is slowly eroding, thanks to inflation. The stable, long term purchasing power protection offered by gold can protect you against this slow and steady loss.
The long-term performance of gold is a remarkably stable investment, but like many investment options, it experiences ups and downs. In only four years, from 2007 to 2011, gold rose from $655.50 an ounce to $1,886 per ounce. Since then, the price of gold has come down again, but short-term investors did very well in the price run up in 2011. If you’re investing to make money in the short-term, you can even use a market alert at Silvergoldbull.ca to notify you when gold hits your target price.
When you buy gold, you’re buying a precious metal that people have valued for millennia. When you buy a stock, you’re buying into a company, and that company is run by a board, a CEO, and a number of other executives. Not only can they perform poorly, they can also be rocked by fraud and illegal activities on the part of executives, which can leave your investment worthless when it all comes to light.
Jewelry has traditionally been the easiest way to transport wealth in the form of gold. It’s where wealth goes in times of crisis, which could make it a reliable way to support your family during times of political instability. Beyond its investment value, gold jewelry is a classic gift, a way for people to celebrate anniversaries, birthdays, weddings, and other special occasions, and we provide it at Silver Gold Bull. You can also give gold jewelry as a gift to introduce your son or daughter to the value of gold as an investment, or even bequeath it.
Gold has played an important role in investment management for millennia, often as the primary way civilizations and individuals stored wealth. That hasn’t changed, and it remains a remarkably well-performing way to hedge your portfolio and protect your assets against inflation and stock market volatility. From bars to coins, collectibles, and jewelry, buy real, physical gold from Silver Gold Bull and store it fully insured. No other retirement savings can give you the peace of mind that gold will.