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Gold IRA investment receives major endorsement

June 15, 2009 by  

Gold IRA investment receives major endorsement American Bullion, Washington Times radio and The Rescue Task Force veterans charity have teamed up to tout the benefits of U.S. Gold IRA retirement accounts.

Under the terms of the alliance, American Bullion will donate to charities dedicated to severely wounded war veterans on each client’s behalf.

U.S. Gold IRA accounts act to provide asset security by investing in physical gold in the form of gold coins having a purity of 24 karat or 22 karat U.S. Gold Eagles. Many financial experts believe precious metals offer the best asset value protection in these turbulent economic times.

"Gold just seems to make sense, it’s a store of value," said chief executive officer of Northwestern Mutual Life Insurance Edward Zore in an interview with Bloomberg. The company has recently invested $400 million dollars in gold for the first time in its history.

"[T]he price could double or even rise fivefold if the economy continues to weaken," Zore believes.

The self-directed Gold IRA has the added advantage of investing in domestic gold at a time of economic crisis.
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  • http://www.buyrealcoins.com Adam

    I like the quote above from the CEO Edward Zore about it being a “store of value”. If you’ve watched the market fall lately and also watched precious metals like Gold and Silver, you’ll see where a lot of people are starting to make the move to precious metals as Gold and Silver remain stable if not increase in their value. One thing that would be a great follow up on this article though is the value of world coins and buying gold coins from other countries as well as an investment or for your IRA.

  • http://nafep.com John Coktostin

    Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a hedge or safe haven against any economic, political, social, or fiat currency crises (including investment market declines, burgeoning national debt, currency failure, inflation, war and social unrest). The gold market is also subject to speculation like most commodities, especially through the use of futures contracts and derivatives. Gold is also money, although it is treated by some investors as a commodity.

    http://en.wikipedia.org/wiki/Gold_as_an_investment

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