During Economic Turmoil, Many Turn To Gold As A Safer Haven – Is It Right For Your Retirement Savings Portfolio?

Click here to read the 2023 Global Gold Report. 

There are lots of options to choose from when it comes to investing for retirement, from 401ks to Health Savings Accounts (HSAs), and from traditional and Roth Individual Retirement Accounts (IRAs) to self-directed IRAs (SDIRAs). Each comes with its own benefits and drawbacks, but all the choices can be overwhelming. 

There is a gap between the priority placed on retirement and the planning that goes into it. While the vast majority of Americans say planning for retirement is important, more than two in every five across all age groups don’t feel prepared. This gap is most pronounced in those on the cusp of retirement, with 93% of 60-69-year-olds saying planning for retirement is important, while 42% of them say they don’t feel prepared for retirement. 

During financial uncertainty, concerns around retirement savings are particularly acute. In the 2008 financial crash, 401ks and IRAs collectively lost over $2 trillion, damaging the life savings many depended upon. As talk of a recession looms, over half of workers expect they will have to work even after official retirement.

That is why adding precious metals to a retirement investment can be a way to protect against market losses. Gold, silver and platinum have held value for millennia, and they continue to be seen by many as safe investment options. Gold saw a 360% price increase from 1990-2020, outperforming the U.S. dollar by almost two-to-one. People can add gold to their retirement savings through SDIRAs, and about 12% of Americans own gold either physically or through SDIRAs.

However, even for people interested in investing in precious metals, there can be a lot of uncertainty about how best to do it. It's important to get the appropriate guidance when investing in precious metals. With Bank of America economists predicting a recession in 2023, the investment services company Red Rock Secured has embarked on the mission of helping each individual create a stable retirement fund that can withstand market volatility.

The Benefits Of Gold For Your Retirement Portfolio

Red Rock Secured is a private company that provides a variety of investment services and top-line customer support. It offers a range of educational resources to help demystify gold, silver, platinum and other precious metals and works closely with customers to help them make the right financial decisions for protecting their hard-earned retirement funds.

The company says clients who diversify some portion of their investment into precious metals can hedge their retirement funds against market losses. Gold’s demonstrated ability to hold value over time is rooted in the fact it's a finite and tangible asset that must be physically mined, minted and stored. Gold price often moves inversely to market performance, which is one reason why investments in gold more than doubled in the years following the 2008 crash. 

Red Rock Secured offers free consultations and streamlined services to its clients. The company’s recommended diversification strategy involves transferring a percentage of the 401(k) or IRA fund to a gold or silver IRA. It provides a rollover specialist to walk the client through the simple step-by-step process of converting the investment to physical gold, silver or other precious metal, and it will safely ship the investment to a secured storage facility. 

The company offers premium customer service, and is backed by excellent reviews, including its A+ rating from the Better Business Bureau and the five-star rating from the Business Consumer Alliance.

Red Rock Secured’s annual guide to gold investment, the Global Gold Report, was featured in Fortune’s 2023 Investors Guide titled “The Recession Playbook.” The report covers macroeconomic trends around inflation for 2023, as well as the trajectory of gold in the market. In it, the company’s CEO Sean Kelly predicts the price of gold may increase to up to $5,000 per ounce, from $1,700 in November of 2022. Get a copy of Red Rock Secured’s annual report on gold here.

Interested in learning more about Red Rock Secured? Visit its website.

Featured photo by Scottsdale Mint on Unsplash

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