There are many people who now choose to invest their money in gold and other precious metals. Investors are now looking for ways to safeguard their savings because of the current economic climate and fears about another economic collapse. As a tangible asset, gold is an excellent way to protect your investment dollars.
Many investors have begun to withdraw money from their 401Ks and IRAs, or even liquidate all of their retirement accounts. They are then able to move the money into precious metals IRAs. Although this is a great investment, others warn that it could lead to your gold being confiscated by the government. Many people are hesitant to move their 401K to a Gold IRA or buy gold bullion.