Saturday, May 22, 2010

Investing in Gold

5 years ago my 401k was moving steadily upward....it was 401k gold. I mean, I was making significant gains.
Things have changed in the last couple of years. So, while my 401k isn't like gold anymore, I have been thinking about gold.
Gold....it has been a treasure sought after for many thousands of years. It's really the only market that has always stayed strong. And that's why I've been considering investing in a gold IRA.

You can put many different investments into an IRA gold being one of them.

I already 3 different retirement accounts going....but these last 3 years of economic decline have severely affected my retirement...at least the net value. I, of course, still have the same amount of shares.

But gold has gotten stronger during this crazy time. Since 2 of my retirement accounts are 401k's that I had with previous employers, I should qualify to do a gold IRA transfer, which is where I transfer the 401k to an IRA and then use the roll-over funds to purchase the gold.
Maybe legislation has changed and there is such a thing as a gold 401k, but I think I'm going to have to go through the transfer process.

1 comment:

House of Onika said...

Hello. We're bloggers from the Philippines. Hope you can do us a little favor by announcing or mentioning our giveaway on your blog. Here it is: http://www.houseofonika.com/2010/05/house-of-onika-giveaway-with-csn-online.html

Better yet, why don't you join?

Thanks a lot!