LOS ANGELES, Jan. 22, 2016 /PRNewswire/ -- After threatening new highs throughout early 2007, the Dow Jones Industrial Average began a significant decline in November. It was a decline that didn't end until March of 2009. Stocks, bonds, real estate, and most every popular investment tool suffered substantial losses. Many IRA's and 401k's were damaged or even devastated.
The Dow Jones Industrial Average lost almost 50% between November 1, 2007 and March 1, 2009. Gold, showing almost regular gains throughout 2007 achieved a nineteen-year closing high in November of 2007. And in spite of that lofty achievement, it managed to eke out an almost 19% gain between November 1, 2007 and March 1, 2009, while almost every other financial instrument was struggling or even failing.
It's been said that "hindsight is 20/20." And it seems doubtful that anyone would argue the fact that it is useful to retrace the steps leading to an epic event, so as to learn from it, by identifying positive steps that can be duplicated and negative steps that can be avoided in future instances. Particularly when seeking to protect your retirement with gold and silver held within an IRA.
But upon closer inspection, it seems apparent that the déjà vu feeling should be getting much stronger in Americans. After hitting a new high early in 2015, the Dow Jones Industrial Average began a rather steady decline beginning in November, a decline which appears quite content to continue. After closing out August of 2011 with a thirty-year month-end high, gold too has settled into a downward trend.
Nevertheless, the greatest light at the end of the retirement tunnel is the shinning sparkle of gold. At the endpoint of the global economic crisis, roughly March 1, 2009, gold's closing price was a percentage point from a nineteen year high. Yet it had managed to gain 19% within the turbulence of the global crisis. Astute investors have already realized that many of the ingredients in the 2008 collapse are in place again. The biggest difference investors will realize is that gold is not within a percentage point of a recent high, but rather is more than 42% below its most recent high closing in August 2011.
American Bullion is a full-service precious metals dealership, which truly specializes in and offers the best IRA assistance available. An entire department has been created to focus on the needs of individual investors desiring to initiate, transfer, or rollover qualified plans into a gold IRA (aka precious metals IRA). Don't leave your retirement to chance. Make plans to get the best gold IRA possible.
How long before the golden waters of the world break out to find their true level? All indications are that it's only a question of time and the long term upward direction, by any collection of senses, seems undeniable. An American Bullion Best Gold IRA could mitigate the downside of another "economic crisis." Are Americans destined to repeat past IRA mistakes? Or are they ready to learn from the past and apply it to a more safe and successful future? Don't walk into the Wall Street trap again. Get your best gold IRA set up by the best gold IRA company, American Bullion.
SOURCE American Bullion, Inc.