What is a Gold IRA and Why is it so Popular?

LOS ANGELES, Dec. 13, 2011 /PRNewswire/ -- 2011 for investors has been nothing short of a roller coaster ride; from high unemployment rate and debt ceiling woes in the U.S. to unresolved sovereign debt crisis in Europe, the global economy has faced a sputtering growth and lack of concrete financial solutions. While financial analysts and investors alike have predicted a quantitative easing (QE3) to aid a suffering U.S. economy, the risk of inflation and a further weakening of the dollar have risen significantly.

This type of downward spiral for paper assets has many investors terrified to open their IRA and 401K statements. The value of paper currency has continually declined year after year for decades. And with the United States decision to raise the debt ceiling past 15 trillion, the value of the U.S. dollar is becoming less and less.

So what are investors doing to protect their retirement accounts from inflation risks, the weak U.S. economy and global turmoil? From novice to experienced investors, there is one simple solution: acquisition of Gold and other physical precious metals. Many people have sought to use precious metals to protect their retirement assets, as well. Funds held within Individual Retirement Accounts (IRAs) or former 401Ks can easily be converted into physical precious metals, providing an added benefit of tax-deferred saving. More and more people have been choosing to use a simple transaction known as a Direct Transfer or a 60-Day Rollover to move any portion of their retirement funds from lagging, under-performing stocks and mutual funds into physical Gold and Silver in a self-directed Gold IRA account. These self-directed Gold IRA accounts allow the account holder to obtain physical precious metals to be stored within IRS-approved depository facilities. The self-directed Gold IRA has been the perfect vehicle for weary investors tired of relying upon the business practices of large corporations; they are able to rest assured that their physical assets are waiting to be distributed upon reaching retirement.

Many scared investors want to know why a Gold IRA has become so popular; why should someone rollover a portion of their assets into a physical Gold IRA? Here are a few reasons to consider a Gold IRA now:

1. Investors are tired of Wall St. – since the beginning of the U.S. recession back in 2008, many people are fed up with the poor money management and greed that has caused countless government funded bailouts to corporations that not only deserved to fall, but failed to add new jobs to help stimulate the economy.
2. Uncertain Direction of the Economy – Whether the Federal Reserve will step in and add relief via a Quantitative Easing is uncertain.
3. Investors can see their money being 'watered' down - dollar denominated assets are weakening with the rise of inflation and stagflation.
4. High Unemployment/Jobless claims –With unemployment being over 9%, the overall health of the economy currently looks to be running at a stall speed.
5. The 15 trillion dollar debt ceiling – With blurry long-term plans to resolve such a large volume of debt, the far-from-sound solution of 'kicking the can down the road' to pay debt with more debt has only raised more fear doubt and uncertainty for U.S. investors.

About American Bullion

American Bullion Inc. is a precious metals firm specializing in converting Individual Retirement Accounts (IRA) or Former 401Ks into physical Gold and Silver IRAs.  Converting an existing IRA to a Gold IRA is Tax-Free and Hassle-Free. For more information please visit http://www.americanbullion.com , or call us now at 1-800-547-8418

SOURCE American Bullion, Inc.