Many investors prefer to have their money backed by precious metals instead of paper dollars. This has led to an increase in marketing offers for gold IRA that are being sought after in addition to 401k gold accounts that are not backed by paper dollars, giving those who do not have faith in the current currency system more security.
The premise is that should the economy falter, those who hold precious metals will maintain a higher degree of investment worth than those backed by US or other currency. This has extended to beyond purchasing precious metals into offerings of gold 401k accounts that use the same system as IRA gold accounts.
For those who have traditional currency backed IRAs there ways to transfer this to a precious metal based investment. Many brokers offer a gold IRA transfer so that you are able to take advantage of this type of an investment without having to start over. Gold has been the basis of an investment system for centuries, which is why many prefer to rely on gold or other precious metals as a part of their investment strategy.
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