How did your IRA fare against the inflation of 2008?
How did your IRA fare against the inflation of 2008? If your answer is “my IRA fared well,” you must be among the few who had wisely taken advantage of the benefits offered by the Taxpayer Relief Act (TRA) passed in 1997. The TRA allows you to put certain types of gold bullions and other precious metals in your IRA with tax deferred protection.
If your answer is “my IRA fared badly,” your IRA must be among the many that relied too much on paper assets like stocks and bonds as placements for IRA funds. These assets are among the first to suffer and suffer the most during times of inflation. Stock market returns plummeted to a negative 37 percent. IRA investments lost an average of 25 percent in 2008 and another 35 percent in 2009. These losses were computed to be $2.5 trillion in 2008 alone. Another $4.5 trillion IRA fund losses are purportedly in the making for the early part of 2010. In contrast, the price of gold soared to $865 an ounce and $1104 in 2009, many times more than the 1997 price of $324.
Inflation is still very much in the air but it is not yet too late to make your IRA fare well against inflation.
As a first step, check with your IRA custodian if your IRA is allowed to put gold into your IRA. Next step, call Certified Gold Exchange 1-800-300-0715 for assistance. An expert will stay with you on the line and help you complete this simple procedure: Fax all the appropriate IRA forms that give your retirement custodian permission to transfer the desired portion of your account equity to GoldStar Trust or Sterling Trust. Either may be your chosen IRA gold custodian.
Once the funds had been transferred, the Certified Gold Exchange expert who has been assisting you will contact you directly and present to you a selection of gold products for your IRA. The CGE expert will help your IRA fare better against any inflation.
Zachary A. Pew