April 1, 2009 – 401K transfers from mutual backed retirement accounts into precious metal backed retirement accounts are becoming more popular as American investors are beginning to realize the dangers involved with the stock market during the worst financial crisis since the Great Depression. Yesterday, gold officially ended the best quarter seen in a year due to expectations that the United States Dollar will continue to weaken and possibly even collapse in the near future as inflation begins to grow at frightening speeds. Tomorrow, leaders from the group of 20 nations will unite in London in order to discuss their plans to combat the horrors of this economic recession, yet many market analysts believe that the meeting will only result in further negative economic data becoming released. Fortunately, retirement account investors can sleep easier at night knowing that they have gold in their IRA after making the appropriate 401K transfers.
During the midday trading hours, the gold bullion spot price is moving up just a small bit, and it currently sits at $920.30 per ounce, an increase of $2.30 for the day and also an increase of $36.80 in the last year. The overall movement for the metal is looking solid and many wise investors are beginning to weigh out their options with their traditional investments compared to gold. Don’t forget that a proper diversification into precious metals could be an ideal way to preserve spending power, be it for physical possession or 401K transfers into a retirement account. Happy investing and don’t forget to deal directly with Certified Gold Exchange if you seek useful market assistance and competitive pricing.
