What Would Happen If More Of Us Opened Gold IRA’s?
Back in high school your education probably included a little economics, and terms “supply†and “demand†probably showed up on a quiz somewhere. We supply and demand at work today. Remember when only rich people had flat-screen TV’s? I can tell you this, if those of us in the median and low income range didn’t watch so much TV and therefore create a strong demand for the production of flat-screen TV’s, they would still be $2000, and only the rich would have them. If we apply the rules of supply and demand to a gold IRA, however, we would see an increase in price, not a decrease!
Unlike flat-screen TV’s the gold coins that go into a gold backed IRA don’t get old and wear out, thus having to be replaced, and gold coins don’t become obsolete when a new brighter sharper picture becomes available. Gold is gold is gold, and that is not going to change. Most people own at least one if not several TV’s, yet it is estimated that only a single digit percentage of Americans own gold coins, and only a fraction of that number of people own gold coins inside of a gold backed IRA.
Currently, the U.S. Mint is seeing a huge and growing demand for physical gold. When you apply pressure to an already stressed market, you get a combination of results; an increase in prices and an increase in production. With gold, there are only so many gold mines on Earth, and the fact of the matter is that worldwide gold production has been declining for several years now, even as technology and efforts associated with mining the yellow metal increase. If 10% of the population of the U.S. Were to open and fund a gold IRA with gold coins, the demand would certainly stress the production side of the equation, and prices would rise significantly. Not only would Americans see gains in their gold IRA, but a gold IRA investment would become much more visible to the younger generation, and the trend would continue!
Simply put, this is a golden opportunity for Americans to put a little known and relatively new investment vehicle, the gold backed IRA, to work for them. The supply and demand side of this equation is relatively fixed, gold cannot be assembled and massed produced in a factory in China like the latest high definition television set. Gold must be earned from the Earth, and the Earth only has so much to give.
If you want to get in on the ground floor of this opportunity, look into opening a gold backed IRA today, ITM Trading will be glad to explain everything to you in a straight forward and easy to understand manner. We can even fill out and submit the paperwork on your behalf! Call us at 1.888.OWN.GOLD today to get started!