While most investors are losing sleep at night wondering whether their retirement plans will be derailed, Swiss America clients report their retirement plans are doing very well in 2020.
Those who may have lost their jobs as a result of the global COVID-19 quarantine, or those who have an old retirement plan from a previous employer, have simply and profitably transferred their IRA or 401(k) retirement plans into physical gold. According to CNBC, retirement plan transfers this year have reached the highest level in over a decade.
It’s no secret gold is the best performing asset class of 2020 – before, during and (likely) after this global pandemic has passed. It would not surprise me if gold ended up as the ‘asset of the decade’ (2020-2030) again, just like it was during the last uncertain decade (2000-2010).
No wonder Bank of America Corp. recently raised its 18-month gold-price target to $3,000 an ounce. Major bank and financial analysts worldwide now agree physical gold is both the perfect asset and safest haven for long-term asset protection during uncertain times like these.
Wise investors who took Swiss America’s advice to move a portion of their retirement funds into physical gold during the last crisis (2008-2011), witnessed gold prices more than double - from $775 an ounce to $1,850 an ounce - realizing gains of over 100% in just four years!
Of course all investments have risk, including physical gold. But, considering all of the probable tail risks resulting from the worst economic and market decline since the Great Depression, can you afford NOT to move at least a portion of your retirement saving into physical gold?
Hopefully the reopening of the economy will help us avoid a global depression. But in today’s unprecedented era of economic uncertainty, negative real rates and trillions in central bank money printing, many experts believe we are on the verge of a major bout of inflation. If so, sky will be the limit for gold prices.
Add it all up and I think you will agree now is the time to take action. Learn how easy it is to convert an existing IRA or 401(k) into physical gold by calling a Swiss America representative at 800-289-2646. Discover how to save your retirement plan, while you still can!