Capital Gold Group ‘Demand for Gold IRAs Doubled in 2009′
The significant increase resulted from the huge number of investors drawn to the metal after their IRAs were battered by the current economic crisis, reporting losses in value ranging from 30% to 80%. Others seek a hedge against inflation, dollar uncertainty, and stock market volatility.
Capital Gold Group CEO,
“Investors are devastated by what’s happened to the value of their IRAs, and are looking at their options for protecting what is left of their IRA funds. They are turning to the benefits of physical gold assets as a preservation strategy,” said Mr. Rose. “We are getting hundreds of inquiries daily.”
Capital Gold Group’s Financial Advisor Affiliates are helping to raise awareness of Gold IRAs with their clients as well. They report that investors are looking for ways to buy gold, and retirement accounts make it possible to do so with funds they already have and want to preserve.
Interest in IRAs using physical gold began picking up around 2000, as the ratio of the Dow Jones Industrial Average versus gold hit a record. Interest further heightened after the market turmoil caused by the
The combination of gold hitting
All of the precious metals — gold, silver, platinum and palladium — can be purchased for IRAs. However, more than 95% of the interest is in gold.
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SOURCE Capital Gold Group, Inc.