Backing Up Your Retirement Savings...

Saving for retirement is crucial if you want to avoid financial hardships later in life. However, as a serious investor you know you can never fully trust the value and availability of printed currency. You know the value of the dollar can quickly plummet, leaving your portfolio worthless and something on which you cannot rely during your retirement. While you do not necessarily want to dump all of your stocks, bonds, and mutual funds, however, you may want to back them up with another form of more reliable currency. By investing in a precious metals self-directed IRA, you can draw on the value of the gold, silver, and other metals in your portfolio if or when the dollar falls in value in the current stock market. Starting a precious metals self-directed IRA is relatively simple and does not necessarily require the help of a broker. You can typically start one on your own online. The only requirement is the minimum investment amount being paid upfront to the online brokerage house. Because you have no broker guiding your investments, you have the freedom to decide in what metals to invest and when to sell or trade metals in your portfolio. Like currency, precious metals can rise and fall in value. However, they generally hold their value to near or at the exact amount you invested in them when you opened your portfolio. Further, precious metals are generally regarded as a form of global currency that is not dependent on any single market for its value. Even if gold drops in price in the U.S., it may retain much or all of its value in the Asian markets, for example. You generally are not at risk of losing the money you invested. You even could see...