best gold ira

If you have checked out the news recently you know how difficult things have gotten for Europe, Cyprus approximately default and collapse unless they get a bailout of $10 billion dollars. Everything is very critic and Cyprus citizens are extremely angry since the government wants to confiscate 10% of the lifetime savings to allow them to pay and get the bailout. This can be a really dangerous precedent, here i am talking the Government may take your hard earned money from the bank and employ it on their welfare to save the nation. Which means that your hard earned money is not safe in the Bank, but storing everything in funds are also a bad option, since with rampant inflation you will always loose purchasing power. The very best alternative is Coins, gold has always been money and a store of value, as long as you have your money in precious metals no one can still your wealth. The cost of gold can go up or down depending on several economic factors and also the timing, however gold will always be worth. If hyperinflation hits tomorrow and you have all your money in cash you'll be in serious problem, your money will be worth nothing in a blink of the eye. However if you've got a great deal of the money in gold, it's not necessary to worry because even when it comes with an hyperinflation or deflation you have secured your wealth in gold, technology-not only to exchange it for other value, to purchase land, buy food or anything. Gold bullion coins are the simplest way to invest in gold because they are easy to carry, they can be exchanged, they are a store of value and they are accepted all over the world. There are various kinds of gold coins, the three most widely used ones are: <a href="http://investingingold.keepsblogging.com/">gold buying guide</a> The American Gold Eagles Canadian Gold Maple Leafs Krugerrand Coins But keep in in your mind that if you will invest in gold you should own the actual gold and store it your self, there isn't any reason for buying a rare metal when the bank could keep it for you personally. Certificates and Paper ETFs aren't safe, you don't know when the bank has the actual gold you're buying and you have no idea if they are likely to give it to you when you request it. The are many more gold certificates than there is gold to support it, them moment that you simply try to get your gold out, the financial institution will explain they don't have it and that they will pay you in cash, which is worth nothing.