Casper, WY, United States, 5th Nov 2022 – The U.S. Labor Department recently reported that the nation’s Consumer Price Index (CPI) rose 8.2% within 12 months. Month-over-month, CPI rose 0.4% in September 2022. This is far higher than experts had predicted and America’s highest inflation rate in a long time. Many investors are considering physical gold as an alternative investment that could help hedge against the increases.
The inflation report came after the Federal Reserve raised interest rates to a range of 3.0%-3.25%, a dramatic increase in a short period. As a result, food prices, housing, and medical care saw larger price increases.
Americans had already been forced to halt retirement plan investments due to the greatest inflation in decades to cope with rising costs at gas stations, grocery stores, and pretty much everywhere anything is sold.
The persistently high inflation and swiftly rising interest rates that caused the increased economic volatility reduced the value of America’s retirement savings by trillions of dollars in a few short years. According to Alicia Munnell of Boston College’s Center for Retirement Research, in the first half of this year, about $3.4 trillion in value disappeared from IRAs and 401(k)s.
According to Angie Chen, a research economist at the Center for Retirement Research, “Almost half of Americans are at risk of not being able to maintain their pre-retirement level of living when they quit working.”
A variety of experts in the financial sector have said they believe the issue could get significantly worse in the coming years in the absence of effective solutions. Americans aged 65 and above made up around 17% of the population two years ago. That proportion is anticipated to be around 21% by the year 2030.
So, how do American retirement savers solve this retirement crisis?
Gold and silver IRAs have increasingly been spotlighted as alternative investments often seen as a safe haven. Gold and silver have been kind to humans throughout the history of America and the entire world. They are often considered the most reliable product to hedge against inflation and financial crises.
According to Nuriani, CEO of Augusta Precious Metals, “American retirees frequently are unaware of the extent to which the value of their retirement savings is diminished by the Federal Reserve’s monetary policies, the digitization of money in banks, market fluctuations, and numerous other economic menaces.”
Nuriani said adding a self-directed IRA to retirement portfolios has helped many Americans gain peace of mind in regard to their retirement years. He said these precious metals not only tend to remain relatively stable during inflation but they often increase in worth, even during difficult economic periods, which makes them appealing to retirement investors who want to protect their savings.
As a result, some investors are opting to add self-directed IRAs to their portfolios. They often seek assistance from gold IRA companies like Augusta Precious Metals, which is ranked #1 on many consumer watchdog websites for their quality, specialized gold and silver IRA services and transparency.
Nuriani said gold and silver IRAs have the dual benefit of potentially increasing returns and decreasing risks through effective diversification in both good and bad economic times.
About Augusta Precious Metals
Augusta Precious Metals has been in business since 2012. Money magazine selected it as number one and Investopedia singled out Augusta for transparency in their lists of Best Gold IRA Companies of 2022. It was named “Most Trusted in the US” by IRA Gold Advisor. The company is a member of the American Numismatic Association and has earned top scores with trusted consumer watchdog agencies, including a AAA from the Better Business Bureau, A+ from Business Consumer Alliance, and a highest rating of 5/5 at TrustLink, a website responsible for rating businesses for transparency and customer service.
Investors interested in hedging against economic turmoil by diversifying their retirement portfolio with precious metals should contact Augusta Precious Metal at 844-917-2904 or visit their official website for more information.
Media Contact
Organization: Augusta Precious Metals
Contact Person: Isaac Nuriani
Email: [email protected]
Phone: +1-844-917-2904
Website: https://www.augustapreciousmetals.com/?apmtrkr_cid=1696&aff_id=474&apmtrkr_cph=844-917-2904
Address 1: 5830 East 2nd Street
City: Casper
State: WY
Country: United States
The post Gold And Silver IRA Investments Are Up 1600 Precent As Americans Hedge Against Inflation appeared first on King Newswire.
Information contained on this page is provided by an independent third-party content provider. King Newswire and this Site make no warranties or representations in connection therewith.
Information contained on this page is provided by an independent third-party content provider. Binary News Network and this site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]
