Learn how to take the money you’ve saved for retirement and invest it wisely.
The ultimate goal of starting a Thrift Savings Plan (TSP) is to have money to live off of during your Golden Years. It’s a security blanket of sorts, providing with your basic needs and money to pursue your interests and further your investment options. Before you sink your hard-earned into the stock market, cryptocurrency, real estate or fine jewelry, think about the potentiality of precious metals.
Gold, silver, platinum, and palladium have their benefits! In fact, we’ll spell them out to you below so you can make an informed investment decision. The more options you’re presented with concerning your TSP, the easier it becomes to decide how to make your savings grow exponentially so you can live comfortably as a retiree.
What Makes Precious Metals a Great Investment Option?
There are many compelling reasons for investing in precious metals, particularly gold and silver. We’ve made the case for them below so you can understand why they’re a great investment option.
Precious metal prices have continuously risen in recent years
Recently, the Federal Reserve was forced to devalue the dollar in an attempt to remain competitive with other countries’ currencies. What that meant for gold was that suddenly it became even more valuable than it was before. Attempting to buy it with dollars that are worth less than they were before is increasingly more difficult.
The good news for past investors is that the money they used to purchase gold prior to the Fed’s move has guaranteed them a sizeable jump in profit. The current asking price for the precious metal is higher, meaning that if you were to sell the gold you have now, you’d make extra money off it given that you bought the coins or bars outright with post-tax dollars.
Gold is a worldwide currency and investment option
Go anywhere in the world and you’ll learn quickly how valuable gold is. Highly respected as both a currency and investment option, few people will turn down the precious metal. Other types of investments such as digital currencies and real estate are subject to demand and not always seen as profitable by other investors.
Having too much of one thing available can drive down its price. Houses are a good example of this. Buyers have a large amount to choose from whereas with gold, there is a limited supply and it can’t be replenished the way that building new homes can. It’s scarce which helps it maintain value in the market better than any other form of currency there is.
We’ve Got Your Back Better Than Anyone Else
Red Rock Secured has your back. We want you to feel confident in your decision to invest in a Gold or Precious Metals IRA. We provide you with detailed information about how to make the transfer from a Thrift Savings Plan without penalty or fee. We also have free downloadable PDF guides for you to read at your convenience that provide you with detailed information about TSPs and how to invest the money they contain so that it best benefits your retirement.