Saturday, February 27, 2010

Gold can be a welcome addition to retirement portfolios

Dealer gold is much more than a potentially lucrative investment in the short term. It can also help provide stability to one's retirement portfolio, especially in light of the instability that has plagued the stock market in the past couple of years.

In fact, a recent survey from AXA Equitable Life Insurance finds that 24 percent of consumers expect the economy to remain unstable with little, if any improvement in the near future. In contrast, the same survey found that only 12 percent of economists believe this is the case.

The survey also found that only 19 percent are confident in their ability to invest in equities, even though many of them believe that such investments are important for their overall retirement planning.

At the height of the recession, many retirement portfolios were decimated by as much as 40 percent, creating long-lasting economic pain for those who were on the verge of entering their retirement years.

To avoid similar problems, those who are starting to lay out their long-term financial goals may want to talk to a silver and gold dealer about the stability and profits that adding precious metals to their portfolios can bring.