
Los Angeles, CA (PRWEB) November 9, 2010
In the wake of the ongoing recession, people who are expecting to retire at some point are concerned about their options. Stocks and 401ks have bottomed out – or have they? With that fear in mind, many have begun to examine physical assets like gold coins as part of a diverse retirement portfolio.
These physical assets are usually in the form of precious metals, such as gold, silver, platinum and palladium. The steady increase in the price of these metals over the past few decades has heartened many wary investors.
“The majority of the calls we’ve been getting lately have been from people who want to add physical precious metals to their retirement accounts,” said Daniel Derhy, general partner of Precious Metals Financial. “The volatility of traditional assets is scaring people away from those types of savings.”
Precious metals are available as either bullion (bars) or antique coins. Bullion prices are set by organizations like the London Gold Council. The value of gold coins and other numismatic antiques can fluctuate, but generally remains at or above the purchase price. At the very least, they retain their value through bullion weight.
Gold is considered one of the oldest forms of currency. The price has continued to rise throughout history despite economic and political conditions. Financial advisors in the media have started suggesting to listeners that they at least look into physical assets as a way of diversifying and “recession-proofing” their portfolios.
Precious Metals Financial is dedicated to helping people determine whether physicals assets are the right choice for their retirement goals. “We want to help people protect what they’ve worked for, and precious metals are a great way to do that,” Derhy said.
Contact Information
Name: Daniel Derhy
Company: Precious Metals Financial
Goldcoinsavings.com
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