This Article is About
401k account
ira account
precious metals
stocks and shares
feasible option
paying attention
401k Gold Investing: Is It For You?
Join 1000's of Authors at StreetArticles Today!

401k Gold Investing: Is It for You?

In recent times, the gold market has seen some of the highest levels of profit. If you have been paying attention to the recession and are looking for ways in which you can take advantage of gold and gold bullion, you may want to consider 401k gold investing. This simply means adding gold (and other precious metals if you choose) to your 401k. The ability to add other precious metals such as platinum and silver is dependent on your fund manager as well as the institution your company utilizes to offer 401k to employees.

Since gold has minor complications, such as in its trading, you will find that not all 401ks will allow gold investing as an option. However in order to solve this problem, simply consult with your Benefits Manager or the relevant authority in charge of your individual 401k at work to find out if 401k gold investing is a feasible option for you.

Be sure to not underestimate this 401k gold investing as simply buying gold coins for your 401k account. It is not that simple. 401k gold investing is much more intricate and requires a lot of thought and attention.

Whilst precious metals involve some risk, as do stocks and shares, they also offer a considerable amount of profit; given that gold is scarce and in demand and as such has the ability to rise at substantial levels.

Many will advise that it is better to have a gold IRA account than a gold 401k account. This is because of the risks associated with both and which would more likely be affected on a large scale in comparison of each other.

Nonetheless, 401k gold investing provides numerous benefits. You can always transfer some of the money in your 401k to gold and watch it grow. The important thing to remember is not to only have gold in your 401k due to the risks that do exist regardless of the profitability of gold.

It is always good to start off small with 401k gold investing. Purchasing gold bullion coins is one such way and you can watch what happens say for the first 6 months before you decide to continue or discontinue. Factors to keep in mind at the beginning, middle and ending of the 6 months:

- How much gold did your initial investment buy?

- How much did you pay for the gold per ounce?

- What is the price of such gold at 30, 60 and 90 days?

These questions will make it that much clearer at the end of the 6 months as to whether or not you should continue, even though you should consider that as gold is volatile, sometimes it may take more than 6 months to decide whether to continue or discontinue. However, it is a general approach to 401k gold investing.

Be smart about the choices you make. There is only so much a Financial Planner or Benefits Manager can tell you about 401k gold investing. Remember that this is your financial freedom and YOU have to be the one to care for your money and its success in gold!

Street Talk

No comments present
You May Also Like
How to Get Started Building A Retirement Plan
The first thing that stops people from actually saving for retirement is that they just don't understand how any of it works. Once you break things down and start researching to make yourself a simple, understandable, doable plan it will make more sense and become more realistic. So, how to…
By: Jennifer4 in  Finance  >  Personal Finance   Jul 07, 2011  
  Likes: 1

Traditional IRA Investment
When you want to talk about retirement don’t forget to talk about the income factor too. Where will the money come from, how will you manage things, will things ever be the same after retirement and so on. There is a solution to this problem, the IRA Investment. No doubt…
By: Christina Xio in  Finance  >  Estate Plan Trusts   Jun 01, 2011  
  Likes: 1

Precious Metals And Mining Mutual Funds Are at the Vanguard Of Retirement Investing
Precious metals have been more than just a commodity or luxury item for thousands of years. Gold and silver have been used successfully as sound units of currency for millenia by various, advanced, ancient civilizations. Unlike land, livestock, salt, cigarettes, or even paper currency, gold has the following beneficial properties…
By: jeroen waning in  Investing  >  Mutual Funds   Dec 29, 2012  
  Likes: 0

Gold And Silver In the Economy
If you did not watch the news you’d still be inundated with news about gold, silver, and precious metals as it relates to the government. I turned blue in the face talking to a group of guys and gals who acted like they knew or cared nothing of it. And…
By: Koko Ishe in  News and Society  >  Pure Opinion   Jun 09, 2011  
  Likes: 0

5 Tips For Storing Gold At Home
No other asset class has performed as well as gold has in this century. As a result, record numbers of people are buying gold and often storing gold at home. Now, for clarification, this article will speak of gold in a sense meaning precious metals. Whether you buy gold, silver,…
By: Roger Bond in  Investing   Jan 11, 2013  
  Likes: 8

Why Should You Invest In Gold IRA
Whenever something is scarce, the demand is usually high. This goes for precious metals and as they become more scarce, their demand has seen significant growth especially in recent times due to the recession and overall harsh economic times of today. If you are looking to invest in something worthwhile…
By:  in  Investing  >  IRA 401k   Dec 01, 2011  
  Likes: 2

Where to Invest In 2011
Are you tired of watching your investment dollars slowly disappear day after day?  Do you feel like you may never be able to retire comfortably?  I don't know about you, but I can't stand the current state of the economy we are in and I want to do something about it. But what…
By: Terri, RDH in  Investing   Sep 26, 2011  
  Likes: 0

Smart Investing Tips to Gain Copious Returns From SIP
If you would consult a financial planner for knowing the best way to invest and earn money, then the definite answer would be to adopt an investment strategy which is regular and long-term. The clients should choose a bouquet of top performing schemes according to their risk profile and have…
By: Dishika Baheti in  Investing  >  Mutual Funds   Jun 07, 2016  
  Likes: 0

Risk Profiling : A Mixture Of Art And Science
Any investing strategy involves a prominent factor which influences the investing decision to a great extent which is the risk factor. The clients have to be extra cautious while spotting the correct avenue for putting their money in order to get maximum profit from it. Each client has different investing…
By: Dishika Baheti in  Investing  >  Mutual Funds   Jun 06, 2016  
  Likes: 0

Elss : Encompassing Investments With Tax Saving
The financial year 2015-16 has ended and with that, the tax paying deadline is also over. It is often observed that the clients pursue the tax saving plans by the end of the year, i.e., in February or March. It may have helped you till now, but it is a…
By: Dishika Baheti in  Investing  >  Day Trading   May 18, 2016  
  Likes: 0

Problems Addressed By An Efficient Portfolio Management System
Portfolio management is an endeavor that requires an understanding of investment mix and policy, asset allocation for individuals and organizations, risk mitigation, and performance optimization. And by investing in cutting-edge portfolio management system, many businesses are able to accomplish these efficiently. Advanced accounting software is already required as one’s practice…
By: Cheryl Muncher in  Investing  >  Mutual Funds   May 17, 2016  
  Likes: 0

Absorbing to See A Bisected Brawl Hemisphere
In adjustment to anatomy an all-embracing and avant-garde address market, Linqing city-limits affairs to body a Address Fair & Exhibition City-limits which will awning a absolute breadth of four hundred thousand aboveboard meters. The absolute investment is about 0.58 billion RMB. This Concrete Wedge Anchors intends to complete this activity…
By: plasticproducts in  Investing   May 09, 2016  
  Likes: 0

Some Extra Fundamentals on Legal Documents - Realizing the Tits And Bits
Any company is incomplete devoid of legal documents. The legal documents hold the authenticity in the company and therefore a little of detail need to not be missed out. Almost everything that matters for the preparation on the legal document of a company must be sincerely followed to mitigate future…
By: daniel huang in  Investing  >  Mutual Funds   May 06, 2016  
  Likes: 0

Free Cisco 648 - 244 Pdf Download (may 2016)
1. Convenient and effective 2. Excellent supplier for busy workers Several. Interactive testing engine 4. Printable Pdf forms A few. Online technical help in case of difficulty Half a dozen. Instant download access after purchase 7. Simulates genuine exam environment 8. Self-paced research course 9. Regularly updated 648-244 answers exam…
By: certone in  Investing  >  Futures and Commodities   May 04, 2016  
  Likes: 0

How to Choose A Broker for Day Trading
Day trading is the practice of holding positions in a financial market for no longer than a single day, and often for much shorter periods of time. Day traders always exit any trade before the end of the trading day (often referred to as the 'regular cash session'), and aim…
By: Alexander Pearson in  Investing  >  Day Trading   Apr 27, 2016  
  Likes: 0

Article Views: 2396    Report this Article