Bitcoin IRA – a retirement services firm in Los Angeles that allows people to invest in digital currencies like bitcoin, Ethereum and bitcoin cash – has published a new e-book explaining why it’s important to have gold added to one’s portfolio.
Bitcoin IRA – Gold Is Very Important
Gold is often considered one of the most stellar assets one can own. A precious metal, gold has proven itself resistant to economic turmoil and often remains stable during crises. While stocks and crypto fell terribly during the coronavirus pandemic, gold suffered only marginal losses, falling from about $1,700 an ounce to $1,300. It has since managed to regain much of what was originally lost.
As it stands, fear is circulating about inflation. As the U.S. government continues to dole out federal aid in the forms of loans and stimulus checks, many people are beginning to turn to other assets as a means of hedging their wealth against economic strife. Many are concerned that the U.S. dollar is about to fall hard and are looking to assets like gold and bitcoin to potentially protect themselves against future problems.
The book discusses many things, such as the fact that gold is on the verge of spiking to an eight-year high. In addition, it offers five key reasons as to why and how gold can protect a person’s retirement account. It also says that gold supplies have increased by more than 450 percent in the past 20 years. Lastly, it mentions that gold is widely available today despite global shortages and how now – when the coronavirus pandemic is in full force – may be the best time to stock up on one’s gold ownings.
Last March, the company announced that it was adding physical gold to its list of offerings alongside the many cryptocurrencies it provides to its clients. Customers now have the option of selling their digital coins for gold, or flat-out purchasing it with USD.
Chris Kline – COO and co-founder of Bitcoin IRA – explained in an interview:
There has never been a better time to reconsider physical gold as part of an individual’s diversified retirement portfolio. We are living in unprecedented times and gold’s unique attributes may be able to provide a safe haven for investors looking to reduce or diversify their risk. Our new e-book can help educate self-directed clients during these critical times.
What Can Gold Do for You?
Bitcoin IRA claims to offer cheaper gold than most precious metal firms. In addition, it also says it delivers gold through more secure methods, as its gold stashes are stored with a company called Bit Go Trust – a registered U.S. custodian. The company offers more than $100 million in insurance to cover potential thefts and other losses.
Since first arriving on the scene, Bitcoin IRA has processed more than $400 million in digital transactions.