Investing in gold

Posted by Janice on July 26, 2009

When I was working for the phone compnay many years ago, I was thrilled when the company started giving the employees benefits such as 401Ks and stock sharing.  In addition to those investments, my hubby set up IRAs for both of us too.  We definitely were concerned about our retirement years!  I’ve been saddened in recent years to discover that the value of both the 401K and the IRAs have decreased significantly due to the fluctuations in the stock market.  I am praying that by the time I need to draw off of them that the stock market will have recovered and the lost money will be found again!

In the meantime, we are thinking about ways to establish a gold IRA or a gold 401k.  I have no clue how to do that!  I don’t know if I have to establish different accounts for both 401k gold and IRA gold or if they can be into one single account.  I guess part of my confusion is about the difference between a 401K and an IRA.  I’m guessing that for now since I don’t work for any company that has 401K plans that what I need to do is find out how to put gold in an IRA because I can still invest in an IRA.

My uncle has sent me the link to a gold investment website goldcoinsgain.com that will help me learn about that.  I just was looking at it and see that there is a LOT of information about gold coins that I should read before making any kind of decisions!  But, it certainly looks promising!  I hope I’m not too old to benefit from it!