As someone who is saving for retirement and enjoys investing, there is a chance you have your eggs in many baskets. One of those baskets may be real estate. Real estate has always long been hailed as one of the best things you could ever do with your money. However, there are a lot of things happening in the real estate market right now, and its consequences can be tied to another one of your investments: Gold. Keep reading to learn more about the housing market, how it is tied to gold, and how to invest in gold now if you haven’t already.
What is Going on With the Housing Market?
According to Forbes, surging mortgage rates have put some much-needed pressure on the hot housing market in recent months after home prices hit record highs across the nation. But as mortgage rates have begun to decline in recent weeks, many economists are mixed about whether home prices will continue their slow decline through 2023–or crash.
The article continues that the nation’s overall housing supply remains limited, as those who purchased homes in recent years at extremely low mortgage rates are staying put. This tight inventory has kept prices from seeing deeper declines, making homes still unaffordable for many, especially first-time homebuyers. Even though home prices remain high year-over-year, they’re not as eye-popping as they were earlier this year. How far home prices dip in 2023 will likely depend on where mortgage rates go.
“Deciding to buy now or wait is going to depend on the individual buyer’s motivation and situation. Waiting may not be a viable option,” says Krista Forsberg, a real estate agent at Keller Williams Realty in Edina, Minnesota. “Even if a buyer can push pause on buying to later in the year or 2023, there isn’t likely to be significant improvement in prices or interest rates.”
As we approach the end of 2022, housing experts maintain a watchful eye on the economy, which is still being pulled in all directions by stubbornly high inflation, steep interest rates, ongoing geopolitical uncertainties and the midterm election results, to name a few.
Gold’s Relationship with Real Estate
According to Seeking Alpha, Gold and Real Estate have historically been the two ways to store real value as they are as real assets as you get. So what happens when the value of one real asset is artificially manipulated? We all know by now what caused the bubble in real estate, but, at the height of the bubble, it was unknown to the market that it was a bubble on the verge of bursting. At that time, the real value of a house was perceived to be its nominal value. If a house is the core asset of your average family and a reflection of their wealth, does it not make sense that the asset that tracks real values (gold) would rise as well?
What You Can Do
If you haven’t already started investing in gold, now is the time. One of the best ways you can learn how to invest in gold is by starting with a precious metals IRA. By rolling over your IRA, 401(k), 403, TSP, or 457 Plan into our Precious Metal IRA Account, you can achieve the same profits that you would gain by purchasing gold or silver directly while also enjoying the benefits that your retirement account provides. We have a proven four-step process that makes it easy to open a precious metals IRA, and we guarantee you the highest caliber customer service. Our IRA specialists will answer all of your questions, work with your current custodians to ensure a seamless transition, provide you a free metal evaluation, and continually help you to review your portfolio.
There are other ways you can invest in gold, such as collecting gold coins, purchasing gold bars, purchasing gold bullion, investing in gold stocks, and much more. Whichever one you feel is the best for you will put you on the right path toward protecting your retirement and your future.
How to Invest in Gold with Priority Gold
If you are ready to invest in gold to protect your savings and secure your future, we can help. Priority Gold is one of the most trusted precious metals dealers in the United States with BBB A+ Rating, AAA Rating with Business Consumer Alliance, and 5 Stars Rating with TrustLink.
We specialize in providing precious metals investment services with Security, Liability, and Great Convenience for customers. Our team is committed to helping to streamline their precious metals purchases at a fair price, selecting the right precious metals portfolios, and meeting their important financial objectives.
We offer Free Storage for qualifying Gold & Silver IRA accounts, a fast & easy gold buying process, and smooth IRA Transfer. And gold shows up on schedule. Priority Gold guarantees the highest standards of customer service, which comes with honesty, professional conduct, and Ethical Code of Business.
For more information, visit us at prioritygold.com