Wednesday, May 07, 2008

Planning for retirement

When planning for retirement it makes sense to think about investments that can be used as a part of a retirement plan. A part of my plan for my own retirement is to invest not only in an IRA, but to invest in precious metals such as gold and silver.

At the start of 2000 the price of gold was roughly $300 an ounce, today it is neatly $900 an ounce. While the price of gold had gone up and down, it has steadily gone up more than it has dropped, making gold a good long term investment for those looking to retire.

Silver, too, has seen a steady increase in value over the past ten years, being roughly $4 an ounce in 2002 and rising to about $20 an ounce by the start of 2008.

Investing in precious metals can be risky, since the price can drop the same as it can rise, so it is important to work with hard asset professionals that have experience. The hard asset professionals at the Monex Deposit Company have over 40 years of experience with helping investors looking to buy precious metals.

The Monex Deposit Company has silver in coin or ingot form ready for purchase and can assist in either personal delivery or deposit into an independent bank or depository.

To find out more about the price of silver and other precious metals, and about how Monex can help you with investing in precious metals, visit the Monex website at the link above.

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