Gold originally was not used for it's monetary value: it was made into jewelry, used to decorate sacred locations and made into shrines and idols ("The Golden Calf"). Gold was excavated in Turkey during 2350 - 2600 B.C. and was valued and owned by the powerful. Prisoners of war were often sent to work in the mines to harvest gold. Today, the monetary value of gold is accepted all over the world and many people have a gold IRA.
It's never too late to open a gold 401K. A gold IRA transfer is very easy to do. Even when the world economy was low in the last several years, gold kept it's value. An ounce of gold has seen a continuous increase in value and is still recognized around the world as a solid monetary commodity.
Traditional investments are starting to recover slowly. IRA gold has helped cushion the downward spiral that was seen and 401k gold helps reduce the volatility of retirement portfolios. Historically, including gold in a portfolio improves the overall performance.
