Women’s Pension Crisis Highlights Dangers to Savers

The comments above & below is an edited and abridged synopsis of an article by Mark O’Byrne

Over 2.6 million women in the UK have been told they won’t receive their pensions as expected. Those born in the 1950s have had their retirement ages increased from 60 to 65 years of age.

Pensions crises are becoming the norm. As well as the women affected by the UK’s Pensions Act, there are thousands of men and women affected by private pension disasters that amount to over £710 billion in deficits.

This highlights the high exposure pensions have to counterparty risk. Millions of individuals believe they have safely contributed to a retirement pot only for the government to tell them they have to wait even longer for it, or that the company they trusted to support their pension has gone bust.

Dr. Constantin Gurdgiev, formerly an adviser to GoldCore, says the following about the importance of having gold in your pension:

“Gold is a long-term risk management asset, not a speculative one. As such, it should be analyzed and treated predominantly in the context of its role as a part of a properly structured, risk-balanced and diversified portfolio spanning the full life-cycle of the investment and pension horizon for individual investors and those with pensions.”

Gold in an IRA is not held hostage to a change in government policy or a CEOs reckless spending of company finances. It is there to act as a safe haven against such events.

Investors can invest in gold bullion in their pension through self-administered pension funds.

The pension crisis is a multi-trillion dollar/pound crisis. It is not going away. Adding gold to your pension is a key way to protect yourself against the economic inequality facing many future retirees.