During uncertain economic times, gold should be part of any well-diversified investment strategy.
PALM BEACH GARDENS, Fla. (PRWEB) August 02, 2021
GSI Exchange, a top-rated coin, bullion, and precious metals dealer recently increased its investment services team by 50% as a result of a surge in client demand for gold-backed IRAs. In addition to experienced investment and retirement professionals, GSI Exchange has added tax attorneys and legal experts to assist clients with tax-advantaged estate and retirement planning and upgraded technology to streamline the client approval and account opening process.
The past two years have seen unprecedented growth in consumer interest in precious metals. In 2020, as the COVID-19 pandemic sparked fear and panic around the globe, Gold reinforced its reputation as a safe haven during uncertain times returning 24.6% — significantly outperforming the S&P 500, emerging markets, treasuries and corporate debt.
Q2 2021 saw some volatility in Gold as the Fed signaled it would soon be ready to raise interest rates and reduce its asset purchases, but many savvy investors are using the pullback to buy at a discount. Long-term investors have seen gold prices steadily rise from $274 an ounce at the beginning of 2001 to about $1,821 on August 1.
As a response to exponential client growth and capital appreciation, GSI Exchange moved its headquarters from California to Palm Beach Gardens, Florida in 2020 to better serve its clients and continue its rapid national expansion.
“During uncertain economic times, gold should be part of any well-diversified investment strategy. With a history of acting as a hedge against inflation and a declining dollar, clients are increasingly seeking exposure to precious metals with many proactively holding these assets in tax-advantaged retirement accounts,” explains Anthony Allen Anderson, Senior Partner at GSI Exchange.
Rising interest rates, rising inflation, runaway spending out of Washington D.C. increasing an already unsustainable budget deficit, an accommodative Fed, and a weakening dollar have provided a resilient level of support for gold and substantial gains for silver over the past year.
Although some investors have turned to cryptocurrency, there is much higher risk and uncertainty. Experts agree that precious metals are a superior hedge against inflation and historically have delivered strong returns in similar economic environments.
Many GSI Exchange clients are establishing a self-directed Individual Retirement Account (IRA) held by a trustee or custodian that permits investments in a broader set of assets than is permitted by most IRA custodians. Most IRA custodians are banks and broker-dealers that limit the holdings in IRA accounts to firm-approved stocks, bonds, mutual funds and CDs.
Custodians and trustees for self-directed IRAs, however, may allow investors to invest retirement funds in other types of assets such as gold, silver and platinum. GSI Exchange has a dedicated Relationship Manager at one of the premier Gold IRA custodians in the United States.
For investors seeking greater control over their assets, an IRA LLC can purchase and take physical possession of IRA approved gold or silver. In addition, clients can elect to securely store their physical assets at a photo-verified, fully-insured IDS vault.
Whether as part of a diversified investment portfolio, or as part of a Gold IRA, a Silver IRA or a combined Gold & Silver IRA account, GSI Exchange’s industry-leading Lowest Price Guarantee for direct sales of Gold and Silver coins has contributed to its recent success and encouraged the company to invest in its most precious commodity… it’s employees.
“We are very excited about expanding the depth of talent on our team and solidifying our industry-leading reputation for outstanding customer service and support,” says Anderson.
About GSI Exchange
Founded by industry veterans, GSI Exchange is a leading national coin and precious metals company specializing in wholesale precious metals trading as well as direct sales to the general public. The GSI Exchange investment management team has over 75 years of combined market experience and relationships with most of the biggest suppliers around the world.
With experience successfully placing more than $1 billion in commodities and precious metals transactions around the world, GSI Exchange offers clientele a full range of customized precious metals portfolios and physical precious metals Individual Retirement Accounts (IRAs).
GSI Exchange has an almost unlimited inventory of the highest-quality silver, gold, palladium, and platinum coins at the most competitive prices.
For more information, visit https://gsiexchange.com/ or call 1.800.474.9159.
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