The American company GOLDCO manages to provide many with an actual alternative to the money that is currently sedentary in their retirement or savings accounts. The company makes it possible to purchase gold with a little known secret IRS loophole, thus saving about 20% in taxes and fees of the cost for buyers. All the reasons why this trend of buying gold is gaining momentum.
As the Consumer Price Index jumped to 6.2% in October, the largest jump in nearly 31 years, the rising popularity of the Self-Directed IRA comes as no surprise. If your long-term goal is creating lasting wealth in a safe, convenient, and tax-advantaged way, you might want to seriously consider diversifying your retirement dollars with a Precious Metals IRA.
Whether it's businessmen, real estate entrepreneurs, CEOs or retirees, many in America understand the benefits of holding gold over money just lying around. But while the cost of a kilogram of gold is about 58,014.25 USD, the American company GOLDCO manages to reduce the amount by about 20% with a completely legal and a little known IRS loophole.
GOLDCO is a privately held firm specializing in wealth and asset protection. The company was founded in 2010 by Trevor Gerszt, and has since provided a real solution for Americans who see the value of their cash diminishing and instead seek security and stability that are independent of the capital market or political decisions.
"Gold maintains its purchasing power always, and everywhere in the world," says Trevor, adding that "now that world markets are turbulent and uncertainty is particularly high, there is a strong trend of buying gold for personal economic security.” The high deficits that countries have entered into in the past year will lead to more and more cash being printed and its value is expected to fall, therefore, gold is the ultimate option to maintain personal capital."
As mentioned, while gold can also be purchased from other companies in the USA, GOLDCO guarantees its customers a great added value that saves buyers the cost of taxes - a particularly significant saving of tens of thousands of dollars.
Former U.S. Presidential candidate Ron Paul, who says, “I’ve been a long-time advocate of owning precious metals and I’m happy to work with Goldco in promoting the value of gold and silver to protect Americans’ retirement assets against the Federal Reserve’s continued inflationary monetary policy.”
According to some experts, predictions $1M investment in gold today might be worth $7.8M by 2030. Bank of America Corp. says gold could soar to $3,000/oz. over the next 18 months as individuals look for security in safe-haven assets.
"Today there are about 10 trillion USD lying in current accounts and deposits in banks in the USA. It's a crazy amount that no one can promise to withhold its value over the years. Therefore, anyone who has hundreds of thousands of dollars available should understand the value of owning gold. "All the central, big banks in the world understand this and of course the biggest millionaires - they all own and hold gold in their safes, in large amounts and high value, because it's the only real security they have that can never decrease."
“Another eason why I am a big believer in precious metals – and to hold them for the long run – is because of our $28 trillion debt,” Gerszt says. “This debt is too massive. It’s a hole that is too big to fill. The problem is too big to solve. I personally don’t see a way out of it. It’s a ticking time bomb specially now after Covid and massive inflation we are seeing.”
Once you open a gold IRA account, you have to fund it. There are a few ways to fund your account.
1) Cash contributions – The easiest way to fund a gold IRA is to contribute cash directly to the account. Once you have your money in your IRA, you can use it to purchase gold and other precious metals.
2) IRA Transfer – If you have another IRA, whether it holds gold, cash, or securities, you can fill out the paperwork to transfer the assets to your new gold IRA. Once the assets arrive, you can liquidate them to purchase precious metals, as desired.
3) Rollover – If you have a 401(k) or another retirement plan, you can roll the funds in the account into your gold IRA and use them to purchase precious metals
"The opportunity to buy gold in the USA without tax, thanks to the mechanism we have developed, is only added value for our customers. They buy gold at a cheaper price than the market price in the USA and can store it in secured and insured depository," concludes Trevor.
If you have an IRA, 401(k), 403(b), TSP, savings or similar tax-advantaged retirement account, a Goldco Specialist can help you protect those assets with a Precious Metals IRA at the lowest costs possible, and save up to 20% on fees and taxes.
During the years that GOLDCO has been running its business, many customers have joined who purchased gold worth millions of dollars a year. All customers came to the company through recommendations and have made 2 or 3 transactions since. “Our biggest pride is that we don’t have dissatisfied customers,” Trevor says. "We are a boutique company and we have a personal connection to each customer. Most of them come back to us for more purchases."
Indeed, this is an arena that requires high credibility with the company you work with. Trevor emphasizes that they are obligated to grant each buyer maximum security and privacy and therefore the money transferred is completely safe and protected in all situations. “Backed by a stable and reliable company and everything is regulated by contracts signed by lawyers and of course abiding to the law, so customers have no worries.” He adds that "the gold is registered in the name of the buyer only and therefore the buyer will receive all the gold’s value in full, according to the law."
According to Trevor, "For thousands of years, gold has maintained its global value, especially in times of crisis, and is a viable substitute for all the currencies in the world, the value of which can change and degrade every day. After the economic crisis in 2008 many investors realized that money is not a safe bet for anything. Its value can fall, and a currency that has high worth in one country, can be worth nothing in another country to the extent that there is an economic crisis, coup, or various political developments. "In the US, for example, the currency is losing its value every day due to inflation and so is our savings and retirement accounts - with gold this simply cannot happen."
Therefore, anyone looking for financial freedom regardless of the value of money, which is subject to policy changes and political influences - should turn to buying gold. "This is a commodity that you have in hand with value that never diminishes, does not depend on any bank and is always tradable and in demand."
Whether you want to roll over retirement assets into a Precious Metals IRA, or buy gold and silver directly, GOLDCO has created a completely free investor guide to help you navigate each step of the process and make a better educated decision.
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