The millionaires and the central, big banks understand the significance
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.”
How does it work?
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.