GSI Exchange , a top-rated coin, bullion and precious metals trader recently increased its investment services team by 50% as a result of increased customer demand for gold-backed IRAs. In addition to experienced investment and retirement professionals, GSI Exchange has added tax attorneys and legal experts to help clients with tax-advantaged retirement and estate planning and updated technology to streamline the account opening and client approval process.
The last two years have seen unprecedented growth in consumer interest in precious metals. In 2020, when the COVID-19 pandemic sparked fear and panic around the world, gold reinforced its reputation as a safe haven during uncertain times with a return of 24.6%, significantly outperforming the S&P 500, emerging markets, treasuries and corporate debt.
The second quarter of 2021 saw some volatility in gold as the Fed signaled that it would soon be ready to raise interest rates and cut its asset purchases, but many savvy investors are using the pullback to buy at a discount. Long-term investors have seen gold prices rise steadily from $274 an ounce in early 2001 to around $1,821 on August 1.
In 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 falling dollar, clients are increasingly seeking exposure to precious metals and many are proactively holding these assets in tax-advantaged retirement accounts,” he explains. Anthony Allen Anderson , Senior Partner at GSI Exchange.
Rising interest rates, rising inflation, runaway spending from Washington DC adding to an already unsustainable budget deficit, an accommodative Fed and a weakening dollar have all provided a resilient level of support for gold and substantial gains for the silver in the past year.
Although some investors have turned to cryptocurrencies, there is much greater risk and uncertainty. Experts agree that precious metals are a superior hedge against inflation and have historically generated strong returns in similar economic environments.
Many GSI Exchange clients are establishing a self-directed Individual Retirement Account (IRA) maintained by a trustee or custodian that allows investments in a broader pool of assets than most IRA custodians allow. Most IRA custodians are banks and broker-dealers that limit IRA holdings to firm-approved stocks, bonds, mutual funds, and certificates of deposit.
However, the custodians and trustees of self-directed IRAs 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 leading IRA Gold custodians in the United States.
For investors seeking greater control over their assets, an LLC IRA can purchase and take physical possession of IRA-approved gold or silver. Additionally, customers can choose to securely store their physical assets in a photo-verified, fully insured IDS vault.
Whether as part of a diversified investment portfolio or as part of a gold ira companies, Silver IRA or Combined Gold and Silver IRA, 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 valued product… its employees.
“We are very excited about expanding the talent on our team and building on our industry-leading reputation for excellent customer service and support,” says Anderson.
About GSI Exchange
Founded by industry veterans, GSI Exchange is a leading national precious metals and coin company specializing in wholesale precious metals trading and direct sales to the general public. GSI Exchange's investment management team has over 75 years of combined market experience and relationships with most of the world's largest providers.
With experience successfully placing more than $1 billion in precious metals and commodity transactions worldwide, GSI Exchange offers clients a full range of personalized precious metals portfolios and Individual Retirement Accounts (IRAs) from physical precious metals.
GSI Exchange has a nearly unlimited inventory of the highest quality silver, gold, palladium and platinum coins at the most competitive prices.
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