May. 20, 2020, 12:00 AM
CALABASAS, Calif., May 20, 2020 /PRNewswire-PRWeb/ -- GSI Exchange, a Top-Rated Coin, Bullion, and Precious Metals Dealer based in Calabasas, California, and Dallas, Texas, was recently named Precious Metals IRA Provider of the Year by SelfIRA.org. SelfIRA is an independent Alternative Investment IRA Consultancy.
"We are honored to be recognized as Precious Metals IRA Provider of the Year," said Danielle Anderson, "While the current health and economic crisis has been painful for our community, we are encouraged by the tremendous growth of GSI Exchange, and we are seeing robust investor interest in adding Precious Metals, like Gold and Silver, as a diversified retirement strategy."
A Self-Directed Individual Retirement Account (SDIRA) is an IRA held by a Trustee or Custodian that permits investment in a more expansive set of assets than is permitted by most IRA Custodians. The majority of IRA Custodians are banks and broker-dealers that limit the holdings in IRAs to firm-approved stocks, bonds, mutual funds, and annuities. Custodians and Trustees for Self-Directed IRAs; however, allow investors to invest their retirement funds in other types of assets, such as Precious Metals – including Gold, Silver, Platinum, and Palladium.
"For investors seeking greater autonomy and personal control over their assets, an IRA LLC can purchase and take physical possession of the assets in your IRA," explains Jacob Johnson, Chief Financial Officer of SelfIRA, "We are seeing a measurable increase in investor interest in Precious Metals IRAs right now, and can confidently recommend GSI Exchange as an outstanding provider."
During volatile economic times, when central banks are printing money and adding new financial obligations, gold and other precious metals have historically proven to be a very valuable asset to own.
With a demonstrable record of serving investors as a hedge against inflation and a declining dollar, and in response to current political and economic upheaval, gold is currently enjoying a solid start to the year. The Dow Jones Industrial Average reported its worst three-month performance since 1987, ending Q1 down nearly 22%. The S&P 500 saw a loss of 18.7%, its worst quarter since 2008. However, gold ended the first quarter with a gain of 5%, while the average loss for the American retirement account was a loss of -14%.
Silver struggled in the final weeks of the first quarter, but is poised for a breakout. "The outlook for Silver remains positive, with the annual average price projected to rise by 13 percent to a six-year high of US$18.40 in 2020," reports the Silver Institute. "This rally is premised mainly on a positive spill-over from gains in gold, as the yellow metal will continue to benefit from macroeconomic and geopolitical uncertainties across critical economies."
"The recent performance of Gold is sparking a surge of media attention and investor interest in Gold and Silver, as well as precious metals IRAs," says Danielle Anderson, "GSI Exchange has expanded its sales and advisory team to help clients identify the best opportunities in this highly competitive marketplace."
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 80 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 (PMIRAs).
GSI Exchange has an almost unlimited inventory of the highest-quality Silver, Gold, Palladium, and Platinum Coins at the most competitive prices.
SOURCE GSI Exchange
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