{"id":18599,"date":"2023-09-30T20:40:17","date_gmt":"2023-09-30T20:40:17","guid":{"rendered":"https:\/\/sasquatchnewsonline.com\/?p=18599"},"modified":"2023-09-30T20:40:17","modified_gmt":"2023-09-30T20:40:17","slug":"even-costco-is-now-selling-gold-bars-but-how-do-you-buy-gold-if-your-money-is-wrapped-up-in-a-retirement-account","status":"publish","type":"post","link":"https:\/\/sasquatchnewsonline.com\/?p=18599","title":{"rendered":"Even Costco Is Now Selling Gold Bars \u2013 But How Do You Buy Gold if Your Money Is Wrapped up in a Retirement Account?"},"content":{"rendered":"

Note: The information provided by Gateway Pundit or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice. Gateway Pundit benefits from purchases made through our sponsors.<\/em><\/p>\n\n

The demand for physical precious metals has been rising since before the pandemic. Gold has appreciated from approximately $1,250 an ounce in mid-2019 to around $1,900 today. Central banks have been buying up as much as they can for two years. Nations and even some U.S. states are filling their coffers with physical precious metals.<\/p>\n

Now, Costco has started offering gold bars to their members \u2014 and they\u2019re selling out as quickly as they can get a hold of them. According to a recent article on CNBC, the bars often disappear within hours of inventory getting stocked.<\/p>\n

\u201cCostco is well-known as a place to get bargain prices on any variety of items, from food to luggage to appliances to gold bars,\u201d the article states. \u201cWait, gold bars? Yes, the retail warehousing giant is your one-stop shop for 1 ounce gold PAMP Suisse Lady Fortuna Veriscan bars, handsomely detailed and ready for purchase.\u201d<\/p>\n

Jonathan Rose, co-founder of Genesis Gold Group<\/a><\/strong>, talked to CNBC about what Costco\u2019s move means. He said:<\/p>\n

\u201cThey\u2019ve done their market research. I think it\u2019s a very clever way to get their name in the news and have some great publicity. There is definitely a crossover of people living off the land, being self-sufficient, believing in your own currency. That\u2019s the appeal to gold as a safe haven as people lose faith in the U.S. dollar.\u201d<\/p>\n

That\u2019s great for those who have extra cash available, but what about those who have their wealth tied up in retirement accounts?<\/p>\n

Can they rollover or transfer their accounts into physical precious metals and keep it tax-deferred?<\/p>\n

Genesis Gold Group says \u201cYes!\u201d<\/p>\n

Genesis Gold Group<\/a><\/strong> specializes in self-directed IRAs backed by gold and silver. As a Christian company, they believe this is an appropriate form of financial stewardship that puts Americans\u2019 money on the fiscal high ground.<\/p>\n

As the CNBC article noted:<\/p>\n

Precious metals have been on a run over the past several years. Gold has risen more than 15% over the past year and more than 55% over the past five years. With inflation still elevated, banks under the gun from a regulatory standpoint and looming issues in the commercial real estate market, the safe-haven aspect of gold and silver should be strong, Rose said.<\/em><\/p>\n

\u201cWe know what the road map looks like: Bank failures, commercial loans defaulting at an alarming rate \u2026 they don\u2019t seem to have a handle on inflation, and that\u2019s why they keep raising interest rates,\u201d he said. \u201cThe outlook for stability in the market isn\u2019t good and people want a [tangible] asset that\u2019s going to be a safe haven. That\u2019s what gold and silver provide.\u201d<\/em><\/p>\n

To work with Genesis Gold Group to own precious metals via your retirement accounts, click here and reach out today.<\/a><\/strong><\/p>\n

The post Even Costco Is Now Selling Gold Bars \u2013 But How Do You Buy Gold if Your Money Is Wrapped up in a Retirement Account?<\/a> appeared first on The Gateway Pundit<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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