Gold and silver prices continue to set records. In an era marked by skyrocketing national debt, inflation concerns, and fluctuating markets, many Americans are turning their attention toward safeguarding their retirement savings.
One strategy gaining traction, especially with President Donald Trump back in the Oval Office, is the conversion of traditional retirement accounts into a Genesis Gold IRA. Here’s a look at what this entails and why it’s becoming a popular choice for many.
Understanding the Genesis Gold IRA
A Genesis Gold IRA is a specialized type of self-directed IRA that allows investors to hold physical gold, silver, or other precious metals as part of their retirement savings. Unlike conventional IRAs, which are typically invested in stocks, bonds, or mutual funds, a Genesis Gold IRA diversifies your portfolio with tangible assets that have historically retained value over time.
Those who want to roll over or transfer their retirement accounts can often do so tax-free. This is an important consideration that often gets overlooked until it’s too late.
Why Now? The Trump Effect
During President Trump’s first term, there was a notable push towards policies that could potentially impact the value of the dollar and inflation rates. That yielded a 51% increase in gold prices in his first four years.
Experts are predicting that gold and silver will rise even higher in his second term and the results are already manifesting.
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Trade wars will very likely have their desired effects which will push precious metals higher. Then, there’s the challenge with inflation and interest rates.
“We’re in a position where there’s still inflation, and it’s sticky inflation,” Kevin Grady, president of Phoenix Futures and Options, said. “[Trump] has been in for two weeks, and he’s trying to address some of these concerns, but it takes a little time to get them done. But right now, I don’t see them being able to sustain a long-term rate-cut plan. And I see a lot of people looking at that.”
President Trump’s fiscal policies are designed to benefit those protect their wealth with physical precious metals. He proved that in his first term and he’s already showing it in his second term. This, perhaps more than anything else, is why both Wall Street and Main Street are becoming more bullish about the long-term prospects of gold and silver.
Protect Your Retirement Today
Genesis Gold Group is a faith-driven precious metals company that aligns itself with President Trump’s America First fiscal policies. Reach out to request a free, definitive gold guide that lays out the three-step process for protecting your retirement today.
