Goldco is excited to announce that former Congressman and Presidential candidate, Ron Paul is going to be our new chief ambassador. Together we will work to continue educating investors on the importance of protecting their hard earned IRA and 401(k) accounts with physical assets like gold and silver.
We strongly believe Dr. Paul is the perfect fit for our company because his views strongly align with our mission here at Goldco; that is to protect hardworking Americans from devastating financial losses caused by inevitable economic downfalls. Often times we see those who work hard and save consistently their whole lives have their investments destroyed by unforeseen economic turmoil,” says Trevor Gerszt, CEO of Goldco.
Who Is Ron Paul?
Ron Paul is America’s top voice for liberty, prosperity and peace. As a former member of the U.S. House of Representatives, Ron Paul is a longtime proponent of the gold standard, constitutional government, low taxes, free markets and a return to sound monetary policies. He ran for President of the United States three times: as the Libertarian Party nominee in 1988 and as a candidate in the Republican primaries of 2008 and 2012.
Dr. Paul has spoken of the dangers behind the dollar’s rise, as it reached its highest levels in nearly 12 years. He further noted that a market bubble is likely to burst as a result of increases in the federal interest rate. Since then, there have been two different rate hikes, with three more predicted for the coming year, one of which is expected to occur in the near future. These increases could cause a huge collapse to the value of the dollar as well as causing the stock market to plummet.
Importance of Diversifying with Physical Assets
In 2008, when the stock market crashed, investors and retirees helplessly watched as their investment and retirement portfolios came crashing down along with it. Here are two examples:
Say, before the crash you had $300,000 of paper assets in your portfolio. After the 2008 crash, you would have experienced a 40% loss of value leaving you with only $180,000 of your hard earned money.
Now, let’s take a look at what would have happened if you had a portfolio of both paper assets and precious metals. Before the crash, consider that you had $300,000 of assets equating to $210,000 in paper money and $90,000 in gold. After the crash, gold would have doubled in value to $180,000 while your paper assets would have decreased to $126,000. This would have left you with a total of $306,000- $6,000 more than you had before the crash.
Why Invest in a Gold IRA?
Investing in a Gold IRA has become more prevalent among Americans, especially as inflation and uncertainty of our markets continue rising. Historically, gold and silver have survived recessions, depressions, housing bubbles, market crashes and international financial crises.
Gold and silver have proven to be true safe haven assets that have offered intrinsic value to investors throughout the years. Tangible assets such as these provide a hedge against inflation and often times increase in value when all other paper assets are failing.
As you are planning for retirement, it is crucial to keep in mind how you can maximize your portfolio returns for the future. When the collapse happens, it is going to happen quickly and unexpectedly. There is no better day than today to start protecting your future and providing yourself with the peace of mind that you deserve.
Ron Paul and Goldco
With their exclusive partnership, Ron Paul and the dedicated team at Goldco look forward to safeguarding your retirement accounts against market volatility and other inevitable economic disasters.