The demand for physical precious metals has been rising. Central banks have been buying ton after ton for two years. Even some U.S. states — like Tennessee — are filling their coffers with physical precious metals.
Seeing the demand, Costco is offering gold bars to members — and sold over $100 million worth in their last reported fiscal quarter.
The Epoch Times reported:
Wholesale retailer Costco sold more than $100 million worth of gold in the most recent quarter, with gold bars seeing high demand from customers.
“You’ve probably read about the fact that we’re selling one-ounce gold bars. We sold over $100 million of gold during the quarter [that ended Sept. 30],” Richard Galanti, the chief financial officer of Costco, said during an earnings call on Dec. 14. This was the first quarter of fiscal 2024 at Costco . . . .
. . . Earlier this month, spot gold prices hit an all-time intraday record high of $2,152. Spot gold was trading at roughly $1,200 in 2019. Analysts expect gold prices to remain elevated next year because of geopolitical uncertainty, potential rate cuts by the Federal Reserve, and a weaker U.S. dollar.
Buying gold at Costco is great for those who have extra cash on hand — but what if you have money tied up in retirement accounts?
Is it possible to rollover or transfer retirement accounts into physical precious metals and keep the money tax-deferred?
Genesis Gold Group says, “Yes.”
Genesis Gold Group 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’ money on the fiscal high ground.
This isn’t “paper” or “virtual” gold or silver; Genesis Gold Group customers can physically see their precious metals at their convenience. And when it comes time to take a disbursement, they can convert to cash or have their precious metals shipped directly to their homes.
Genesis Gold Group was given 5 stars by reviewers on the Better Business Bureau website. Here is what some of them say: