The stock market, for me, is a concern. I mean, it's going up and up and up, but the nature of that growth is so concerning... P/E ratios are running at 31... Twice in history we've seen that: 2000, before the tech bubble burst, and in 1929, prior to the Great Depression.
BURBANK, Calif. (PRWEB) November 03, 2017
Precious Metals Specialist Phillip Patrick of Birch Gold Group appeared on the Ben Shapiro Show this week as a featured guest to discuss the current state of the market and the benefits of purchasing physical precious metals as a means to hedge against any downturns in the economy. Long touted as a sound investment option by show host Ben Shapiro, Birch Gold came onto the program that is part of The Daily Wire, of which Shapiro is editor-in-chief.
This is not the first time that Birch Gold and Shapiro have worked together, as the program host has been a long supporter of the company and its ability to help Americans move IRA and 401(k) investments into precious metals, while maintaining their account's tax-deferred status. Birch Gold's Mr. Patrick highlighted the benefits of this investment category as well as the ease of which Birch Gold processes the transaction for its customers in a guided approach.
The Shapiro program also looked at the state of the financial market in today's climate and how, in the face of this uneasy market rise, past market history suggests that a crash may be imminent. Mr. Patrick emphasized the importance of owning precious metals, such as gold and silver, during these dubious times for the market, and how Americans can protect their savings with precious metals now and into the future.
"The stock market, for me, is a concern," said Patrick. "I mean, it's going up and up and up, but the nature of that growth is so concerning. For me, one of the key metrics when you're looking for value in a stock is you look at a price to earnings ratio… Historically, out of proportion. P/E ratios are running at 31, so essentially you're buying a stock at 31 times earnings. Twice in history we've seen that: 2000, before the tech bubble burst, and in 1929, prior to the Great Depression."
Mr. Patrick cited the reputation, solid history, and longevity of Birch Gold as reasons to work with the company to purchase gold and silver. He also emphasized that the precious metals dealer takes a rational approach in working with its customers, so as to avoid the fearmongering that many other companies in the category employ. Through Birch Gold, Americans can buy gold and silver through a cash purchase and have the physical metals delivered directly to their home. Rollover IRAs or eligible 401(k)s can also be backed with silver and gold, which Patrick explained is a simple process that Birch Gold handles directly for its customers through a team of dedicated IRA and 401(k) specialists.
Shapiro showed his appreciation for the honesty that Birch Gold displays, as the company ensures that it understands the desires of its customers, which it uses to develop a customized strategy. Birch Gold handles the process for its customers from start to finish and works hard to develop an allocation of precious metals that best fits their needs. It's for these reasons that Ben Shapiro and Birch Gold have maintained a longstanding partnership.
To view the full interview, click here to watch it on YouTube.
ABOUT BIRCH GOLD
Founded in 2003 and headquartered in Burbank, Calif., Birch Gold Group is a leading dealer of precious metals that serves a diverse customer base across the United States. Employing a team of experienced professionals and precious metal experts, the company provides a wide range of precious metals for physical possession and placement within an IRA, including silver, gold, platinum, and palladium.
With a strong commitment to helping its customers discover how investing in precious metals can offer enhanced protection in the face of economic instability, Birch Gold Group is known throughout the industry for its exemplary reputation and track record, consistently maintaining top scores and ratings with the Better Business Bureau, the Business Consumer Alliance and multiple renowned review websites.