BURBANK, Calif., Jan. 18, 2022 /PRNewswire-PRWeb/ -- Leading gold IRA company Birch Gold Group has closed out the year of 2021 and it was one for the record books. According to Phillip Patrick, precious metals specialist and spokesman for Birch Gold, "We've been educating Americans on diversifying their retirement savings with physical precious metals since 2003. In 2021 alone, we helped as many people as we did the first 14 years combined."
That's absolutely unprecedented! What's going on?
First, the Covid pandemic and associated panic that took hold in the first quarter of 2020 sent both gold and silver surging. Gold hit its all-time high of $2,058 and silver reclaimed a nine-year peak over $30.
"In times of economic uncertainty, investors flee risky assets and look for a safe haven investment," said Patrick. "Historically speaking, tangible assets like physical gold and silver do very well."
That is, if they're even available. Patrick indicated the U.S. Mint's record sales of gold and silver coins that led to per-household rationing and some very upset Americans. "Fortunately, our established connections with a diverse network of suppliers held up quite well."
Since the initial wave of pandemic panic, the government's $6 trillion in debt-financed stimulus spending has created a precarious economic situation. The combination of free money and free stock-trading apps sparked a frenzy of speculation that drove stock market valuations to near-historic highs.
"It's clear to me that Americans are desperate for an investment that has real value. That's not an IOU, not a promise to pay, that doesn't require trust, that's uninflatable and unhackable," Patrick explained. "And that's going to retain its value against inflation."
At the same time, surging inflation (currently at a nearly 40-year high of 7%) has led to a global deterioration of trust in the U.S. dollar as a stable store of value. Real interest rates (reflecting after-inflation gains or losses in purchasing power) are at all-time lows.
"Our education and outreach efforts are paying off. People are starting to understand what inflation really is," Patrick said. "It's not like a fine or a bill, where you pay it and it goes away. Inflation is a permanent loss in your purchasing power, month after month, year after year."
Or, to quote former President Reagan, "Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man."
"Education, knowledge, understanding. We believe when you have those three things, you can make your own decisions with confidence," Patrick said.
Birch Gold has scaled up its education initiatives. Throughout the year, precious metals specialist Phillip Patrick has been featured on a number of media outlets. In addition to his regular appearances on The Ben Shapiro Show, Patrick has been a repeat guest on Bannon's War Room, Graham Allen's Dear America podcast, The John Fredericks Show, Ringside Politics, and more.
"We've been called Ben Shapiro's gold company," Patrick said. "I'd just like to remind you that we're also the gold IRA company of choice for over 13,000 Americans and counting."
To learn more about the benefits of diversification with physical precious metals, visit https://www.birchgold.com or call (800) 355-2116.
About Birch Gold Group
Founded in 2003 and headquartered in Burbank, California, Birch Gold Group is a leading dealer of precious metals serving 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 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.
Media Contact
Birch Gold Group, Birch Gold Group, +1 (800) 355-2116, [email protected]
SOURCE Birch Gold Group
Share this article