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Central banks are maintaining their “historic pace” of gold buying — and their year-to-date demand has reached a “new record.”
“The World Gold Council’s Q3 Gold Demand Trends report reveals that support for the asset continues as central bank buying maintains a historic pace, bringing quarterly gold demand (excluding OTC) to 1,147t, 8% ahead of its five-year average.
According to the World Gold Council’s data series, central banks saw the third strongest quarter of net buying, reaching 337t. Although shy of breaking the Q3 2022 record, year-to-date demand has reached 800t, a new record for our data series. This strong buying streak from central banks is expected to stay on course for the remainder of the year, indicating a robust annual total again in 2023.”
Even U.S. states like Tennessee have made moves to allow their treasury to buy precious metals to back the state’s holdings.
And many Americans with retirement accounts are moving into precious metals, too. So many Americans have done it that some companies have had a hard time keeping up with demand.
Genesis Gold Group a faith-driven precious metals company, has been able to keep up with demand because their executives anticipated the surge and were ready to serve (plus, working with them through this link and the links below benefits Gateway Pundit).
Self-directed IRAs backed by physical precious metals have been the primary focus for Genesis Gold Group from the beginning. They only work with physical gold and silver because it can be stored on the customer’s behalf in a depository.
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.
While other gold and silver companies have struggled to secure metals for their clients in a timely manner, Genesis Gold Group has leveraged their relationships to seamlessly keep the flow of wealth going into their customers’ depositories. By rolling over any of the various types of retirement accounts their customers currently have, Genesis Gold Group has simplified the process of securing the life’s savings of countless Americans.
Genesis Gold Group was given 5 stars by reviewers on the Better Business Bureau website. Here is what some of them say:
“With the downward turn in the market, I have been wanting to transfer my IRA to gold/precious metals. I am so happy that I came across Genesis Gold Group. They made the process seamless . . . They have knowledge, care, and patience with newbies, like me. They kept me informed along the way and reached out several times to see if I had any questions or concerns. I highly recommend them to anyone interested in investing in precious metals.”
“They made it so easy to transfer part of the funds out of my company 401K to set up a precious metals IRA. Everyone I’ve dealt with there is friendly and knowledgeable.”
“The people at Genesis Gold Group have been very helpful to get my 401k from stocks and bonds to silver coins on deposit. They are patient and explained each step and answered my numerous questions along the way.”
Note: The information provided by Gateway Pundit or any related communications is for informational purposes only and should not be considered as financial advice. Gateway Pundit does not provide personalized investment, financial, or legal advice.
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