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Thomas Beggs Shares Insights on Gold IRAs & How Precious Metals Can Bolster Your Retirement Fund

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·2 min read
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Most people invest their retirement funds in various IRAs throughout working life to make their money grow without being subjected to taxes. Financial services companies like Fidelity and Charles Schwab extend various Individual Retirement Accounts (IRAs) to invest in. The way we decided to counter the economic effects of the COVID-19 pandemic has once again revived the value of precious metals in investment portfolios. SPDR Gold Shares (GLD) is the 73rd most popular stock among hedge funds.

In a recent conversation, Thomas Anthony George Beggs, President and CEO of Worldwide Precious Metals recommended that people must add precious metals like gold and silver to their investment portfolio. Beggs, who is at the helm of a firm of physical bullion dealers who have more than 60 years of combined experience, is a thought leader in the precious metals industry. Insider Monkey interviewed him recently.

Thomas Beggs

Here are some excerpts of the interview:

Q: Thomas, why do you encourage people to invest in gold IRAs?

A: Precious metals like gold create hard asset insurance, regardless of the size or value. Since each person’s needs are different, the investment should be tailored and personalized to their needs and goals. Investors can invest in not only physical gold, which the most well-known metal, but also silver, palladium, platinum, and diamonds.

Q: How do precious metals perform against inflation?

A: Precious metals are an excellent portfolio diversifier and are the best hedge against inflation. Since they are hard assets, they hold real intrinsic value and are known to provide financial security, especially during volatile economic times, and good returns afterward.

Q: What are the other benefits of a gold IRA?

A: As the only true international currency, precious metals are accepted worldwide and can be used anywhere in the world. Moreover, since it is risky to store metals at home, gold IRAs provide secure and insured storage for the clients.

Q: What are the things one must consider before investing in a gold IRA?

A: Clients must make informed decisions on what precious metals to invest in. It is also important to choose a trusted dealer. Always check for a BBB profile, look at the complaints and ratings. Besides, always see the tenure a company has while handling gold IRAs.

Q: What is that one quality every IRA provider must have?

A: Your IRA provider must be a firm believer in principles such as integrity and trust. We deal with delivering large volumes of expensive products to clients. Therefore, it’s crucial to maintain a balanced work environment where clients experience a knowledgeable and motivated approach to managing their assets. As we look for fairness, enthusiasm, and integrity when we choose service providers, we expect that our clients are seeking the same, especially when it comes to their wealth.

Disclosure: None.