The vast majority of people in the gold and precious metals world are honest and ethical. But there are crooks in every conceivable human endeavor. Unfortunately, the precious metals market is mostly unregulated, so it’s a good idea to become familiar with the industry and recognize possible gold IRA scams.
Many people confuse the national debt with the deficit. True, they are important budgetary terms. But they are very different concepts: The term “debt” refers to the company balance sheet, while “deficit” is a cash flow concept.
The United States had a bad debt problem going into 2020 – and it got a lot worse.
As of August 2020, the public debt of the United States amounted to more than $26.72 trillion. More than $3 trillion of that debt was larded on since February, thanks to a rapid economic contraction due to the COVID-19 pandemic and substantial stimulus spending as Congress and the Treasury tried to keep the economy from going into a general meltdown.
When markets are perceived to be uncertain, investors look to lower their portfolio risk levels and migrate towards traditional ‘safe-haven’ assets. They do this by selling stocks, lower-rated bonds and other risky assets and shifting money towards other asset classes that have historically held up during times of recession, uncertainty and crisis.
Founded in 2003, Birch Gold Group is an established provider for both gold IRAs and cash purchases of precious metals for clients across the U.S.
Birch Gold Group (BGG) is one of many gold firms in a crowded space. What’s unique about this company?