WOODLAND HILLS, Calif., Aug. 15, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Continuing its pattern of growth and expansion, Goldco Precious Metals, has merged with its subsidiary, Heritage Gold Group. Goldco CEO, Trevor Gerszt, views this move as a major step towards the consolidation of services between the two firms and the expansion of both their product offerings. Also, Goldco's function as a wholesaler for the U.S. Mint will lend tremendous benefit for Heritage Gold Group clients looking to channel segments of their portfolios into precious metals IRA's and 401K's as well as other investment accounts earmarked for retirement.
Gerszt feels strongly that recent declines in the current equities markets provide a natural invitation for investors to accumulate physical gold and silver in their IRAs. "We've witnessed a substantial increase in gold and silver purchases by our clients. They're motivated by weakness in paper markets, and perturbed by uninspired news from The Federal Reserve. As market analysts begin to predict additional market declines, investors are increasingly returning to gold and silver for a safe haven and a hedge against further market losses," reports Gerszt.
As of the date of this announcement, Wall Street observers continue to talk about a potential correction, and feel unimpressed by second-quarter corporate profit results in 2014. Recently, The Dow lost 139.81 points, or 0.8 percent, to close at 16,429.47. The Standard & Poor's 500 index fell 18.78 points, or 1 percent, to 1,920.21.
Gerszt further emphasizes that "Investors are becoming gradually more and more appreciative of gold's inverse relationship to paper investments."
Goldco investors accustomed to physical ownership of precious metals are now beginning to appreciate the wisdom of channeling funds into precious metals IRAs and 401Ks. As such the merger of Goldco and Heritage Gold Group now provides them with a one-stop shop. They can now take physical delivery of precious metals and open a gold and silver IRA with a single phone call.
Contact:
Kevin Connor, Director of Marketing
kevin.c(at)goldcopreciousmetals(dot)com
6320 Canoga Ave 15th Floor
Woodland Hills, CA 91367
Phone: 818-921-3136
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