If you’re planning to invest in precious metals, you might be wondering about SchiffGold. The company’s founder, Peter Schiff, is an economic forecaster and investment advisor who is best known for correctly predicting the 2008 financial crisis. Schiff began his career in the early 1990s at Shearson Lehman Brothers and later founded Euro Pacific Capital Inc., where he served as CEO and Chief Global Strategist. In 2010, Schiff founded Schiff Gold review.
A Precious Metals Investing Opportunity
As a result of the transaction, the combined company will receive a significant portion of Schiff Gold’s distributable income and gross profit. The combined company’s 2017 financial results showed $2.8 million in gross profit and paid out $0.975 million in cash distributions. In addition to the increased revenue, Goldmoney expects the business combination will drive significant cost savings, which should result in additional operative leverage and improved margins at the Schiff Gold business. The company also generates sales through wire transfer deposits and spends very little on marketing.
Unlike numismatic coins, SchiffGold’s 1-ounce gold bars are more affordable than the same-sized coins and come in sealed cases with certificates of authenticity. Gold bars are a great option for long-term investors because they are widely accepted in global markets. Gold bars produced by the Royal Canadian Mint, the Perth Mint, and Produits Artistiques Metaux Précieux of Switzerland are among the top sellers on the site.