Have you ever wondered what it takes to achieve success in the world of finance and precious metals? Meet Kirill Zagalsky, the man who has done just that. The co-founder and CEO of Advantage Gold, Kirill’s journey into the world of gold investment is as intriguing as it is enlightening.
Early Years and Education
Kirill Zagalsky was born and raised in the bustling city of Los Angeles, California. He attended the prestigious University of Southern California where he pursued a Bachelor of Science in Management Consulting from 2001 to 2004. It was during these formative years that Kirill honed his skills in investments, financial modelling, and asset management.
Source: Zagalsky Twitter Profile
Stepping Into The Financial Industry
After graduation, Kirill Zagalsky stepped into the financial world as a licensed commodities broker, dealing with futures as well as options in the energy and precious metals markets. His hard work and commitment saw him rise through the ranks quickly, becoming the youngest-ever Vice President of his firm at the tender age of 26.
Kirill’s passion for physical precious metals led him to co-found Advantage Gold in 2014. With his leadership, the company has seen tremendous growth, boasting over $1 billion in sales in just eight years.
Advantage Gold: A Reliable Partner in Gold Investment
Advantage Gold is a listed dealer with the United States Mint, the Royal Canadian Mint, and the Perth Mint in Australia. The company specializes in educating investors about physical precious metals and takes pride in its award-winning IRA Department, which assists clients in converting paper retirement assets into physical gold, silver, and also platinum.
Source: Zagalsky’s Interview
Understanding Gold IRA
A Gold IRA is a retirement account that permits the owner to hold physical assets under a tax-deferred individual retirement account. Unlike traditional IRAs that hold paper assets, a Gold IRA holds physical assets like gold and silver. Since the turn of the century, gold has outperformed major stock indices by 300%+, making it a viable investment option for retirement planning.
Why Are Investors Diversifying Their Portfolio?
Experts agree that the financial market is now even more fragile than pre-2008. Will your retirement portfolio weather the imminent financial crisis? Threats are many. Pick your poison..
The financial system would be in great peril if one or more big banks fail.
“When we get to a downturn, banks won’t have the cushion to absorb the losses. Without a cushion, we will have 2008 and 2009 again.”
Student debt, which has been on a steep rise for years, could figure greatly in the next credit downturn.
“There are parallels to 2008: There are massive amounts of unaffordable loans being made to people who can’t pay them”
The US national debt has spiked $1 trillion in less than 6 months!
“If we keep throwing gas on flames with deficit spending, I worry about how severe the next [economic] downturn is going to be–and whether we have enough bullets left [to fight it],”
Total household debt rose to an all-time high of $13.67 trillion at year-end 2019.
“Any type of secured lending backed by an asset that is overvalued should be a concern… that is what happened with housing.”
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Why Consider Gold IRA for Retirement Planning?
Investing in a Gold IRA offers several advantages over traditional retirement plans. Not only does gold enjoy better performance than most traditional paper investments, but it also provides investors with physical ownership of a real asset, as opposed to paper investments reliant on various financial institutions.
Choosing the Right Custodian for Gold IRA
The IRS has stringent guidelines for the quality, purity, and condition of metals permitted inside an IRA. When choosing a custodian for your Gold IRA, consider their safety measures and insurance policies. Facilities owned by Brinks and the Delaware Depository are among the most popular due to their insurance and safety measures.
Rolling Over Funds to a Gold IRA
Rolling over funds from an existing retirement account to a Gold IRA is a tax-free process that Advantage Gold can assist with. The company helps clients set up a Self Directed IRA and transfer funds from their current retirement account into the newly established one. Once the funds are transferred, clients can then acquire physical precious metals for their retirement account.
Protection Against Future Economic Recessions
Owning a Gold IRA can act as a hedge against future economic recessions or market downturns. Historically, gold has been a safe haven asset during times of economic uncertainty and instability, making it a wise investment decision.
Investing with Advantage Gold
Advantage Gold offers a personalized service to each client, ensuring that their precious metals portfolio aligns with their specific situation. The company also provides educational resources and ongoing support to guide investors through the process of choosing a gold IRA investment strategy.
For more information on investing in a Gold IRA with Advantage Gold, visit their official website here.
From a young and energetic commodities broker to the co-founder of a company managing over a billion dollars in sales, Kirill Zagalsky is an exemplar of success in the financial industry. His journey highlights the importance of grit, knowledge, and the willingness to take calculated risks.
As the realm of precious metals continues to evolve, Kirill’s insights and leadership at Advantage Gold promise a bright and prosperous future for those who choose to invest in gold.
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