Gold push into SMSF
In what represents a new push into the self-managed superannuation funds (SMSF) market, specialist company The GoldCompany has launched a new product it claims is Australia’s only gold and silver savings account.
The product, FirstGold, was devised and first brought to market late last year and is being marketed as “combining the security of hard asset investment with the ease of a traditional online bank account”.
The promoters of the product claim that SMSF owners will be able to put their voluntary contributions toward an “asset that can really ensure a more secure future”.
“Having gold and silver investment as part of a balanced super fund portfolio is widely considered a good hedge against inflation,” the promotional material claims.
The GoldCompany director, Ray Cohen, said the product had been created in response to increasing demands from customers to find a better, smarter way to invest in gold and silver bullion.
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