U.S. corporate bankruptcies reached their highest level since the 2008 financial crisis as Americans tighten their belts. Companies have increasingly struggled with rising debts, driven by high interest rates that have caused borrowing costs to spike.
In 2024, 686 companies filed for bankruptcy, marking an 8 percent increase from 2023 and surpassing the total filings of 2021 and 2022 combined. This figure represents the highest number of filings since 2010, according to data from S&P Global Market Intelligence.
Additionally, last year, more companies attempted to avoid bankruptcy through out-of-court actions, with these efforts outnumbering actual bankruptcies two to one, as reported by Fitch Ratings.
One of the most significant bankruptcies of the year was Party City, which filed for Chapter 11 for the second time in just over a year. The company announced it would close all 700 of its stores, attributing this decision to inflationary pressures and a decrease in consumer spending—trends that are common among other struggling businesses.
Other major names, such as Tupperware, Red Lobster, and Spirit Airlines, also filed for bankruptcy in 2024. Even the popular vodka brand Stoli filed for bankruptcy in November. […]
— Read More: endtimeheadlines.org
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
