New Leadership Team Takes Reins At Morgan Gold, Irvine-based Business Focused on Gold-Backed IRAs and Sale of Classic U.S. Gold Coinage

IRVINE, Calif., July 15, 2013 /PRNewswire/ -- Louis Palafoutas is now president of Morgan Gold a provider of gold-backed IRA accounts and sales of classic U.S. gold coinage and other precious metal bullion, the company announced today.

Palafoutas had been a vice president at Morgan Gold since its founding 2010 and now has executive authority over all of the company's operations.

Concurrently, Edmund C. Moy, the 38th director of the U.S. Mint and spokesman for Morgan Gold was named its chief strategist, responsible for the company's analysis of the gold market and related activity. Moy will shortly relocate from the Seattle, Washington area to Washington, D.C., to stay in better touch with developments in precious metal bullion production by the U.S. government.

"We are thrilled to have Ed on our team, and we look forward to working with him for many years, as he continues to bring his sound judgment and vast experience to the Morgan Gold team." said Palafoutas. "To have a cabinet-level former government leader endorsing our core product of gold-backed IRAs is important validation for Morgan Gold."

Morgan Gold is experiencing a nearly unprecedented boom in demand as a result of recent volatility in core gold bullion prices, supported by a wave of retiring Baby Boomers looking for investment outlets not tied to the traditional debt and equity markets, Palafoutas noted.

These appointments were announced following the passing of Morgan Gold founder Steve Deeds in May 2013.

"Steve conceived the value of a gold-backed IRA and made that product the central offering of Morgan Gold," Palafoutas observed. "It is a unique offering among precious metal dealers and a critical differentiator for our company and our valued investors. Steve's philosophy that gold holds transcendent value apart from volatile investment cycles and ever-changing economic climates remains the cornerstone of Morgan Gold's business."

Morgan Gold is located at 19900 MacArthur Boulevard, Suite 150 in Irvine, California, 92612 and their website is www.morgangold.com. The firm is an authorized dealer for the Professional Coin Grading Service (PCGS), the Numismatic Guaranty Corporation (NGC) and is a member of the Industry Council for Tangible Assets (ICTA). Morgan Gold can be reached toll free at 800-585-1773.

SOURCE Morgan Gold