American Bullion Received Record Applications for its 2016 Scholarship

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Oct 28, 2016, 09:18 ET

LOS ANGELES, Oct. 28, 2016 /PRNewswire/ -- American Bullion announced that its 2016 Scholarship program designed to increase the awareness of investing in Gold IRAs, has received an overwhelming amount of responses.

The scholarship, which closes on October 31, has received around 1,100 responses so far, an amount that has grown over the past two years since the Scholarship's conception in 2014. The 2014 Scholarship program received around 900 applicants and the 2015 Scholarship program received around 1,000 applicants.

"Thanks to the increased popularity of alternative investments in today's economy," says Nevtan Akcora, Co-Founder and President of American Bullion, "individuals are more open to diversify their investments, using tangible assets such as gold, silver and Gold IRAs, which have been their top choice in recent years."

This growing interest in alternative investments in today's youths have shown in American Bullion's over 1,100 scholarship applicants. Nevtan Akcora predicts this current number will grow to another hundred or so by the 31st.

"So far, we're around 1,100. Should be another hundred or so by the 31st," says Akcora.

The 2016 American Bullion scholarship, which opened January 31, 2016, is currently accepting full-time undergraduate students until the deadline on October 31. American Bullion will award five winners scholarships worth $500. It will also feature the winners and their essays on americanbullion.com and on its social media pages.

To qualify for the award, applicants must be full-time undergraduate students currently enrolled at an accredited college or university. Additionally, they must submit a 500-1,000 word essay answering the question, "What is a Gold IRA?" American Bullion will announce the winners the first week of December.

American Bullion, which encourages students to improve their knowledge of tangible assets, launched its annual scholarship in early 2014 to help students achieve their educational goals.

"We as American Bullion," says Akcora, "want millennials to understand the importance of investing, saving, and planning for the future. Most importantly, we want them to keep their options open to more alternative investments rather that just depending on Wall Street. You can't go wrong with true diversification while investing for the long term."

American Bullion, Inc. specializes in converting existing IRAs or former 401(k)s to a self-directed IRA capable of holding physical gold known as a Gold IRA. Call 1-800-326-9598 or visit www.americanbullion.com for more information.

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SOURCE American Bullion, Inc.