With even the official jobs numbers failing to meet estimates and expectations, the Federal Reserve headed by Jerome Powell has promised to benevolently lower interest rates to ensure the economy which runs largely on debt and borrowed money, can continue unabated.
Before anyone thinks this can be some form of reprieve from your Best Gold IRA, people should take a look at the truth that the buying price of gold has risen approximately the same % as the Dow Jones since the Fed Reserve made its dovish statements.
In reality, there’s many reasons to consider that most of the world central banks coming together concurrently and reduce rates of interest will not be an indication of great things in the future, but the official end of the road for financial markets artificially propped up and inflated by easy money, money printing, and market interventions.
Will be the USA the newest Japan?
Japan’s experiments with low interest rates has succeeded in delivering GDP growth at around – 1% each year since the early 90’s. Indeed, the constant lowering of great interest rates considering that the early 60’s ultimately failed when Japan disappointed the entire world which had previously expected it to become the prime contender using the USA.
With the amount of of current modern countries having interest levels already underneath the official rate of global inflation already, it’s becoming readily apparent that this is just an additional stall tactic till the entire global economic and monetary system resets.
Keeping this under consideration, savers, retirees, 401k and IRA holders will all wish to position themselves accordingly whilst the times remain “good”, because one there’s blood in water, the sharks will swarm and many accounts won’t survive the feeding frenzy.
This is the reason you prepare today for which is sure to come. There has never been a world reserve currency which includes lasted forever, and with the amount of real economic indicators showing a downturn in the economy- record amounts of personal, corporate, and government debt; low trading volume, low money velocity from the real economy, lack of auto purchases, record car loan defaults, lower manufacturing orders, lower job creation numbers, reduced savings for the middle class- it’s only a matter of time prior to the bottom falls out from under the financial system.
Perhaps not today. Maybe not tomorrow. However, you can’t print money forever while layoffs are increasing exponentially, 401k Gold within the real economy is decreasing, and now even President Trump is asking wphxrd more QE (quantitative easing), when he once known as the stock markets fake during his candidacy for office.
And it’s no wonder then that the cost of gold has broken from its recent lows to help make surges during all of this financial manipulation and tom-foolery, and the sky’s the limit for people willing to grab precious metals for 401ks or IRAs.