How My College Professors Lost their Retirements in 2008
First and foremost, they were all-in the stock market via their 401(k)s and IRAs. They had bought into the fallacy that the stock market was teflon invincible, because no doubt that’s what the mainstream news had told them over and over again.
But it just goes to show you that if “the smartest” people i.e. University professors are capable of losing their life-long retirements thus having to work an additional 10 years just to have enough to finally leave the workforce, then it can happen to anyone who does not prepare accordingly.
This is why a Gold or Precious Metals IRA is such a great tax-free way of holding your retirement or a portion of it safely out of the unpredictability of the stock market. Will a Gold IRA make you rich? Who knows, but consider the fact that gold prices historically have only risen, while stocks have risen- and fallen- often without a hint of warning, leaving millions of people reliant upon a measly social security check when they should be enjoying a relaxing well-deserved retirement.
The day of reckoning could be closer than people expect, according to Peter Schiff. Donald Trump offered may pain-free solutions to the US economy when on the campaign trail, but the recent US budget is showing that big government spending has not been reined in like many conservatives had hoped. Schiff says the bond market and the dollar could be facing new lows with rising interest rates and unsustainable debt levels.
The consequences of what the Federal Reserve did from 2009 onward was predicted to cause a dollar crisis according to Schiff. All the quantitative easing and zero % interest rates have finally gotten to the end of the road. The stock market, dollar, and bond market (and housing market) are all in a bubble, Peter Schiff pointed out at a recent economic conference in Vancouver.
US Treasuries have recently been downgraded by China because of the fact that they are de facto junk bonds. The US government is not going to be able to tax the average citizen to pay off the federal debt, which is per capita around $62,000. With the dollar losing power and steam, the costs of living are also set to rise which means rises in price for the average consumer.
Federal Reserve will bring more QE when faced with a looming recession
“You can’t create an entire economy based on cheap money” says Peter Schiff. When the Federal Reserve tries more stimulus in the face of potential economic uncertainty, with the dollar tanking and interest rates rising, it could be the straw that breaks the camel’s back because the inability to repay holders of US Treasuries becomes the focal point of the US government.
This type of scenario is likely to happen swiftly and lead to chaos in the markets and the economy. Schiff encourages people to get out of US stocks, bonds, and the Dollar and escape the inflation and devaluation of currency and financial instruments and into things like gold and silver. This is why a gold IRA or 401k rollover is going to be a real retirement-saver for Americans who are smart enough to see which way the wind is blowing before the hurricane comes ashore.
US Economy is a Giant Ponzi Scheme
When interest rates rise, Americans will no longer be able to spend on a debt and credit-based system. Schiff says 70% of the economy is based on Americans spending money that they don’t have. This is why it’s so important for investors and Americans to position themselves to be able to ride this coming transfer of wealth properly without losing everything.
Critical Reason Why the EU Could COLLAPSE at Any Moment!
The truth is, the European Union Central Bank has one policy: destroy the currency of every nation-state’s currency. Get them dependent on the Euro, and bring them into financial slavery and dependency. The ECB currently holds 36% of the Euro Zone’s GDP. Central banks around the world are all taking over the assets, calling them “toxic”, but in reality, they’re controlling real assets as they print more fiat currency, while holding the people hostage.
It is a type of invisible communism according to the Money GPS. The ECB is purchasing private-sector assets and controlling them, which under any other name would be communism. The big banks are seen running the governments of the US like Goldman Sachs. When is the last time the US government had a Treasury Secretary that didn’t work for Goldman Sachs?
What if one country in the European Union failed?
In the centralized control system, one country failing dramatically affects other countries in the EU. Productive countries like Germany will be expected to shoulder the load if/when a country like Italy fails. This is why many countries tend to buy up the failed and toxic assets of the countries that are in dire financial straits.
The bottom line is this: money from the private individual (and property and opportunity) is flowing from the individual to the corporate masters of the central planned economy via bailouts, bail-ins, zero % interest rates, and stock share buyback programs. The government using taxpayer dollars to funnel to corporations props up the economy, but the average person rarely sees a benefit and often gets a detrimental effect within a few years. High stock prices don’t guarantee new jobs, products, or services, and this is where the average joe gets left out in the cold.
With so much manipulation, there’s never been a better time to put a portion of your wealth into a precious metals IRA to protect your life savings and life’s work. Because at the end of the day, the government will not be there to bail you out.
Gold, Bitcoin, and oil have been up while the rest of the market was waiting for the Consumer Price Index reports to come out. But the stock market rose 200 points on the day after losing 300 points, likely on the expectation of central bank intervention and the Federal Reserve. The overall forecast on the economy has been rosy, but the retail numbers are telling a different story.
US retail sales unexpectedly dropped when they were predicted originally to rise in January of 2018. The retail sales in holiday spending of December 2017 were flat when compared to the previous year. Gold prices were up 2% because of the inflation that is set to pour in when interest rates go up. US household debt has risen to all-time highs at the same time.
Volatility in the emerging markets due to weak currencies and high debt
The recent massive drop in stocks could be the end to the Trump rally which lasted for an entire year in 2017. Cryptocurrency has picked up recently adding back $100 billion USD to its overall market capitalization in what appears to be a recovery for cryptos at large.
The US government budget proposal shows a real lack of fiscal conservatism while at the same time Trump is applauding a $.25/gallon raise in gas taxes. This is going to be a real burden on the average American consumer, the same consumer that is not benefiting from all-time stock market highs and the 95 million Americans not participating in the labor market, but still not officially counted as unemployed, according to Gerald Celente.
With the outrageous distortions in the economy, don’t count on mainstream media or the US government to protect your retirement account. Only the banks will be bailed out, you won’t. For this reason it’s a great idea to use this 2nd chance of a stock market stabilization after its 3,000 point drop to look into a IRA gold rollover.
Russia still being blamed for America’s election results
Even without proof, the insane political atmosphere in the US is relying on claims that Russia somehow tampered with the US Presidential election without any real proof. It’s a sad day when they think that a few posts on social media by Russians could somehow sway the average American of sound mind to vote any one way.
At the same time US airstrikes in Syria is being reported to have killed up to 100 Russian soldiers, who were legally invited in by the Syrian President. American forces are still illegally occupying Syrian ground with a troop presence of 2000 soldiers.
Gold and Silver Could See Unprecedented Price Rises in the next 5 years
Silver is set to rise in the next 5 years dramatically due to supply and demand factors, which sees a strong industrial need for mankind to innovate towards a more green economy. While gold and silver seem to be stuck in a trading range, copper and other metals have gone up significantly lately, but lack of manipulation in the more industrial metals could account for this, according to KitCo.
Silver supply has faced multiple deficits in recent years, thus making it a bit strange that the price has not already risen, but readers of our blog already know the recent for this. As for gold, according to Jim Rickards, the amount of toxic debt laden paper currency floating around the globe demonstrates in theory that gold price is severely undervalued and could be the great equalizer in resetting the global monetary system.
Gold Mining Production Tough Times Could Be Over
A lack of demand in gold mining and silver mining was experienced in recent times but now mining stocks are picking up again, which reflects the possibility of what Ron Paul said when he stated a gold bull market is just around the corner.
Additionally, huge consumers of silver like Samsung, Toyota, and other technology giants are going to need more silver in the coming years. All the good news for gold and silver means owning the best gold IRA is advantageous indeed for the average retail investor.
Cyclical commodities like silver and gold are seeing price surges with recent Federal Reserve comments about raising interest rates due to an “overheating economy”. A dollar bear market along with equity volatility are seen as the catalysts for silver being on pace to have a record year with gold following close behind. The fundamentals are strong and Gold ETFs are seeing a lot of incoming investments.
While gold ETFs are the preferred choices of holding gold for the Western world, physical gold demand remains high in Asia and other parts of the world. This is why holding a Gold IRA is so important as you can get the benefits of holding gold and the inherent tax benefits along with having a custodian store the gold for you until you’d like to take delivery.
Bitcoin is also seeing a recent uptick from its most recent lows where it touched off of the $6,000 price point, and now sits about $10,000 per BTC. Cryptocurrency and physical precious metals remain the last few vestiges of monetary freedom away from the fiat currency system.
With the recent vertical spike in Bitcoin and gold hovering around the same point it has for several years, it’s looking like gold and silver are due to catch a rocket in 2018. With the dollar bear market and closer examination of the market and price action fundamentals for gold, the monthly charts for the Dow Jones and its exponential, parabolic growth in the last few months are spelling potential doom for stock market and equity prices.
Stock market correction could hit $18,000 for DJI
Experts are predicting the market’s top heavy status to see a near term reversal in the coming year. A rollover of stock prices is expected as the stock market has made unparalleled record highs in 2017, while the US dollar has lost about 12% of its buying power.
What does this all mean for Gold and Silver?
Short term gold and silver may appear somewhat weak at first glance, but looking past the superficial veil of the metals market demonstrates that according to technical analysis, we’re seeing a price for silver coiling up and being primed for a massive breakout to the upside. As is usually the case, gold and silver prices follow each other and with a “stable” US dollar i.e. weak dollar and over priced stock market, with bond yields going flat, gold and silver could see some significant buying activity and price upticks in the medium to long term future.
2018 is shaping up for gold pretty well, so this is good news for people who are considering investing in a Gold IRA rollover.
Charless Nenner suggests stock market crash is on the horizon
Charless Nenner is calling the stock market as a top right now and is correlating the 4.1% official unemployment rate to a potential upcoming market crash. When looking at the facts, Nenner is deciding that the bull market end is closer than the pundits and “experts” on TV will expect.
While the market may not see the bottom fall out of it immediately, the recent weeks in the stock market have proven that a 1,000 point drop in equities and stocks is more than just a theoretical possibility. On the heels of a year of stock market records with a Q1 2018 1st month hyperbolic rise in prices of stocks, Nenner is suggesting that the market may turn sideways but the overall direction of the market should be sideways action with a massive low expected in 2020.
Most people are following the herd when it comes to investing
According to Charles Nenner, he believes that inflation is going to rear its ugly head but we will also see deflation. He expects that the price of oil and natural gas will come down, but that gold and silver will see a major buying opportunity in mid 2018. Most people however are not ready for the stock market to go nowhere for a few years if not much lower, and even see funds pouring back into the bond market.
With a raise in interest rates, Nenner predicts that bonds will be a buying opportunity in 2018. While this move is relatively controversial compared to the average investor, he believes this is sound strategy and planning keeping the concept of market cycles in mind. He does not understand why people would be going long the market at this point.
2018 could be a big year for the gold IRA
If the market goes down and people sell off, gold will be a perfect opportunity for investors looking for something of value to hold and not wanting to be in cash. Home builders are already seeing 25% losses in their stocks indicating the housing market is seeing less demand, which could be the canary in the coal mine tipping off those waiting on the sidelines to get into a Gold Individual Retirement Account.
Nenner thinks that the stock market could go down all the way to $5,000 which would represent a loss of over 75% of the entire value in equities and stocks. Nenner has worked with several investors who have historically been able to pull out of the markets before an ominous crash.
Gold cycle is bottoming in mid 2018
People should realize, according to Nenner, that you buy gold to hold and maintain value, but he also predicts that gold could see a rise of 200% in 2018, especially in the midst of global political instability. He is considering holding gold for a year to a year and a half minimum.
The Truth About The Stock Market Crisis. Prepare Yourself.
The recent drops in the stock market could be a preview of things to come as the US government and Federal Reserve’s Quantitative Easing policies officially end, with the Fed Reserve still tossing banks billions of dollars to remain liquid even as they raise interest rates for the first time in 10 years.
Free Houses for Minorities?
The federal government started buying up mortgage backed securities after a massive round of handing out loans to unqualified home buyers under the Obama era. After the program was seen as a failure, it’s been quietly swept under the rug, while artificially propping up home prices to even higher highs, now making home ownership out of reach for many Americans, according to Stefan Molyneux.
The Federal Reserve has also been notoriously buying up bad investments and its own Treasury notes in an attempt to artificially keep the markets stable after terrible policy decisions made based on political correctness. In essence a massive scheme and a scam, all the bond-buying an securities the government has been purchasing is a de facto stimulus program, or another bank bailout. The government is officially guilty for trying to meet diversity programs and encouraging banks to lend to unqualified buyers, and it has caused a massive housing bubble that is ready to pop.
$85 Billion in buying up debt per month in 2013
The government buy-ups of failed securities and instruments hit a peak in 2013 when the US government started buying up 85 billion every month of them. Imagine the wider effects this artificial picking of winners and losers has had on the average American, with many Americans now having no chances of home ownership. And this shakedown and shake-out of real potential buyers has resulted in the banks and the government owning the private property that Americans should be owning.
Under any other political system this might be called communism. But in America, it’s called stimulus. With all the irresponsible actions of the central bank and the government, there has never been a better time to get an IRA rollover to gold, since the stock markets are largely dependent on the banks and the Federal Reserve, whose actions demonstrate this type of manipulation does not last forever. Consider 2008 if you need more proof of what happens when a few big companies get bailed out for their irresponsibility, and in the process create a nation of renters.
2018: Things To Come for Stocks, Cryptocurrencies, Gold & Silver – Mike Maloney
When trying to look into the future, it’s best to use the lens of history, according to Mike Maloney. Low volatility could be the quiet before the storm as reported by a Yale expert economist. In the last 20 years, the VIX volatility index for stocks has seen record lows in an extremely short period of time, in just the last 2 months.
Many people are speculating that the Federal Reserve and the government are actually shorting the VIX in order to keep the VIX price down. The VIX is a measure of how unstable the markets currently are, and allows traders to invest in another instrument though it can be identified as a warning signal as well.
The VIX tells the tale of how retail investors get slaughtered by the big guys on Wall Street
Because the VIX is showing such a lack of volatility, or at least it was until the end of January when the market dropped 3,000 points, that’s when most investors should be taking action in the opposite direction of the herd, according to Mike Maloney. The current streak of low volatility is a telling indicator that people should prepare for a market correction. Matched with a lack of market pullbacks and the P/E ratio of stocks hitting near all-time highs, the market is looking like less of a safe bet every day.
The fair value of a stock i.e. a reasonable price-to-earnings P/E ratio for a stock is 12 to 15 times revenue for the price of a share of stock.
We have not visited the undervalued area for stocks, not even close, yet.
Mike Maloney predicts that the Federal Reserve’s stimulus and artificial propping up of the stock market with zero % interest rates, the lowest in history, will ultimately become ineffective very soon, and the market will reverse to fair value.
So What is Undervalued? Cryptocurrencies and precious metals
At this time it will be very advantageous for anyone who has decided to get a 401k or gold ira rollover to protect their hard-earned wealth and retirement accounts.