Today’s news on gold is influenced strongly by Janet Yellen’s continued con-artistry, and the resulting US dollar just hitting fresh 13-month lows.
The writing, it would appear, is on the wall.
Underlined. In bold print. Italicized, even.
The Federal Reserve echoed once again how it plans to maintain interest rates artificially low as the summer cookout of the books continues full stride into the latter half of 2017.
The stock market and housing markets don’t seem to mind. Central bankers afraid to burst our bubble?
You decide.
US Dollar Drops on Federal Reserve Remarks
With stock markets hitting record highs while P/E (price to earnings) ratios follow suit, many technical indicators are already showing some type of market correction in the near future. Other countries like Russia and China are buying up more gold and dumping US treasuries.
The recent drop in value of the dollar by about 8% could be one of the final canaries in the coal mine. This is why it would be wise to put a portion of your investment/retirement portfolio into a Gold IRA. It’s physical gold/silver that you can hold while receiving the same tax benefits of a traditional IRA or 401K.
Gold Increases Value on Poor Jobs Report
China and Russia buy up more gold, hide the official quantities reported
Just remember that as China builds infrastructure and drops investment dollars into foreign economies, the US threatens to drop bombs in order to influence the world. With a $20 Trillion dollar debt and no possible way out of the current 0% interest rates, empires tend to want to go to war.
Good luck everyone and please plan accordingly.
-Patrick
Return to the Best Gold IRA Rollover Guide
