A. Gary Shilling has a history of calling recessions before they happen. This award-winning economist and financial sector insider has historically pinpointed recessions during times when everyone else was sure the party would go on forever.
The problem is that once again, as usual, the average 401k holder and IRA investor is usually too busy to do anything more than catch a few segments from MSNBC, CNN, or Fox News, which will all usually point to how great the economy is doing, how high the stock market continues to go in the face of negative economic news, and what Donald Trump is up to.
With the recent decision of worldwide central banks to all issue mandates to further lower interest rates lockstep and in tandem, it would appear the central bankers have all agreed that there is no exit from the easy-money policies that inflated the current stock market bubble during one of the weakest economic recoveries in history.
Indeed, all the low volume of the stock market indicates this is all mainly due to the Dow Jones and its cohorts of being the investment of last resort. The Federal Reserve has been buying bonds, keeping yields low, keeping interest rates extremely low, and traditional American savers can either opt to put their money in the bank and lose money against inflation, or speculate on the most overpriced stocks the world has ever known.
No surprise also then, that the price of gold has shot up recently, and is poised to resume another bull run. Don’t miss out on this one, it’s going sky-high.
Save Your IRA or 401k from a Coming Recession with a Gold IRA
A Gold IRA:
*Can protect you from the devaluation of the dollar due to un-payable US national debt
*Helps you make money even as stock markets decline, drop in price, or even crash
*Provides all the same tax benefits of a traditional IRA or 401k
Major Jewelry Stores Closing Down in Large Numbers in the US
Record numbers of Americans have stopped having sex as jewelry stores across the country close their doors. Add this to the fact that more peope in their 20’s still live at home with their parents, and you will see the true state of the economy right in front of your bedroom eyes.
In what should come as unexpected news, more retail outlets that were once dependent upon the now waning American middle class are shutting down as the consumer is simply tapped out. This comes on the heels of the worst retail quarter since “the Great Recession of 2008 – 2009”. But this time, the experts in the mainstream media won’t be able to blame this massive round of closures on a shift of consumer sentiment and habits to online shopping.
After all, how many women do you know would be impressed to learn you bought her engagement ring off Amazon.com?
In addition to this, and also not surprisingly, Americans polled in a recent survey are having less sex in the last 30 years. To me this is just one more indicator of the true state of the economy. Less money, less dates, less home buying by the younger generations, less opportunities, less marriages, less babies, and yes, less sex- all things to expect during a period of bleak economic activity, just as it was in the Great Depression.
Other Economic Factors That Point to an Upcoming Recession
*Unfunded liabilities mean 100+ trillion in national debt
Think the national debt is only $22 Trillion? A deeper look into the balance sheet shows that with unfunded liabilities such as Social Security, Medicare and Medicaid, the average American owes a whopping $700,000 to be able to pay all this off.
Of course, we know this will never happen, and the current financial system marches on, but it won’t last forever, just as no world reserve currency in history has. Eventually, inflation will eat away at the purchasing power and global acceptability of the US dollar, and a reset will occur- hard or soft landing notwithstanding.
*Malls seeing less foot traffic since August of 2018
Foot traffic in malls peaked in August of 2018, and again, this has more to do with people not having disposable income than a shift in online sales. The slowdown is a global one, and we can expect more retail closures as 2019 rounds the halfway mark. So far we’ve had more retail closings in 2019 than the entirety of 2018, so it’s not looking good for those who think we can avoid a recession.
*US auto sales drop in Q1
With the average price of a car increasing $1,000 year-over-year since 2018, less consumers are opting to sign on for a loan to buy a new car. While this price increase represents a 3.1% change, we are told by the Federal Reserve that inflation is only 1.9%. But they wouldn’t lie to us now, would they?
*Trump calls for more quantitative easing and lower interest rates
It seems that even Trump knows the economy has run out of steam. A 2016 candidate once called the stock market a bubble, but President Trump applauded the bubble he inherited once taking office, and now he wants to keep air in the bubble.
*Washington D.C. experiences highest level of gentrification
If you were worried that the size of government was getting smaller, don’t worry, there’s no chance of that and the current gentrification leader in the nation is Washginton D.C. It would appear that $4.7 Trillion dollar annual US budget is not going to waste among government workers, as they move into new neighborhoods and buy up condos in the beltway.
*Gold will do very well in a recession, analysts predict
With all the market manipulation, the one shining star left that is not massively overhyped and overvalued remains precious metals like gold and silver. Sure, they aren’t sexy and they may not make you tons of money during supposed economic good times like we’re having now (yet people aren’t having sex? huh), but gold and silver are in a perfect position to rise during the next economic downturn and as the Fed prints money to infinity.
Don’t miss out on a golden opportunity to load up on precious metals with your portfolio while you still can before their price goes through the roof.
For Serious Investors: a Free Gold IRA Rollover and Investment Kit
Economic Indicators Say the Recession is Already Here
The Dow Jones bled 460 points today as the yield curve inverted for the first time since 2007. With Federal Express reporting missed earnings on what they report as a global economic slowdown and Ali Baba missing expectations along with PayPal for the 1st time in 3 years, it would seem that recession is already here.
Add this to the other telltale indicators that the economy is slowing- retail shutdowns, record corporate stock buybacks within companies to inflate stock share prices, a slowing housing market around the globe, all-time highs in personal, corporate, municipal, national, and world debt– and you’ve got the perfect financial storm on the horizon.
The Federal Reserve Signals They Won’t Be Raising Rates Now or Any Time Soon
When you think of a strong economy, do you think of an economic environment where banks can’t even pay you a rate of interest for holding your money there that keeps up with real inflation? This is common sense to many, but don’t tell that to mainstream media.
The Federal Reserve had said it would continue to raise interest rates to normalize over the coming years, but 2018 showed exactly what happens whenever the government attempts to take the banking and financial sector out of a zero interest rate environment. The market tanks and the Dow Jones drops like it’s having a stroke. This was the case Christmas Eve of 2018, and what led Fed Chairman Powell to 100% about face on any interest rate hikes in the forseeable future.
The Next Recession is Here: Dow Drops 460 Points as Yield Curve Inverts for 1st Time Since 2007
Another horrible down day for the markets with the S&P 500 suffering the most declines just reminds everyone how fragile the stock market is. And now, the yield curve has inverted for the first time since 2007, which means long term treasuries now pay less than near term treasuries.
So why would anyone buy a 10-yr Treasury Bond if a 3-month bond paid you more? Exactly, you wouldn’t. And this is the biggest tried-and-true indicator of them all that a recession is already here, because the last time it happened in 2007, the housing market crashed followed by stocks. The same yield curve inversion happened before the 2000 recession and the 1989 recession as well.
The Great Recession Never Ended
At this point, it doesn’t take a financial genius to see that the consumer is tapped out and unable to spend on credit like they were for the last 10 years of quantitative easing and other neat tricks the Federal Reserve employed in an attempt to drive the economy out of “The Great Recession”. What happened, in reality, is that the Fed inflated the bubble even larger, and instead of bailing out the economy, the government should have allowed natural market and economic forces to take their course.
Instead, we’re all waiting for the next great calamity that, this time, will not be fixed by simply printing more money, but may actually result in a total system change for the world reserve currency and monetary system.
No wonder the insiders, central banks, and countries around the world are buying up and hoarding gold at a record pace.
Watch what they do, not what they say.
Video: The ONLY Reason the Stock Market Went Up for the Past 3 months
How much of your savings/investment accounts should be in Gold?
Lynnette Zang said that roughly 20% is optimal, however believing an economic reset to be in the near future for Americans, she now holds around 70% in gold.
Are you saying that we should pull out all our money from our IRA/401(k) and put it into gold?
A reset is different from a market downturn. However right now the reset is more of an urgent issue for the average saver or investor. She cites the Federal Reserve’s strange behavior lately in the headlines, proving without a doubt that interest rates cannot rise significantly without a massive downturn in the overall economy- possibly even a reset, which she is certain will happen, but she is just not sure when that date will be.
Lynnette Zang also criticizes the way investment accounts are legally structured to ensure that investors don’t pull out their funds and seek non-stock or equity based assets. She urges against holding all your money in the system, because when it resets the only thing protecting your wealth is gold, barring a government physical gold confiscation.
Has China already pegged the Yuan to Gold, and will the Petro-Yuan be Pegged to Gold?
Lynnette does not consider China’s currency to be heavily pegged to gold. People have to remember also that the current level of debt to GDP by China far surpasses many other developed nations at 257% national debt to their current GDP.
Are Gold IRAs better than Gold ETF?
Many Gold IRAs allow you to take delivery of the gold and silver when you choose either by having an official custodian watch it, or you can receive it yourself. Therefore it’s a lot preferable to a Gold ETF. That’s why we recommend Regal Assets for answering all your questions and getting started.
Rare or Unusual Coins
The last gold confiscation that happened in the United States was in 1933. There were some exceptions, i.e. “rare and unusual” coins and physical silver/gold. Therefore you’re probably not going to find a rare or unusual coin easily and you’ll be paying a large portion above spot price. Also, verifying its true designation is going to be difficult and most of the time it’s going to be a crap shoot.
I believe an economic and monetary reset is going to occur according to my gut instinct, but my brain says otherwise
Normalcy bias and people refusing to see the writing on the wall from current events, helped on by a complicit mainstream media which refuses to report on significant economic events worldwide, has insulated the average American to the extent that they are avoiding the cognitive dissonance that comes with a potential massive change in the way of life in America.
For more information, please request a free Gold IRA Rollover Kit, which you can get today by clicking on the free kit below.
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.
When you’ve finalized the decision to get a Gold IRA or 401(k) to Gold Rollover, then it’s time to get down to the nitty gritty of what makes a good gold IRA custodian worth their salt.
4 Questions to Ask Your Potential Gold IRA Company
A few crucial factors will come into play which you’ll need to determine to save yourself time, peace of mind, and money.
1. How much and what kind of fees will you be paying?
*If you have 100% of your current 401(k) or IRA in the stock market or bonds, then you may consider putting 30 – 40% or more into a Gold IRA.
A Gold IRA with low and flat fees, and ideally no account opening fee, is going to maximize your returns. You don’t want to be paying scaled fees that penalize you for investing more into your Gold IRA or losing a sizable chunk up-front either.
Dealing with a Gold IRA specialist instead of your run-of-the-mill already established brick and mortar metals company means you’ll avoid the salesy attempts to up-sell you on rare and exotic (worthless) coins that have high markup, and aren’t necessary for a gold IRA.
Note: A Gold IRA must contain only the legally accepted gold, platinum, and silver that qualifies to be in a Gold IRA according to Federal standards. There are only a select number and type of metals and purity that qualify to be included in a Gold IRA, and your company will know.
2. How long will it take to open or roll over a new gold IRA?
*Some investment companies and gold dealers will take 30 to 90 days to open a Gold IRA for you. The best companies offer account opening times of 15 days or less.
Note: Refuse to work with any gold IRA or metals investment company if they get your info and then fail to follow up with you or won’t walk you through the steps patiently until you feel good about everything.
3. Where is the gold in your gold IRA?
*Where is the actual gold stored? Can you take physical delivery, should you choose? How safe is the storage facility? Is the gold stored separately or all in one giant collective account?
Note: Some companies do not separate physical gold storage, which could lead to a lot of problems- especially if several investors suddenly called in to take physical delivery of their gold. Most reputable gold IRA dealers maintain separated storage at a professional and secure facility, and also allow for physical delivery to their clients.
4. What are other people saying about your gold IRA company?
*Look for companies with substantially more positive reviews than negative ones, check with the BBB and Trustlink as well as other consumer advocate groups to check up on them.
Note: Answer the questions: “Do I enjoy talking to and dealing with people from my Gold IRA company? Inevitably I will need to call them from time to time, so do I like dealing with them on a regular basis?”
I reviewed all the major gold IRA investment companies (listed below),and long story short…
The #1 Rated Gold IRA was Regal Assets.
Meeting all our criteria from above, it:
*has no account opening fee (savings of $700), and all yearly maintenance fees are minimal and flat ($250)
*has an account opening time of 7 days or less
*stores all gold separately at Brink’s secure storage, or delivers straight to your doorstep
*has the highest number of 5-Star reviews by actual consumers when compared to all other Gold IRA companies out there
“After continued disappointment with the stock market I asked my accountant about rolling over my IRA and Annuity into a precious metals IRA he said Regal Assets were the best and he was right! Collin made the entire process super easy and they did exactly as promised. Within a few days I owned gold & silver and could not be happier. I will be adding to this account with confidence, I would recommend them to anyone seeking a precious metals IRA.”
“After investigating several Precious Metal IRA companies I decided to do business with Regal Assets. They seemed to simplify and expedite the process without any confusion. After discussing this investment with Collin Plume it was clear that I had made the right decision. He and his team handled the transfer of funds from an existing IRA and purchase of the Precious metals in a matter of a few days. The experience was positive and painless. I highly recommend Regal Assets and Collin Plume to anyone contemplating the peace of mind and safety of a precious metal IRA investment.”
Other gold (and investment) companies we reviewed: