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 guarantee the economy which runs largely on debt and borrowed money, can continue unabated.
Before anyone thinks this really is some form of reprieve from your Best Gold IRA, people should check out the fact that the buying price of gold has risen approximately the same % because the Dow Jones because the Fed Reserve made its dovish statements.
In reality, there’s a lot of reasons to think that many of the world central banks coming together at the same time and minimize interest rates is not really a sign of good things ahead, however the official end in 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 levels has succeeded in delivering GDP growth at around – 1% annually since the early 90’s. Indeed, the continual lowering of interest rates because the early 60’s ultimately failed when Japan disappointed the planet that have previously expected it to become the prime contender using the USA.
With the amount of of current modern countries having interest levels already below the official rate of global inflation already, it’s becoming readily apparent that this is just an additional stall tactic up until the entire global economic and monetary system resets.
Keeping this in your mind, savers, retirees, 401k and IRA holders will all want to position themselves accordingly whilst the times remain “good”, because one there’s blood within the water, the sharks will swarm and several accounts won’t survive the feeding frenzy.
For this reason you prepare today for which is certain to come. There has never been a world reserve currency which includes lasted forever, and because of so many real economic indicators showing a tough economy- record amounts of personal, corporate, and government debt; low trading volume, low money velocity through the real economy, insufficient auto purchases, record car loan defaults, lower manufacturing orders, lower job creation numbers, reduced savings for that middle-class- it’s only a point of time before the bottom falls out from beneath the financial system.
Maybe not today. Maybe not tomorrow. However, you can’t print money forever while layoffs are increasing exponentially, 401k Gold inside the real economy is decreasing, and now even President Trump is asking wphxrd more QE (quantitative easing), when he once called the stock markets fake during his candidacy for office.
And it’s no wonder then that the buying price of gold has broken out of its recent lows to help make surges during all this financial manipulation and tom-foolery, as well as the sky’s the limit for individuals willing to grab gold and silver for 401ks or IRAs.