With even the official jobs numbers failing to meet estimates and expectations, the Federal Reserve headed by Jerome Powell has promised to benevolently lower rates of interest to be sure the economy which runs largely on debt and borrowed money, can continue unabated.
Before anyone thinks this can be some form of reprieve through the Best Gold IRA, people should check out the reality that the price of gold has risen approximately the same % because the Dow Jones since the Fed Reserve made its dovish statements.
In reality, there’s many reasons to consider that lots of the world central banks coming together concurrently and minimize interest rates will not be a sign of good 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.
Is the USA the New Japan?
Japan’s experiments with low rates of interest has succeeded in delivering GDP growth at about – 1% each year considering that the early 90’s. Indeed, the ceaseless lowering of 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 so many of current modern countries having interest levels already below the official rate of global inflation already, it’s becoming readily apparent that this is simply 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 wish to position themselves accordingly while the times are still “good”, because one there’s blood in water, the sharks will swarm and several accounts won’t survive the feeding frenzy.
For this reason you prepare today for the purpose is guaranteed to come. There has never been a world reserve currency which has lasted forever, and with so many real economic indicators showing a downturn in the economy- record amounts of personal, corporate, and government debt; low trading volume, low money velocity through the real economy, absence of auto purchases, record auto loan defaults, lower manufacturing orders, lower job creation numbers, reduced savings for your middle-class- it’s only a matter of time ahead of the bottom falls from beneath the financial system.
Perhaps not today. Perhaps not tomorrow. However, you can’t print money forever while layoffs are increasing exponentially, Recession in the real economy is decreasing, now even President Trump is asking wphxrd more QE (quantitative easing), as he once known as the stock markets fake throughout his candidacy for office.
And it’s no wonder then that the buying price of gold has broken out of its recent lows to create surges during this all financial manipulation and tom-foolery, and also the sky’s the limit for people willing to get precious metals for his or her 401ks or IRAs.