With even the official jobs numbers failing to meet estimates and expectations, the government Reserve headed by Jerome Powell has promised to benevolently lower rates of interest to guarantee the economy which runs largely on debt and borrowed money, can continue unabated.
Before anyone thinks this is some form of reprieve through the Gold IRA, people should check out the fact 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 think that most of the world central banks coming together at the same time and lower rates of interest is not really a sign of positive things in the future, but the official end of the road for stock markets artificially propped up and inflated by easy money, money printing, and market interventions.
Will be the USA the New Japan?
Japan’s experiments with low interest rates has succeeded in delivering GDP growth at about – 1% annually considering that the early 90’s. Indeed, the constant lowering of interest rates since the early 60’s ultimately failed when Japan disappointed the world which had previously expected it to be the prime contender using the USA.
Because of so many of current modern countries having rates of interest already underneath the official rate of global inflation already, it’s becoming readily apparent that this is only one more stall tactic until the entire global economic and monetary system resets.
Keeping this under consideration, savers, retirees, 401k and IRA holders will all wish to position themselves accordingly as the times are still “good”, because one there’s blood in the water, the sharks will swarm and many accounts won’t survive the feeding frenzy.
This is why you prepare today for which is sure to come. There has never been a world reserve currency which has lasted forever, and with the amount of real economic indicators showing a tough economy- record levels of personal, corporate, and government debt; low trading volume, low money velocity from the real economy, absence of auto purchases, record car 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 out of under the financial system.
Maybe not today. Maybe not tomorrow. However you can’t print money forever while layoffs are increasing exponentially, Best Gold IRA within 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 not surprising then that the price of gold has broken from its recent lows to make surges during all of this financial manipulation and tom-foolery, as well as the sky’s the limit for individuals willing to get precious metals for their 401ks or IRAs.