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 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 401k Gold, people should take a look at the truth that the cost of gold has risen approximately the same % because the Dow Jones considering that the Fed Reserve made its dovish statements.
In reality, there’s many reasons to believe that most of the world central banks coming together at the same time and lower interest levels is not really a sign of good things to come, however the official end from 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 rates of interest has succeeded in delivering GDP growth at about – 1% each year because the early 90’s. Indeed, the ceaseless lowering of interest rates because the early 60’s ultimately failed when Japan disappointed the entire world which had previously expected it to be the prime contender using the USA.
Because of so many of current modern countries having interest rates already below the official rate of global inflation already, it’s becoming readily apparent that this is just one more stall tactic 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 as the times remain “good”, because one there’s blood within the water, the sharks will swarm and many accounts won’t survive the feeding frenzy.
This is why you prepare today for which is certain to come. There has never been a world reserve currency which includes lasted forever, and with the amount of real economic indicators showing a tough economy- record amounts of personal, corporate, and government debt; low trading volume, low money velocity from the real economy, lack of auto purchases, record auto loan defaults, lower manufacturing orders, lower job creation numbers, reduced savings for the middle-class- it’s only a matter of time prior to the bottom falls out from beneath the financial system.
Perhaps not today. Perhaps not tomorrow. But you can’t print money forever while layoffs are increasing exponentially, Gold IRA Company in the real economy is decreasing, and today even President Trump is asking wphxrd more QE (quantitative easing), when he once known as the stock markets fake throughout his candidacy for office.
And it’s no surprise then that the price of gold has broken out of its recent lows to help make surges during this all financial manipulation and tom-foolery, as well as the sky’s the limit for people willing to pick up gold and silver for his or her 401ks or IRAs.