The Fed has dominated headlines for months. Last week, Fed Chairman Jerome Powell indicated that the central bank would likely begin bond tapering before the end of 2021. However, he said interest rate hikes aren’t imminent.
While inflation is around the Fed’s 2% target rate, Powell said they still have “much ground to cover to reach maximum employment,” which is necessary before the hike could occur.
The pandemic has killed more than 4 million people worldwide and sent our economy into chaos.
One way Fed officials have tried to combat that is by economic stimulus or money printing. However, the act of money printing devalues current currencies. And the dollar loses more value every day.
As we said time and time again, precious metals – like gold and silver – are a safer way to help secure your wealth and retirement.
In fact, experts predict that September will be gold’s best month this year. History has shown that time and time again.
Since gold began trading freely in 1973, September has been the best month of the year for the yellow metal.
Billionaire John Paulson believes the stars are once again aligning for gold. He told Kitco News that now is the time to buy, stating that it does “very well in times of inflation.”
A new study by the Insured Retirement Institute found that 51% of the 1,000 people surveyed had less than $50,0000 saved for retirement. However, they also claimed to have high expectations of the amount of money they’ll have to spend.
The study also found that 56% said they don’t believe they’ll be financially prepared to sustain themselves for the rest of their lives after they stop working.
Don’t stress about your golden years! Invest in precious metals to help ensure your retirement is safe and secured.
Still have questions or concerns? Give us a call (855) 905-5317 for your free one-on-one consultation. We’re happy to answer all your questions.