Precious Metals News

How to Spot Counterfeit Gold

If you’re choosing to invest in gold or other precious metals, you’re making a wise investment in your future. The decision to buy gold and silver, or other precious metal investment shows you understand financial markets can vary wildly, and precious metals can be a way to stabilize and protect your portfolio.
 
The problem is, there are some illicit individuals who have made a career out of counterfeiting gold and other precious metals. When you buy gold, whether it’s gold coins, bars or some other form of gold, it’s very important to be careful who you choose to do business with.
 
Back in the prospecting days, when a suspicious man with a hunchback and a long mustache handed you a gold coin, you could bite down on it and know right away if someone was taking you for a sucker. Today’s gold counterfeiters are a little more sophisticated, but there are still ways to spot them and their fraudulent products.
 
You don’t have to be a gold expert to know when someone is trying to scam you. Here are some ways to spot counterfeit gold and some warning signs you might be dealing with a scammer.
 
How to Identify Counterfeit Gold
 
So how do you spot counterfeit gold? Here are some tips:
 
1. Gold Coins
There are numerous ways to determine if a gold coin is a fake. Make sure to look for these telltale signs.
 
• Color: Gold coins have a reddish gold color. If someone presents you with a gleaming yellow gold coin, look out. A pure gold bullion slug may look this way, but gold eagles, the most popular type of gold coin, are an alloy, and the gold contains other metals like copper and silver, giving it a bit of a duller tone. If your gold coin looks too golden, watch out.
 
• Design: Someone counterfeiting a gold eagle coin will have to get the features of the coin just right, including the location of the date and the appearance of the figures. Look up a picture of a gold eagle you know to be genuine and compare the features for location and accuracy.
 
• Texture: A gold eagle coin does not lay perfectly flat. It has a somewhat concave shape, which you can see easily if you look at the way the light reflects off it. If you have a perfectly flat gold eagle coin, there’s a good chance you’re dealing with a fake.
 
gold eagle
 
• Weight: As you would expect, a 1-ounce gold coin should weigh 1 ounce — 1.09 troy ounce, to be exact. If it weighs more or less, you’re dealing with a fake.
 
• Dimensions: A 1-ounce gold coin is 32.70 mm in diameter and 2.87 mm in thickness. If your coin does not meet these specifications, you have a problem.
 
• Edge: Naturally, all gold eagles, like most coins, have a serrated edge. However, the gold eagle has a clean, rounded serrated edge. If the edge of your gold coin looks especially uneven or rough, you may be dealing with a phony.
 
• Sound: When you drop a real gold eagle on a hard surface, it makes a distinctive ping, almost a ringing sound. A counterfeit coin is more likely to produce a duller thud.
 
2. Gold Bars
 
Gold bars are a little different from gold coins. There are some features of gold coins that you would not necessarily expect to see in gold bars, and vice versa. That being said, there are ways to spot fake gold bars as well.
 
• Presentation: You will see many gold bars that come with an assay certificate and markings from the issuing entity, usually a bank. If the packaging, certificate or embossing on the bar looks unprofessional; something is misspelled; the font on the certificate or manner of sealing the packaging is messy; the name on the bar or the assay certificate is not one you recognize; or the serial number is missing from the assay certificate, the bar or both, you may be dealing with a fake.
 
• Weight: As with the gold coin, if you have a 1-ounce gold bar, it should weigh about a troy ounce — 31.1 grams. If it weighs noticeably more or less, you should be suspicious.
 
• Dimensions: A typical 1-troy ounce gold bar will be 15mm in length, 8mm in width and 0.4mm in thickness. If your bar is noticeably longer, shorter, wider, narrower, thinner or thicker, look out.
 
gold bar
 
• Sound: Like gold coins, gold bars have a distinctive pinging sound when dropped. Listen for it. Compare it to a bar you know is real if possible.
 
How to identify a trustworthy company?
 
As a layperson who is not a gold expert, your best bet is to buy your gold from a dealer or through an agent you trust. How can you be sure if the person you are dealing with for your gold is trustworthy? Here are a few signs to look out for when trying to determine if the person you’re dealing with is a gold expert or an expert scammer.
 
1. If the Person is Rushing an Investment Decision
 
There may be a good reason to act fast when it comes to gold investment. If the experts expect prices to rise, you want to get in on the deal before they do. However, urgency should be for your benefit, not the broker’s. If your broker seems overly eager to finish the deal as soon as possible, it may be because he wants to get your money before you realize something is up. With any important investment of your financial resources, you should take your time and be sure you are making the decision that’s right for you. Anyone who puts pressure on you to make a rushed investment decision is probably not someone to be trusted.
 
gold bar
 
2. They Don’t Like Questions
 
A reputable gold agent should be more than happy to answer any questions you may have about the process. Watch out for agents that deflect questions, dismiss your concerns as nothing to worry about, or give convoluted answers that don’t seem to make a lot of sense. Don’t let any gold dealer make you feel like you can’t understand something just because you’re not a professional trader in precious metals. A good agent will be able to answer questions things simply enough that a layperson can understand them.
 
3. The Rep Isn’t Willing to Educate You Through the Process
 
Gold can be a great investment and can be a very profitable alternative to traditional financial products. You want a gold agent who is confident and understands the benefits of gold, but there are highs and lows with every type of investment. If you’re working with someone who tells you nothing can possibly go wrong, they’re not interested in helping you make an informed investment decision, they just want your money. If it sounds too good to be true, it likely is.
 
Fortress Gold Group: A Name You Can Trust in Precious Metal Investment
 
When you buy your gold through Fortress Gold Group, you know you’re buying from a source you can trust. Fortress Gold Group is a Pro-Consumer Advocate, dedicated to educating the gold and silver investor and helping you protect yourself when purchasing these commodities. For even more insider tips and advice for buying gold and silver safely, get our Free Investor Kit.
 
Fortress Gold Group has been reliably offering gold investments to our clients for years. We are the only company that Ed Moy, former director of the United States Mint, trusts with his gold IRA. If you’re concerned about protecting your retirement in a volatile market, a gold-backed IRA or silver-backed IRA could be just right for you. These IRAs work just like regular IRAs, except the investment product supporting the IRA is gold or silver. Since precious metals tend to be more resistant to market forces, and often perform well when other investment products are lagging, you may find you have much more peace of mind with your gold IRA.
 
For more information on how to make a safe, smart gold investment with the experts that Inc. 500 rated the No. 1 Gold Firm in America, contact Fortress Gold Group today. Request more information now or call one of our precious metals specialists at 800-777-6177 for answers to any precious metals investing questions you may have.

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The Slippery Measure of Inflation

Measure of InflationPerhaps the claim is apocryphal, but pollster George Gallup is reported to have claimed he could prove God statistically. If we didn’t know better, we might guess that he began his stellar career at the Bureau of Labor statistics, or maybe even at the Federal Reserve.
 
According to these influential government organizations, we have little to worry about in the way of inflation. In her speech last January at the Stanford Institute for Economic Policy Research, Fed Chair Janet Yellen echoed this sentiment when she talked of 2% inflation as being more of a goal than a current reality, and claimed “I feel the U.S. economy is in a reasonably good position and there is a little bit less to lose sleep about now than there was in 2008, 2009 and 2010….”
 
It would appear, then, the official measure of inflation is like Janet Yellen’s sleep cycle – it depends on what you’re used to. If you buy an item for $1.00, and next year it costs $1.02, then, yes, it’s fair to say the rate of inflation is 2%.
 
The Federal Reserve uses core inflation data – a metric that does not include food and energy. The reasoning here is that these are volatile industries subject to external factors. Fed officials feel that measuring inflation is much more accurate when food and energy don’t cloud their calculation.
 
This official perspective is of little consolation to those of us who shop for food and heat our homes. While our own measuring technique is, of necessity, it’s one we can rely on. Daily Reckoning writer Charles Hugh Smith whimsically refers to our subjective measure of inflation as the “Burrito Index”:
 
“…I can track the real-world inflation of the Burrito Index with great accuracy. The cost of a regular burrito from our local taco truck has gone up from $2.50 in 2001 to $5 in 2010 to $6.50 in 2016.”
 
That’s a $160% increase since 2001; 15 years in which the official inflation rate reports that what $1 bought in 2001 can supposedly be bought with $1.35 today. This enormous loss of purchasing power is not reflected in the official measure of inflation, which claims inflation is subdued (1% or so annually).”
 
So if you’re consoling yourself with the “biased and often-manipulated government reporting” of official statistics, it’s time to retrench and continue on with your personal investment program. The government is not out shopping for your car, paying your food bill, or heating your home.
 
Moreover, if the economy strengthens this year, it’s only natural that you’ll encounter greater inflation. If consumer prices continue to arrive, physical gold remains your best protection, the one hedge against a dollar of declining value and rising inflation.
 
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

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The Threat of War and Gold

Two weeks ago, the United States launched a bombing attack on a Syrian government airbase as retaliation for that country’s use of the nerve gas sarin against its own people. President Trump found Syrian President Bashar al-Assad’s use of sarin especially heinous because of the excruciating physical damage it inflicted on many of Syria’s children.Threat of War and Gold
 
Twenty years ago, the stockpiling and production of sarin was banned by the Chemical Weapons Convention of 1993 and classified as a Schedule 1 substance. Persuaded of sarin’s horrific effects, the UN Special Commission on Iraqis disarmament had destroyed the nerve gas, citing Security Council resolution 687 (1991) regarding the disposal of Iraq’s weapons of mass destruction.
 
In response to Mr. Trump’s military action, North Korea leader Kim Jong-un put forth a bellicose threat to the United States in which he boasted of his country’s long-range-nuclear-missile capability. And Russian Prime Minister Dmitry Medvedev, according to Reuters weighed in with his own aggressive public statement, declaring that the U.S. strikes “were one step away from clashing with Russia’s military.” There you have it – the threat, or, at least, the prospect of war.
 
The United States is certainly no stranger to this kind of brinksmanship. In recent years, Presidents Clinton, George W. Bush, and Barack Obama have all found their administrations embroiled, willy-nilly, in military actions – Clinton in the former Yugoslavia, and GWB and Obama in Iraq and Afghanistan, among others.
 
Granted, the prospect of war can be depressing, especially in a nuclear age. But that doesn’t mean investors should panic at every threat of war each time they read a news account or listen to a news broadcast. Brinksmanship or sheer barking across a border or an ocean is one thing. A true threat – one that could elicit a military response from a threatened nation – is an entirely different proposition.
 
A more sensible response by investors to the possibility of war is to accumulate gold as a safe haven for their retirement accounts. It is no coincidence that the price of gold has been higher during the recent geopolitical events involving Syria, North Korea, Russia, and the United States.
 
A war prompts a nation to spend money to finance that war. When a nation runs out of money to pay for war, it will print money. The printing of money for war, in turn, leads to the debasement of a nation’s currency – much as it did in the post-World War I era when Germany’s economy was sucked into hyperinflation.
 
So rather than panic at the threat of war, use the threat as a signal to accumulate more gold, or to start your gold-purchasing program if you haven’t done so already. It’s one time when bucking a financial trend makes sense, and adds value to your portfolio.
 
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

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Gold Price Climbs Amid Geopolitical Tensions

Imagine traveling across the globe for an important afternoon appointment only to be kept waiting for hours. That’s exactly what happened to Secretary of State Rex W. Tillerson, who headed to Russia Wednesday to meet with Russian President Vladimir V. Putin. Finally, at 6PM, the two sat down – ostensibly to clarify, then improve, some significant differences between their countries.
 
Unfortunately, the pugnacious negotiators couldn’t agree on the facts. A day before Mr. Tillerson arrived in Moscow, the White House accused Syrian President Bashar al-Assad’s government of spraying his own people, including children, with sarin gas from a base where Russian troops operate.
 
Mr. Putin said the entire story was a bald lie. Mr. Tillerson remarked that the Assad family’s rule is coming to an end in Syria and demanded that Russia end its relationship with that country.
Gold
In the meantime, North Korea also accused the United States of unwarranted aggression and threatened reprisal with a nuclear attack.
 
Investors, fearful of exorbitant international risk, turned to gold for a safe haven. As a result, on Tuesday, futures for the yellow metal in after-hours trading reached an intraday high of $1,277.40, highest price since November 10th. Gold broke the 200-day moving average, a frequent trading barometer employed by analysts.
 
A report from the UN’s Conference on Trade and Development documented a 13% decline in “direct investment flows” to an estimated $1.52 trillion. Although U.S. businesses could profit from many of Trump’s proposed economic changes, the uncertainty stimulated by his desired protectionist policy appears to be hampering international trade already.
 
In view of this uncertainty in the international economy, it makes sense for to increase the percentage of physical gold you hold in your portfolio. Why play a guessing game about which paper assets to invest in? Gold is clearly at a low price – $1,276 spot on Wednesday’s close. Some professionals are calling for $1,330 gold, or even $1,500 and higher.
 
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

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Stick with Physical Gold Over Mining Stocks

Gold is sure acting like it’s trying to break out. As of April 13th, 2017, gold was at $1,287 spot price and an trading at high of $1,288 spot. As mentioned in a recent blog, uncertainty in geopolitical affairs is driving investors to flock to the yellow metal for a safe haven.
 
GoldThe more valiant investor may be thinking along these lines: if the physical commodity (gold) is hot, then investing in gold mining stocks may be a better way to get impressive returns on the dollar. If picking the right mining stock, you may be absolutely right. You may just break the bank. You could double or even triple your money if the stock you buy outperforms other stocks, or the gold market itself.
 
For example, some promising drilling results on its Orenada property have caused Alexandria’s stock to appreciate 43% in just the last month alone. It seems the company keeps butting up against high-grade gold every time it drills.
 
Mining stocks are noted for these kinds of spectacular returns when their respective commodities perform well. A problem arises though when gold corrects even just a little. After all, what goes up goes down. A small correction in gold can stimulate a big correction in a gold mining stock.
 
When buying gold coins, you buy a hard asset, which like any hard asset- real estate, for instance – moves up and down in market value. When buying stock in a mining company, you’re betting on management’s ability to deal with its own problems and challenges.
 
As gold goes on its merry way up or down, a mining company can undergo a strike, sudden unanticipated cost increases and gargantuan debt. If gold slips to $1,100, investors who bought gold coins at $1,287 would lose about 14.5% on their money. (Strictly speaking, they wouldn’t lose unless they sell).
 
When gold falls to $1,100, mine owners will have difficulty paying back their debt obligations, have troubles with insolvency and, therefore, survival. But when you hold the physical metal, you hold an investment for all seasons.
 
Are there advantages to investing in gold stocks? Absolutely! You could break the bank – or at least see a substantial return on your investment, providing gold moves quickly. When you invest in physical gold, on the other hand, you may not see the same impressive returns but you’ll always have protection against the paper assets in your retirement funds.
 
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

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Why Brexit Could Propel Gold to New Highs

On March 29, 2017, nine months after a referendum approving by 51.9% the UK’s departure from the European Union (EU), UK Prime Minister Theresa May signed Article 50 of the EU Charter to initiate the action.
Brexit
While professional investors aren’t exactly sure how or even whether the departure, popularly known as Brexit, will affect the stock market, at least one observer, Martin Tillier, feels it will almost certainly cause the price of gold to rise.
 
Tillier argues that although gold technically is a commodity, Brexit will exact a performance from the yellow metal which is more in keeping with that of a currency on the foreign exchange (FX) market. To appreciate that fact, stresses Tillier, one needs to understand the prestigious standing of the British pound alongside the U.S. dollar, the Japanese yen, and the euro – all major world currencies. Much of the reason for the elevated status of the pound can be attributed to the fact that London, even during the Brexit tumult, has remained Europe’s financial center.
 
An excess of $5 trillion in diverse currency turns around daily on the foreign exchange market. This is clearly the largest financial market in the world, much larger than the markets for stocks and bonds. It wouldn’t be surprising at all if some of this cash seeps into the gold market. If just a small amount of it does, claims Tillier, the shiny metal will undoubtedly undergo “a strong bullish run.”
 
Even if the UK works out amicable terms with the EU for its departure, London is now due to lose its preeminent position as Europe’s financial center. Many of the giant banks with London as their center of European operations will move elsewhere. These moves will most certainly put pressure on the British pound.
 
Although the yen has strengthened somewhat recently, Japan’s struggles with negative interest rates and other inflationary challenges will still make it unattractive as a panacea currency for foreign exchange traders, as will the dollar or the euro, because of their recent setbacks.
 
Tillier is wagering that traders will turn to gold for its “role as a traditional store of value and an inflation hedge.” As of this writing, the shiny metal is up $4.00 at a spot price of $1,252 on the COMEX close.
 
Given the strong possibility of a run-up in the price of gold as we get closer to the official date of Brexit, along with the many economic challenges that plague the EU and the United States, you’d be wise to divert some of the profits from your papers asset to physical gold.
 
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

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What If President Trump Takes Over the Fed?

TrumpDuring the ten weeks since he’s moved into the White House, Donald Trump has taken a great deal of unprecedented bold action. Depending on which side of the aisle you favor, you’ll regard his confrontational approach to the presidency as either refreshingly honest or maddening and, perhaps, even risky.
 
He’s withdrawn U.S. membership from the Trans Pacific Partnership. He’s given the go-ahead for building a wall between Mexico and the U.S. to help limit the flow of illegals and drugs into our country. He’s ordered a freeze on federal hiring except for military, public safety and public health jobs.
 
He’s ordered a dismantling of the Affordable Care Act, more popularly known as “Obamacare,” named for his predecessor, the creator of the legislation. Again, in defiance of President Obama, he’s reactivated plans to go ahead with the Keystone Pipeline.
 
And, citing his authority to do so under the U.S. Constitution, the President has issued a ban to travelers from seven countries looking to enter the United States. Nobody can claim that Donald Trump has been a passive or laissez-faire chief executive.
 
He’s given us every reason to believe he’ll continue to take bold steps where he sees fit during his remaining time in office during the next four or eight years.
 
Danny Vinik, editor of The Agenda at Politico, presents a scenario in that web publication of how Trump might make more sweeping changes to the Fed than any president since Ronald Reagan.
 
Almost all presidents have appointed Fed members from the ranks of economists and bankers, but as Vinik points out, Donald Trump routinely surrounds himself with a more unorthodox if not altogether hawkish group of advisors. Many are certainly hawkish in their approach to money and a bevy of them even support a gold standard, a notion not seriously entertained by any president since Herbert Hoover.
 
Among Trump officials and close supporters who advocate a gold standard are Ben Carson, Secretary of Housing and Urban Development (HUD); Judy Shelton, the director of the Sound Money Project at the Atlas Network, who was on the President’s transition team; John Allison, the former CEO of BB&T Corporation, whom Trump interviewed for treasury secretary in November, and many others.
 
In other words, there’s a real possibility that these politicians, if given their way, will help re-attach what President Nixon unattached in 1971 – gold and the U.S. dollar. Gold-standard lovers tend to distrust bankers because, among other reasons, they like to print money.
 
With a gold standard in place, Fed officials will be prevented from printing money, and that last resort of desperate bankers, quantitative easing, will fall by the wayside.
 
It’s hard to say just how aggressive the President will be about the Fed at this point. But one thing seems clear. The gold-standard sentiments of Trump and his supporters certainly make gold a worthwhile wager for anyone looking for an investment that can simultaneously serve as protection and a source of profit.
 
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

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For the first time ever Fortress Gold Group is offering Total Zero. That means $0 storage fees, $0 insurance fees, and $0 custodial fees for 3 years.
 
There’s no better time then now to protect your retirement from a market downturn and your IRA into Gold and Silver. A Gold IRA insures against a falling dollar, protects against uncertain times, and offers huge potential growth.
 
This is a limited-time offer that you should take advantage of by April 18th, 2017 tax deadline. There’s no fees by moving your current IRA or 401k into gold. In 3 easy steps we are able to move you into a Gold IRA, starting with an application, transfer of funds, and allocation of your monies into gold.
 
When considering a Gold IRA, you have options. There are over 400 gold companies in the United States, for this reason it is important to ensure you are choosing a company with the most impeccable record of reputation and compliance, assuring that you have a reliable partner with your new Gold IRA.

 

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4 Reasons Inflation Could Surge Soon

Inflation has always been the economic bugbear of ordinary consumers. They might not give much thought to a spike in bond yields, or an essay by, say, economist and former Treasury Secretary Lawrence Summers about a hike in interest rates. But they’ll certainly be stunned, as I was last week, on a trip to the supermarket if they catch a 30% markup in the price of a loaf of bread glaring at them from the shelves.
 
What’s going on here? Is this an isolated price bump in a consumer staple we’d be best off ignoring, and can feel confident will pull back in the next week or two? Or are we looking at the beginning of an economic trend that should give us concern?
 
We’re not trying to come off bleak. But the conditions suggesting an inflationary trend are smack in front of us. Let’s have a look at four reasons why inflation could surge soon.
 
InflationThe Consumer Price Index – according to the February Consumer Price Index report (CPI), overall inflation jumped at a year-over-year rate of 2.7%. While that might not sound alarming, the rate is the highest it’s been in nearly five years. As recently as almost two years ago, the inflation readings were negative.
 
The bounce back in energy prices from their levels in the previous year certainly had an effect. But, as the Fed looked at it, the core measure of CPI minus food and energy maintained an upward pattern of 2.2%. That metric has posted a 2.0% reading for 16 consecutive months.
 
Commodity Prices – On a collective basis, 45 commodities have shown a higher price – the highest they’ve been since April 2012, as compared to only ten that have been down. According to Reuters, “rising prices of commodities from vanilla to oil are stoking inflation expectations and turning investor attention to profit margins at companies, especially in consumption-related industries.” Some of these companies could easily pass on the rising costs to consumers.
 
According to Trevor Greetham, Royal London Asset Management’s head of the multi-asset division, “The closer you are to the consumer, then you are in a real squeeze situation ….The closer you are to the shovels, the closer you are to the commodity end.” In a similar scenario in 1994, observed Greetham, commodity prices surged, and consumers felt the brunt.
 
Trump Slams the Dollar – Last week, Charles Bobrinskoy, head of investment group at Chicago-based Ariel Investments, told CNBC’s Trading Nation that Donald Trump is the first president ever to try to beat down the value of the dollar. As he views the situation, the United States would be able to restore its competitive edge with a dollar that’s lower against competitive currencies.
 
A debased dollar also means you get less bang for the buck, and that’s precisely what inflation is all about.
 
A Spike in the Price of Gold – If there’s one formula you can frequently rely on, it’s the negative correlation between the U.S. dollar and the price of gold. When the greenback moves up, the price of gold moves down, and vice versa. And with the recent pummeling of the dollar, gold has experienced a sharp spike up. And such a spike is a clear signal that inflation is at hand.
 
While most investors don’t see the global financial system collapsing, many are diverting their investment funds into gold as a hedge against the uncertainty surrounding the current administration.
 
Doesn’t it make sense for you to do the same thing – to balance your portfolio against the fortunes of the dollar and the paper assets derived from it by owning at least some physical gold?
 
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

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Will Trump’s Aggressive Budget Cuts Prove a Gold Steroid?

Trump Budget Cuts Whatever your thoughts about the Commander-in-Chief’s preliminary 2018 budget proposal, you’ve got to allow him this much. He’s held to his draconian campaign promises to eliminate what he’s perceived to be fluff and waste.
 
To finance a surprisingly mild increase in defense spending, initial payment on a border wall, and school voucher programs, he’s proposing to gut the Environmental Protection Agency, the State Department, and the Department of Agriculture.
 
The President is also suggesting, among others, cuts in the Department of Commerce: trimming $250 million from coastal research programs that prepare communities for seas that are rising and more severe storms. He intends to eliminate a $73 million Sea Grant program, as well as the entire Economic Development Administration, which provides grants to struggling communities.
 
Trump is cutting the Education Department by 14%- including grants for teacher training, after school programs, and support for low-income and minority college students. But these cuts will accompany a $1.4 billion investment in charter schools, and private schools.
 
Needless to say, the beat goes on. If Congress approves the President’s budget, the Department of Health and Human Services (HHS) will be forced to endure an 18% cut, and the Department of Housing and Urban Development (HUD) a 13% cut.
 
Certified Investment Adviser and precious metals analyst Arkadiusz Sieroń writes that Trump’s budget could be derailed or delayed because many Republicans will object to some of its key points. He also points out that, because of the budget’s “bumpy road” ahead, gold will find support as a reaction against an uncertain economy.
 
After all, there’s nothing in the President’s budget proposal about the development in infrastructure he promised his voter base. He has postponed publicizing the details of this mammoth initiative until May. In the meantime, according to Sieroń, investors and voters could lose faith in this initiative. If Republicans chip away at the President’s proposed budget, investors could easily become disappointed. Financial disappointment of any sort makes gold a desirable counterbalance for investors looking to protect their portfolio.
 
Meanwhile, for all the President’s campaign promises about getting Mexico to pay for a border wall, his budget proposal reveals that the cost for keeping illegal Mexicans and drugs from crossing the border will cost U.S. taxpayers mightily.
 
Included in Trump’s budget proposal is a $2.6 billion investment on “tactical infrastructure,” and $314 million for the hiring and training of 500 border-patrol agents and 1,000 Immigration and Customs officers in 2018.
 
Trump’s plan also specifies an additional $1.5 billion for detaining and deporting unauthorized immigrants, and $15 million for a national E-verify system designed to reduce unauthorized employment.
 
Yet the President’s budget proposal reveals his staff might have been unaware of or disregarded February’s Homeland Security report indicating an estimated cost $21.6 billion for the wall’s construction and maintenance.
 
In short, President Trump’s radical budget changes prompts the kind of uncertainty that could drive gold to much higher prices in the months to come. You’d be wise to accumulate as much of the yellow metal as possible at its current price.
 
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

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