Precious Metals News

4 Appalling Mistakes to Avoid When You Invest in Stocks

In a bull market, stocks can seem like a siren song. Admit it – you’re tempted to throw money at the market after Tuesday’s and Wednesday’s market performance, aren’t you?
Especially since the Dow Jones Industrial Average (DJIA) and the S&P 500 took an appreciable breather from a 109-day winning streak, initiated Tuesday by a disappointing downturn in financial and industrial stocks.
In fact, the stock market turned in its worst performance year-to-date these last few days. Wednesday, The Dow Jones industrial Average dropped 238 points, its biggest one-day percentage loss since September 13. The Standard & Poor’s 500 slid 29.35 points.
Need you worry? After all, don’t the gurus preach that a true correction occurs only when the market dips a whopping 20%? That kind of market is nowhere in sight … yet. What currently is pummeling the market is a political issue – the uncertainty associated with the Republicans to muster enough votes for a Healthcare Package to replace Obamacare.
If you’re like many investors, you’re pleased that the market took a very short trip south, but didn’t tank altogether. This particular market setback will give you a chance to pick up some bargains.
Or so you hope.
But while buying on a slight dip honors the conventional wisdom for entering the market at a good price, now is a time for you to be especially careful.
Here are 4 appalling investing mistakes that could decimate your stock portfolio.
Chasing a “hot” stock. Sure, you’d love to pick up shares of the next Apple or Facebook. Wouldn’t all of us? But chasing glamour stocks has never made for a decent investment strategy, observed Yale University finance professor Roger Ibbotson back in 2014. According to Ibbotson, “there’s too much interest in them.”
A study by Ibbotson and Thomas Idzorek, president of Morningstar Investment Management, showed that information with minimal impact on future returns often leads whimsical investors to drive up prices. Unlike Warren Buffett, for instance, who famously chooses stocks for their intrinsic value and holds for the long term, hot-stock investors look for circumstances and numbers that offer dizzying short-term results and lead to investor over-confidence.
When you feel tempted to try for an explosive short-term hit, give some thought to Enron, the company Fortune Magazine named “America’s Most Innovative Company” for six consecutive years, before it was revealed the organization was tacked together on fraudulent schemes.
Or think about Blockbuster CEO John Antioco who myopically declined a partnership offer from Netflix in 2010, and found himself filing for bankruptcy shortly thereafter.
In short, remember that your overreliance on “hot stocks” could eventually wipe out the retirement savings you worked years to accumulate.
Failure to consider a company’s earnings per share (EPS). A company’s earnings per share is simply its net profit allocated to each outstanding share of company stock. It’s an excellent way to track the growth of a company, or to detect one of its weaknesses over several years. It’s a constant you can depend on when you evaluate companies in your portfolio. Turn a blind eye to it at your own risk.
Failure to monitor your portfolio and diversify.Companies change. Economic conditions change. What seemed like an excellent investment one year might not seem so the next year. It’s important for you to stay on top of your investments and to diversify your holdings.
Failure to hedge your stock portfolio with hard assets. Keep in mind that, ultimately, a stock certificate is a piece of paper. A company’s value can alter through a management shuffle, a strike, unforeseen competition, or regulatory changes. It’s important to fortify your portfolio with hard assets.
The best of the hard assets is physical gold. The shiny metal has intrinsic value. It’s negatively correlated to the U.S. Dollar, and therefore, to the stocks you hold in your portfolio. In other words, if the stock market begins to falter, and your stocks begin to slide, if you have physical gold in your portfolio, your chances of balancing any loss in these stocks remain good to excellent.
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

Posted in Economy, Global, Gold, Investor, IRA & 401-K Accounts, Money, Physical Gold, Precious Metals, Precious Metals News, Retirement, Silver, Stocks, US Dollar, World | Comments Off

Fed Hikes Rate, Gold Reacts with $20 Price Surge

In what can only be considered the first quarter’s most uncontroversial and widely expected financial move, Fed Chair Janet Yellen announced a raise in the overnight funds rate this afternoon (March 15) to a target range of 0.75 percent to 1 percent. Minneapolis Fed President Neel Kashkari was the sole “no” vote.
Gold Price Flouts
Virtually boring in its impact, the Fed move has been characterized in a CNBC interview by bond king Bill Gross of Janus Capital Growth as a part of “the old usual” economy rather than “the new normal economy.”
State Street Global Advisors chief investment strategist Michael Arone claimed the market interpreted the Fed decision as a sign of relief. He said it “was bracing for a much more hawkish tone from the Fed.” And now that the market has accommodated this news, the Federal Open Market Committee (FOMC) has efficiently prepped the nation for two more rate hikes by the end of the year.
But clearly the unheralded financial superstar of the Ides of March was gold. On a simple dollar correction, the yellow metal bolted $20.00 on the COMEX for the day’s close at $1,219 per ounce. A weaker dollar always provides a shot of steroids for gold.
In fact, Peter Spina, President of, views the spike in the shiny metal as a defensive accommodation for future inflation, a phenomenon Fed Chair Yellen said the FOMC sees down the road. And if the market senses inflation will move faster than the Fed says it will, Spina predicts gold will climb to the $1,400-1,500 level later this year.
For all the Fed’s manageable predictions, the possibility remains that President Trump’s development plans for the country, with congressional support, could become the nation’s principal economic stimulus, in which case, gold could easily soar beyond $1,500. That kind of government spending will ignite inflation.
Doesn’t it make sense, then, for you to add some physical gold to your portfolio at its current price? It’s the best financial insurance you could possibly buy in the current economy.
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

Posted in Economy, Global, Gold, IRA & 401-K Accounts, Money, Physical Gold, Precious Metals, Precious Metals News, Silver, Stocks, Trump, US Dollar, World | Comments Off

Trump vs. Yellen – Is the U.S. at an Economic Crossroads?

Gold Price FloutsTrump vs. Yellen. Ring a bell? Does it make any sense at all? Is this a private squabble we’re just learning about? Or is it more like the Gun Fight at The OK Corral – out-and-out disagreement about how to manage the economy?
After all, according to most accounts, Fed Chair Janet Yellen is a quiet, modest and affable person. In 2013, just about 4 months before she ascended to the Fed Throne, a profile at portrayed her as a brilliant economist who is “accessible” and “likable.” While she believes that the U.S. economy needs some inflation to achieve growth, she’s of no mind to let it explode. To do so, she believes, will invite trouble – quite possibly a recession. True to her character and training, then, Yellen prefers a measured approach. She wants to keep the brakes on the nation’s economic growth.
President Trump begs to disagree. A hit-and-run entrepreneur by temperament, the new Commander-in-Chief is hellbent on accelerated, even explosive, growth for the U.S. economy. He wants to keep his campaign pledges at all costs – reshape the nation’s infrastructure, create jobs, deport immigrants, and build up the military.
He’s made no secret of his feelings about Janet Yellen. During his campaign, Trump accused her of keeping rates low or nonexistent to make then-President Obama look good. And now that he’s President, he’s forced to put up with a Fed Chief who wants to make him look just the opposite. Or so he thinks.
But from everything we know about Fed Chief Yellen, her stance on Trump or, for that matter, any president at the helm, remains neutral. Not just because she happens to be a non-combative personality, but because the nature of her job, as she interprets it, happens to be more of a team monitor of the Federal Open Market Committee (FOMC) than a central bank autocrat at the interest-rate switch.
Not only that, Yellen knows full well that Trump, in his inimitable fashion, can’t simply say to her “you’re fired.” In keeping with the Banking Act of 1935, the United States President appoints the seven members of the Board of Governors of the Federal Reserve System who, in turn, are confirmed by the Senate and serve for 14 years. The president also selects the chairman and vice-chairman from among the sitting governors who, in turn, need to be confirmed by the Senate. Once confirmed, they serve for 14 years.
In short, when it comes to the Federal Reserve, President Trump has his hands full. By law, he can only fire Janet Yellen for cause. He can try to stimulate growth all he wants, but he can’t, as Commander-in-Chief, tweak interest rates already set down by the Fed’s Board of Governors. And these rates are what ultimately prime the engine of growth. So any news of the President and the Fed Chair on a “collision course,” as the New York Times recently put it, is a bit overstated.
When the FOMC convenes in the next two days, they will most certainly hike interest rates. They will do so because they believe the U.S. economy is functioning at a “maximum sustainable pace,” a belief in direct conflict with what President Trump happens to believe or, rather, wishes to be the case.
As investors, we’ll all have to deal with the effects of the Fed decision on the economy. Will the stock market continue to blaze forward? Or will it crash and burn?
And will the President forge ahead with his spending plans?
The uncertainties now associated with your investment in paper assets suggest a strong basis for your adding physical gold to your portfolio.
You simply can’t risk the exposure to your nest egg to do otherwise.
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

Posted in Economy, Global, Gold, Inflation, Investor, IRA & 401-K Accounts, Money, Physical Gold, Precious Metals, Precious Metals News, Retirement, Stocks, Trump, US Dollar, World | Comments Off

Stable Gold Price Flouts Economic Indicators

The big news is in – the monthly jobs report from the U.S. Department of Labor, a sacrosanct economic indicator if ever there were one. The U.S. added 253,000 jobs in February, and the unemployment rate dropped to 4.7%.
No doubt about it. This is the kind of news professionals routinely exploit to forecast good tidings for the nation’s economic health. According to George Washington University economist Tara Sinclair, “It’s definitely a solid report.” In fact, she feels confident the Federal Reserve will use this report, among other news, to justify a rate increase when its Federal Open Market Committee (FOMC) convenes next week.
The U.S. job market underwent an upsurge in construction, health care services, manufacturing, and mining last month. And the U.S. Department of Labor added the creation of 9,000 jobs to the December, 2016 and January, 2017 numbers it had previously released.
We shouldn’t be surprised, then, that the stock market reacted accordingly. The S&P index SPX gained 5 points, the Dow Jones Industrial Average DJIA added 12 points, and the Nasdaq Composite Index COMP tacked on a whopping 18 points.
Gold Price Flouts
All told, though, gold has recovered to the tune of 7% since the presidential election. The yellow metal, then, is flouting the economic indicators that traditionally pave the way for its downward move. And, according to analyst Dominic Schnider of UBS Management in Hong Kong, the gold market has already priced in the expectation of rate increases.
The strength we’re now seeing in gold – its defiance of traditional fundamentals – has to do with investor uncertainty about what President Trump will do next. While he has predictably signed a slew of executive orders authorizing regulatory cutbacks, he’s also revised his plans on the fly for altering Obamacare. Also, Congress, including his Republican colleagues, are not readily going along with his plans for the economy.
Investor sentiment veers now toward the possibility that the stock market could correct on the dime. And as UBS’s Shnider reads the cards, a drop in the gold price below $1,200 could spark investor need for a safe haven. Up $4.00 today on the COMEX, the spot price of gold is $1,201, portentously close to Shnider’s suspected turnaround level. Also, it’s especially significant that long positions of hedge funds and money managers in COMEX gold have almost tripled this year.
Under the circumstances, private investors would be wise to temper their investments in paper assets with a solid position in physical gold. It’s fair to say that the political uncertainty that now dogs the stock market will be with us for at least four years. And you’d best be on your guard when it comes to protecting your retirement account.
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

Posted in Alternative Assets, Economy, Global, Gold, Inflation, Investor, IRA & 401-K Accounts, Money, Physical Gold, Precious Metals, Precious Metals News, Retirement, Stocks, Trump, US Dollar, World | Comments Off

Gold Reserves of Russia on Track to Surpass Those of China

The world’s central banks all store physical gold. They do so as a hedge against inflation, to maintain a hard asset on their books with universal value, and as backup against the possible debasement of their currency. Many nations also do so as a holdover – an institutional habit – from the now-dissolved Bretton Woods agreement of 1944. This agreement was an ambitious attempt to set up an international monetary order among the United States, Canada, Japan, Australia, and the nations of western Europe.
Gold Reserves of Russia
Although President Richard Nixon effectively ended it when he ordered the U.S. dollar to float free of gold, the International Monetary Fund (IMF) and the dollar as the world’s reserve currency serve as the Bretton Woods Agreement’s legacy.
Still, paper money makes central banks uneasy. The lessons of Weimar Germany, Zimbabwe, and, more recently Venezuela, are too difficult to ignore. And now, with President Trump beating the drum about China’s manipulation of its currency, gold is a natural insurance against financial disaster for any central bank.
Yet China seems to have taken a breather in its gold purchases, and Russia is playing an impressive game of catch-up. According to London-based writer Lawrence Williams, Russia could soon surpass China as the world’s fifth largest national holder of gold.
IMF records show that Russian gold reserves are dragging those of the Chinese by only 200 metric tons. As of January, Russia can boast 1,645 metric tons of the yellow metal as compared with China’s 1842.6 metric tons. If Russia keeps up its pace of gold purchases, and the Chinese continue to ease up on theirs, Russia stands to outdo China by the beginning of the fourth quarter of this year.
Russia is the third largest gold producer right behind China and Australia. After a recent bout of international sanctions against that country because of its military actions in Ukraine in addition to a recent decline in oil prices, the Russians are faced with a debasement of their ruble and other challenges to their economy. And now that China is calling for the IMF to include gold in its basket of currencies that serve as Special Drawing Rights (SDR), Lawrence Williams feels some will argue that gold should be treated as a currency. If this happens, Russian Premier Vladimir Putin, a known lover of gold, could be sitting in the catbird seat.
One thing seems even more certain, though. Both Russia and China would love to see the U.S. dollar toppled from its kingpin role as the world’s reserve currency. And as these countries accumulate more of the shiny metal, their international influence toward that end becomes more assured.
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

Posted in Alternative Assets, Bitcoin, China, Economy, Global, Gold, Inflation, Investor, IRA & 401-K Accounts, Money, Physical Gold, Precious Metals, Precious Metals News, Retirement, Silver, Stocks, US Dollar, World | Comments Off

Gold Continues to Perform as Fed Increases Benchmark Rate

Gold Maintains Traditional Financial Role Making any investment can be a thoughtful enterprise. And it should be. Impulsiveness, overconfidence, and arrogance have wiped out the smartest of investors. Jumping at the bit is no way to handle your nest egg. For example, if Wall Street is touting a public company that, nonetheless, shows weak earnings, you’d probably best steer clear of its stock. You could easily wind up a casualty of a brokerage pump-and-dump scenario.
On the other hand, you could find yourself waiting interminably to make an investment decision. Once you do finalize your due diligence about a stock, a commodity, or a piece of real estate, or any investment, failure to move on what you’ve learned can prove injurious to your financial future. At some point, you either have to pull the trigger or abandon the idea altogether. A wait-and-see outlook is rarely a good idea.
That said, it’s less problematic to invest in gold than it is in most stocks. Gold has a longer history by which to judge when to invest. We know, for instance, that an increase in rates like the Fed initiated just minutes before this writing will most often accompany a decrease in the price of gold. Investors will often lead towards interest-bearing assets.
But in the last couple days, the gold market has already factored in an anticipated increase in the benchmark rate. And while no one can predict an exact price for gold, some international observers feel the glory days of the dollar are pretty much behind us, and the upside outlook for gold is promising after some struggle against additional interest-rate increases later this year.
Georgette Boele at Abo-Amro, for instance, forecasts a gold price of $1,300 per ounce by the end of the year and beyond. Others envision a more ambitious outlook for the yellow metal based on investors’ lack of confidence in the G-20 to ignite positive changes in global growth.
Gold, in this case, takes on its traditional role as a risk-on protector of investment portfolios and retirement accounts. And that’s exactly why you should include gold in your portfolio. It serves as insurance and a stabilizer against an equities market that could easily go haywire on you. Could go down from here? Absolutely! But not by much. In fact, now is the time to dollar-cost-average your purchases of physical gold, whether it moves down or up from today’s spot price of $1,234.00 per ounce.
As we’ve stressed before, don’t wait to buy gold. Buy gold and wait. You’ll sleep better once you’ve done so.
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

Posted in Alternative Assets, Economy, Global, Gold, Investor, IRA & 401-K Accounts, Physical Gold, Precious Metals, Precious Metals News, US Dollar, World | Comments Off

The Current Bull Market – an Opportunity for Huge Profits

Bull MarketIt would be a sheer understatement to say that the stock market has been on a tear. The Dow Jones Industrial Average (DJIA), up1.56%, reached 21,000 on intraday trading for the first time in its history on Wednesday, March 1, after catapulting 300 points. And the S&P 500 SPX, the Nasdaq Composite, and other Wall Street indexes also surged to record highs in the last few days.
The fact that financials, up 3.1%, led all sectors in gains comes as no surprise. In her mid-February testimony before the House Financial Services Committee, Fed Chair Janet Yellen accounted for the explosive market by remarking, “I think market participants likely are anticipating shifts in fiscal policy that will stimulate growth and perhaps raise earnings ….”
In other words, Ms. Yellen is giving polite lip service to a financial explosion that, in just a few weeks, has more blatantly come to be characterized as the Trump rally. The nation expects the new President will unleash a host of pro-business initiatives: a cutback in individual and corporate taxes, more permissive banking regulations, and accelerated spending on infrastructure.
While his February 28th speech before a joint session of Congress was wildly optimistic, it was short on specifics. Nonetheless, Wall Street has become perhaps the Chief Executive’s biggest cheer team.
Some analysts, though, like Andrew Adams at Raymond James, take a soberer view of so-called Trumponomics. He feels that the market is simply breaking out after what has been a difficult couple of years for the economy. Now some companies are reporting increased earnings, which also helps explain the persistent bull market.
Also, some insiders like New York Federal Reserve President William Dudley estimate a greater than 70% chance for an interest rate hike. Coupled with President Trump’s economic initiatives, a hike in interest rates is likely to bring about an increase in inflation.
In a subtle way, then, Janet Yellen’s recent testimony before the House Financial Services Committee could very well be acknowledgment of President Trump’s clarion call.
If indeed Andrew Adams and other analysts are right, though, and the re-energized bull market is more a function of market forces than it is of the administration’s touted promises, equity investors would be well advised to remain alert to financial history.
As with most investments, what goes up invariably goes down. Just ask veteran stock market observer Marc Faber who, a few days ago, remarked the market is “way too bullish” and “vulnerable to a seismic selloff.”
Curiously enough, Faber is a Trump supporter. But he also happens to believe one man alone doesn’t have it in him to turn things around and “make America great again.” In fact, in his February 26 CNBC interview, he told the reporter “Trump, unlike Mr. Reagan, is facing huge, huge headwinds — including a debt to GDP that is gigantic, as it is in other countries.”
How then should you approach investing? Well, if you were fortunate enough to get in on the burgeoning stock market early enough, you might want to take some of your earnings off the table. From this point on, anemic valuations could go against you; and if Faber is right, your losses could be precipitous and substantial. Depending, of course, on what stocks you choose, buying is now a riskier enterprise than it would have been, say, two years earlier.
Doesn’t it make sense to buy some portfolio insurance? Historically, there’s no better insurance than gold – physical gold. At its current price, many industry observers consider it a bargain.
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

Posted in Alternative Assets, Economy, Global, Gold, Inflation, Investor, IRA & 401-K Accounts, pension, Physical Gold, Precious Metals, Precious Metals News, Retirement, Silver, US Dollar, World | Comments Off

Former Fed Chair Warns Euro Could Collapse

Euro Could CollapseGold to the Rescue?
Alan Greenspan has spent an entire career repudiating sacred economic beliefs and trends. In a startlingly candid interview in The World Gold Council’s February issue of Gold Investor, the former head of the Federal Reserve expresses profound concerns about the viability of the euro currency, and of the European Union (EU) at large.
According to Greenspan, the European Union simply isn’t working. The crisis, as he sees it, stems from an economic divide between the more prosperous northern EU member countries and those in the south. The northern member countries are subsiding the deficits of their southern counterparts.
Greenspan has long felt that the dissolution of the EU is inevitable because of the widely under-estimated differences in its member countries’ economies and cultures. Under the circumstances, Greenspan views the euro itself as being doomed.
And for all the European Central Bank’s (ECB’s) valiant bail-out efforts, the financial problems with Greece’s debts have still not been resolved. The countries’ banks are once more facing bank runs. Also, bankruptcy for Italy’s Banca Monte dei Paschi di Siena, Europe’s oldest bank, is now imminent. What’s more, Germany’s largest lender Deutsche Bank is being dogged by non-performing loans (NPLs).
Ireland, Spain, and Portugal are plagued too with economic challenges, and given the severity of their respective financial crises, many doubt there’s relief in sight for these weaker euro nations. Furthermore, Greenspan predicts that Brexit will ultimately set off a collapse of the European Central Bank, even though the UK never adopted the euro in the first place.
Alan Greenspan believes we should return to gold as a currency. And for a long time, he has advocated a return to a universal gold standard. It’s also fair to say that he believes, had the EU managed to adopt a gold standard, it never would have found itself in its current dire straits. In his recent interview with Gold Investor, here is some of what he had to say:

“I view gold as the primary global currency. It is the only currency, along with silver, that does not require a counterparty signature …. No one refuses gold as payment to discharge an obligation. Credit instruments and fiat currency depend on the credit worthiness of a counterparty...Significant increases in inflation will ultimately increase the price of gold. Investment in gold now is insurance."

As he surveys the world’s economies, Greenspan finds it difficult to find one that’s “solid,” and, under the circumstances, a central bank whose reaction he can predict.
He doesn’t exactly paint a comforting world economic picture, does he? Through the entire mess, though, he foresees a semblance of security for investors who gravitate toward gold. It is the one ultimate currency.
Now take a close look at your own finances. Can you appreciate why you might ultimately need “insurance” for your retirement account – the account you worked so hard to build and protect year after year?
Request more information now or call 800-777-6177 now, and ask to speak to a Fortress Gold Group representative.

Posted in Brexit, Economy, Global, Gold, Inflation, Investor, IRA & 401-K Accounts, Money, Physical Gold, Precious Metals, Precious Metals News, Retirement, Stocks, Trump, US Dollar, World | Comments Off

Gold Rises 7% and Surprises Professional Investors

Gold Stays the Course Conventional wisdom has it that when interest rates rise, gold loses favor as an investment. After all, why should someone invest in gold when they can make money on an interest-bearing investment? Gold doesn’t pay an investor interest. Nor do any of the other precious metals.
Yet gold has been up as much as 7 percent since the Fed’s rate hike on December 14. Previously, it had taken even professional investors by surprise when it spiked 13 percent in the two months after the last increase in December 2014 and, before then, 6 percent during the previous time in June 2006.
Much of the explanation for the most recent rise in the shiny metal’s price can be traced to the unpredictability prompted by the administration. Since Donald Trump was elected last November, uncertainties about his intentions for the nation have weighed heavily on financial markets.
At first, though, precious metals prices slid when Trump promised he’d pump up the U.S. economy by spending on infrastructure. This process would maximize a yield on assets and limit investor interest in gold as a possible haven.
But once he took office, the President became distracted by other activities and concerns, and the Fed’s December rate increase marked a support price for gold. Surprisingly, the anticipation of additional rate increases has not sparked further increases in the price of the yellow metal.
Investors in the biggest gold exchange-traded fund (ETF) have purchased in excess of 40 metric tons just this month, and have helped drive prices to $1,238 an ounce. During the Chinese New Year, gold climbed in January when the Chinese ordinarily buy gold as gifts.
A well-known billionaire ETF manager, Stan Druckenmiller, has already announced he was a gold buyer in December and January because of the confusion surrounding U.S. government policy.
But there are other uncertainties prompting gold purchases – imminent elections in Germany, the Netherlands, as well as the lack of agreement on the terms of Britain’s exit from the European Union.
In France, the leader of the National Front, Marine Le Pen, has intimated she’ll assume control of the central bank, print money to subsidize welfare, and take France off the euro if she wins that country’s presidential election.
The upward-bound price of the yellow metal has stayed the course. Not even the Fed’s plan for higher U.S. interest rates has deterred gold investors. They’re now fearfully concerned that Donald Trump’s promised actions will contribute greatly to government debt. Worries that more countries might depart from the European Union serve only to heighten anxieties – a situation almost certain to benefit gold prices even further.
What about your retirement savings? Are you concerned about how doubts about the U.S. and European economies might cause a precipitous reversal in your stocks? Are you interested in finding out more about how gold can protect your nest egg?
Request more information now or call 800-777-6177, and ask to speak to a Fortress Gold Group representative.

Posted in Alternative Assets, Economy, Global, Gold, Inflation, Investor, IRA & 401-K Accounts, Money, Physical Gold, Precious Metals, Precious Metals News, Retirement, Trump, US Dollar, World | Comments Off

Trump’s Presidency and the Uncertainty of the Dollar

Trump PresidencyThe election of Donald Trump as President of the United States has thrown the world into turmoil. It seems that no one could have predicted this event, save President Trump’s campaign and his followers. How has this shift in global politics affected the U.S. dollar, and how can we expect it to affect the dollar in the future?
The Beginning: Trump’s Election
In the immediate wake of the news that Trump had won the Presidency, the dollar dropped vs. the U.K. pound and other currencies. However, the U.K., struggling with its own economic challenges, dropped as well, lessening the devaluing of the dollar.
Approaching the Trump Presidency
As Trump’s inauguration approached, the dollar continued to drop, in anticipation of a murky economic platform that would heighten uncertainty. Without specifics about Trump’s economic plans, investor confidence in the dollar was tough to come by.
The Trump Presidency and the Dollar
In the beginning of Trump’s Presidency, as it appeared that he might take actions that would bolster the economy, such as tax cuts, deregulation and greater infrastructure spending, optimism seeped in and the dollar began to rise.
However, Trump’s surprise executive order restricting travel to the U.S. from seven primarily Muslim countries changed all that. Many major companies objected, both on moral grounds and because some of their most important employees were suddenly denied access to the United States. Iran vowed to stop recognizing the U.S. dollar entirely. Investors began dumping both stocks and the dollar fast, causing the Dow Jones Industrial Average to fall below 20,000.
In the months ahead, what will happen with the dollar is nearly impossible to predict with respect to President Trump. We are in the first year of the Trump Presidency, and he has taken only a few of the actions he will take over the course of his term. Any promised tax cuts or deregulation policies he puts in place could cause the dollar to jump. On the other hand, a move like the travel ban could cause the dollar to fall even further.
The one thing that’s certain regarding the U.S. dollar in the immediate future is uncertainty, far more than usual.
Insulating Your Portfolio Against the Vicissitudes of a Trump Presidency
The current political situation in the United States is exactly what investments in gold and silver were made for. Gold and silver have absolute intrinsic value and are historically resistant to market forces. They are a great hedge against uncertain markets, as they often perform well when traditional investment products falter. Investors who are running from stocks and the dollar right now need some place to put their money, and one of the safest places to put it is in precious metals.
If you are concerned about the uncertain economic future and looking for a secure way to protect your assets for your retirement, Fortress Gold Group can help. Fortress Gold Group, the Inc. 500 #1 gold firm in America, can help you put your money into gold and silver so you are no longer subject to the whims of the currency market on the dollar.
You can transfer your existing IRA into a gold or silver-backed IRA with Fortress Gold Group, and you can even invest in a home storage gold IRA, which allows you to store the physical gold you own wherever you want it, so you can have the peace of mind of knowing your gold is in a safe location that you can access when you need to.
To learn more about protecting your assets with gold and silver request your FREE GUIDE today or call our precious metal specialists at 1-800-777-6177 today.

Posted in Global, Gold, Investor, IRA & 401-K Accounts, Money, Precious Metals, Precious Metals News, Trump, US Dollar, World | Comments Off