“Economists and others regularly bicker over whether the unemployment numbers are better or worse in 2017 than they have been in recent years, but many do agree that the nation isn’t at full employment….”
“I see something else on the horizon: another economic crash, just around the corner—caused by the Federal Reserve System and its monetary policy. I’m not the only one, either. There are plenty of economists and financial experts who agree with me…” -Ron Paul, Former U.S Presidential Candidate
Gold’s slight tumble from mid-April to mid-May isn’t an alarm bell for investors — historical trends indicate that gold always climbs back to new peaks. In fact, the slight decline in gold is actually good news for patient investors, especially those looking to hold gold assets long term as part of a retirement savings strategy.
Like many other commodities, gold has long been used as a hedge against currency devaluation, particularly against the gradual inflation that is symptomatic of today’s monetary system. A new law passing in Arizona is creating more benefits for gold investment by removing taxation of precious metals — including gold — at the state level.
Traditional retirement is becoming increasingly harder than it was a few decades ago. It used to be that between social security benefits and employer-sponsored pension plans, most people would be able to leave work at 65 and live out the rest of their lives in peace and relative comfort. This is no longer the case.
Hi, I’m Ron Paul, former Presidential candidate and US Congressman. If you follow the news, you’ll know that stock markets are near their all-time highs. The Dow Jones Index surpassed the 20,000 point mark for the first time this year, and even broke 21,000 points in March. That’s over 4,000 points higher than its lowest mark in 2016. The S&P 500 and the NASDAQ Composite Index are enjoying similarly fast growth.
Retirement is becoming increasingly difficult in today’s world. Social Security benefits are meager, and the program itself will eventually collapse under its own weight. That’s why it’s important to have your own retirement savings, such as an IRA or a 401(k). But inflation erodes the value of those savings over time. The money you save today won’t be worth nearly as much in a decade or two.
“I have been a long-time opponent of the Federal Reserve System. The Fed’s loose monetary policies have fueled bubbles and financial crises almost from the Fed’s inception in 1913. Prices have risen continuously since that time, and especially since the dollar’s last link to gold was broken in 1971. More recently, the Fed has engaged in policies of quantitative easing, creating money out of thin air to purchase financial assets…”