The new administration has big plans for stimulating the US economy, and as a result, gold is expected to rise, increasing the value of your investments.
Conventional wisdom in the aftermath of the Great Recession seems to be that the massive amounts of money pumped into the economy by various central banks — including the Fed — saved the world from global collapse. However, few can articulate why the recession occurred, although the subprime mortgage market certainly had an impact. This was just one factor, though.
Alan Greenspan may no longer be chairman of the Federal Reserve, but his opinion still holds a lot of importance in economic circles. So when he weighs in on President Trump’s spending plans, and their viability in our current economy, it’s smart to listen. And his opinion is that it could prove disastrous, now that our economy is no longer on the gold standard.
Buying power is a key part of the American economy, and inflation causes pressure on that buying power. With individual dollars now buying fewer goods and services, many consumers are taking a hard look at their finances to see where they can save, resulting in less spending on nonessential goods.
Goldco is excited to announce that former Congressman and Presidential candidate, Ron Paul is going to be our new chief ambassador. Together we will work to continue educating investors on the importance of protecting their hard earned IRA and 401(k) accounts with physical assets like gold and silver.
After breaking 20,000 for the first time at the end of January, it’s been setting new records ever since, now nearing 21,000. But even as the market rises, it’s likely that it’s poised for a significant fall, and the months ahead may see a fair amount of volatility.
We’ve been seeing a strange pattern lately: Even though the S&P 500 is on the rise, the VIX is climbing as well. Why is that?
Wherever there is money, scammers are likely to show up, and that’s true of retirement savings. Scammers and hackers use a variety of methods to gain access to your hard-won funds, but you can protect your financial future with a combination of common sense and due diligence.