Ron Paul here. I want to inform you about the recent events in the Middle East and how that has reignited fears of a possible worldwide conflict. Read on…
“Goldco’s mission is to provide an economic safeguard against impending financial crises through the use of gold and silver IRAs. The company helps prepare its customers for retirement and ensure that their savings are protected against inflation, market volatility, and other negative factors once they retire. As a former Congressman and Presidential candidate who has long preached the value of holding gold and silver assets, I agree with this mission.” -Ron Paul, former presidential candidate.
It’s not new knowledge that U.S. debt management is somewhat out of control, but amid so many urgent economic and geo-political stories, investors might not realize that the U.S. debt ceiling suspension expired as of March 16. With the clock — and the dollars — ticking away by the minute, Congress doesn’t have a lot of time to act to head off a possibly disastrous economic tidal wave.
The continuous pressure on pensions has forced many workers to reconsider retiring early or even retiring at 65 — the traditional date of retirement. Instead, they’re now being forced to retire at 70 due to reducing pension payouts and the increased cost of living.
Inflation is a major drain on investment portfolios — and indeed, almost any other financial product. Many people don’t understand fully how inflation works, so it’s often ignored. However, when a portfolio doesn’t get sufficient return, it can wind up being worth substantially less than you think in actual terms, making it important to pay attention to pressures like inflation.
Our economy is very much governed by its surroundings. The announcement of a federal interest rate hike often causes the stock market to decline, even before it goes into effect. News of Brexit last year caused both the pound and the euro to plummet in value, even though Britain was still nearly a year away from taking even the first steps towards actually leaving the EU.
With economic stability in question across the globe, a growing number of investors are looking for retirement savings options outside of traditional 401(k) plans or IRAs. Many people are turning to gold and silver IRAs because precious metals have always provided foundational security in times of uncertainty.
Through the years, money has been represented by beads, stones, metals or glass, depending on the culture. It was a way to barter for goods without needing to actually store and transport those goods immediately. The concept of money became particularly useful related to perishable goods, such as food.
Saving for retirement can seem somewhat expensive, and when you’re in dire straits, it can be very tempting to raid your 401(k) to pay off credit card bills or pocket funds that are already in your retirement account. However, this has serious consequences on retirement income, and it’s not so good for the companies that maintain these investment vehicles, either.
GBU-43/B, also called “mother of all bombs” or MOAB, has been dropped in Afghanistan, marking a dramatic change in the way the current administration plans to conduct operations in the area. While the weapon was planned for use on the Iraqi battlefield, it was never used as there was limited resistance there. The bomb was likely dropped in response to the death of a U.S. special forces operative in the same area.