A couple weeks ago, the company behind Snapchat, Snap Inc., went public. The valuation was a little over 29.3 billion dollars by the end of day one. While that may seem appealing to investors, we have to keep in mind that they lost 514 million dollars last year; that is a lot of money to lose.
When the Federal Reserve raised the interest rate to 0.75% in December, they projected another three rate hikes over the next year. The first of those has just been enacted in their March meeting, and the rate is now 1%, returning it for the first time to the level it was at before the 2008 economic crash. The move was not unexpected. Experts have been predicting it all year, and Fed Chair Janet Yellen made it clear in the weeks [...]
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.