Written by Jack Hanney, CEO of Patriot Gold Group* – Patriot Gold Group’s Stagflation Protection No Fee For Life IRA
Before that hurricane is right out there down the road coming our way,” the JPMorgan Chase & Co. Chief Executive Officer said at a conference. “You better brace yourself.” Jamie Dimon warned investors to prepare for an economic “hurricane” as the economy struggles against an unprecedented combination of challenges.
The Federal Reserve demonstrated it wanted to be aggressive in its fight against inflation, approving its largest interest rate hike in three decades, although many economists warn it won’t tame inflation after years of irresponsible loose monetary policy. “The Fed has created a monster with monetary expansion and low interest rates.”
Rob McEwen of McEwen Mining Corp added that he predicts $5,000 per ounce gold in the next “two to three years” and David Einhorn said he sees gold prices going much higher as the Federal Reserve ultimately fails to control inflation. Gold bullion demand is up a massive 617% in 2022 and U.S. gold bullion sales are up more than 400% from the five-year average between 2015 and 2019.
The question to ask yourself is, “Do you really see things getting better or worse?” Real Estate prices are cooling, the housing market is slowing down, gas prices and grocery prices continue to skyrocket; making matters much worse the S & P had already shed over $8.2 trillion dollars in 2022 alone!
Morgan Stanley and Goldman Sachs warn the stock market is NOT fully pricing in a recession and has another 20% to fall. Mike Wilson of Morgan Stanley warns, “The bear market will not be over until a recession arrives or the risk of one is extinguished.”
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Bank of America, Goldman Sachs and Wells Fargo all forecast gold to surpass $2,000 an ounce in 2022 and Bloomberg goes on to say it could soar as high as $3,000 an ounce. Isn’t it time to look into preserving your retirement and savings in physical gold and silver?
Patriot Gold Group is based out of Seal Beach California so if you’d prefer meeting in person, we can arrange that as well, whether it be in Palm Springs or The Ranch
in Seal Beach.
If you’ve read this far, you’re interested and you should be, Why not make the call (800-974-4653)? Request a FREE Precious Metals Guide and open that poolside next week instead of Vanity Fair and plan ahead, so next winter you can be sitting poolside again enjoying the sunshine and have one less thing to worry about.
Call the Patriot Gold Group at 800-974-4653 (GOLD) for exclusive details about our “NO FEE FOR LIFE IRA”, and FREE information for new investors. Patriot Gold Group is A+ rated on the BBB & Consumer Affairs Top IRA Gold & Silver Dealer nationwide for an unprecedented six years in a row (i.e. 2016–2021).
This article is a written by, and is the expressed opinion of Patriot Gold Group.* Call Patriot Gold at 1-888-526-4509.
*The opinions expressed in this or other articles written by 3rd parties and are those of the 3rd party writer, not of The Rancho Mirage Insider, The Desert Insider or their affiliates. Please understand that all financial advice and facts should always be verified by independently. Investments carry significant financial risk – speak to a qualified financial advisor before making any financial decisions.