Written by John C. “Jack” Hanney, Chief Executive Officer, PATRIOT Gold Group
As we dine out, grocery shop and fill up the car we can’t help but notice prices soaring, inventory depleted, shelves barren and costs skyrocketing! What are we to do, how long will this go on, is this a result of Covid, will this subside in 2022? How do I protect my retirement and savings from inflation? Most of us went through this in the 70s under President Jimmy Carter and the result was a double dip recession, something we can’t afford at this stage of our lives.
(We Offer a FREE and No Sales Pitch Precious Metals Investor Guide when you confirm your delivery method by calling: 800-974-4653)
The U.S. Consumer Price Index (CPI) posted its fastest rise in 40 years at the end of 2021. Harvard Economist Kenneth Rogoff recently stated that he believes inflation is not transitory and higher prices will continue into 2023! Rogoff also pointed out that the Fed hasn’t “tried to raise interest rates to stop inflation really for almost 30 years, it’s not clear how it’s going to work, there is a lot of UNCERTAINTY.”
We’ve all heard about buying gold and everyone has an opinion but what does it really entail, and should you learn more? When multi-billion dollar technology companies like Palantir buy $50M worth of gold in 2021 to prepare for “Black Swan Events” and economists and hedge fund managers like Ray Dalio insist on buying gold as insurance, it starts to make sense, but where do we begin and what
is the process?
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 maybe look into preserving our retirement and savings in physical gold and silver?
This brings us to another concern, our retirement accounts and how will a rate hike affect our IRAs? Blackstone Group with over $600B under management Executive Vice Chairman Tony James stated last week, “I think this could be a lost decade in terms of equity appreciation,” going on to explain higher interest rates negatively affect corporate earnings and stock prices along with “plenty of headwinds” including higher taxes, increase in operating costs, less efficient supply chains and “deglobalization” that will hurt productivity.
Morgan Stanley issued a dire warning: “It is best to avoid U.S. stocks and bonds next year as high valuations and tighter monetary policy fail to support a good investment case.”
Hedge Fund Manager Kyle Bass was even more pessimistic, “There’s no way the stock market goes up this year, it probably goes down pretty aggressively.” We know this isn’t something you’d prefer reading as you sit poolside, looking at real estate and figuring out where to dine out this evening, but look at those real estate prices, look at how prices have skyrocketed, look at the appreciation and rapid escalation in costs and ask yourself, “How long can we really afford to enjoy retirement if these prices continue going up and what should we do?”
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 have questions, you have concerns, why not make the call (800-974-4653), request a FREE Precious Metals Guide and open that poolside next week instead of Vanity Fair. 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 incentives, and FREE information for new investors. We’re here to help, be of service, and adhere to that altruistic principle that made Consumer Affairs recognize Patriot Gold Group as the Top IRA Gold and Silver Dealer nationwide for an unprecedented six years in a row (2016–2021).
