Happy New Year!
Or is it? Despite all the hype from Obama and the media about the wonderful economy, it turned out to be a poor year for the stock market with the S&P down from its highs and virtually no economic growth. The new year isn’t looking too promising either.
As we enter 2016, the global economies have already taken a dramatic turn for the worst. The Chinese markets plummeted on the opening day 1/4/16, due to slowing industrial growth, causing a global panic selling. For the first time in history China has frozen its stock market and halted trading in efforts to control stop a financial meltdown.
Being so intertwined economically, if one major economy falls, the effect would be dominos across the globe as we have seen in 2007 and already are witnessing now. Shortly after the panic in Chinese markets today, the European markets then see the worst preforming opening day of the markets New Year in history.
Finally, the U.S. markets opened soon after to also have the worst day in 84 years with the Dow Jones plummeting over 400 points, and further major stock losses on the next two days making for a three day consecutive loosing streak for Wall Street. Last month in December, Janet Yellen, the Federal Reserve Chairman gave the green light to raise interest rates for the first time in almost a decade, sending investors in bonds and mutual funds running for safe haven assets like gold and silver.
Gold today surged $15 per ounce to settle at $1075 per troy ounce, a 1.5% increase overnight. As interest rates continue to rise, the cost of borrowing will rise adding further pressure on the economy and middle class families. In an economy struggling to stay afloat with high unemployment, a low wage job market, and constant new record-breaking government debt, it is vital that you have an asset like physical gold or silver. We are in very desperate times that will bring many troubles. Mideast’s tensions rising, oil plummeting below $37.00 a barrel, and nations abandoning the U.S. Dollar, now more than every you need a tangible currency that historically shows stability and growth in times such as these.
The time to buy precious metals may never be better! Gold and silver are both trading at six year lows and are beginning to rise fast as more investors realize we are headed for a historic stock market crisis.
The U.S Dollar will loose value and historically gold has significantly outpaced the greenback in stability and growth over longer periods of time. Precious metals can be a great way to secure your retirement savings for you and your children. Call Capital Gold Exchange today and one of our friendly account representatives will assist you in getting the financial protection you need.
Visit Capitalgoldexchange.com today and request our free step-by-step guide to investing in tangible precious metals and how to rollover you existing IRA or 401k plan into physical gold and silver!
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