Just about every American is feeling the pain from inflation. Combined with instability in the markets, inflation has prompted life-changing decisions at nearly every fiscal level.
The recent veto by Joe Biden of House Joint Resolution 30 prevented proper investment decisions from being made on behalf of the investors. Now, plan managers and financial advisors are to factor in “ESG” (Environment, Social, Governance) issues in their stewardship rather than focusing on preserving or advancing their clients’ best interests.
With FedNow rolling out this summer, the foundation has been laid for a “Digital Dollar” to replace the U.S. Dollar. This central bank digital currency precursor is quietly being hedged with gold and silver by the very central banks who are pressing for the Dollar’s demise.
Inflation, ESG, and CBDCs are making physical precious metals backing self-directed retirement accounts the hottest investment trend in any market today. None of these reasons are new, but the convergence of strange financial news over the last month has accelerated the rise of all three.
While we are not financial advisors, as journalists we can echo the sentiment of people like Matt Richardson for CBS News MoneyWatch who recently described why gold was becoming more popular for those with retirement accounts to protect:
With economic uncertainty and nagging inflation, many Americans may be taking a closer look at their investments. Whether you have a 401(k), a Roth IRA or some other form of retirement savings, the volatility of the stock market and recent world affairs has left a mark.
Amid this environment, investors may be turning to gold. Gold is traditionally considered a hedge against inflation as its value tends to rise in an uneven economy.
Keep in mind, he made these statements BEFORE the collapse of Silicon Valley Bank, Biden’s veto of protections from ESG investments, and the ramped up push for central bank digital currencies. Since this string of financial events started unfolding last month, companies like Genesis Precious Metals, whose efforts benefit us, have seen a dramatic increase in interest for their self-directed IRA program backed by physical gold and silver. You can learn more about them at GenesisRetirement.com.
Some say inflation rises and falls, and that has always been the case in the United States. But once we take into consideration the White House push for “woke” investment management and the central banks barreling forward toward a Digital Dollar, it’s not a stretch to assume inflation has a chance of turning into hyperinflation, at which point there is practically no coming back.
Those who are waiting for gold and silver prices to miraculously plummet to pre-pandemic levels before making a move may be waiting a long time. Prices hit a low right around the midterm elections and have not gone below those levels ever since. Again, I’m neither a financial advisor nor an economist. I’m just a guy who’s paying attention.
Between inflation, instability, ESG, and CBDCs, it’s understandable why more people have contacted Genesis Precious Metals over the last month than the previous three months combined.
It may be time for you to do so as well. Visit GenesisRetirement.com or call 866-931-4593 today.
This is an advertisement from our friends at Genesis Precious Metals.
