04
Nov 2023
Debt, Cost to Retire are skyrocketing
On Wednesday, the Fed paused its aggressive rate approach after 11 consecutive increases.
We are expecting metals to rally as investors digest this potential inflection point.
In addition, debt is continuing to skyrocket. The Treasury is now expecting to borrow $1.6 trillion over the next 6 months, roughly 11% of U.S. GDP. Such large borrowing is completely unheard of during non-war times.
Inflation continues to rise even after it hit its peak of 9.1% earlier this year. In the last 32 months the consumer price index has risen 17.7%. Over that same time wages have only risen 15.5%. This decline in real wages has led to a median family income drop of roughly $7,000.
It is important to protect your family and your savings from this inflation. Real wages are dropping by a considerable amount which means the purchasing power of your savings is dropping by even more.
Retirees, especially, are being hit hard by rising inflation and U.S. debt.
"Three years ago, if you had been aiming for retirement savings of, let's say, $500,000, in today's climate, with higher prices, you need more like $600,000," American Institute for Economic Research’s Paul Mueller told FOX Business’ Gerri Willis. "In three years, you need another $100,000 to have the same purchasing power. So inflation has very much eaten away at people's savings."
While the primary reason to own gold is defensive, we believe gold can enable investors to take advantage of the important investment opportunities presented after periods of market stress.
Especially if you are later in your career and more protective of the wealth you have earned, this environment calls for material gold allocations.
It's our duty to be good stewards of our wealth and now is the time to ensure you're protected. Instead of being devastated during periods of intense market turbulence, portfolios crafted with gold allocations have consistently shown more resilience. Protect your family and your dreams. Call us today.
We are expecting metals to rally as investors digest this potential inflection point.
In addition, debt is continuing to skyrocket. The Treasury is now expecting to borrow $1.6 trillion over the next 6 months, roughly 11% of U.S. GDP. Such large borrowing is completely unheard of during non-war times.
Inflation continues to rise even after it hit its peak of 9.1% earlier this year. In the last 32 months the consumer price index has risen 17.7%. Over that same time wages have only risen 15.5%. This decline in real wages has led to a median family income drop of roughly $7,000.
It is important to protect your family and your savings from this inflation. Real wages are dropping by a considerable amount which means the purchasing power of your savings is dropping by even more.
Retirees, especially, are being hit hard by rising inflation and U.S. debt.
"Three years ago, if you had been aiming for retirement savings of, let's say, $500,000, in today's climate, with higher prices, you need more like $600,000," American Institute for Economic Research’s Paul Mueller told FOX Business’ Gerri Willis. "In three years, you need another $100,000 to have the same purchasing power. So inflation has very much eaten away at people's savings."
While the primary reason to own gold is defensive, we believe gold can enable investors to take advantage of the important investment opportunities presented after periods of market stress.
Especially if you are later in your career and more protective of the wealth you have earned, this environment calls for material gold allocations.
It's our duty to be good stewards of our wealth and now is the time to ensure you're protected. Instead of being devastated during periods of intense market turbulence, portfolios crafted with gold allocations have consistently shown more resilience. Protect your family and your dreams. Call us today.
