There has always been a very wide gap in how younger and older Americans handle their money. It isn’t just in day-to-day expenditures. Retirement accounts such as 401K are sometimes an afterthought for those who have been in the workforce for two decades or less while it’s at top of mind for those who are getting closer to retirement age. As a result, younger workers often keep their portfolios in markets that can offer greater returns at greater risks while older workers or those who have retired often accept lower returns at minimized risks.
Today, it seems like more and more younger Americans are abandoning risky markets and moving their retirement accounts and portfolios to safer harbors. This is good for the individual but can be bad for the overall economy as money that has always helped drive the stock market and other investment types is being pushed to investments like physical precious metals. One Wall Street analyst who declined to be identified told me she’s never seen so much “new money” leaving the markets in her four decades in the industry.
The precious metals market has always been considered ideal for older Americans with their investments and retirement. The returns are steady and the risks are generally considered to be lower than having money tied up in the markets. It behooves those who want to protect what they’ve accumulated to move some or all of their investments into gold and silver, but over the past few months we’ve seen the ranks of younger Americans joining their older fellow citizens in jumping to precious metals.
Jonathan Rose from Genesis Gold, a Christian precious metals company, joined me again today to discuss this phenomenon. Is it just that the Biden-Harris economy is so bad, fewer people are wanting to stay in riskier markets? There’s actually more to it than that. I asked Mr. Rose about inflation, how interest rates are affecting Americans’ wealth and retirement, and what we can expect in the months and years to come.
The red wave that should be coming on Election Day will almost certainly have limited effect on the economy itself. Republican majorities will be able to slow the bleeding, but unless they can miraculously win super-majorities in both chambers that would allow them to overturn presidential vetoes, they will not be able to pass significant economic bills that become low. This is just another reason precious metals are becoming more popular to those who want to ride out the storm.
Mr. Rose explained that one of the most popular moves he’s seen lately is for those who have 401K accounts from previous employers to roll over those accounts into a Self-Directed IRA. This works at any age; sometimes even those who are in their 30s or 40s had accumulated substantial 401K accounts from past jobs and they’re ready to move that money to protect it from the Biden-Harris regime’s fiscal carnage.
For people under the age of 55, which has traditionally been a turning point for portfolio investment changes, to be moving money now does not bode well for the stock market or correlated investments. Wall Street needs “new money” flowing in for the system to operate well during a robust economy. During a down economy with high inflation and risks of recession, this phenomenon could be a death knell. Add to that the food shortages and energy crises that appear to be on the horizon and it’s abundantly clear why even those who have their whole professional lives ahead of them are “taking a break” by moving their money into precious metals.
As I often mention on my shows, I’m not fatalistic about the economy. I’ve been keeping my finger on the pulse of what the powers-that-be in the globalist elite cabal have been planning for us financially, and while things may seem very dire today, I’m also seeing indications that their machinations are falling short. Americans are tightening up their budgets appropriately, and while personal debt is at an all-time high it seems that general frugality is on the rise as well. I may be wrong but I believe the economic turmoil the cabal planned and initiated has not yielded the degree of collapse that they’d hoped to see. Perhaps I’m just being optimistic, but I do not see a full-blown economic collapse as likely in the next two years. We will have hardships, which is why precious metals make so much sense, but that doesn’t mean everyone’s buying bunkers in Montana and filling them with food, ammunition, and as many silver coins as they can purchase.
Christian-Driven America-First Precious Metals.
Before markets collapse, the smart play is to move wealth or retirement to precious metals. Contact Genesis Gold now to make it happen smoothly with no hassles from a group driven by fellowship.
In other words, we’re not freaking out yet as a nation and that’s a good thing. Unlike ringing the alarm bells about such problems as the border invasion, Chinese takeover of American lands, Pandemic Panic Theater, or LGBTQIA+ supremacy, our economic woes do not require constant badgering about how bad things can get. We have to fight the various plans of the cabal head-on, but the economy is a different beast. Sentiment drives reality with the economy, so fearmongering can often turn into a self-fulfilling prophecy.
Be cautious. Be smart. But don’t panic. That’s the beauty of precious metals. If an economic collapse is avoided, gold and silver are still smart money. If an economic collapse comes, gold and silver are the smartest money.
Contact Jonathan over at Genesis Gold today if you’d like to move your wealth or retirement to precious metals. It’s the only Christian-operated America-First precious metals company we’ve found.
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker