Happy Friday everyone!
Another week flew by and it’s almost Christmas!
But first we need to get our financial house in order because the stock market is absolutely crashing and you need to know why.
You also need to understand why the 2008 Great Recession Crash seems to be playing out EXACTLY as it did in 2007 again right now.
I wrote about that earlier this morning:
As always, my standard disclaimer: Not personalized financial advice, but this is the quality of insight and macro analysis that people pay big money for…and thanks to Ira, I’m pleased to be able to share it was all of you.
So now let’s go to Ira Bershatsky for more in this week’s Precious Metals Update:
Advisor Metals Precious Metals Market Update for December 20, 2024
How gold hedged your investment portfolio this week
And what a week! The Federal Open Market Committee (FOMC) had their interest rate announcement on Wednesday. They reduced their benchmark interest rate by 1/4%. No surprise there. However, the statement accompanying that announcement said that they do not anticipate as many interest rate cuts in 2025. Then the DOW dropped over 1,100 points after the announcement.
On Friday, the FED’s favorite inflation gauge, the Personal Consumption Expenditures (PCE) Index increased again in November although at a slower rate. On a yearly basis, the overall PCE increased 2.4% and the core which the FED watches more closely and which excludes the volatile food and energy components increased 2.8% both above the FED’s 2% inflation target.
As we have been writing in this space for weeks, if not longer, there was no way the FED was going to be aggressive in their interest rate reductions when they could not even get inflation down to their 2% target.
I continue to comment that every economic report that comes in negative is discounted because it is “in line with expectations”. A bad economic report is a bad economic report.
I believe the powers that be knew a negative announcement from the FED was forthcoming. During my markets experience of the last 44 years, I have seen many times the markets telegraph significant moves in advance. The DOW was down nine days in a row before Wednesday which has not been seen since the 1970s.
This week, through Friday morning, the DOW is down 3.42% with gold down .80%, hedging the DOW’s decline and your investment portfolio. Silver is another story. It is down 3.29% this week. Some of my customers have purchased silver at these price levels. The gold/silver ratio is at 89.71 which usually portends a rally in silver.
Until next time…
If you want to HEDGE and protect yourself against a potential coming stock market crash, Ira can help you out.
You can also get Gold and Silver for NO MONEY OUT OF POCKET if you have a retirement account sitting around (and most people do). Most people have no idea they can use that retirement account to shift out of volatile Stocks and Bonds and into “God’s Money”.
But you need a good advisor and that’s where Ira comes in.
He’ll handle the whole process for you and make it smooth as butter.
I know many of you are already familiar with Ira Bershatsky, but for those who don’t know him, you can find Ira and his company, Advisor Metals, over at WLT Precious Metals.
I have personally sent family members to Ira for 5-figure purchases of Gold and Silver and he treated them like royalty. They were very pleased.
That’s how much I trust Ira.
No one has a crystal ball for the markets, but I trust Ira’s ethics and morals and customer service implicitly. I always hear glowing reviews!
I didn’t tell him I was sending them over either (and these particular family members have a different last name) so I did it as a bit of a “secret shopper” test and Ira passed with flying colors.
Of course I knew he would.
That’s why I work with him and that’s why I have confidence telling you about him.
Ira can handle bulk purchases of bullion, coins, whatever you want.
All custom ordered and shipped right to your door.
A lot of people love Bullion because its the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.
The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you’ll know you’re in the right place.
You’ll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.
How about that!
You don’t see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:
No sales pitch, just real, actual help.
And the best prices you will find.
Here’s the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back. Just be patient.
Good things come to those who wait!
You can contact Ira and WLT Precious Metals here.
Ira can also help you if you want to purchase Gold and Silver in your IRA.
I mean, his name is Ira, after all, OF COURSE he can help you purchase in your IRA account.
The thing I love about purchasing in your IRA account is you can do it with no money out of pocket. You just take money already in the IRA account, perhaps in stocks or bonds or other investments, and you can shift it into Gold and Silver.
Again, I’m not your personalized financial advisor, I’m just explaining how it works.
And it’s REALLY cool.
So even if you’re saying times are tough right now, I don’t have a lot of spare money to shift into Gold and Silver, you might have a golden opportunity (pun intended!) already sitting there in an established retirement account.
I’ll be back next Friday with another Precious Metals Report update from Ira.
Until then….
Noah out.
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