Never sell your gold – buy more!
“It’s pretty safe to say that we haven’t seen the end of this period of increased volatility. All markets seem poised to overreact to whatever the outcome of next week’s Brexit vote might be. I’ve seen that if the referendum passes, the target for the exit is actually sometime in 2019. Nevertheless, there will be an oversized collapse in common sense in our immediate future that seems unavoidable. How about gold, gang? The precious metal has skyrocketed to levels well above $1,300 an ounce. The VIX is trading above 22….The US dollar is strong today against a basket of global currencies, despite yen strength. This is putting a further hurt on crude and energy stocks and really puts an exclamation point on gold’s move.”
The key to conserving wealth in uncertain times is to own assets that are certain. Rather than playing the speculation game of traders, owning physical gold should be viewed as putting a solid foundation in your portfolio which can withstand the storms of life … and financial markets. If prices dip, buy more. If prices skyrocket, hold on tight to the world’s most trustworthy form of money, gold. Don’t wait, discover
However Brexit vote goes, UK economy is in trouble
“Severing ties to Europe may help Britons regain a sense of independence and better control over their nation’s destiny. It will do little, though, to help their economy, according to analysts. The U.K. is close to slipping into another recession, and that will likely influence the vote of many who head to polls on Thursday to decide whether the country should stay in the European Union, or leave it. Gross domestic product advanced by just four-tenths of a percent in the first quarter of this year, down from six-tenths of a percent in the fourth quarter of 2015. That’s the slowest rate since the fourth quarter of 2012, according to the Office for National Statistics. Some of the blame goes to uncertainty over the outcome of the upcoming referendum, scheduled for Thursday.”
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On January 8, 1835, President Andrew Jackson proclaimed that the last installment of our national debt had been paid, and that the United States was debt free! This was the only time in American history that the U.S. had no debt.
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