The level of pandemonium currently surrounding the Coronavirus is unprecedented.
Unfortunately, the carnage of world economies as this disaster plays out will be too.
You see, the Coronavirus will come and go. Just like the Avian flu, Swine flu, Zika and a host of other pathogens that have “threatened” our existence. And I’m not saying this to downplay the severity of the situation, in fact it’s the opposite.
Because what is here to stay, at least for the foreseeable future, is the devastation that will wreak havoc on the world economies… and most likely your retirement savings as well.
The reason being is that ever since the 2008 financial crisis, governments and central banks have manipulated and cajoled, propped up and inflated, almost every asset class to new all time highs.
But they never seem to learn do they? In 2008, we had a financial crisis due to too much debt and yet the answer to “fix” that crisis was to explode the amount of global debt. Global debt launched from 173 trillion in 2008 to over 250 trillion today.
Central banks printed obscene gobs of cash and siphoned the majority of it to the “too big to fail” banks. The same people who were the culprits of the problem in the first place.
But it’s not just stocks that have re-entered bubble territory thanks to the fearless Fed. Real estate is back to nose bleed levels. And the bond market is the most overvalued we’ve ever seen it.
Interest rates on the other hand are so low you can’t even make a decent return from your savings account or CD’s. (Remember when you could make 12% on your savings account? I do too…)
But with constant Coronavirus panic splashed across your TV screen, many investors have been distracted from the real threat. The fact that a global economic collapse, the “Greater Depression” is now upon us.
Just look at the financial headlines. They’re far from reassuring.
Now I’m guessing you don’t have the time to “wait out” another crisis like we had in 2008. But what if this time it’s even worse? We didn’t do anything meaningful to “fix” the problems that caused 2008. In fact, we made them worse, by “printing” trillions in funny money and lowering interest rates to historic levels, all of which have punished savers or seniors if we want to be frank.
Can you really afford another 2008? A drop of 50-75% in your retirement savings at this age?
Weren’t you already stressed out enough by the thought that you may outlive your money? And now this comes along…
Well it’s about time you caught a break, because there’s one asset that’s standing “head and shoulders” above the rest right now… and that’s gold.
Look, the Dow is down over 19% just since January. Chances are your retirement account has taken a similar beating.
Gold… it’s up a solid 5%.
But don’t take my word for it, that gold is a good investment right now.
In the last few days some of the world’s smartest investors have scooped up over 1.8 million ounces.
Major bullion exchanges are already seeing shortages because of extreme demand. While the US Mint’s sales are up over 400% from this time last year.
And central banks have been gobbling up every ounce they can get their hands on as well. Just last year they bought more gold than any other time in the last 50 years.
Could it be that they knew the “everything bubble” was eventually going to pop and were planned accordingly? Is it possible that the Coronavirus is simply the spark that ignited the raging inferno we’ll call the “Greater Depression”?
If they think gold is a safe asset right now what’s been stopping you?
What do you think will happen to the price of gold when the government steps in to “save” the economy this time?
When they “print” un-Godly sums of money and throw it at the problem, like that’ll fix everything. Or when they slash interest rates to zero at first, and then go negative, all to save the economy.
In 2008 gold traded for around $750… just 3 years later gold was trading at $1,900.
In 2008 silver traded for $9 at one point… and just 3 years later it catapulted all the way to $48.
Because between 2008 and 2012 the government quadrupled the amount of currency in circulation. It’s not too hard to figure out why “hard assets” like gold and silver soared under such fiscal madness.
Now this will go either one of two ways for you…
You can sit back and wait for the government to “save the day” and believe when they tell you that everything will be alright. That you don’t have to worry about your retirement. That social security will be there for you.
Or you can take matters into your own hands. You can make your own decisions based on the facts and God willing protect you and your family through what will surely be the most interesting of times.
Your financial judgment day is coming…
Will you be saved?
Recommended for you: Gold IRA Rollover Guide and Silver Investments.