The Recession Is Coming Market Crash Is Inevitable

JH: My name Jack Hanney, Senior Partner at Patriot Gold Group, home of investor direct pricing, the lightening fast IRA application process, and the Consumer Affairs top rated gold dealer, nationwide, 2016. The Wall Street Journal, on Friday, the influential investor Raul Paul stated, “a recession is coming so hide in gold. As we get to negative interest rates, gold is a good place to park your cash.”
He goes on to say the precious metal should be a lot more expensive when the likelihood of a global financial collapse and a move toward negative interest rates are accounted for. All the really serious thinkers are interested in gold he said. This morning the Wall Street Journal issued a report. The three single biggest drops in the S&P 500 have all taken place in the month of October, October of 1929, October of 1987, October of 2008.

Last week, Murray Gunn, head technical analyst at HSBC issued a red alert stating the market looked a lot like ’87. He sais if the Dow were to drop to 7792 that the selling would ensue. The Dow dropped at low as 17966. Keep in mind as I have mentioned before, the Wall Street Journal stated it is clear to us that the rationale stated, buying is more powerful than any time in living memory. As they say insurance is best bought before you think you need it. There has never been a better time than now. Gold has been a storage of wealth and insurance and currency for over 5,000 years.