LOS ANGELES, Sept. 7, 2016 /PRNewswire/ -- September is a month often associated with major market corrections. Every second election year beginning in 2000, the market has demonstrated extreme volatility in September which led to major economic downturns. Financial analysts are currently tracking market conditions which could lead to a worse correction than in September 2000 - the year of the contentious election between Gore and Bush that saw $5 trillion vaporized by the dotcom crash - and September 2008 - the year of the monumental Obama McCain election which preceded the U.S. housing collapse and a $15 trillion loss in global markets.
September 2016 has Americans witnessing one of the most bizarre and polarizing elections in modern history and an imminent rate hike by the Fed. Driven by historical trends during recent election years and the fact that the Fed's latest rate hike sent the Dow plummeting from 17,500 to 15,080, analysts predict that stocks will plunge below 15,000 from their record high of 18,450. Investors who have placed a portion of their life savings in the stock market should put analyst predictions into perspective: a 15 percent plunge in the stock market equates to losing five years of income.
Economic indicators are signaling the type of historical market corrections we saw back in September 2000 and September 2008. Given current market conditions with negative yields starving investors, precious metals are the only effective investment hedge. The Huffington Post recently noted that "over the last six to twelve months, a stunning array of billionaires, funds and institutions have come out in favor of gold ownership."
Plan for your retirement and preserve your wealth: the time to buy gold and silver is now. For help from a qualified team of precious metals experts with proven investment experience, call Patriot Gold Group at 800-974-GOLD or apply online for a self-directed Lightning Fast Precious Metals IRA.
About Patriot Gold Group
Established in 1986, Patriot Gold Group (www.patriotgoldgroup.com) is a nationwide investment group with over 30 years of experience in precious metals. Rated the top IRA Gold Dealer in 2016 by Consumer Affairs and rated 5 stars by Trust Pilot, Patriot Gold Group is a proud member of the Business Consumer Alliance. What sets Patriot Gold Group apart is the fewest layers of compensation and the most competitive pricing in the industry, guaranteed.
In early 2016, physical gold hit $1,050 an ounce, which marked a level that gold investors hadn't seen since the latter half of 2009. After hitting $1,900 an ounce in 2011, gold shed 45% of its value as the U.S. economy improved, the U.S. dollar strengthened, and the Federal Reserve teased at, and finally began, raising its benchmark federal funds rate.Read More
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Gold price to 2 month high as fiery Trump declares New American Order - 'Trumponomics': Politics and economic policy in 140 characters - The 'intelligence' according to Trump - Trump, Putin and Russia - the great bromance - Trump - Bull in a China shop - Trade and currency wars with China and other nations - Trump - Fan of gold and golden tweets - Conclusion - Trump may be the 'Golden Ticket' "The market is now worrying about what would come out from the new administration," Bob Takai, chief executive officer and president of Sumitomo Corp.
U.S. lawmakers recently introduced legislation calling for 2020-dated coins in commemoration of Muhammad Ali, the legendary boxer, advocate and philanthropist. The Muhammad Ali Commemorative Coin Act, numbered H.R.579 in the House and S.166 in the Senate, seeks up to 100,000 $5 gold coins in 90% gold and up to 350,000 silver dollars in at least 90% silver.Read More
Half a world away at the World Economic Forum in Davos, Switzerland, Nobel Laureate economist Joseph Stiglitz made remarks earlier this week that the US should "get rid of currency." Physical cash means there is no one else standing between you and your savings. But Professor Stiglitz and his colleagues don't want that.Read More
This looks more like the beginning of a market correction than the start of a serious bull run, according to Julian Emanuel, U.S. equity and derivatives strategist at UBS. "The wall of worry which has supported stocks for 8 years has given way to a deep sense of hope and optimism," Emanuel said in a recent research note.Read More
By Let me see if I've got this straight: from an intra-day low of a devilish 666 on March 9, 2009, through the market close of 2,140 on November 8, 2016, the S&P 500 rose 221%. That night, Donald Trump won the presidency. In the ensuing two months, stocks have risen an additional 5.9% (through Tuesday's close).Read More
By Gold had a ho-hum 2016 on paper, as the precious metal rose 9%, in line with the S&P 500 index and the Nasdaq 100 Index. That said, the details on gold's recent performance are anything but boring.Read More
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