Retirement Plans in Big Trouble: Invest in Gold, Silver! US Dollar Will Collapse!
Gold News Daily
4.3.17 – Retirement Plans In Big Trouble
Gold last traded at $1,255 an ounce. Silver at $18.21 an ounce.
NEWS SUMMARY: Precious metal prices kicked off April trading mixed, gold inched higher on bargain hunting. U.S. stocks drifted lower amid weak economic data as bullish sentiment continued to droop.
Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade –Zero Hedge
“The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade….According to Dmitry Skobelkin, the deputy governor of the Central Bank of Russia, the opening of a Beijing representative office by the Central Bank of Russia was a ‘very timely’ move to aid specific cooperation, including bond issuance, anti-money laundering and anti-terrorism measures between China and Russia….If Russia – the world’s fourth largest gold producer after China, Japan and the US – is indeed set to become a major supplier of gold to China, the probability of a scenario hinted by many over the years, namely that Beijing is preparing to eventually unroll a gold-backed currency, increases by orders of magnitude.”
WARNING: U.S. Ponzi Retirement Market In Big Trouble, Protect With Precious Metals –SRSRoccoReport
“The U.S. Retirement Market is in BIG TROUBLE as annual benefits paid out are now larger than total contributions. Actually, the amount of net withdrawals were the highest in history. When payouts become larger than contributions… then we have the making of the typical PONZI SCHEME….Unfortunately, when the markets crack, so will the value of the U.S. Retirement market. On the other hand, Americans who were wise enough to purchase physical precious metals will protect their wealth as the U.S. Paper Retirement Market collapses. According to the most recent data by the ICI – Investment Company Institute, the U.S. Retirement Market ballooned to a new record high of $25.3 trillion at the end of 2016….As Americans continue to contribute into their ‘supposed’ retirement plans, few realize that more funds are now heading out than going in…. I would not be surprised to see at least 50-75% collapse (or more) in the typical U.S. Retirement Account. Thus, the $100,000 invest! ed in a 401K could fall to a low of $25,000, while $100,000 invested in physical gold, could easily double to $200,000.”
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