Posted By Isaac Nuriani
If Trump shuts down the government and vetoes an increase of the national debt to force Congress to fork over the wall money, it may force America into default, and economic turmoil like that is exactly what pushes precious metals prices up. We believe this absolutely could happen. After the Obamacare repeal debacle, the president has to be feeling pressured to find new ways to support Republicans in the House and Senate. He certainly will do that if he rejects any budget that doesn’t fund the wall.
President Trump knows you can’t put a price on the safety of Americans. It’s his job to protect us from the thugs, rapists and drug dealers that continue to pour through our southern border, and he believes the wall is a necessary part of doing that. To achieve this goal, he has said he’s doing it, even if it means shutting down the government.
If a government shutdown happens, it will be good for gold because the dollar and gold prices move in opposite directions. Default will make the dollar worth less, at least temporarily, and then the wisdom of owning real money will become obvious – that means physical gold and silver. Precious metals investing is a great way to prepare for major economic and political upheavals, and has been for millennia.
That’s your cue to open an Augusta® Gold IRA and fund it to the limit, which is $6,500 a year for folks 50 and older ($5,500 for all others). In terms of timing, we believe it makes sense to fund an IRA and buy gold before the end of September, when default might occur and drive gold into the stratosphere. Or request a gold IRA rollover, if you already have a retirement account. Even if we avoid default, you get to deduct your gold IRA contributions from your taxes, and you don’t have to pay taxes on your IRA until you withdraw money. Augusta Precious Metals is one of the premier providers of precious metal IRAs, so don’t delay – owning gold may be your best financial defense against a government shutdown
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