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Market Alert! Worst Week in Months, Dollar’s Worst Start in Decades

Market Alert! Worst Week in Months, Dollar’s Worst Start in Decades

After the election, the world watched with amazement as stocks rose to soaring heights. But the honeymoon apparently is over. When stocks dropped recently, the market recorded its worst weekly loss in months. At the same time, the dollar is off to its worst yearly start in three decades.

These are chilling developments for those who dread flashbacks to 2008—a real right hook to the chin for many. But some investors are congratulating themselves for adding the protection of physical gold and silver to their portfolios.

Some are saying weakening of the stock market is due to president Trump and his team talking the U.S. dollar down. There might be a foundation for these comments by the Trump administration, who has accused Germany, China and others of devaluing currencies to compete with the U.S. For example, President Trump said recently that devaluation resulted in drug companies taking jobs overseas, where it doesn’t cost as much to pay employees.

You can read all about the current market drop in recent news. Atlantic magazine, to name one source, called the recent downward slide of prices “the worst showing since Trump’s victory,” citing a more than one-percent one-day drop in the S&P 500 and Dow Jones Industrial Average, as well as a nearly two-percent single-day Nasdaq drop. This, after major market indices hit new all-time highs following Trump’s win.

What happens next?

Much of the market increase has been said to be due to President Trump’s understanding of exactly what businesses need to create jobs. It is still hoped his pro-business policies will lead ultimately to a stronger market. However, it can’t be denied, due to his unique approach to politics and what some are calling inexperience in the political arena, market projections remain uncertain.

The latest drop in market values seems to support what some market experts have been saying for a while now — that a stock market crash on a scale similar to the 2008 “disaster” easily could be on the way.

  • Rob Isbitts, founder of Sungarden Investment Research, said “I firmly believe there will be another major bear market which will take the S&P 500 down by 30%, 40% or more.”
  • Jim Rogers, cofounder of the Quantum Fund with George Soros, said he believes “a $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”
  • As early as last summer, CNBC reported that investment guru Mark Faber said stocks are headed for a “gut-wrenching drop that would rival the greatest crashes in stock market history.”


Gold and silver provide protection due to rarity and demand

The good news is that gold and silver tend to do very well when the dollar is weak and the market is down. In fact, that’s the reason many investors make sure gold or silver are always included in their portfolios – you never know when the market will fall. Physical gold and silver are a diversification that fits investors at any level.

The rarity of physical gold and silver and their role as valued commodities ensures the preservation of their value. They will never be worth zero dollars and have proven throughout history to sustain demand. Many investors don’t know they can invest in a physical gold IRA or silver IRA, which not only offers the protection of value outside of the stock market, but allows investors to take advantage of retirement savings incentives.

I love helping Augusta Precious Metals customers overcome right hooks from the market like this recent drop. To help them even more, as Augusta’s CEO, I have pledged for a limited time to give Augusta customers up to $5,000 in free silver when they complete their application for an Augusta™ Gold IRA or Augusta™ Silver IRA (depending on the amount you invest).

If you have any interest in participating in this history-making offer, I urge you to contact us immediately by calling 855-242-4121. Ask to speak with an Augusta Precious Metals retirement specialist about the Augusta gold or silver IRA, and let’s get your retirement protected against any whatever happens next.

Resources:

https://www.theatlantic.com/business/archive/2017/03/stock-market-drop/520326/

http://www.marketwatch.com/story/what-should-bears-do-now-2016-11-11

http://thesovereigninvestor.com/exclusives/80-stock-market-crash-to-strike-in-2016/

http://www.cnbc.com/2016/08/09/marc-faber-sp-is-set-to-crash-50-giving-back-5-years-of-gains.html

http://money.cnn.com/2017/02/02/investing/us-dollar-trump/

 

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