Posted By | June 29, 2016
Unlike all the supposed “experts”, I for one was not surprised in the least by the Brexit vote in the U.K. The good people of that island nation took back their country from the European Union and their faceless bureaucrats. To me, the U.K. did what we did in 1776 – it got rid of arbitrary foreign rule.
I was very gratified to see gold come through the turmoil like a champ. It rose 4.7 percent to $1,332.40 a troy ounce, the biggest one-day jump since September 2013 and its highest closing since August 2014. At one point, gold hit $1,362.60 an ounce. Fantastic! Meanwhile, stocks were flushed down the old toilet bowl, with major indexes giving up hundreds of points.
Of course, The Donald was in the right place at the right time, giving his thoughtful support to all the ecstatic Scots as they celebrated their great victory. By the way, I can’t wait to go play on his newly renovated golf course – this guy really knows what he’s doing!
If you think the know-it-alls were shocked by the exercise of democracy in the U.K., wait until you see the reaction in November when Donald takes the electoral college. It’s all coming together. For years, stock brokers have been telling you to stick to stocks, they do well in the long term, blah blah blah. Meanwhile, Americans who know what’s going on have been steadily accumulating gold and silver in their Augusta™ Gold or Silver IRA from Augusta Precious Metals and taking tax deductions for all their contributions.
Some people laugh at folks who accumulate gold, saying you don’t need it. Well who’s laughing now? I think if 2016 proves anything, it’s my belief that no portfolio is truly safe unless it has some gold. Sure, gold goes down from time to time. But unlike currency and stocks, gold can’t be devalued.
Gold – I believe it's time to invest! Call us today to open an Augusta™ Gold IRA from Augusta Precious Metals and start protecting your long term interests.
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