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Weekly Touchpoint – Sanders Presidency, Coronavirus, Gold & Silver

Posted By Isaac Nuriani |

Final results of the glitch-ridden Democratic Iowa caucuses remain elusive. One thing is clear, however. By the time the dust finally settles in Iowa, Bernie Sanders will have registered a strong showing, likely finishing first or a very-close second. “President of the United States Bernie Sanders” still may seem like a farfetched notion to many Americans. Rapidly improving poll numbers, however, indicate the one-time political outlier has a real shot at becoming the Democratic nominee. Recent national voter data reveals Sanders is now slightly ahead of former Vice President Joe Biden. If Sanders becomes the Democratic Party presidential nominee, all bets are off regarding the 2020 general election outcome. According to some experts, a Sanders Presidency could prove chaotic to financial markets. Will Sanders become the next resident at 1600 Pennsylvania Avenue? This week’s Touchpoint begins with a look at what’s in store for Wall Street if that happens.

  • Prominent asset management voices believe the biggest market threat in 2020 isn’t war or pandemic, but a Bernie Sanders presidency. Bond legend Jeffrey Gundlach said that very thing recently. He noted that the self-proclaimed socialist is now “a real force.” He added that “financial markets broadly will have to deal with” plausibility of his candidacy. The article also quotes hedge fund giant Stanley Druckenmiller from 2019. If Sanders becomes President, he said, “I think stock prices should be 30% to 40% lower than they are now.” Is your portfolio ready for the volatility that could ensue as a socialist candidate moves closer to the presidency? Learn more at CNBC.com.
  • Final numbers for 2019 gold purchases are in, and central banks outdid themselves once again. The World Gold Council (WGC) said “central bank net purchases in 2019 were remarkable.” The council revealed that central banks posted the second-highest annual total in the last 50 years. The year 2018 saw the most annual purchases in the last half-century, when central banks bought 656 metric tons. Last year’s figure was just 1% off the 2018 number – 650 metric tons. The WGC also reports that 2019 marks the tenth straight year with central banks as net purchasers of gold. The organization declares the “significant and…sustained levels of demand” since the 2008 financial crisis are attributable to a “fundamental change in mindset towards gold.” Retirement savers take note.
  • At close to 3 trillion dollars under management, State Street Global Advisors is one of the world’s largest asset managers. It’s noteworthy, then, when its chief gold strategist suggests savers consider buying lots of gold in 2020. State Street’s George Milling-Stanley has been a precious metals analyst for more than 40 years. He’s known in some circles as “The Godfather of Gold.” He says a 10% gold allocation over 15 years produced “the biggest reduction in risk and biggest increase in returns.” However, he said more institutions and individuals are moving above that level due to current “extraordinary circumstances.” Wealth Professional has more.
  • Health experts say the coronavirus outbreak is not as deadly as the 2002–2003 severe acute respiratory syndrome (SARS) outbreak. That news is little consolation to the nearly 500 persons who’ve died thus far from the new coronavirus. It’s news that isn’t providing financial markets with any relief, either. The Dow Jones Industrial Average fell more than 2% Friday as it became clear the crisis is far from over. Markets already are concluding the virus could send an already weakened global economy over the cliff. One former Morgan Stanley chairman agrees. He says the coronavirus outbreak actually could lead the world into recession. High-net-worth savers and others with significant retirement portfolios should be especially wary right now. For additional insight, be sure to read the latest blog article from Augusta Precious Metals.

The year 2020 is barely a month old and it’s already shaping up to be an eventful one for retirement savers. Even before January 1, conditions were expected to be ideal for gold again this year as global economic struggles continue. Savers now can add several other economic stresses to the list of factors that could send gold skyward. The list includes Middle East tensions, a worldwide health emergency and the prospect of a Sanders presidency.

Web Conference on Physical Gold and Silver

If you’ve still not added physical gold and silver to your portfolio, perhaps it’s finally time to make your move. Call Augusta Precious Metals at 800-700-1008 or visit    Augustapreciousmetals.com to learn about all the ways gold and silver can help safeguard your retirement savings. We’ll also help you find out if you’re eligible to participate in a revealing online seminar on retirement protection. Augusta’s Profit & Protect Web Conference is hosted by lead economic analyst and Harvard Business School member Devlyn Steele. It is like nothing you’ve ever seen before. You’ll learn the secrets of Wall Street insiders that keep many Americans from achieving genuine retirement success. But that’s not all. Mr. Steele also will share his thoughts on economic effects of a Sanders presidency. And he’ll demonstrate how to become a bona fide retirement savings success story through precious metals.

Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't purchase Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee future results. Premium coins are sold for more than the value of the precious metal they contain. Augusta's prices and buy-back prices are determined and controlled by Augusta. This purchase is speculative and unregulated.