Gold $1291 -2.2
Silver $15.54 0
Talk to a representative: 855-242-4121

Talk to a representative:

855-242-4121

Customer Care Line:

855-909-0082 or email us

Recently added item(s) ×

You have no items in your shopping cart.

Gold $1291 -2.2
Silver $15.54 0
Talk to a representative: 855-242-4121


This Week's Touchpoint

Weekly Touchpoint: GE Dividend Cut to a Penny

Financial Giants Consider Precious Metals to Overcome Market Correction

Wall Street’s rocky ride is getting a little hairier – as expected, considering we’ve seen the longest bull run ever. The Dow Jones Industrial Average closed last week after having officially lost all of its gains for the year. Gold, for its part, spent the last couple of weeks demonstrating why investors look to it during economic woes. Gold prices climbed 2.5% from November 28 to December 7. As conditions continue to worsen, gold’s recent strength is a timely reminder that precious metals can provide investors with a productive place to go in the face of a market correction.

  • One place investors cannot go for relief is General Electric stock, once prized for substantial and rock-solid-reliable dividends. GE has been on the ropes for years due not only to misguided management decisions but also an unforgiving economy. Now, in a stunning turn of events, the board of directors has decided to cut GE’s once-robust dividend payout to just a penny a share. CNBC.com has all the details.

  • If the economy is so strong, how come tax revenue is declining and federal government expenditures are rising? That’s normally how things go in recessions, but not in supposedly healthy economies characterized by rising household wealth, as is the case right now. So what’s going on? For some insight, check out this great data-driven piece over at Economica.

  • Publicly, neither central banks nor Wall Street usually share that they have much love for gold, but privately it’s a different matter. For example, not only are central banks, the overseers of fiat currency, stockpiling gold at a phenomenal rate, but now we’ve learned investment banking giant Goldman Sachs appears to be going “all in” on the yellow metal. What happened to “riding out” market corrections and economic upheaval? Who exactly is that advice directed to? To learn more about what Goldman is doing, check out this article at the popular alt-financial blog Jesse’s Café Americain.

  • Simon Black, in an article over at Sovereign Man, sums up very inelegantly but accurately what might be the best reason for buying gold: the “I don’t knows.” Black details the array of uncertainties plaguing investors right now, including the constantly changing outlooks in both trade and Federal Reserve policy. Investors don’t know what to do with all the flip-flopping going on. As a possible answer to the “I don’t knows,” he brings up precious metals. He notes that through all of the recent weeks’ hyperactivity “gold has held its ground,” and adds: “That is exactly how you want insurance to act.”

Stocks are moving down, gold is moving up, and Wall Street is now buying the yellow metal. What else do you need to know? If you have an IRA, 401(k) or another savings/investment account in need of protection, it might be worth noting what the “big boys” are doing as “insurance” to overcome market corrections and economic drops. You could consider pursuing physical gold or silver ownership to help protect your account(s) before the market gets yet hairier. To learn more, call Augusta Precious Metals today at 855-242-4121 or visit Augustapreciousmetals.com.

Let Augusta Help You Protect
Your Future and Your Legacy!
Speak to an Augusta gold and silver specialist today.

Or fill out the contact form here, and a member of our team will be in touch with you shortly!

More Stories


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. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee future results. All decisions regarding the purchase or sale of precious metals, including the decision of which precious metals to purchase or sell, are the customer's decision alone. 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 investment is speculative and unregulated.

Michael Dallo, CPA, JD, LL.M. is a tax attorney and certified public accountant (CPA) of Dallo Law Group, a Professional Corporation. For over 10 years, Michael has zealously represented hundreds of clients in resolving tax disputes with the Internal Revenue Service and California taxing agencies, as well as developing sound tax positions and arguments to minimize their federal and state tax liability.