The US is currently heading into a recession that’s been anticipated for the last 2 years. In the last few weeks, the Dow dropped over 1000 points as well as the Nasdaq down 600 points. This along with a sudden unemployment surge have been historic indicators of a recession. A similar situation occurred after a rate cut in 2000, and the stock market crashed 41% while gold went up 56% and silver up 65%. In the 2008 global financial crisis the stock market plummeted 37% while gold’s value rose almost 50%.
Now is the time for safe longterm investment plans. Gold offers a stable safeguard against the decreasing dollar value. Gold’s performance during past recessions highlights its role as a reliable store of value. Bloomberg Senior Commodity Strategist, Mike McGlone predicts that the price of gold will soar to $3,000 an ounce and up to $7,000 in the next few years.
With the coming election and the escalating political climate, now is the time to protect your wealth and your retirement savings. Every day United Gold Group helps clients like you move their money into Gold, safeguarding it against risk and inflation.
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