LOS ANGELES, Sept. 14, 2021 /PRNewswire/ -- Goldman Sachs issued a dire warning that "this is starting to look like the "Riskiest Debt Limit Deadline in a Decade". Of the 10 largest U.S. fiscal stimulus packages of all time 5 of them took place in 2020 & 2021. "Beginning with the Coronavirus Aid, Relief and Economic Security Act in 2020, Congress followed up with a second Covid Relief Stimulus in 2020 the American Rescue Plan of 2021, the Infrastructure Investment and Jobs Act 2021 and eclipsing those four (4) by a mile is the Build Back Better, Infrastructure and Jobs Act 2021" according to Jack Hanney C.E.O. of Patriot Gold Group. "Larry Summers forewarned Americans "I'm concerned that what is being done is substantially excessive."
Just two weeks ago Former Fed Official, Don Kohn warned of an "urgent" threat of another financial crisis in Jackson Hole and Lisa Stanley, chief investment officer of Morgan Stanley warned "stocks may fall 15% by years end" & pointed out "the issue is that the markets are priced for perfection and vulnerable, especially since there hasn't been a correction greater than 10% since the March 2020 low." The WSJ warned "Investors are ignoring the parallels between stocks today and the "heady years" of 1929, 1999 & 2007." Jack Hanney goes on to add "what concerns me is not only the spending but how Democrats plan to pay for their multi trillion-dollar legislation with proposed tax hikes that are the largest we've seen in a generation."
Jack Hanney goes on to say "according to reports about seasonality of Gold & Silver entering their best performing months we also have to take into context reports about "Stock Market Investors staring down the barrel of the seasonal weakness for next 3 months" according to the Wall Street Journal. "It's the most unfavorable time of the year when it comes to Stock Market seasonality" according to Renaissance Macro Research.
Last month Palantir Technologies made headlines with their $50.7M investment into Gold. According to their President & COO "You have to be prepared for a future with more Black Swan events" Big Tech companies have been making headlines with their investments in alternative asset classes and out of U.S. Dollars that has raised eyebrows that maybe their visionary, innovative thinking is being applied to investments.
Wells Fargo raised their 2021 price target to $2,200 an ounce and stated, "Gold's Strongest Price Rally Is Coming" as "gold supplies have flipped from excessive to deficient" Ex Managing Director of JP Morgan Jon Deane stated, "We are sitting on an economic cliff" and that "Gold will be well north of $2,000 an ounce this year" Deane goes on to say "We are already seeing inflation. If you look around the world, you see real estate prices, building supplies, and services skyrocket, what we created since the early 1990's is an entire financial infrastructure relying on debt and we have accelerated that dramatically in our response to managing the Covid-19 crisis."
Deane forecasts Silver to be between $35 - $40 and ounce and Bloomberg Intelligence and Saxo Bank raised their silver forecast to $50 an ounce in 2021 based on the excessive money printing and Biden's commitment to renewable energy.
With the "Debt Ceiling Limit" fast approaching and Palantir warning of "Black Swan" events one has to ask themselves "Are you prepared for a future with more Black Swan events?"
Patriots Serving Patriots Announces Fee Reimbursement "Inflation Protection" on Many Retirement Options Ahead of October 15th 2021
Patriot Gold Group is introducing the "2021 Inflation Protection America First IRA" with our NO FEE FOR LIFE IRA for qualifying IRAs. Patriot Gold Group is lowering the minimum requirement for our NO FEE FOR LIFE IRA and waiving fees for dedicated, secured, and insured storage of your safe-haven assets, in addition to waiving the cost of registered and insured shipping to your home so that you—a fellow American—have one less thing to worry about. Patriot Gold Group is also waiving most fees on IRA accounts opened through October 15th 2021.
Call the Patriot Gold Group at 800-974-4653 (GOLD) for exclusive details about our incentives, or if you simply have questions regarding current market performance. We're here to help, be of service, and adhere to that altruistic principle that made Consumer Affairs recognize Patriot Gold Group as the Top IRA Gold & Silver Dealer nationwide for an unprecedented five years in a row (i.e., 2016–2020).
About Jack Hanney Jack Hanney is the CEO & Co-Founder of Patriot Gold Group, and a nationally sought-after financial speaker and guest. Recently featured on Fox Los Angeles Good Day LA, OANN, and FOX23 Tulsa, he was interviewed about his insights regarding the global health crisis and its impact on the economy, and he accurately forecasted the challenges in re-opening the economy, mortgage delinquencies, and the subsequent turn in the market. Here: FOX INTERVIEW JACK HANNEY
About Patriot Gold Group Patriot Gold Group (www.patriotgoldgroup.com) is a nationwide investment group with more than 50 years of precious metals investing experience. The company has been rated the Top IRA Gold & Silver Dealer by Consumer Affairs for an unprecedented five years in a row (i.e., 2016–2020), is A+ Rated with the Better Business Bureau, has earned a 5-star TrustPilot rating, and has been endorsed by political consultant and New York Times Best-Selling Author Dick Morris.
SOURCE Patriot Gold Group