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There has always been a very wide gap in how younger and older Americans handle their money. It isn’t just in day-to-day expenditures. Retirement accounts such as 401K are sometimes an afterthought for those who have been in the workforce for two decades or less while it’s at top of mind for those who are getting closer to retirement age. As a result, younger workers often keep their portfolios in markets that can offer greater returns at greater risks while older workers or those who have retired often accept lower returns at minimized risks.
Today, it seems like more and more younger Americans are abandoning risky markets and moving their retirement accounts and portfolios to safer harbors. This is good for the individual but can be bad for the overall economy as money that has always helped drive the stock market and other investment types is being pushed to investments like physical precious metals. One Wall Street analyst who declined to be identified told me she’s never seen so much “new money” leaving the markets in her four decades in the industry.
The precious metals market has always been considered ideal for older Americans with their investments and retirement. The returns are steady and the risks are generally considered to be lower than having money tied up in the markets. It behooves those who want to protect what they’ve accumulated to move some or all of their investments into gold and silver, but over the past few months we’ve seen the ranks of younger Americans joining their older fellow citizens in jumping to precious metals.
Jonathan Rose from Genesis Gold, a Christian precious metals company, joined me again today to discuss this phenomenon. Is it just that the Biden-Harris economy is so bad, fewer people are wanting to stay in riskier markets? There’s actually more to it than that. I asked Mr. Rose about inflation, how interest rates are affecting Americans’ wealth and retirement, and what we can expect in the months and years to come.
The red wave that should be coming on Election Day will almost certainly have limited effect on the economy itself. Republican majorities will be able to slow the bleeding, but unless they can miraculously win super-majorities in both chambers that would allow them to overturn presidential vetoes, they will not be able to pass significant economic bills that become low. This is just another reason precious metals are becoming more popular to those who want to ride out the storm.
Mr. Rose explained that one of the most popular moves he’s seen lately is for those who have 401K accounts from previous employers to roll over those accounts into a Self-Directed IRA. This works at any age; sometimes even those who are in their 30s or 40s had accumulated substantial 401K accounts from past jobs and they’re ready to move that money to protect it from the Biden-Harris regime’s fiscal carnage.
For people under the age of 55, which has traditionally been a turning point for portfolio investment changes, to be moving money now does not bode well for the stock market or correlated investments. Wall Street needs “new money” flowing in for the system to operate well during a robust economy. During a down economy with high inflation and risks of recession, this phenomenon could be a death knell. Add to that the food shortages and energy crises that appear to be on the horizon and it’s abundantly clear why even those who have their whole professional lives ahead of them are “taking a break” by moving their money into precious metals.
As I often mention on my shows, I’m not fatalistic about the economy. I’ve been keeping my finger on the pulse of what the powers-that-be in the globalist elite cabal have been planning for us financially, and while things may seem very dire today, I’m also seeing indications that their machinations are falling short. Americans are tightening up their budgets appropriately, and while personal debt is at an all-time high it seems that general frugality is on the rise as well. I may be wrong but I believe the economic turmoil the cabal planned and initiated has not yielded the degree of collapse that they’d hoped to see. Perhaps I’m just being optimistic, but I do not see a full-blown economic collapse as likely in the next two years. We will have hardships, which is why precious metals make so much sense, but that doesn’t mean everyone’s buying bunkers in Montana and filling them with food, ammunition, and as many silver coins as they can purchase.
In other words, we’re not freaking out yet as a nation and that’s a good thing. Unlike ringing the alarm bells about such problems as the border invasion, Chinese takeover of American lands, Pandemic Panic Theater, or LGBTQIA+ supremacy, our economic woes do not require constant badgering about how bad things can get. We have to fight the various plans of the cabal head-on, but the economy is a different beast. Sentiment drives reality with the economy, so fearmongering can often turn into a self-fulfilling prophecy.
Be cautious. Be smart. But don’t panic. That’s the beauty of precious metals. If an economic collapse is avoided, gold and silver are still smart money. If an economic collapse comes, gold and silver are the smartest money.
Contact Jonathan over at Genesis Gold today if you’d like to move your wealth or retirement to precious metals. It’s the only Christian-operated America-First precious metals company we’ve found.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
