If there was ever a definitive point to capture and secure stock market profit, now is that time. The Dow is still toying with a potential new high, on a daily basis. It’s exciting, it’s invigorating, and it’s completely SUICIDAL!!! September is right around the corner and so is the ten year anniversary of the 2008 meltdown. As advertised, the Trump Administration has incinerated the Iran Deal, much to the chagrin of many. Additionally as advertised, NAFTA too has been done away with, even though of the six points that mandated the renegotiation, none have been modified in any way. And finally, having made headway with China, Russia, and North Korea it’s time for the Administration to implement Phase 2, that being to rattle our saber again, then ignore them, and hope they go away. That’s what we’re doing, but what’s really going on in the rest of the world?
You won’t hear about it from the media, but there’s a lot going on. For example, Russia sold and is installing their S-400 defensive missile system in Saudi Arabia and China now has more than twenty countries trading for oil, at the Shanghai Energy Exchange, without using U.S. dollars. Though not mentioned in the media, these two events effectively negate the protection created during the 70’s that confirmed the dollar as the premier global reserve currency. If that’s not enough, then it’s important to realize that the International Monetary Fund has been holding private meetings to discuss issuance of a “One World” currency. It has become overly apparent, that the world is no longer thrilled, with the stewardship of United States currency.
What I discussed in the first paragraph explains why existing adversaries are eager to reduce the U.S.’s world power status. The second paragraph explains why the dollar could be on the verge of a total collapse or simple replacement. And now we can talk about our “allies.” Simply put, we cut a deal with Mexico and left Canada out in the cold. We told NATO to pound sand and fund themselves, because we’re tired of doing it. So, France quickly put a call out to EU members, for a security discussion and Russia was invited. In summary, we have successfully annoyed our adversaries, put our currency in ultimate peril, then insulted and ignored our allies. It’s been a busy year and it’s only August.
This bull market is all out of steroids. In 2008, some of the greatest damage done was to those last-minute loaders who had to squeeze that last ounce of life from the stock market. Precious metals are the best protection from all of the maladies described in this article. Combine that with the fact that gold is more than 30% below its high and silver is more than 65% below its high. Both have plenty of room to run. Last but not least, silver hit the 80:1 gold to silver ratio three times in its history. Soon after each, silver rallied 30%, 133%, and 15% respectively. Today, gold closed at $1,200.65 per ounce and silver closed at $14.714 per ounce. That’s 81:1! Call the experts at American Bullion at (800) 653-4653. Protect your portfolio and your legacy, but no matter what, don’t get caught without a chair when the music stops!