Coronavirus Ignites Fastest Market Drop in History – 5 Staggering Risks for Retirement Savers
Protect yourself from these economic dangers.
For $100,000 IRA/401(k) portfolios & up…
In an economic crisis, you might expect to have
a gentler landing than people with lesser savings.
But when a
“black swan” event like the coronavirus hits like a bullet train, you
would be wrong about your gentle landing.
This kind
of crisis gives you NO time to prepare. The same could happen if…
The U.S.-China trade war explodes
A U.S./Iran war unexpectedly launches
A Democrat unexpectedly wins over Trump
Something is going to break the camel’s back.
The
following 5 very real risks related to the coronavirus should worry you
enough to start fighting back now, before it’s too late.
1. The S&P 500 fell more than
10% in just 6 trading days. “Speed of the decline over the
past week even beats Black Monday in October 1987.”1
-- Torsten Slok, chief economist at Deutsche Bank
2. The Fed instituted an emergency interest rate cut to combat the
virus’s fiery economic effects. “Risks to the U.S.
outlook have changed materially.”2
-- Jerome Powell, Federal Reserve Chairman
3. The
virus is “biggest danger to global economy since the financial crisis … as supply chains and commodities are hit, tourism drops and confidence
falters.”3
-- Organization for Economic Co-operation and Development (OECD)
4. Economic growth in China, the world’s 2nd-largest
economy, has dropped to its “weakest since at least 1990 when comparable
records began.”4
-- Reuters poll of 40 economists based around the world
5. Oil prices have plummeted by 30% in a month. “Global demand growth
for oil will be essentially zero in 2020, failing to rise for the first
time since the financial crisis [of 2008].”5
-- FGE, respected energy consultancy, reported in Financial Times
All of this
is crashing traditional asset value in retirement portfolios.
But bad economic news can be very good for physical gold.6 It’s a great hedge.7 Records show, when the dollar has dropped, gold
has soared.
If you have an IRA/ 401(k) of $100,000 & up,
I’d like to invite you to get Augusta’s Gold IRA Guide and find out more.
I’m Devlyn
Steele, Augusta’s senior economic analyst. In this guide, I offer shocking behind-the-scenes information about the economy to teach you disturbing
facts about the global economic effects of the coronavirus and what’s happening
right now. We will also discuss other serious threats to your money –
and how to use physical gold to fight back.
The free
guide is exclusive to those with 100,000
dollars or more in retirement accounts right now.
Augusta customer, Joe Montana, with senior economic analyst, Devlyn Steele.
Feedback on the guide has been very positive & demand is high. Don’t miss this opportunity to be included!
Hall of fame quarterback Joe Montana became a customer
after he saw this same guide. He said the information “opened his eyes.” Please
learn from his example.
>> Get your Gold IRA Guide here NOW.<<
(No cost, no obligation!)
Sincerely,
Devlyn Steele
Senior Economic Analyst
Augusta Precious Metals
P.S. Your savings is at extreme risk! Evidence
shows the next financial crisis could be big. If you have 100,000 dollars in an
IRA/401(k), we’ll show you how to protect yourself.
Get the guide now to learn how to protect your retirement BEFORE the next financial crisis.
P.P.S. Another reason to own gold: The IRS
“loophole” that allows gold IRAs means you can roll over your retirement
savings tax- & penalty-free, with no management fees, unlike traditional
assets.
1 Bloomberg.com. “We Just Witnessed The Fastest
Stock Market Correction on Record.” https://www.bloomberg.com/news/articles/2020-02-27/we-just-witnessed-the-fastest-stock-market-correction-on-record. Accessed
3/9/20.
2 CNBC. “Powell says the Fed saw ‘a risk to the
outlook for the economy and chose to act.’ https://www.cnbc.com/2020/03/03/powell-says-the-fed-saw-a-risk-to-the-outlook-for-the-economy-and-chose-to-act.html. Accessed
3/9/20.
3 OECD Economic Outlook, Interim Report March
2020. “Coronavirus: the world economy at risk.” http://www.oecd.org/economic-outlook/. Accessed
3/6/2020.
4 Reuters “Daily Briefing: Virus victim count rises – and so do
global stocks..” https://uk.reuters.com/article/friday/daily-briefing-virus-victim-count-rises-and-so-do-global-stocks-idUKKBN20811T?utm_source=Facebook&utm_medium=Social&fbclid= IwAR03WVVYkG1PO8emTVlu64QzAxSnXJE0ju5DRtXTzfBorGGMiJ5PbHm8Cuk. Accessed 3/9/2020.
5 Financial Times. “Oil market faces up to the grim implications of
coronavirus.” https://www.ft.com/content/a36fdb72-58a0-11ea-a528-dd0f971febbc. Accessed
3/6/2020.
6 Forbes. “Get
Ready for a Weaker U.S. Dollar…And Stronger Gold” https://www.forbes.com/sites/greatspeculations/2019/07/31/get-ready-for-a-weaker-u-s-dollar-and-stronger-gold/#c40415d2c7db. Accessed 3/6/2020.
7 Forbes. “How
Gold Outperformed Stocks During The Last Recession.” https://www.forbes.com/sites/johnnavin/2018/11/06/how-gold-outperformed-stocks-during-the-last-recession/#3b305d9a2de9. Accessed 3/6/2020.