The Patriot Gold Group Sees Record IRA Applications As Stock Markets Show Signs Of Crash

LOS ANGELES, Nov. 6, 2018 /PRNewswire/ -- Already a year in which U.S. stock indices have reached record highs and during the month of October surrendered all gains for 2018, investors have a legitimate reason to be weary of their wealth connected to stocks, bonds or real estate. 

Jack Hanney, CEO and Senior Partner at Patriot Gold Group stated, "The New York Federal Reserve did a study, if it weren't for The United States' Federal Reserve Bank artificially suppressing interest rates to zero and quadrupling our money supply the DOW and the S & P would be 50% lower.  Thusly with The FED raising rates and enacting a tightening of the money supply rather than a loosening there ought to be concern in the overvalued stock market because this has never been done before."  

The fallout of market turmoil will likely not be contained to the United States. Despite weakening economic momentum and volatile financial markets, a second systemically important central bank, the European Central Bank, reiterated its intention to stop using large liquidity injections to support economic activity and asset prices.  In other words cheap easy money has all but dried up. 

The European Central Bank's signals reinforce those that the Federal Reserve has been sending for a while now. Despite weakness in housing, historically an indicator of cyclical trends for the U.S. economy, and notwithstanding complaints by President Donald Trump, top Fed officials continue to leave no doubt of their intention to further hike interest rates while reducing the bank's balance sheet. Moreover, this Fed team, unlike its predecessors, is less inclined to resort to soothing words to calm unsettled markets.

With a surge in both IRA and 401(k) applications into gold and silver backed investments, the PGG CEO went on to say, "We have the highest number of IRA applications in process since our inception due to our unprecedented NO FEE FOR LIFE IRA and the opportunity to roll out of paper denominated assets and stocks at all-time highs and into Gold & Silver, safe haven assets at multi year lows all the while paying NO fee's for the life of your IRA."

Interested parties are invited to call Patriot Gold Group at 800-974-4653 (GOLD) to begin a free, comprehensive evaluation of the firm's gold and silver-backed IRA portfolios.

Patriot Gold Group (www.patriotgoldgroup.com) is a nationwide investment group with more than 30 years of precious metals investing experience. The company was established in 1986 and is rated the top IRA Gold Dealer in 2015, 2016, 2017 by Consumer Affairs and rated 5 stars by TrustPilot. Patriot Gold Group is a proud member of the Business Consumer Alliance.

SOURCE Patriot Gold Group

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