Happy Friday everyone!
Wow, another week absolutely flew by…and that means it’s time again for our weekly PRECIOUS METALS REPORT courtesy of my friend Ira Bershatsky.
As always, my standard disclaimer: Not personalized financial advice, but this is the quality of insight and macro analysis that people pay big money for…and thanks to Ira, I’m pleased to be able to share it was all of you.
Is “stagflation” back?
It’s the worst of the worst…
There are strategies you can employ for inflation and strategies you can deploy for deflation, but stagflation? It’s nasty.
And the markets are sending up massive warning signs!
My friend Ira Bershatsky explains more in this week’s Precious Metals Update:
On Wednesday, the Fed’s Beige Book report was released. What is the Beige Book? It is a report that the FED publishes eight times per year and is an anecdotal report of economic conditions in the Federal Reserve 12 districts. It is compiled from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources.
This most recent report indicated a slowing economy with small price increases.
Slowing economy? Price increases? Jimmy Carter stagflation is back! This could be why the FED lowered interest rates by one half a percentage point at their last Federal Open Market Committee (FOMC) meeting.
The equity indices, gold, and silver were all on their lows of the day when the report was released and within a few minutes each of them rallied off of their lows indicating that the FED could possibly cut interest rates again at their November meeting. The markets like lower interest rates.
On Thursday, the S+P Flash Purchasing Manager’s Index (PMI) for October was released showing a slowing economy and moderating prices. Stocks were mixed on the news and gold and silver rallied and the price rally has continued into this morning.
Buy metals on the dip or on the momentum.
Until next time…
As always, I can’t tell you what to do and I certainly can’t provide personalized financial advice for anyone.
But as for me personally?
I sleep better at night knowing I own Gold, Silver and Crypto (especially Bitcoin and XRP).
Focusing just on Gold and Silver, it’s important to have a trusted dealer you work with.
I know many of you are already familiar with Ira Bershatsky, but for those who don’t know him, you can find Ira and his company, Advisor Metals, over at WLT Precious Metals.
I have personally sent family members to Ira for 5-figure purchases of Gold and Silver and he treated them like royalty. They were very pleased.
That’s how much I trust Ira.
No one has a crystal ball for the markets, but I trust Ira’s ethics and morals and customer service implicitly. I always hear glowing reviews!
I didn’t tell him I was sending them over either (and these particular family members have a different last name) so I did it as a bit of a “secret shopper” test and Ira passed with flying colors.
Of course I knew he would.
That’s why I work with him and that’s why I have confidence telling you about him.
Ira can handle bulk purchases of bullion, coins, whatever you want.
All custom ordered and shipped right to your door.
A lot of people love Bullion because its the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.
The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you’ll know you’re in the right place.
You’ll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.
How about that!
You don’t see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:
No sales pitch, just real, actual help.
And the best prices you will find.
Here’s the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back. Just be patient.
Good things come to those who wait!
You can contact Ira and WLT Precious Metals here.
Ira can also help you if you want to purchase Gold and Silver in your IRA.
I mean, his name is Ira, after all, OF COURSE he can help you purchase in your IRA account.
The thing I love about purchasing in your IRA account is you can do it with no money out of pocket. You just take money already in the IRA account, perhaps in stocks or bonds or other investments, and you can shift it into Gold and Silver.
Again, I’m not your personalized financial advisor, I’m just explaining how it works.
And it’s REALLY cool.
So even if you’re saying times are tough right now, I don’t have a lot of spare money to shift into Gold and Silver, you might have a golden opportunity (pun intended!) already sitting there in an established retirement account.
I’ll be back next Friday with another Precious Metals Report update from Ira.
Until then….
Noah out.
This is a Guest Post from our friends over at WLTReport.
