“I’m voting for Trump but I know even he can’t fix inflation or cost of living overnight,” said Cassie L., a new client for faith-driven precious metals company Genesis Gold Group. “My husband and I feel much better about our life’s savings being backed by silver and gold even if Trump wins, and God help us if he doesn’t.”

Analysts continue to raise their projections for precious metals even as prices sit near record highs. There will be a jarring effect on the economy regardless of who wins in November and nobody knows how much of an impact it will have on IRAs, 401(k)s, and other retirement accounts. This is why so many Americans are rolling over or transferring their life’s savings into Genesis Gold IRAs.

“It’s the U.S. debt that concerns me the most,” said Fletcher R. from Rhode Island. “Neither candidate has offered a plan to cut the deficit and even if Trump makes smart moves we’re still looking at a very long road to recovery.”

Fletcher noted that he, too, is voting for Donald Trump next month. He said that Trump’s first term made gold and silver rise sharply and that was when the economy was looking stronger than it’s ever been.

But there’s more than just history backing a pre-election move for retirement accounts. If a Trump win is matched by GOP control of the House and Senate, Central Banks and governments worldwide will push harder to implement CBDCs.

“I want Trump’s fiscal policies but I know China and others will not be happy,” said Genesis Gold Group client Wendy D. “I contacted Genesis because our enemies would want nothing more than to hurt our economy as much or more than they’ve done under Kamala. The difference is he’ll try to stop them but Kamala will hand them keys to the backdoor.”

Recent Gallup polls indicate the economy is the most important issue for voters in 2024 after falling to #2 on the list in 2020 when Covid was the top concern. Among subcategories, retirement protection was second only to inflation as the biggest economic issue.

A Trump victory will help gold and silver prices rise according to most top-tier analysts, but a Harris victory could make precious metals skyrocket.

“I’ve always said you don’t wait to buy gold, you buy gold and wait,” said Jonathan Rose, CEO of Genesis Gold Group. “That perspective has never been more true than this final month before the presidential election.”

Americans who want to defend their retirement can receive a detailed roadmap by requesting Genesis Gold Group’s Wealth Protection Guide.

2024 has been the year of regular citizens making the same move. This year also marked the launch of the first gold and silver “utility bars” being minted in the United States. The Prepper Bar has been making waves since its summer launch and is now eligible to be including in a Genesis Gold IRA.

The question for Americans is whether to buy Prepper Bars with cash to put them in their safes and wallets or to include them in their retirement accounts to secure their future.

“We’ve seen a dramatic spike in interest this month, likely because the election is around the corner,” said Jonathan Rose, CEO of Genesis Gold Group, the exclusive distributor of Prepper Bars. “Some are just buying them with cash while others include them in tax-free rollovers or transfers of their retirement accounts.

“More and more, we’re seeing people do both. They’re having some shipped to their homes while putting some in their Genesis Gold IRA depositories.”

Because Prepper Bars are divisible into 19 sections and have unique utility, they can hold value better than coins, standard bars, or jewelry. They are the size and shape of a credit card, making them easily transportable in a wallet. In times of crisis, their usefulness is self-evident as they can be easily liquidated or used for barter.

But what about the Prepper Bars stored in a Genesis Gold IRA? Can they be just as useful?

“Our special relationship with the depositories allows our clients to rapidly accept physical distributions in a matter of days, not weeks or even months like other firms,” Rose said. “Our IRA clients have benefited greatly because we’re not only the exclusive distributor of Prepper Bars, we’re also the fastest at getting gold and silver into their hands when they need it most.”

As a faith-driven gold company, Genesis focuses on integrity, service, and stewardship. It makes sense that they would be selected as the sole distributor of a commodity as useful as the Prepper Bar.

Would you like your Prepper Bars shipped to your home, safeguarding your retirement, or both? Reach out to Genesis Gold Group to learn more.

Gold’s ascent toward $3000 an ounce was interrupted last month when China’s central bank halted its purchases. However, a survey of 70 central banks conducted by the World Gold Council (WGC) indicates robust future buying. None of the respondents foresee a decline in central bank purchases, with 81% anticipating an increase.

“China broke its 18-month gold-buying streak in part to basically ‘pump the brakes’ because prices have been skyrocketing,” said Jonathan Rose, CEO of Genesis Gold Group. “But more importantly they were testing resilience and control to see if their actions would cause prices to plummet, which they didn’t.”

Central banks significantly influence gold prices, with last year’s purchases nearing record levels. Despite private investors selling off in Q1, May saw a reversal, with ETF holdings rising.

Private buyers might bolster prices further, particularly if U.S. interest rates fall. The WGC survey revealed a strong expectation of increased gold reserves in central banks over the next five years. The motivations include strategic rebalancing, economic concerns, and geopolitical instability.

“We often disagree with the way central banks acts, but their motivations are aligned with our customers right now,” Rose said. “The central banks are hedging their investments because they are worried about turmoil tanking economies. Our customers feel the same concerns which is why they’re rolling over or transferring their retirements to physical precious metals.”

Genesis Gold Group specializes in taking old or current retirement accounts and moving them into Genesis Gold IRAs. This “safe haven” approach is becoming more popular as financial strife spikes across the country and around the globe.

The difference between individual investors and central banks as it pertains to gold is that with central banks, they have some degree of control over prices. As they push for Central Bank Digital Currencies, all eyes are on the U.S. Dollar and moves being made by BRICS nations. These factors suggest central banks will continue to play a crucial role in the gold market amidst ongoing global tensions and economic challenges.

Request the free, definitive gold guide from Genesis Gold Group today.

One company stands out from the crowd for two reasons. Genesis Gold Group is a faith-driven company named after the first book of the Bible. As such, they operate with the mission of helping Americans maintain proper financial stewardship.

The other reason they stand out is because the faithful principles that drive them translate into doing business very differently from other gold companies. They hold their principles above profits which means Genesis Gold Group is compelled to protect their clients’ retirement portfolios through honesty and integrity.

Here are three secrets about the precious metals industry that other companies don’t want you to know…

No Price-Gouging With “Free” Silver Offers

One of the dirtiest little secrets in the precious metals industry is that nothing is truly free. Many if not most companies offer “free” silver to their customers. To do this, they raise the prices of the metals they sell their customers. Unfortunately, this price gouging often means they charge far more than the $5,000 or $10,000 in silver that they are giving away for “free.”

Genesis Gold Group prices directly and transparently. They do not offer free silver even though it’s a great marketing ploy because to do so would be to act dishonorably. Instead, they simply offer their products straight up with no gimmicks.

A Proper Mix of Metals With Retirement in Mind

Another dirty secret in the industry is that most companies only offer high-profit coins and bars for their IRAs. Numismatic or collectible coins are popular because they have a strong potential for appreciation, but they also make gold companies the highest profits.

This is fine for those who do not plan on touching any of their retirement for the next couple of decades, but it’s not ideal for those who plan to use parts of their retirement before then or who will be required to take distributions in the near future. An all-numismatic IRA is also unfavorable should emergencies arise.

Genesis Gold Group works with their clients to craft the best mix of metals to fit their individual needs. This means having numismatic, bullion, and utility metals that have different advantages to fit the various scenarios their clients may experience in the future.

FOMO Sells

FOMO, or Fear Of Missing Out, is wielded like a sword by precious metals companies. It can manifest as a “loophole” the companies allegedly know about that others do not. It can be a special, “secret” government program that’s about to end any day now. It could even be the insinuation that precious metals are going to go through the roof very soon based on “insider” information these companies pretend to have.

Genesis Gold Group does not operate out of FOMO. Their educational approach focuses on understanding their clients’ needs and offering their expertise to help meet them. Being good stewards means Genesis Gold Group refuses to utilize high pressure sales tactics or fearmongering.

Reach out to Genesis Gold Group today to receive a free, definitive gold guide. They help Americans everyday to protect their life’s savings with physical precious metals.

One company stands out from the crowd for two reasons. Genesis Gold Group is a faith-driven company named after the first book of the Bible. As such, they operate with the mission of helping Americans maintain proper financial stewardship.

The other reason they stand out is because the faithful principles that drive them translate into doing business very differently from other gold companies. They hold their principles above profits which means Genesis Gold Group is compelled to protect their clients’ retirement portfolios through honesty and integrity.

Here are three secrets about the precious metals industry that other companies don’t want you to know…

No Price-Gouging With “Free” Silver Offers

One of the dirtiest little secrets in the precious metals industry is that nothing is truly free. Many if not most companies offer “free” silver to their customers. To do this, they raise the prices of the metals they sell their customers. Unfortunately, this price gouging often means they charge far more than the $5,000 or $10,000 in silver that they are giving away for “free.”

Genesis Gold Group prices directly and transparently. They do not offer free silver even though it’s a great marketing ploy because to do so would be to act dishonorably. Instead, they simply offer their products straight up with no gimmicks.

A Proper Mix of Metals With Retirement in Mind

Another dirty secret in the industry is that most companies only offer high-profit coins and bars for their IRAs. Numismatic or collectible coins are popular because they have a strong potential for appreciation, but they also make gold companies the highest profits.

This is fine for those who do not plan on touching any of their retirement for the next couple of decades, but it’s not ideal for those who plan to use parts of their retirement before then or who will be required to take distributions in the near future. An all-numismatic IRA is also unfavorable should emergencies arise.

Genesis Gold Group works with their clients to craft the best mix of metals to fit their individual needs. This means having numismatic, bullion, and utility metals that have different advantages to fit the various scenarios their clients may experience in the future.

FOMO Sells

FOMO, or Fear Of Missing Out, is wielded like a sword by precious metals companies. It can manifest as a “loophole” the companies allegedly know about that others do not. It can be a special, “secret” government program that’s about to end any day now. It could even be the insinuation that precious metals are going to go through the roof very soon based on “insider” information these companies pretend to have.

Genesis Gold Group does not operate out of FOMO. Their educational approach focuses on understanding their clients’ needs and offering their expertise to help meet them. Being good stewards means Genesis Gold Group refuses to utilize high pressure sales tactics or fearmongering.

Reach out to Genesis Gold Group today to receive a free, definitive gold guide. They help Americans everyday to protect their life’s savings with physical precious metals.

The upcoming presidential election has prompted a rush for physical gold and silver as many Americans try to secure their finances regardless of the election results. The general sentiment is that if Trump wins, then there will be manufactured turmoil that could challenge infrastructure and damage the various markets.

If Kamala Harris wins, the economy could be on the brink of collapse very quickly.

“Most of our clients do not want a continuation of the Biden-Harris policies,” Rose said. “The current administration has caused instability to the point that even when markets are high there are concerns about whether they’re strong enough to counteract inflation.

“A buck today doesn’t buy what a buck bought yesterday.”

Genesis Gold Group is a faith-driven, unabashedly pro-American precious metals company. They believe in physical precious metals as the most sound way to be proper financial stewards, especially in such turbulent fiscal times. Their “Genesis Gold IRA” is unique in the way it helps Americans put the best mix of metals into their retirement accounts, whether they come through tax-deferred rollovers or transfers.

Getting ahead of the election is a primary focus for the company today. Both gold and silver prices have been projected by many economists to rise regardless of the winner, which is a departure from previous norms.

“In the past, Democrat wins meant higher gold prices and Republican wins meant lower, but things are very different today,” Rose said. “Lest we forget, gold skyrocketed during Trump’s first term and the threat of turmoil being manufactured if he wins again means a second term will likely be even better for precious metals prices.”

If Harris wins, most believe gold and silver will go through the roof.

With central banks across the globe buying up as much gold and silver as they can afford, plus most nations increasing their own gold reserves, it seems like the powers-that-be are prepared for skyrocketing prices as well.

Genesis Gold Group offers a free, definitive gold guide to help Americans concerned about their retirement accounts. Contact them to learn how they can secure your wealth with physical precious metals.

The sell-off was triggered by a dismal jobs report showing the US unemployment rate rose to a near three-year high in July. This sparked fears that the Federal Reserve may need to slash interest rates more aggressively than planned to prevent a severe recession.

Major US indices had already fallen the previous day after a raft of disappointing economic data. The declines were compounded by sharp drops in stock markets across Europe, Asia and Japan.

Economists now expect the Fed to cut rates by at least 1.25 percentage points by year-end, starting with a half-point reduction in September. This would make it cheaper for households and businesses to borrow, but the full impact may take months to filter through.

The grim economic outlook has battered retirement savings, with 401(k)s heavily invested in equities.

“The Fed is under pressure from all sides right now to get this right and I’m not confident they will,” said Jonathan Rose, CEO of Genesis Gold Group. “Our phones started ringing off the hook on Friday as Americans started moving their retirement accounts into physical precious metals.”

The sell-off comes amid concerns the Fed has waited too long to pivot on monetary policy. Investors are now panicking that the central bank is behind the curve on rate cuts.

In Asia, Japan’s Nikkei suffered its second-worst point drop ever, tumbling 5.8%. Other regional markets also fell sharply on worries over slowing global growth.

The rollercoaster week in markets came despite central banks in Japan, the US and UK acting largely as expected. But investors are increasingly anxious that high rates could tip economies into recession.

“It’s really a no-brainer with the current state of affairs in America for retirees to want their life’s savings backed by precious metals instead of the volatile markets,” Rose continued. “Our focus on integrity and transparency is why clients tend to work with us over other gold companies.”

Genesis Gold Group is a faith-driven precious metals company. Their open and honest approach to rollover or transfer retirement accounts into a Genesis Gold IRA streamlines the process. As a result, mature Americans can defer taxes while seamlessly moving the money in their retirement accounts into the “safe haven” of physical precious metals.

This is becoming extremely important as market volatility rises. The outlook remains highly uncertain, with much riding on the Fed’s next moves. For now, markets seem braced for further turbulence ahead.

A growing number of retired Americans are considering returning to work as they continue to battle chronic inflation, according to a new survey published by the Motley Fool.

About 44% of respondents said they are thinking about looking for work because their Social Security benefits have not adequately kept pace with high inflation.

Needless to say, trying to go back to work in your seventies, eighties or nineties is not an easy thing to do. But if you have to choose between going back to work or not eating three meals a day, I think that the choice is easy.

Today, the average Social Security payment is less than half of what the average retired American spends each month…

The average monthly Social Security payment in 2024 is $1,907, according to the Social Security Administration. But that is just a fraction of the $4,818 that Americans age 65 and older reported spending in 2022.

Of course the current economic environment has been very difficult for all of us.

If you can believe it, compared to three years ago the typical household in this country is spending an extra $1,069 per month just to maintain the same standard of living…

The typical U.S. household needed to pay $227 more a month in March to purchase the same goods and services it did one year ago because of still-high inflation. Americans are paying on average $784 more each month compared with the same time two years ago and $1,069 more compared with three years ago.

Sadly, the cost of living is only going to get worse because our leaders just can’t help themselves.

At this point, our politicians in Washington have borrowed so much money that we are spending more than a trillion dollars a year just in interest on the national debt. In fact, we now spend more on interest on the national debt than we do on national defense.

But instead of slowing down, our politicians just continue to borrow and spend trillions upon trillions of dollars. So inflation is not going away any time soon.

Meanwhile, the number of home foreclosures was up once again last month…

Home foreclosures rose again in May as Americans continue to grapple with the ongoing cost-of-living crisis.

That is according to a new report published by real estate data provider ATTOM, which found that there were 32,621 properties in May with foreclosure filings, which includes default notices, scheduled auctions and bank repossessions.

That certainly isn’t a good sign.

Needless to say, there have been lots and lots of troubling signs for the economy lately…

In addition to the conflicting rise in unemployment, other signs of deterioration include stagnant retail sales, a slowing of consumer spending, weak industrial production and manufacturing orders, increasing consumer debt, depressed new housing starts, falling annual earnings of full-time employees, and rising commodity prices.

To many of those at the bottom of the economic food chain, it feels like the economy has already collapsed.

Today, 20 percent of the entire population of California is living in poverty, and massive homeless encampments have sprouted all over the state.

Unfortunately, many more Americans will soon be joining the ranks of the poor because the economy is rapidly moving in the wrong direction.

The outlook is so bleak that even Walmart is closing down stores…

Walmart has decided to close three more stores across the US, bringing this year’s total number of failed locations to 11.

The retail giant said these three stores – located in Georgia and Colorado – underperformed financially.

And we just learned that more Pizza Hut locations are being permanently shuttered…

Pizza Hut shuttered 15 locations in Indiana on Friday while more than 120 additional locations are in danger of closing, according to a report from The Times of Northwest Indiana.

The latest closures come after a long-running dispute between the chain and a franchisee. EYM Group, which owns and operates 142 Pizza Hut locations in Illinois, Indiana, Georgia, South Carolina and Wisconsin, was accused of defaulting on millions of dollars in payments owed to Pizza Hut by a June deadline.

A new economic crisis has already begun, but it is going to get so much worse during the months and years that are ahead of us.

As we approach the end of this calendar year, we will want to keep a very close eye on the global financial system.

There have been a number of ominous signs lately that should definitely alarm all of us.  Most notably, the fifth largest bank in Japan just announced that it will be selling off approximately 63 billion dollars in government bonds…

But if that was the first, and still distant, sign that something was very wrong at one of Japan’s biggest banks (Norinchukin is Japan’s 5th largest bank with $840 billion in assets) today the proverbial canary stepped on a neutron bomb inside the Japanese coalmine, because according to Nikkei, Norinchukin Bank “will sell more than 10 trillion yen ($63 billion) of its holdings of U.S. and European government bonds during the year ending March 2025 as it aims to stem its losses from bets on low-yield foreign bonds, a main cause of its deteriorating balance sheet, and lower the risks associated with holding foreign government bonds.”

See, what’s happened in Japan is not that different from what is happening in the US, where as the FDIC keeps reminding us quarter after quarter, US banks are still sitting on over half a trillion dollars in unrealized losses, as a result of the huge jump in interest rates which has blown up the banks’ long-duration fixed income holdings, sending them trading far below par and forcing banks (and the Fed, see BTFP) to come up with creative ways of shoving these massive losses under the rug.

Major banks all over the world are sitting on gigantic mountains of unrealized losses.

If things start going wrong, it won’t take much to induce panic.

And once panic starts, it won’t take much to spark a financial avalanche.

We are in far more trouble than most people realize, and the dark clouds on the horizon are getting closer with each passing day.

Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

One company stands out from the crowd for two reasons. Genesis Gold Group is a faith-driven company named after the first book of the Bible. As such, they operate with the mission of helping Americans maintain proper financial stewardship.

The other reason they stand out is because the faithful principles that drive them translate into doing business very differently from other gold companies. They hold their principles above profits which means Genesis Gold Group is compelled to protect their clients’ retirement portfolios through honesty and integrity.

Here are three secrets about the precious metals industry that other companies don’t want you to know…

No Price-Gouging With “Free” Silver Offers

One of the dirtiest little secrets in the precious metals industry is that nothing is truly free. Many if not most companies offer “free” silver to their customers. To do this, they raise the prices of the metals they sell their customers. Unfortunately, this price gouging often means they charge far more than the $5,000 or $10,000 in silver that they are giving away for “free.”

Genesis Gold Group prices directly and transparently. They do not offer free silver even though it’s a great marketing ploy because to do so would be to act dishonorably. Instead, they simply offer their products straight up with no gimmicks.

A Proper Mix of Metals With Retirement in Mind

Another dirty secret in the industry is that most companies only offer high-profit coins and bars for their IRAs. Numismatic or collectible coins are popular because they have a strong potential for appreciation, but they also make gold companies the highest profits.

This is fine for those who do not plan on touching any of their retirement for the next couple of decades, but it’s not ideal for those who plan to use parts of their retirement before then or who will be required to take distributions in the near future. An all-numismatic IRA is also unfavorable should emergencies arise.

Genesis Gold Group works with their clients to craft the best mix of metals to fit their individual needs. This means having numismatic, bullion, and utility metals that have different advantages to fit the various scenarios their clients may experience in the future.

FOMO Sells

FOMO, or Fear Of Missing Out, is wielded like a sword by precious metals companies. It can manifest as a “loophole” the companies allegedly know about that others do not. It can be a special, “secret” government program that’s about to end any day now. It could even be the insinuation that precious metals are going to go through the roof very soon based on “insider” information these companies pretend to have.

Genesis Gold Group does not operate out of FOMO. Their educational approach focuses on understanding their clients’ needs and offering their expertise to help meet them. Being good stewards means Genesis Gold Group refuses to utilize high pressure sales tactics or fearmongering.

Reach out to Genesis Gold Group today to receive a free, definitive gold guide. They help Americans everyday to protect their life’s savings with physical precious metals.

Gold’s ascent toward $3000 an ounce was interrupted last month when China’s central bank halted its purchases. However, a survey of 70 central banks conducted by the World Gold Council (WGC) indicates robust future buying. None of the respondents foresee a decline in central bank purchases, with 81% anticipating an increase.

“China broke its 18-month gold-buying streak in part to basically ‘pump the brakes’ because prices have been skyrocketing,” said Jonathan Rose, CEO of Genesis Gold Group. “But more importantly they were testing resilience and control to see if their actions would cause prices to plummet, which they didn’t.”

Central banks significantly influence gold prices, with last year’s purchases nearing record levels. Despite private investors selling off in Q1, May saw a reversal, with ETF holdings rising.

Private buyers might bolster prices further, particularly if U.S. interest rates fall. The WGC survey revealed a strong expectation of increased gold reserves in central banks over the next five years. The motivations include strategic rebalancing, economic concerns, and geopolitical instability.

“We often disagree with the way central banks acts, but their motivations are aligned with our customers right now,” Rose said. “The central banks are hedging their investments because they are worried about turmoil tanking economies. Our customers feel the same concerns which is why they’re rolling over or transferring their retirements to physical precious metals.”

Genesis Gold Group specializes in taking old or current retirement accounts and moving them into Genesis Gold IRAs. This “safe haven” approach is becoming more popular as financial strife spikes across the country and around the globe.

The difference between individual investors and central banks as it pertains to gold is that with central banks, they have some degree of control over prices. As they push for Central Bank Digital Currencies, all eyes are on the U.S. Dollar and moves being made by BRICS nations. These factors suggest central banks will continue to play a crucial role in the gold market amidst ongoing global tensions and economic challenges.

Request the free, definitive gold guide from Genesis Gold Group today.